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CURRENCY SUBSTITUTION IN INDONESIA Pratomo, Wahyu Ario; Wiyadi, Wiyadi
Benefit Volume 13 No 1 Juni 2009
Publisher : Universitas Muhammadiyah Surakarta

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Abstract

This article describes the phenomenon of currency exchange when there is high inflation in a countryor it’s referred to dollarization. The phenomenonof high inflation also occurred in Indonesia in recent years when the economic crisis. This article tries to examine whether there dollarization in 1997 until 2004.The results showed that there has been exchange of currency or dollarization is significant when the economic crisis and its aftermath.
CURRENCY SUBSTITUTION IN INDONESIA Pratomo, Wahyu Ario; Wiyadi, Wiyadi
Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 13 No 1 Juni 2009
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/benefit.v13i1.1296

Abstract

This article describes the phenomenon of currency exchange when there is high inflation in a countryor it’s referred to dollarization. The phenomenonof high inflation also occurred in Indonesia in recent years when the economic crisis. This article tries to examine whether there dollarization in 1997 until 2004.The results showed that there has been exchange of currency or dollarization is significant when the economic crisis and its aftermath.
Analisis Kinerja Keuangan Kabupaten/Kota Pemekaran di Sumatera Utara Paidi Hidayat; Wahyu Ario Pratomo; D. Agus Harjito
Economic Journal of Emerging Markets Volume 12 Issue 3, 2007
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/vol12iss3aa377

Abstract

This research attempts to analyze the implementation of regional autonomy to the financial performance in newly-formed district government of North Sumatra. It focuses on the performance of original regional income after fiscal decentralization and the regional financial independency. The result shows that regional autonomy has a positive impact on the growth of original regional income. However, the share of those incomes to regional budget is still small. The newly-formed districts in North Sumatra are unready to face the regional autonomy policy. Most of the newly-formed regencies/municipalities are very dependent to balanced fund through General Allocation Fund and Special Allocation Fund.Keywords: regional autonomy, original regional income, fiscal decentralization.
An Econometric Analysis on Selected Socioeconomic Indicators: Evidence from State of Malacca, Malaysia Rosilawati Amiruddin; Ismadi Ismail; D., Agus Harjito; Wahyu Ario Pratomo
Economic Journal of Emerging Markets Volume 12 Issue 1, 2007
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v12i1.514

Abstract

In attaining a sustainable economic growth, the government or the relevant au-thorities must not disregard social life of the society. Economic development must coincide with the social development of the society. This study will endeavor to investigate the socio-economic level of household in the state of Malacca by gathering information on 334 house-holds located in the District of Alor Gajah. The main objective of this study is to view the socioeconomic level for selected indicators such as income, education and health. The method of this study is by the issuance of questionnaires which conform to the needs of this study. The methodology employed in analyzing the data obtained is through descriptive analysis and econometric techniques especially in examining the relationship between social and economic variables.The result of the study shows that the Malay households control the income in the district and have a higher educational level compared to other ethnics relatively. The cost of education for household depends on the income level, the members in the household which are still studying and the ethnicity. The district’s households still prefer to obtain health ser-vices provided by the government and the degree of dependency decreased accordingly with an increase in income. Although, this study is limited to only few socioeconomic indicators, it still can be considered as an initial step for further studies to be made on socio economy in the state of Malacca.Keywords: socioeconomics, household, econometric analysis.
The Effect of Macroeconomic Fundamentals in Financial Liberalization to the Stability of Indonesia’s Exchange Rate Wahyu Ario Pratomo; D. Agus Harjito; Ahmad Yani Hazir
Economic Journal of Emerging Markets Vol. 10 No. 2 (2005)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v10i2.597

Abstract

Paper ini mengkaji hubungan antara nilai tukar dengan fundamental makroeko¬nomi Indonesia dari tahun 1997 sampai 2004. Kajian ini menerangkan faktor-faktor yang mempengaruhi nilai tukar rupiah terhadap US dollar, baik dalam jangka pendek maupun jangka panjang dengan menggunakan teori kointegrasi. Untuk melihat kestabilan nilai tukar rupiah sebelum dan sesudah krisis ekonomi digunakan Uji Chow. Objektif lain dari kajian ini adalah ingin membuktikan apakah terjadi lonjakan yang tajam (overshoot) terhadap rupiah ketika krisis berlangsung. Hasil kajian menunjukkan bahwa rupiah memang melonjak tajam akibat adanya peningkatan penawaran uang dan inflasi. Hasil juga menunjukkan ter¬jadi hubungan kointegrasi antara nilai tukar dan fundamental makroekonomi serta terjadi perubahan struktural setelah tahun 1998.Keywords: exchange rate; stability; overshooting
PERSEPSI MASYARAKAT TERHADAP PENGEMBANGAN KAWASAN EKONOMI KHUSUS SEI MANGKEI SEBAGAI KLASTER INDUSTRI Doriani Lingga; Wahyu Ario Pratomo
Ekonomi dan Keuangan Vol. 1 No. 2 Januari 2013
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The purpose of this research is to know the perception of societies to the development of Kawasan Ekonomi Khusus (KEK) Sei Mangkei as a cluster of industry. The analysis conducted in this study is a social-economy method by using 3 dimensions, which consists of the role of KEK Sei Mangkei in the development of social and economic based on investigation on the activity of PT Perkebunan Nusantara III up to now, analysis about the information dan transparency of the development of KEK Sei Mangkei, and analysis about the perception of societies about the development of KEK Sei Mangkei. The analysis is about the perception of societies comprises potency of Sei Mangkei as growth pole, relationship between KEK Sei Mangkei and social life of the societies, relationship between KEK Sei Mangkei and economic life of the societies and general perception. The analysis method uses the descriptive method, by issuing questionaires to 100 respondents surrounding the area.The result of this research shows that the PTPN III plays role in the social and economy development of local societies of Bosar Maligas District. It is realized in absorbtion of local labour and provision of facilities and infrastructures for societies. According to the greater part of respondents, the development of KEK Sei Mangkei which is now going on, is conducted transparently and involves local soceties to participate. In the perception of societies, Sei Mangkei is a potential to be a new economic growth pole by making the area becomes special economic region. They believe that the existence of SEZ Sei Mangkei will increase life standard of local societies of Bosar Maligas District. Almost all respondents agree that the development of KEK Sei Mangkei will give advantage to  progress of societies, especially in increasing of societies’ social-economic standard. To sum up, most of the societies agree with the development of KEK Sei Mangkei with their main expectation that KEK Sei Mangkei will use local labour as employment so the problem of unemployment can be solved. Keywords: Special Economic Zone, industry cluster, development of social and economic, growth pole, labour absorbtion.
ANALISIS PERMINTAAN KREDIT PADA USAHA MIKRO DAN KECIL DI KECAMATAN MEDAN JOHOR Taufan Achmad Felna; Wahyu Ario Pratomo
Ekonomi dan Keuangan Vol. 1 No. 2 Januari 2013
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

The aim of this research is to analyze the factors that influencing micro entrepreneurs to ask loan from bank and to analyze the main factors that influencing their income. The data is obtained by direct interview and distributing questionnaires to 30 entrepreneurs in Subdistrict of Medan Johor. This research uses the descriptive method to reveal the profile of microenterprises and it also uses econometric analysis to the important factors to influence the income of entrepreneurs. The result shows that equity, credit and working hours influence entrepreneurs’ income. Keyword: micro enterprises, entrepreneur, entrepreneurship
ANALISIS FUNDAMENTAL DAN RESIKO SISTEMATIK TERHADAP HARGA SAHAM PERBANKAN YANG TERDAFTAR PADA INDEKS LQ 45 Amanda WBBA; Wahyu Ario Pratomo
Ekonomi dan Keuangan Vol 1, No 3 (2013)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

This research aimed to determine the effect of fundamental’s aspect and systematic risk to the stock price of bank on the list of LQ 45. Fundamental analysis is a picture of the bank company’s performance based on fundamental aspects. Systematic risk (BETA) is a risk that affects the market price of the existing shares on the stock exchange. Fundamental analysis is the form of financial ratios and Beta are identified variables could affect the stock price. The variables used in this research are financial ratios, Return on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), Earning Per Share (EPS) Price Earning Ratio (PER), and Beta. Beta is a risk systematic sensitivity indicator of the stock market. This research used panel data which is a combination of the data time-series and cross-section with multiple linear regression models. The data was then estimated by Fixed Effect Model (FEM) and processed with the program Eviews 7. The results showed that the independent variables, Debt to Equity Ratio (DER), Earning Per Share (EPS), Price Earning Ratio (PER) and BETA significant affected on bank stock prices LQ 45 while the Return On Assets (ROA) and Return on Equity (ROE) not significant affected on bank stock prices LQ 45. The independent variables used in this research are affected the stock price of bank in LQ 45 as the dependent variable with R-square 0.988096 and probability 0.000000. Keywords:  Return On Assets (ROA), Return On Equity (ROE), Debt to Equity    Ratio (DER), Earning Per Share (EPS), Price Earning Ratio (PER), Systematic Risk (BETA)
ANALISIS PEMANFAATAN DANA PENSIUN TERHADAP PEMENUHAN KEBUTUHAN HIDUP PNS PENSIUNAN GURU KOTA MEDAN Muhammad Fahmi Tanjung; Wahyu Ario Pratomo
Ekonomi dan Keuangan Vol 1, No 4 (2013)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

This study aims to analyze the use of pension funds for the substistence like needs for food, clothing, housing, health needs and their families and family needs. In this study, the data used are primary data by giving questionnaires to 50 respondents retired teacher in Medan. Respondents' answers will be used to answer whether pension funds can fulfill the needs life of PNS retired teacher in Medan. The analysis used is descriptive qualitative analysis. Data analysis techniques using data tabulation of frequency distribution and percentage. The results showed that pensioners living needs during retirement fulfilled. From the results of this research is the income received from pension funds are not sufficient to subsistence. Pensioners get extra income from children and other businesses. From the results of this research is that more pensioners choose to receive a pension funds once the whole than the receiving each month. Keywords: Retirement, basic needs, health needs, the family unit
EFEKTIVITAS PENGGUNAAN ARIMA DAN VAR DALAM MEMPROYEKSI PERMINTAAN KREDIT DI INDONESIA Syarifuddin Syarifuddin; Wahyu Ario Pratomo
Ekonomi dan Keuangan Vol 1, No 6 (2013)
Publisher : Departemen Ekonomi Pembangunan USU

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Abstract

This research was carried out by using ARIMA (Autoregressive Integrate Moving Avarage ) with VAR method (Vector Autoregressive) to see which one more effective in forecasting. From the results of the study may indicate that the ARIMA method is more effective than VARmethod in predicting demand for credit in Indonesia . ARIMA ( 1,1,0 ) is the best model for forecasting the level of the average forecasting error is quite low with a value of 8.70 (RMSE) compared with VAR models . Additionally VAR models using multiple stages to performforecasting models such as VAR , Impulse Response , Variance Decomposition to be done to project the demand for credit . From the research that has been done quantitatively that the ARIMA method is more effective and efficient in making predictions , the stage or the method used is quite simple with accurate results with relatively low error rates with 8.70 (RMSE) . While the VAR method for forecasting the need to use multiple stages in predicting demand for credit , but no measure of the level of error in the method of the VAR model is best for forecasting the ARIMA model .Keywords : Credit, Credit Demand, Forecasting