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Analysing the Monetary and Macroprudential Policy Response Within Transmission Mechanisms of Monetary Policy on Credit Channel in Indonesia Linda Seprillina; Ghozalie Maskie; Moh. Khusaini
e-2477-1929
Publisher : Institute of Research and Community Service, University of Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (200.382 KB) | DOI: 10.21776/ub.ijleg.2016.002.01.1

Abstract

Macroeconomic policy is the one buffer to maintain economic and externally stability. However, with the integration of the world economy, it needs the right policies especialy in stablizing the financial system to balance the country’s economy. The Choice between monetary and macroprudential policy widely studied by economists, especially in the monetary policy transmission of credit channel. The macroprudential policy that is used specifically to financial stability. And the purpose of this study was to determine how the response of monetary policy the throught Bank Indonesia Certificates (SBI) and macroprudential policy is reserve requirements and loan to deposit ratio in the monetary policy transmission of credit channel in Indonesia. this research using the quantitative method that uses VECM model (vector error correction model). The results of this study is the use of monetary policy instruments with SBI can’t affect of inflation caused by variety of crucial prolems in the financial sector especially of credit sector. While macroprudential instruments showed that both instrumets have proved to be effective response an inflation rate in Indonesia.
Shift Sector Analysis of Economy in Mamminasata Region Fadhila Ratu Pratiwi; Moh Khusaini; Susilo Susilo
e-2477-1929
Publisher : Institute of Research and Community Service, University of Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (647.209 KB) | DOI: 10.21776/ub.ijleg.2016.002.02.1

Abstract

Mamminasata region which is located in South Sulawesi Province consists of Makassar City, Maros District, Gowa District and Takalar District. The districts have sourced leading sectors which can contribute to each area. This study aims to determine whether the leading sector have a shift sector in the Mamminasata region by using shift share tools analysis to find competitive sector. This study uses secondary GDP (Gross Domestic Product) data from Central Bureau of Statistics South Sulawesi Province in 2006 and 2013. Based on the results, Makassar City does not have a shift sector and the trade sector is not a competitive sector. Maros District has a shift from agriculture to industry but this sector is a competitive sector. Gowa District does not have a shift sector in agriculture sector and this sector is not competitive sector. It differs from Takalar District which does not have a shift sector in agriculture sector and fishery sector is competitive.
The Function of Coconut Sugar Cluster Establishment for Local Economic Development in Banyuwangi Regency Aryntika Cahyantini; Moh. Khusaini; Devanto Shasta Pratomo
e-2477-1929
Publisher : Institute of Research and Community Service, University of Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (653.633 KB) | DOI: 10.21776/ub.ijleg.2017.003.01.6

Abstract

This research was aimed to analyze and to understand (1) factors influencing local economic development of coconut sugar cluster in Banyuwangi Regency; (2) the function of coconut sugar cluster establishment for local economic development, especially for workers absorption and for increasing people income and product innovation in Banyuwangi Regency. Analysis method was quantitative with AHP analysis. The result of research indicated several findings (1) Natural resource was the most influential factor for local economic development in Banyuwangi Regency if compared to human resource, government role, and output. In natural resource, the most determining sub-factor was raw material. For human resource, the most influential sub-factor was worker skill. For the factor of government role, the most influential sub-factor was capitalization. This sub-factor was more advantageous than training and infrastructure. For output factor, the most influential sub-factor was product quality. (2) It must be useful to increase participation, to improve income, and to produce innovation to local communities of Banyuwangi Regency.Keywords: Local Economic Development, Clusters, Coconut Sugar 
Role of Manufacturing Sector and Trade, Hotel, Restaurant Sector In East Java’s Economy: Input Output Analysis Anggari Marya Kresnowati; Candra Fajri Ananda; Moh. Khusaini
Jurnal Ekonomi dan Studi Pembangunan Vol 8, No 2 (2016)
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (826.546 KB) | DOI: 10.17977/um002v8i22016p168

Abstract

This study aimed to (1) analyze the relationship the manufacturing sector and the trade, hotel, and restaurant sector with other sectors in East Java, (2) to analyze the economic impact caused the two sectors based on the multiplier effect, (3) and analyze the economic impact caused by these two sectors if there additional investment funds. This study uses data analysis input-output 2010 East Java 19x19 aggregation sector.The results indicate that base metals subsector has the highest linkages to other sectors. Based on household income multiplier effect, trade subsector has the greatest multiplier. Employment multiplier in trade and industrial sectors are in medium rank. This indicates that the labor has been absorbed well in both sectors. The output multiplier effect, subsector non-metal goods, except petroleum and coal has the highest multiplier. The last, according to the analysis of investment injection simulations Input-Output East Java in 2010, subsector other processing industries has a best value added. Overall, the manufacturing sector has a better influence to East Java's economy than trade, hotel, and restaurant sector.Keywords: sectoral linkages, multiplier, investment, input-output analysis, the manufacturing sector, trade hotel restaurant sectorJEL Classification: D57, 014
Asymmetric response of unemployment rate to export shock in Indonesia: Does educational attainment matter? Sielvia Sari; Mohamad Khusaini; Makoto Kakinaka
JOURNAL OF SOCIOECONOMICS AND DEVELOPMENT Vol 5, No 1 (2022): April
Publisher : Publisher of Widyagama University of Malang (UWG Press)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31328/jsed.v5i1.3110

Abstract

Indonesia has long struggled with a high rate of unemployment. Export, one of the aggregate demand’s components, typically affects the unemployment rate as argued by Keynes. Therefore, this study attempts to evaluate the asymmetric response of unemployment rate to export shock in Indonesia. Employing a Local Projection method, the analysis incorporates three important features: the asymmetric effects of export shock (positive or negative), business cycle (boom or slump), and educational attainment of workers (highly-educated or less-educated). Dataset consisted of province-level annual panel data of 18 provinces in Indonesia where the main ports for export activity are located, spanning from the years of 1990 to 2019. This study finds significant differences in the unemployment rate dynamics between less-educated and highly-educated workers. A positive export shock during the boom reduced the unemployment rate for less-educated workers, and the effect is more persistent. In contrast, highly-educated unemployment rate decreased when a positive export shock occurs during the slump period, and the effect was rather in the short run. These results suggest some policy implications such as strengthening the domestic market, relaxing export regulation on labor-intensive industries, and diversifying export products to enlarge job opportunities for highly-educated workers with varied qualifications.JEL Classification E24; I25; O24
Analisis Pengaruh Pengeluaran Pemerintah Terhadap Indeks Pembangunan Manusia Melalui Pendapatan Domestik Regional Bruto di Indonesia Sintong Arfiyansyah; Moh. Khusaini
Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara dan Kebijakan Publik Vol 3 No 4 (2018): Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara, dan Kebijakan
Publisher : Direktorat Jenderal Perbendaharaan, Kementerian Keuangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1090.149 KB) | DOI: 10.33105/itrev.v3i4.77

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Salah satu tolak ukur dalam pembangunan ekonomi adalah melalui Indeks Pembangunan Manusia (IPM). IPM tidak hanya melihat aspek ekonomi melalui pertumbuhan ekonomi (PDRB), tetapi juga melihat manusia dalam aspek sosial yaitu pendidikan dan kesehatan. Ironisnya, meskipun pertumbuhan ekonomi di Indonesia cukup tinggi tetapi peringkat IPM Indonesia masih rendah. Untuk itu dibutuhkan peran pemerintah dalam meningkatkan pembangunan ekonomi di Indonesia. Peran tersebut adalah melalui kebijakan pengeluaran pemerintah yang dapat dibedakan menjadi berbagai fungsi diantaranya adalah ekonomi, kesehatan dan pendidikan. Penelitian ini bertujuan menganalisis pengaruh pengeluaran pemerintah di ketiga fungsi tersebut terhadap IPM melalui PDRB di Indonesia. Data yang digunakan adalah data sekunder dari tahun 2010-2015 dan mengambil obyek penelitian di lima belas provinsi dengan kategori IPM tinggi, sedang dan rendah. Metode penelitian yang digunakan adalah metode analisis jalur. Hasil penelitian ini menyatakan terdapat pengaruh yang positif dan signifikan pengeluaran fungsi ekonomi, pendidikan dan kesehatan terhadap IPM. Ketiga fungsi tersebut mempengaruhi IPM dengan jalur yang berbeda di mana fungsi ekonomi dan pendidikan berpengaruh melalui variabel PDRB, serta fungsi kesehatan mempengaruhi secara langsung tanpa melalui PDRB. Provinsi dengan IPM rendah berdasarkan penelitian sangat tergantung terhadap pengeluaran fungsi kesehatan meskipun pengeluaran fungsi tersebut bukan prioritas bagi provinsi dengan IPM rendah.
The Development of Tourism Towards Poverty Alleviation in Batu City Yeni Astiyanti; Candra Fajri Ananda; Moh Khusaini
e-2477-1929
Publisher : Institute of Research and Community Service, University of Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.ijleg.2020.006.01.5

Abstract

The purpose of the tourism development is to reduce poverty and unemployment. Tourism sector in Batu City is increasingly characterized by an increasing the number of tourism destinations and the tourists. Tourism in Batu City is developed through capital and community base have some impacts to the development. In 2014, there was a decrease in poverty rate by 12,28%, while the amount of unemployment in Batu City increased by 0,11%.  The due to aims of this research are to analyze the development of tourism in Batu City so did how its impact to the poverty in this city is using Partial Least Square Analysis. Based on the result of the analysis is known that the development of tourism in Batu City categorized as consolidation phase. The other result is tourism development due to both capital and community based is still not able to reduce poverty significantly. The development has provided more benefit is creating employment and higher impact comes from community-based tourism. The development of tourism in Batu City to further prioritize community-based tourism so that people can directly get the impact of tourism development.
The Effect of Transaction Costs on The Benefits of Hybrid Maize Farming in Dompu District, West Nusa Tenggara Dodo Kurniawan; Candra Fajri Ananda; Putu Mahardika Adi S; Moh. Khusaini
Journal of International Conference Proceedings (JICP) Vol 4, No 1 (2021): Proceedings of the 9th International Conference of Project Management (ICPM) Mal
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v4i1.1137

Abstract

The characteristics of imperfect markets are characterized by the presence of transaction costs. One sector that is an imperfect market is the agricultural sector. The purpose of this study was to analyze the structure of transaction costs and the implications of transaction costs on the benefits of hybrid corn farming. The research method uses transaction cost analysis and multiple linear regression. The research was conducted in Dompu Regency, West Nusa Tenggara with 120 respondents as corn farmers. The results show that implementation costs are the component of transaction costs that have the highest percentage of 43.35%, then supervision costs are 28.37%, transportation costs are 20.61%, negotiation costs are 3.70%, information costs are 3.41% and coordination 0.57%. These transaction cost components are distributed in each hybrid corn farming cycle, among others; (1) birth cycle; (2) cropping cycle; (3) maintenance cycle; (4) supervision; (5) harvest cycle; and (6) postharvest cycle. The postharvest cycle is the cycle that has the highest percentage of 23.17%, then the maintenance cycle is 18.53%, the harvest cycle is 17.65%, the cropping cycle is 17.28% and the control cycle is 13.99%. Transaction costs have a positive and significant effect on the profits of hybrid corn farming.
Vertical Fiscal Balance and Local Fiscal Discipline in Indonesia Deni Sarjoko; Moh. Khusaini; Rachmad Kresna Sakti
Journal of International Conference Proceedings (JICP) Vol 5, No 2 (2022): BEFIC Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i2.1681

Abstract

Fiscal discipline is the key value to manage public finance. In term of local government, maintaining fiscal discipline can improve basic services and public confidence provision. The research purpose is to give an input for the government to determine regional expansion policy. The analysis applies fixed effect model to analyze the relationship between vertical fiscal balance and local fiscal discipline in 491 districts/cities in Indonesia for 2010 to 2020. This study found the indication that the lower vertical fiscal balance, the lower the fiscal discipline of the district/city governments to collect local taxes, so regional development highly depends on intergovernmental transfer. The results indicate that the increase of vertical fiscal balance will increase local fiscal discipline. In addition to be driven by a vertical fiscal balance, local fiscal discipline increase is also driven by population density increase, the tertiary sector share, and Gross Regional Domestic Product per capita. It is important for the governments to consider vertical fiscal balance, population density, the share of the tertiary sector, and GRDP per capita, as variables to approve proposed regional expansion so that each regional expansion results in optimal public services.Keywords: Vertical Fiscal Imbalance, Local Own-Source Revenue, Population Density, Tertiary Sector Share, Gross Domestic Regional Product.
Regional Competitiveness: Infrastructure, Education, And Health Sectors Approach Moh. Khusaini; Yenny Kornitasari; Atu Bagus Wiguna; Murniati Murniati; Firdaus Finuliyah
Journal of International Conference Proceedings Vol 5, No 4 (2022): FEBIC International Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i4.1997

Abstract

This study aims to analyze the effect of the infrastructure, education, and health sectors on regional competitiveness. This is because the government expenditures have been allocated to develop infrastructure, education, and health sectors in each region. In line with the principle of fiscal decentralization to increase services in the public sector. When the government increases the quality of public sectors, it can impact economic growth, social welfare, and regional competitiveness or in the economic developments component. Previous studies show that the government expenditures on the infrastructure and component of the human capital index can increase the economic development in each region. In line with the theory of expenditures by Musgrave, Rostow, and Adolf Wagner. Therefore, using a regression panel data with the secondary data. The result of this study shows the effect of infrastructure, education, and health sectors on the regional competitiveness, study case in the Indonesia Province. Based on this study, it implies that when the local government will increase the competitiveness index, they should allocate more expenditures on this component. Keywords: Regional Competitiveness, Infrastructure, Education, Health Sector
Co-Authors AA Sudharmawan, AA Abdul Madjid Adi Kusumaningrum Adi Kusumaningrum Ahmad Syaifullah Al Muizzuddin Fazaalloh, Al Muizzuddin Alfi Muflikhah Lestari Alfi Muflikhah Lestari Alhaq, Nurul Yahdi Ananda, Diyohansyah Chrespo Andi Kurniawan Andini, Mutiara Labiba Andy Fefta Wijaya Anggari Marya Kresnowati Anggraeni, Rilla Anthon Efani Arifin, Muchammad Yudha Aryntika Cahyantini Asfi Manzilati ASHFAHANI, GALANG FAIRUZ REKSA Astiyanti, Yeni Atu Bagus Wiguna Bayanullah, Muhammad Bunga Hidayati Cahyantini, Aryntika Candra Fajri Ananda Deni Sarjoko Devanto Shasta Pratomo Devia, Vietha Dodo Kurniawan Dodo Kurniawan, Dodo Fadhila Ratu Pratiwi FADLI, MOH Faishal Fadli, Faishal Farah Wulandari Pangestuty Ferawati, Yunetta Ferry Prasetyia Fildza Amalina Qisthina Finuliyah, Firdaus Firdaus Finuliyah Fitria, Noka Ghozali MASKIE Ghozalie Maskie Ghozalie Maskie, Ghozalie Hadi, Yoos Suryono Hamamah, Hamamah Hani Puspitasari Jameelah, Mariyam Julkarnain, Donny Setyaelvanda Larassanti Defina Rizka Faza Linda Seprillina Lumban Tobing, Pahala Bellarminus M. Rifqinizamy Karsayuda M. Rifqinizamy Karsayuda, M. Rifqinizamy M.Aziz Irwanto Makoto Kakinaka Moh Fadli Mohammad Bisri Morillyn, Oxike Murniati Murniati Nanda, Rizky NBadriyah, Nurul Nostalgianti, Novi Nurul Badriyah Pahala Bellarminus Lumban Tobing Parmawati, Rita Prasetya, Heri Pratama Arief Widodo Pratnyaloka, Madhen Wiyan Purba, Dano Putu Mahardika Adi Saputra Rachmad Kresna Sakti Rachmawati, Christina Radeetha, Radeetha Rahajeng Neysa Alifia Ratu Pratiwi, Fadhila Rima Melati Anggraeni Rima Melati Anggraeni, Rima Melati Rohayani ROHAYANI Safaria, Albert Salah, Ahmad Khalid Saputra, Dhira K. Setyo Tri Wahyudi Sherlita Nurosidah Shofwan, - Sielvia Sari Sintong Arfiyansyah Siti Imroatus Solichah Slamet Wahyudi Sofie Nabella, Rihana Susanto, Arys Wahyu Susilo Susilo Susilo Susilo Sutan Sholahudin Iqbal Triyanti Lestari Wayan Firdaus Mahmudy Yeni Astiyanti Yennie Dwi Rozanti Yenny Kornitasari Yulianti, Nida Yuwan, Alma Sofi