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All Journal ETIKONOMI Jurnal Ekonomi & Studi Pembangunan Jurnal Ekonomi dan Pembangunan Indonesia
Teguh Yudo Wicaksono
Departemen Ilmu Ekonomi FEUI
Economics, Econometrics & Finance

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The Determinants of Biodiesel Price in Indonesia Junejo, Safiullah; Wibert Victor Hasundungan, Herbert; Wicaksono, Teguh Yudo
ETIKONOMI Vol 24, No 1 (2025)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v24i1.37581

Abstract

Research Originality: Indonesia is one of the leading producers of biodiesel globally. Despite this progress, the country surprisingly still experiences significant volatility in biodiesel prices. This phenomenon raises a critical question about the factors driving these fluctuations, which the existing literature still does not address adequately.Research Objectives: This study delves into the dynamic relationships between biodiesel prices and various potential determinants.Research Methods: The Vector Autoregressive model was employed, given its robustness in capturing dynamic interdependencies between multiple time series. The analysis utilized monthly data spanning Jan. 2016 to Dec. 2022 collected from the Ministry of Energy and Mineral Resources, Indonesia.Empirical Results: The VAR analysis reveals the nuanced influences of these variables on biodiesel prices. It suggests that an increase in the prices of CPO, crude glycerine, catalyst, and PFAD positively affects biodiesel prices, while price shocks in gasoil and methanol inversely impact them.Implications: The findings highlight the necessity for a multi-factor approach to formulating pricing strategies. They inform policy decisions to foster price stability and drive the growth of the biodiesel sector.JEL Classification: Q2, Q3, Q4, P28How to Cite:Junejo, S., Wibert, J., Hasundungan, V., & Wicaksono, T. Y. (2025). The Determinants of Biodiesel Price in Indonesia. Etikonomi, 24(1), 155 – 174. https://doi.org/10.15408/etk.v24i1.37581.
Analisa Perilaku Rumah Tangga: Preferensi, Fertilitas, Alokasi Waktu dan Tawar Menawar Wicaksono, Teguh Yudo
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 4, No. 2
Publisher : UI Scholars Hub

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Abstract

Economic scholars in Indonesia tends to focus more on market rather than household behavior. This could be caused by their assumption that household behavior often irrational from conventional economic perspective. This paper argues that irrationality behavior is not proven empirically. It is shown that the behavior is economic deterministic; like preference on their child's gender, time allocation and bargaining process in household. The result shows that females are more preferred than males and this can be explained by economic logic. Nevertheless, position and bargaining power of females still weak in household. It has proven empirically by some estimation methods with some restrictions. The final objective is the integration of economic science with other social sciences in household behavior analysis in Indonesia.
Tingkat Upah, Inflasi dan Pengangguran: Aplikasi Model Lucas-Rapping terhadap Pasar Tenaga Kerja Indonesia Tahun 1960-2001 Wicaksono, Teguh Yudo
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 3, No. 1
Publisher : UI Scholars Hub

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Abstract

Lucas-Rapping model is considered as succesfull model to explain the labor force in America. We are apply this model on Indonesian case to analyze the fluctuation of labor force and to know wether the shift on labor supply and unemployment is a function of current real wage or not. We also intend to analyze behaviour of household to respond the real wage change. From demand side, we can trace out how deep the eduaction role on labor force quality. The conclusion may be helpfull on determining appropriate policy on education sector. We use data from BPS including lndikator Ekonomi dan Keuangan, Statistik Ketenagakerjaan (Sakernas), Keadaan Pekerja/Karyawan di Indonesia, Survei Sosial dan Ekonomi Nasional (SUSENAS) or Survei Penduduk Nasional (Supas). The rest of data is collected from internasional sources such as Summers Heston: PennWorld Table, data Barro and Lee and data Bank Dunia.
The synergy of political stability, trade liberalization, and macroeconomic factors in attracting FDI to Pakistan Haidari, Adila; Junejo, Safiullah; Wicaksono, Teguh Yudo
Jurnal Ekonomi & Studi Pembangunan Vol. 27 No. 1: April 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v27i1.28365

Abstract

The determinants of foreign direct investment (FDI) in Pakistan remain a subject of ongoing debate, particularly regarding the relative influence of political stability compared to economic factors. This study investigates the interplay between political stability, trade liberalization, and macroeconomic factors in shaping FDI inflows in Pakistan from 1990 to 2023. Employing a quantitative approach using multiple linear regression on time-series data, this study evaluates the impact of political stability, trade liberalization, exports, imports, and inflation on FDI. The empirical findings indicate that political stability does not exert a statistically significant influence on foreign direct investment (FDI) in Pakistan, whereas export growth, trade liberalization, and price stability emerge as key determinants. A 1% increase in exports is associated with a 0.78% increase in FDI, underscoring the importance of economic fundamentals relative to political considerations. These results suggest that economic fundamentals may play a more decisive role in shaping FDI dynamics in the context of Pakistan. From a policy perspective, the findings underscore the importance of strengthening trade openness, promoting export diversification, and maintaining macroeconomic stability to improve the country’s investment environment. By examining the combined effects of several relatively underexplored determinants of FDI in Pakistan, this study contributes to the literature by providing additional empirical evidence on the drivers of foreign investment in developing economies facing similar structural and macroeconomic challenges.
Co-Authors Haidari, Adila Junejo, Safiullah Wibert Victor Hasundungan, Herbert