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PENGARUH EKONOMI MAKRO DALAM PERGERAKAN NILAI TUKAR RUPIAH Pihri Buhaerah
Jurnal BPPK : Badan Pendidikan dan Pelatihan Keuangan Vol 9 No 1 (2016): Jurnal BPPK (printed version)
Publisher : Badan Pendidikan dan Pelatihan Keuangan - Kementerian Keuangan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This paper examines empirically the impact of key macroeconomic variables on Exchange rate Fluctuation in Indonesia for the period 200Q1-2015Q2by using error correction model (ECM)to achieve the objective of this study , data was collected from secondary sources and various econometric analysis such as unit root test, Engle and Granger cointegration test, error corection ( ECM) were employed. Engle and Granger conitegration test shows that there is along run relationship cointegration between certain key macroeconomic variables and nominal exchange rate. Error correction model shows that share prices index and external debt have significant effect on nominal exchange rate in the short-run. Interestingly, official reserve assets and oil price as well as share price index have negative realtionship with nominal exchange rate. In contrast, external debt and trade deficit affect rupiah against US Dollar positively. Therefore , Indonesian Fiscal, monetary, and financial authorities should be more focused on increasing share index and reducing external debt in the short-run rather than focusing on improving trade balance or increasing official reserve assets.
THE CONSUMPTION EFFECT OF HOUSEHOLD DEBT: EVIDENCE FROM INDONESIA Pihri Buhaerah
Jurnal Ekonomi dan Pembangunan Vol 30 No 1 (2022): Jurnal Ekonomi dan Pembangunan
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14203/JEP.30.1.2022.70-81

Abstract

This paper empirically examines the relationship between household debt and household consumption growth in Indonesia using the ARDL model. This paper employs quarterly time series data on Indonesian household consumption expenditures and household debt from 2002 to 2017. The results of regression analysis showed negative relationships between household debt and consumption growth in the long run, while positive linkage was found in the short run. Specifically, in the long run, a 10 percentage points increase in household debt was associated with decreasing household consumption growth by 6 percent. In contrast, in the short-run, a 10 percent increase in household debt was associated with increasing consumption growth by 29 percentage points. Thus, although the effect of household debt on consumption growth is positive in the short term, it is negative in the long term. Interestingly, the positive effect is seen to decrease when the ratio of household debt to GDP is above 12.2 percent.
Mengaudit Kualitas Kebijakan Pembangunan Indonesia: Sebuah Pendekatan Berbasis Hak Asasi Manusia (HAM) Pihri Buhaerah
Jurnal Wacana Kinerja: Kajian Praktis-Akademis Kinerja dan Administrasi Pelayanan Publik Vol 17, No 2 (2014)
Publisher : Center fo State Civil Apparatus Training and Development and Competency Mapping

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31845/jwk.v17i2.229

Abstract

This study aims to audit the quality of Indonesia's development policy in the light of human rights (HAM). The audit is needed to get a full picture of the fulfillment of human rights situation in Indonesia in development. Analytical tools used to audit the quality of Indonesia's development are some key concepts in the international Covenant on ESC rights such as the maximum available resources, progressive realization, non-retrogression, and minimum core obligations. The method used in this study is a descriptive analysis and rely on secondary data through the study of literature to the works previously published research, books, journals, and official statistics from government and international agencies. Overall, the performance of Indonesia's development policy can be said to be still less qualified. The study results also show that the results do not show development maximum available resources, progressive realization, non-retrogression, and the fulfillment of minimum core obligations. As a result, the quality level of social welfare has not improved in spite of the political budget for social development from time to time.