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THE ANALYSIS OF INCOME INEQUALITY IN INDONESIA DURING COVID-19: A REVIEW OF POLICY RESPONSES Sari, Kiky Indah; Qori'ah, Ciplis Gema; Nasir, M. Abd.; Wardhono, Adhitya; Waluyo, Adiet Try
Jurnal REP (Riset Ekonomi Pembangunan) Vol. 8 No. 2 (2023): Oktober 2023
Publisher : Universitas Tidar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31002/rep.v8i2.613

Abstract

The Covid-19 pandemic has affected the economy from both the supply and demand sides. Policies are designed coherently and quickly, especially monetary and fiscal stimulus. However, the network effect of Covid-19 and global uncertainty can be a challenge in implementing a policy. The motivation behind this study is to determine the response of fiscal and monetary policies to income inequality in Indonesia pra-pandemic and during the period of Covid-19 pandemic. The dataset used in this study is panel data which consists of 25 provinces in Indonesia and period from 2017 – 2021. The estimation method used to identify the response of monetary and fiscal policy to income inequality in Indonesia is Dynamic GMM. This study found that only fiscal policies were effective in reducing inequality in Indonesia before the Covid-19 pandemic. Then during the Covid-19 pandemic period, this study found that monetary and fiscal policies were effective in reducing inequality in Indonesia. This condition shows that the stimulus issued by the government is effective in the sense that it can be a cushion to prevent widening inequality during the Covid-19 period. Overall, this study implies that policy synchronization between fiscal and monetary is needed to minimize the economic impact during the Covid-19 pandemic
The Role of Digital Transformation to Economic Growth in the Provinces of South Sumatra, Aceh, and Lampung Wardhono, Adhitya; Yaqin, Misbahol; Sari, Mega Indah; Sari, Kiky Indah; Qori’ah, Ciplis Gema; Nasir, M. Abd.
Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v38i2.3523

Abstract

The development of digital transformation is critical for innovation and surviving the crisis and being a sustainable focus. This study aims to observe the relationship between digital transformation and selected macroeconomic variables in accelerating economic growth recovery at the regional level. The data used is panel data from 2018Q1 - 2020Q4 in three Sumatra provinces, namely South Sumatra, Aceh, and Lampung. The method used is Panel Vector Autoregression (PVAR). The results of this study confirm that internet uses and investment contribute to economic growth in three Sumatra provinces. From these results is recommended that the government need to develop digital access and understanding such as internet use in the three provinces of Sumatra, namely South Sumatra, Aceh and Lampung. This is in order to maximize the potential of existing economic growth.