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Economic Recovery Efforts: Boosting East Java’s Export Performance Through Mapping The Competitiveness of Commodities M. Fahmi Priyatna; Sonia Anggun Andini
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1046.346 KB) | DOI: 10.53572/ejavec.v5i2.64

Abstract

As an effort to encourage the export performance of East Java, concrete and comprehensive information and mapping are needed regarding the level of competitiveness of export commodities and their future prospects. This is necessary so that policy makers can devise the right strategy in each category of commodity competitiveness. To map the competitiveness of commodities and their prospects in the future, this study uses a combined technique of Revealed Comparative Advantage (RCA) and Constant Market Share Analysis (CMSA). RCA demonstrates static competitiveness at one time period (2020), while CMSA represents dynamic competitiveness in two time periods (2016 and 2020). With the merger of these two methods, East Java export commodities are divided into four categories, namely great amounting to 426 commodities, sunset amounting to 426 commodities, sunrise amounting to 649 commodities, and poor amounting to 919 commodities. The optimization of the four categories can be divided into two major parts of international cooperation, there are through the expansion of trade exports for the great and sunrise categories, as well as efforts to attract foreign direct investment (FDI) for the sunset and poor categories.
Property Price, Capital Inflows, and Financial System Stability in ASEAN-5 Economies: A Simultaneous Analysis Sonia Anggun Andini; Telisa Aulia Falianty
Journal of Indonesian Economy and Business Vol 37 No 1 (2022): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (863.388 KB) | DOI: 10.22146/jieb.v37i1.1406

Abstract

Introduction/Main Objectives: This study aims to estimate the impact of capital inflows on property prices and financial system stability (FSS) in ASEAN-5 and the simultaneous relationship between the two dependent variables. During the observation period of this study, there were large capital inflows to ASEAN 5 countries after the 2008-2009 financial crisis; on the other hand property prices showed an increase in that period. Background Problems: This study indicates the simul­taneous relationship between two dependent variables. In fact, using only a single equation for variables that have a simultaneous relationship can cause endogeneity problems, so the results obtained become unreliable/ biased. Novelty: The novelty of our research is we fill a gap in the previous studies by examining the relationship of property prices and financial system stability with the simultaneous method so as to solve the endogeneity problem that exists. Research Methods: We use the 2SLS simultaneous panel model to solve endogeneity problems. Finding/ Results: The results show that the massive capital inflows to ASEAN-5 countries caused a significant increase in property prices. Conclusion: This study confirms that property prices and financial system stability have simultaneous relationships. On the one hand, the impact of property prices on the financial system stability is positive and significant. On the other hand, testing the effect of the financial system stability on property prices does not show significant results.