Sri Mulyani Indrawati
Department Of Economics, Faculty Of Economics And Business, Universitas Indonesia (FEB UI)

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The Role of Networking in the Internationalization of Indonesian SMEs Revindo, Mohamad Dian; Indrawati, Sri Mulyani; Hambali, Sean
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 12, No 2 (2019): September 2019
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v12i2.21821

Abstract

Indonesian SMEs are less able to take advantage of foreign market opportunities than their large counterparts. This study analyses the internationalization of Indonesian SMEs, particularly the differences between exporting and non-exporting SMEs in terms of their network relationships. Primary data was obtained from survey questionnaires in Jawa, Madura and Bali regions, yielding usable responses from 271 exporting SMEs and 226 non-exporting SMEs. Our results suggest that exporters on average have twice as many frequencies of interaction with various external actors than those of their non-exporting counterparts. Exporting and non-exporting SMEs also differ in the way they interact and maintain relationships with external actors. The exporting SMEs utilize various types of interactions including regular and irregular, as well as formal and informal ones, with various external actors in the network. In contrast, non-exporting SMEs are more dependent on personal relations with key persons in various governmental and private institutions. The policy and managerial implications of the findings are discussed.
Policy Options to Remove Export Barriers Encountered by Indonesian SMEs Mohamad Dian Revindo; Sri Mulyani Indrawati; Natanael Waraney Gerald Massie
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.12

Abstract

Indonesian SMEs are less able to take advantage of free trade and globalization than their large counterparts, contributing only a small share of non-oil and gas exports. This study investigates the export barriers faced by SMEs. Primary data was obtained from survey questionnaires to SMEs in seven provinces in Java, Madura and Bali regions and central government agencies whose policies are related to SMEs and/or international trade. The survey yielded 533 usable responses, including 271 exporting SMEs, 226 non-exporting SMEs and 36 central government agencies. The findings show that the effectiveness of export assistance programs vary across types of assistance and levels of government. Further, policymakers and SMEs had different perceptions on the severities of each type of export barrier. The practical implications of the findings are provided.
Enhancing Resilience to Turbulent Global Financial Markets: An Indonesian Experience Sri Mulyani Indrawati; Ndiame Diop; Mohamad Ikhsan; Febrio Kacaribu
Economics and Finance in Indonesia Volume 66, Number 1, June 2020
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (625.499 KB) | DOI: 10.47291/efi.v66i1.683

Abstract

In the empirical literature, large and abrupt declines in capital inflows, or sudden stops, typically hit asset markets and generate output losses in the receiving countries. The significant decrease in capital flows to emerging markets in 2018 is a unique opportunity to test this premise. Using Indonesian data, we found that the sharp decline in capital inflows for over two consecutive quarters in 2018 had an adverse impact on the currency, equities, and bond markets, but no discernible output loss was recorded. Real GDP growth remained resilient throughout 2018 and held broadly steady at around 5 percent in the first quarter of 2019. Furthermore, asset markets rebounded quickly, regaining most of the losses incurred by March 2019. We attribute this resilience to Indonesia’s strong macroeconomic fundamentals and responsive fiscal and monetary policies. We argue that to sustain this resilience in the years to come, complementary structural reforms to boost export-oriented FDI would be needed. The 2020 COVID-19 global pandemic has put the emerging economies to the test again, with a possibly more significant impact. We will revisit our analysis in the future in the aftermath of the pandemic. 
Reputasi dan Kredibilitas sebagai Upaya untuk Mengatasi Masalah Koordinasi dan Reformasi yang Berkelanjutan Indrawati, Sri Mulyani; Kuncoro, Ari; Ikhsan, Mohamad
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 19, No. 2
Publisher : UI Scholars Hub

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Abstract

Reputasi dan Kredibilitas sebagai Upaya untuk Mengatasi Masalah Koordinasi dan Reformasi yang Berkelanjutan
The Productivity and Future Growth Potential of Indonesia Ikhsan, Mohamad; Indrawati, Sri Mulyani; Virananda, I Gede Sthitaprajna; Abdi, Zihaul
Economics and Finance in Indonesia Vol. 67, No. 2
Publisher : UI Scholars Hub

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Abstract

The output per worker of Indonesia has been on a downtrend since 2010, with total factor productivity (TFP) and capital stock largely stagnant if not declining. This paper discusses stylized facts that may explain recent trends in the productivity and growth potential of Indonesia. The decomposition of output per worker reveals the declining contribution of human capital, which is also most negative among peer countries. The growth in labor productivity has been concentrated within sectors, implying room for gains from labor reallocations. A substantial share of employment and credit in Indonesia has shifted to the relatively unproductive service sectors, particularly wholesale and retail trade. In terms of firm dynamics, the contribution of large firms in Indonesia has been lackluster compared to regional peers while the productivity of micro, small and medium enterprises remains stagnant. Considering that human capital and TFP measures of Indonesia are lagging behind middle-income peers, there is wide scope for Indonesia to catch up. However, the potential output of Indonesia also faces new risks from the COVID-19 pandemic. We expect that the short-term effect of the pandemic on capital accumulation and the long-term effect on human capital pose the highest risk while labor inputs appear to be more resilient. Meanwhile, the potential productivity gains from accelerated digital adoption and sectoral reallocations are more uncertain.