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The Link between Crude Palm Oil and Crude Oil Price in Various Periods of the Biodiesel Mandatory Policy in Indonesia Nency Febrina Limbong; Alin Halimatussadiah
Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i2.18475

Abstract

The biodiesel policy brought changes in the analysis of crude palm oil (CPO) prices. Supply and demand are no longer the main factors, but the correlation between CPO and crude oil prices. The main objective of this study is to provide an empirical study of the relationship between CPO and Indonesian Crude oil Price (ICP) in various periods of mandatory biodiesel policy in Indonesia. Using the Ordinary Least Square (OLS) method of time series data from 2001-2021, this study shows that in general CPO and ICP are positively and significantly correlated, but the price link is very dependent on the biodiesel policy that is implemented. ICP and CPO are positively and significantly correlated in the biodiesel mandatory period with limited subsidies (2006-2015) and in the biodiesel mandatory period with incentives which combined with progressive CPO export levies tariff (2020-2021). ICP and CPO are not correlated during the mandatory biodiesel period, combined with incentives and a fixed CPO export levy tariff (2016-2019). When CPO and ICP prices are strongly and significantly correlated, stock increases are not associated with a decrease in CPO prices. However, when the CPO and ICP prices are not significantly correlated, the stock increase is followed by a decrease in the CPO price. CPO price stabilization only occurs during the biodiesel mandatory period, combined with incentives and a fixed CPO export levy tariff.
Economic Valuation of Health Impact of Tightening and Easing PSBB Policies in DKI Jakarta Dewanto, Alfalast Susetyo; Halimatussadiah, Alin
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 11 No 3 (2022): December
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v11i3.156

Abstract

Coronavirus Disease 2019 or COVID-19 is a pandemic that has affected more than 200 countries around the world. This study aims to see the benefits of differences in the policy of easing the lockdown or PSBB (Pembatasan Sosial Berskala Besar), and in the progressive tightening of PSBB execution that had taken place from early March until 31 August 2020. The health impact benefits are calculated using the morbidity which includes Medical Costs and Temporary Productivity Loss (TPL), and the mortality which includes the Value of Statistical Life (VSL). ARIMA model is used for prediction simulation on positive cases of COVID-19 and benefit-transfer method for predicting death cases. If the strict rules are saliently successful in containing the development of positive cases, then DKI Jakarta will only have 54.2% or 18,460 cases and the death will only be 550 cases. Benefits of medical costs that can be incurred could save the health budget amounting to IDR1.26trillion. TPL affects most of those aged between 25–29, 30–34, and over 60 years and it also yields a benefit of IDR56 billion. From the death of many people aged over 60 years, it will contribute to the benefits of VSL amounting to IDR15.5 trillion.