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All Journal Agregat: Jurnal Ekonomi dan Bisnis
Rif'atul Fitriyah
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Economics, Econometrics & Finance

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Covid-19: The Global Pandemic and its Impact on the Indonesia Economy Rif'atul Fitriyah; Ikbar Luqyana
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

2019-nCoV is officially referred to as SARS-CoV-2 and is a major cause of a disease called Covid-19. Indonesia announced the first victims of this epidemic of 2 people on 2 March 2020 then. Until March 29, 2020, the number of victims continues to grow reaching 1,285 people. This pandemic occurs at a global level, causing the industrial world to decline and it seems that some industrial organizations cannot survive as a result of this pandemic. The objective of this study is to analyze the impact of the Covid-19 outbreak which impacted on economic shocks in Indonesia. The economic shocks represented in this study are a decrease in people's purchasing power and turnover of business actors to a decrease in tax performance as a source of state revenue. The analytical method used in this research is to use a variety of policies decided by policy makers as an effort to save Indonesia from a prolonged economic crisis. The results showed that the Indonesian economy experienced a decline, ranging from the taxation sector to the stock market. The decline was the worst compared to the crisis that occurred in 1998 and the lowest in Asia.
To Lockdown or to not Lockdown: Economic and Human Life Dilemma in Covid-19 Pandemic Rif'atul Fitriyah; Saelly Melinda
Agregat: Jurnal Ekonomi dan Bisnis Vol. 4 No. 2 (2020)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol4/is1pp100-122

Abstract

Covid-19 pandemic has been a concern all over the world, including Indonesia. Various parties have been pressing government to do the total lockdown, as they see total lockdown is very crucial to save the citizens’ lives. Indonesia Government firmly opposed this suggestion, due to the fear of having Indonesia economy collapse as the consequences of stopping all activities. This argument seems as if the government prioritizes economic condition over Indonesian people’s lives. Therefore, the purpose of this study is to resolve the debate by analyzing the Indonesia’s ability to implement total lockdown as well as investigating whether total lockdown is really more effective than PSBB. Through projecting budget needed to do the total lockdown, we conclude that implementing total lockdown is highly risky for Indonesia. Besides that, the review of previous literatures implies that the outcomes of total lockdown and PSBB have no significant difference. Indonesia should focus on the lifting PSBB strategy instead, because either PSBB or total lockdown can’t be done forever. Building preventive awareness in society and establishing stricter rules regarding social distancing are the best choice so far. After that, Indonesia can gradually lift PSBB policy with minimum risk of facing second peak.
Co-Authors Ikbar Luqyana Saelly Melinda