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INDONESIA
KEK (Kajian Ekonomi dan Keuangan)
Published by Kementerian Keuangan
ISSN : 14103249     EISSN : 25409999     DOI : -
Core Subject : Economy,
Kajian Ekonomi dan Keuangan (KEK henceforth)was first published in 1996 as an initiative of researchers of Ministry of Finance. In the earlier years of its publication, KEK was also known as Kajian Ilmiah Ekonomi dan Keuangan (KIEK). Since then KEK has been published regularly as one of the prominent sources of reference for public policy evaluation as well as a recommendation, in particular on Indonesian state budgets and finance topics.
Arjuna Subject : -
Articles 143 Documents
REVITALISASI INVESTASI PENGEMBANGAN ENERGI PANAS BUMI DI INDONESIA Ragimun, Ragimun
Jurnal Kajian Ekonomi dan Keuangan Vol 17, No 1 (2013)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v17i1.33

Abstract

Premises as a country that is being build, requiring electrical energy very much. It is therefore necessary for the utilization of various sources of insufficiency. During this energy from fossil sources dominate the national energy needs. But this fossil energy sources will eventually run out. So that the necessary renewable energy, among other things of geothermal energy. This energy is in addition to friendly neighborhood also has a reserve that very much. Recorded 26 percent of world geothermal energy in Indonesia. However, until recently the development of new geothermal energy range from 4 percent The main obstacle is the issue of investment is still limited, as well as policy and institutional reforms to increase investment. It is therefore necessary to revitalize geothermal energy investments through several fiscal and non fiscal incentives in the form of investment attraction such as the selling price of electricity energy geothermal interest. Current selling price of geothermal electrical energy for U.S. $ 0.97. This needs to be re-evaluated, in order to attract investors in geothermal development in Indonesia.
ANALISA DAYA TARIKINVESTASI INDONESIA DIANTARA NEGARA TETANGGA ASEAN Nasir, Mohamad
Jurnal Kajian Ekonomi dan Keuangan Vol 14, No 2 (2010)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v14i2.61

Abstract

Indonesia as an emerging country needs investment's role to increase economic growth, especially after economic crisis in 1998, because government's financing capacity is very limited, so do private sectors. During 1990-2009, value of investment in Indonesia reached a significant growth, DDl grew 24.17% and FDI grew 30.39% per annum. Indeed, these numbers were great numbers. However, role ofDDI and FDI to Indonesian economic were small if we look at ratios of DDl and FDI to GDP that were around 0.65% and 2.29% per annum.Actually, Indonesia has a potential source to attract investors, especially foreign investors to invest in Indonesia. However, Indonesia has a lower competiveness of investment than neighbor countries. There are some reasons that support this statement. First of all, Indonesia has a higher risk of investment. For example, Indonesian political risk score in medium and long term is 5 (high risk), while Singapore, Malaysia, and Thailand have score 1, 2, and 3 respectively. Secondly, based on GC1, Indonesia is in 54th position, whereas Singapore, Malaysia and Thailand are in 3rd, 24th and 36th position respectively. Lastly, Indonesian tax rate (28%) is still higher than Singapore (18%), Vietnam (25%) and Malaysia (25%). Regarding tax rate thoeritically tax rate is a main reason of investors to invest in particularly country. However World Economic Forum (2009) reported that tax rate is not a main problem if an entity will do business in Indonesia. Tax rate in Indonesia was just a 13rd factor of consideration for taking investment decision.The main problems are bureacracy, infrastructure, policy instability, and corruption. In conclusion, Indonesiaan competitiveness for investment is under neighbor countries especially Singapore, Malaysia, Thailand, and Vietname.
Analisis Model Makro Ekonomi Regional Bali Pendekatan Solow Neclassical Growth Budhiasa, Gede Sudjana
Jurnal Kajian Ekonomi dan Keuangan Vol 16, No 3 (2012)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v16i3.126

Abstract

Bali Island is the most popular tourist destination in Indonesia, therfore the growth for international tourist destionation to Bali island could be impact and supporting generating income of people of Bali island. However, the policy design of one for all that was design by BTDC projects were concentrated tourist destionation at Kabupaten Badung and Kota Denpasar as main region activities.This research have been found that using econometrics two stages regression methods indicated that tourist growth center policy of BTDC is failures to distribute income and other benefits to the suburb area of 7 Kabupaten outside from center growth Kabupaten Badung and Kota Denpasar. The failure of beneficial of 7 Kabupaten to take participation is that because of the economic structure of 7 Kabupaten become dominated of primary sector and less power of industrial sectors
Peramalan Nilai Tukar Rupiah Terhadap USD dengan Menggunakan Model GARCH Wijoyo, Nugroho Agung
Jurnal Kajian Ekonomi dan Keuangan Vol 20, No 2 (2016)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v20i2.187

Abstract

Makalah ini menggunakan teknik ekonometrik Generalized Auto Regressive Conditional Heteroskedasticity (GARCH) untuk meramalkan perubahan nilai tukar yang berfrekuensi tinggi di Indonesia. GARCH, suatu model non-linear, umumnya digunakan untuk data keuangan berfrekuensi tinggi, seperti nilai tukar harian Rupiah terhadap Dolar Amerika Serikat. Penelitian ini menilai perilaku dari nilai tukar Rupiah terhadap dolar Amerika Serikat dengan membuat model dari perubahan nilai tukar harian dalam bentuk logaritma untuk periode 3 Januari 2000 sampai 16 Desember 2015. Periode ini meliputi era volatilitas tinggi dan turbulensi keuangan, seperti yang terjadi pada semester kedua tahun 2015 ketika nilai tukar Rupiah terhadap dolar Amerika Serikat turun menjadi Rp.14.500. Menggunakan model GARCH dalam menetapkan heteroskedastisitas, studi ini menemukan bahwa model GARCH sangat mencerminkan sifat empiris natural logaritma dari nilai tukar rupiah terhadap dolar Amerika Serikat pada tingkat signifikansi 1%.
DETERMINAN INFLASI REGIONAL KOTA-KOTA DI PROVINSI JAWA BARAT TAHUN 2000 - 2009 Falianty, Telisa Aulia; Hanifah, Luthfi
Jurnal Kajian Ekonomi dan Keuangan Vol 16, No 1 (2012)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v16i1.24

Abstract

This research is intended to analyze determining variables of regional inflation at cities of West Java Province during 2000 - 2009. This study is motivated by the facts that inflation is known as an important indicator for economic development planning. Therefore, managing inflation rate become important for government to arrange their national development planning. Managing national inflation should follow whit managing regional inflation. Thus, identijying regional inflation determining variables become important process for managing phase of regional inflation. Approximation for regional inflation determining variable are monetary variables and non monetary variables. Monetary variables consist of real interest rate, while non monetary variables consist of regional indigenous income (PAD), regional expenditure, infrastructure condition, minimum wages rate, and inflation rate of DKl Jakarta. Method research for analysis is utilizes data panel regression Of G2SLS (Generalized two stage least square) with fixed effect method. The findings of this study point out that regional inflation at cities of West Java Province significantly affected by real interest rate, minimum wages rate, infrastructure condition, inflation rate of DKl Jakarta, regional indigenous income (PAD), and regional expenditure. Thus, shown that cost push effect system and demand pull effect system is work on to determine regional inflation at cities of West Java Province. This research also finding that regional that regional interaction is influencing regional inflation rate as shown on interaction between DKl Jakarta Province and cities in West Java Province which presumtive cause by distribution system of goods, commodity, and services from production area to consumption area.
Tax Allowance – Mengapa Tidak Berjalan? Basalamah, Anies Said
Jurnal Kajian Ekonomi dan Keuangan Vol 2, No 3 (2018)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v2i3.323

Abstract

Since September 2015 President Joko Widodo has been launching The Economic Policy Packages that up to July 2017 have been in fifteen volumes. Although many argue that these Economic Policy Packages are failed, this research shows that one of those Economic Policy Packages is not failed although it cannot be considered successful as well since up to July 2017, there were only 37 Tax Payers got the tax allowance facilities. This research also shows the many potentials for the Volume II Economic Policy Package to be failed, including Government Regulation Number 18 of 2015 as well as Number 9 of 2016 in addition to the regulations following those two Government Regulations that are inconsistency, uncoordinated, and having different procedures for different ministerial sectors regarding the industries of the Tax Payers. In this research the authors recommend that Government Regulation Number 18 of 2015 and Number 19 of 2016 are changed and replaced by single Government Regulation that is more operational, thrive among those of ministerial sectors, and giving more assurance in applying the laws and regulations.Sejak tahun 2015 Pemerintahan Presiden Joko Widodo meluncurkan Paket Kebijakan Ekonomi dalam 15 jilid. Meskipun beberapa pihak menilai kebijakan ini gagal, penelitian ini menunjukkan salah satunya tidaklah dapat disebut gagal meskipun tidak dapat juga dikatakan berhasil karena hingga 25 Juli 2017 hanya ada 37 Wajib Pajak yang berhasil memperoleh fasilitas tax allowance. Penelitian ini menunjukkan potensi kegagalan tersebut berasal dari Peraturan Pemerintah itu sendiri beserta peraturan-peraturan pelaksanaannya yang tidak konsisten, tidak terkoordinasikan dengan baik dan menggunakan mekanisme, tata cara atau prosedur yang berbeda-beda antar kementerian sektor yang membidangi industri tempat Wajib Pajak menjalankan usaha mereka. Dalam penelitian ini penulis merekomendasikan agar Peraturan Pemerintah tersebut dicabut dan diganti dengan yang lebih operasional, tidak bertabrakan antar kementerian sektor, dan lebih memberikan kepastian hukum.
Individual Taxpayers Compliance and Strategy For Improvements Tenrini, Rita Helbra; Nugroho, Anda
Jurnal Kajian Ekonomi dan Keuangan Vol 18, No 2 (2014)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v18i2.47

Abstract

Everyone who has income above nontaxable threshold are required to register as a taxpayer. Indonesia has low rate o f registered taxpayer, only around 18 percent. This makes the tax revenue also low as the tax ratio is only 11 to 12 percent in the recent years. This figure is lower than its neighboring countries which has tax ratios above 14 percent Lower tax revenue makes it harder to finance public spending for the government, moreover, it could lead to budget deficits. This study analyzes the factors that influence the compliance o f taxpayer registration. The method used was descriptive quantitative approach. Micro data processing is conducted on National taxpayers database and household survey. The result shows that the characteristic o f taxpayers compliance determined by various factors such as business, industrial, sociological and regional. The extensification policy for taxpayers should be more focused on (i) individual taxpayers from non employee (individual entrepreneur); (ii) mining and construction sector; (iii) taxpayers with the age o f 41 years and above; (iv) provinces with low compliance, which are Gorontalo, Papua, West Nusa Tenggara, North Maluku and East Nusa Tenggara. The extensification must consider the potential tax payers o f each region and also human resource needs.
TAX HARMONIZATION ASEAN MELALUI ASEAN TAX FORUM -PEMBELAJARAN DARI PROSES TAX HARMONIZATION UNI EROPA- Suska, Suska; Effendi, Yuventus
Jurnal Kajian Ekonomi dan Keuangan Vol 15, No 1 (2011)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v15i1.85

Abstract

ASEAN Tax Forum was established in the ASEAN Minister of Finance meeting in Bali April 2011. The forum consists of tax authority among ASEAN countries intended for exchange of information on the tax regime and instruments among Member States as well as to work on the issues of avoidance of double taxation and addressing withholding tax to further support the building of a competitive ASEAN Economic Community. The tax harmonization process among member states of ASEAN needs several stages to be taken. Tax Treaty as the step to eliminate the double taxation still not implemented by all ASEAN members. Tax rate particularly corporate tax rate is varying among countries. Learning the lesson from European Union, the direction of tax harmonization is to establish the common tax base while tax rate still differentiate among member states.
Estimation of Indonesia’s Fiscal Reaction Function Pamungkas, Raditiyo Harya
Jurnal Kajian Ekonomi dan Keuangan Vol 20, No 1 (2016)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v20i1.178

Abstract

Fiscal policy is a core factor in managing macroeconomic indicators strategy. Following several financial crises, both advanced and emerging countries undertook prudent fiscal policies to maintain debt sustainability. This paper investigates the fiscal policy behaviour of Indonesia through a fiscal reaction function, which represents how the government reacts to the debt to GDP ratio by the creation of primary balance in the budget. Breakpoint unit roottest is conducted due to the stationarity characteristics of data variables, hence the widely used Autoregressive Distributive Lag (ARDL) bound test is employed using quarterly data from 1990 to 2014. These results indicate that the government of Indonesia has reacted to the increase in debt to GDP bygenerating the primary surplus due to increase in debt accumulation which shows the well-behaved fiscal policy to maintain debt sustainability. In Indonesia’s fiscal reaction function, real interest rate, nominal exchange rateto US$, and election significantly determine the primary balance behaviour. In addition to maintaining a debt to GDP ratio at a low level, the government should also consider the other variables other than debt to achieve sustainability of fiscal policy especially in managing shocks.
Evaluation of Indonesian Food Politics and Fiscal Politics Support Ika, Syahrir; Setiawan, Hadi; Damayanty, Sofia Arie
Jurnal Kajian Ekonomi dan Keuangan Vol 19, No 1 (2015)
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Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v19i1.15

Abstract

The Indonesian Constitution mandates the government to keep the food sovereignty in terms of availability, affordability, and the fulfillment of adequate food consumption with safety, quality, and nutritionally balanced. In food politics, the government has a number of policies and programs to achieve food self-sufficiency such as the provision of agricultural land, fertilizer, pesticides, seeds, irrigation, farmers' education, and financing supports. In terms of fiscal policy, the government annually allocates funds to support food self-sufficiency programs. Unfortunetaly, Indonesia still in the stage of below achieving a food self-sufficiency; the government still imports some strategic foodstuffs such as rice, corn, soybeans, sugar, and meat. Low production of foodstuffs bring about a decrease in agricultural sector contribution to GDP. This article aims to evaluate the effectiveness of government policy on food and fiscal policy support. Using secondary data, the study tries to describe using the approach of 'The Context, Links, and Evidence Framework". The study concludes that although the government has a strong commitment to have food sovereignty, but still difficult to achieve food selfsufficiency and food security. Therefore the authors recommend a policy package which includes nine priority programs to be considered by the government.