KEK (Kajian Ekonomi dan Keuangan)
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.
Articles
143 Documents
ANALISIS PERDAGANGAN PRODUK ALAS KAKI INDONESIA - CHINA
Ragimun, Ragimun
Jurnal Kajian Ekonomi dan Keuangan Vol 16, No 2 (2012)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v16i2.39
The Government continues to encourage non-oil exports in order to increase state revenues. One of them is a footwear product. Main export products are in addition to generating foreign exchange also employment. One factor that may affect the export of footwear products are competitive and many competitors' products, including China. Indonesia has the footwear of competitiveness is quite good for the world and exports of footwear products to China. From 2001 to 2010 Revealed Comparative Advantage (RCA) showed an average of over 1. Besides, the analysis of trade specialization index also shows the average above 0.5 which means that Indonesia is best suited as an exporter of footwear products. Related to this strategy of increasing competitiveness of footwear products, which need do is to continuously improve product quality and efficiency as well as footwear business climate in Indonesia.
ANALISIS INVESTASI CHINA KE INDONESIA SEBELUM DAN SESUDAH ACFTA
Ragimun, Ragimun
Jurnal Kajian Ekonomi dan Keuangan Vol 13, No 2 (2009)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v13i2.77
Economic growth of China's stunning last decade to provide a map of this new world economic power. While in some parts of the world is experiencing stagnant growth, but this country is experiencing economic growth is high enough. This means to give new hope for many regions and countries that have economic relations with this country, not the exception of Indonesia. But this is also a concern our country and other countries, such as Asean. Therefore, the ASEAN China Free Trade Area (ACFTA), which is one of the regional agreement, have an important role in bridging the interests of Asean with China's economy, including Indonesia.For Indonesia, ACFTA has a positive effect because the Chinese clearly requires the supply of raw materials and auxiliary materials for industry, as well as market share and a quite promising partner. However, on the other hand, our country is ready to fight the flood of products from that country. There is no other way that can be adopted to avoid the economy unless they increase the can be obtained that the competitiveness products still need to be improved, especially competitiveness of our products.By using the SWOT analysis approach, the results through product manufacturing efficiency, while products such as pre-eminent natural resources still can be improved with the increase in value added. From the results of the analysis is also known that after ACFTA the investment of China is still relatively small.
Pengaruh Pengenaan Pajak Pertambahan Nilai Terhadap Pergeseran Pajak dan Beban Lebih (Studi Pada Industri Garmen dan Konsumen Garmen di Jawa Barat)
Metekohy, Stellamaris
Jurnal Kajian Ekonomi dan Keuangan Vol 17, No 2 (2013)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v17i2.152
Sesuai Undang-undang No. 8 Tahun 1983 tentang PPN barang dan jasa dan PPn.BM sebagaimana telah beberapa kali diubah terakhir dengan Undang-undang No. 42 Tahun 2009. Beban PPN pada akhirnya ditanggung oleh konsumen tetapi dalam pelaksanaannya ada kebijakan industri untuk menanggung sebagian atau seluruh beban PPN tersebut. Tujuan penelitian ini adalah mengetahui : (1). Pergeseran beban akhir PPN antara produsen garmen dan konsumen garmen, (2). Pengaruh beban lebih PPN terhadap industri garmen. Hasil penelitian menunjukkan bahwa beban akhir PPN ditanggung oleh industri garmen 63 persen (63%) dan konsumen garmen 37 persen (37%) sedankan beban lebih yang ditanggung industri garmen sebesar 4,94 persen (4,94%) sehingga industri dapat dikatakan efisien dalam melakukan akivitasnya.
Liberarisasi Jasa Telekomunikasi Indonesia, Masuknya FDI dan Penyerapan Tenaga Kerja Domestik
Fawaiq, Muhammad
Jurnal Kajian Ekonomi dan Keuangan Vol 1, No 2 (2017)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v1i2.244
AbstractThe research’s purposes is to analyze Causality between FDI in telecommunication service sector and the empolyment in that sector. The method used are the descriptive and the linear regression through PVECM estimation. The results showed that the FDI in telecommunication service sector in the period of 2000-2016, only concentrated in Java and Bali with an average contribution of 98 percent per year. The PVECM estimation showed that the FDI has a strong two-way relationship with the employment. This means that FDI significantly encourages labor and vice versa. The ECT coefficient showed that the change in FDI due to changes in employment to achieve equilibrium is 89 percent and the change of employment due to changes in FDI by 10 percent per year. Thus, the FDI provides benefits for the employment absorption and the availability of emploment is also an important consideration for investors to invest in Indonesia's telecommunications sector.
ANALISIS PEMBERIAN BEA MASUK DITANGGUNG PEMERINTAH (BM DTP) TAHUN 20101
Samosir, Agunan
Jurnal Kajian Ekonomi dan Keuangan Vol 16, No 3 (2012)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v16i3.67
To augment people's purchasing power, to maintain business resilience and to raise business and industry's competitiveness, Government with its fiscal policy provides BMDTP facility. The provision was initiated with the intention to lessen the crisis impact in the midst of 2008. The measure was expected to be able to provide sufficient public goods and services. Besides, the effected real sektor may survive and raise its competitiveness. The quick research by PKAPBN concluded that the realized facility utilization trough BMDTP by Government was not optimal. The causes of low realization of BMDTP were identified, among others : (1J the mismatch between BMDTP provision with the needed sektors or industries; [2] the delayed issuance of PMK and BMDTP technical guidance; (3) the lack of knowledge of Ministry/Institution Financial Disbursement Official (Pembina K/L and KPA) on the industries having the access to acquire BMDTP. Government needs to review the cost and benefit of BMDTP on industries. The cost may be reviewed from production, and contribution on tax payment and employment creation. The Ministry/Institution or Echelon 1 which can evaluate BMDTP is FPO, MOF as the coordinator or chair of the evaluation team, and well supported by each Ministry/Institution responsible for particular industry. The task has been conducted by FPO since August 2010 and is still ongoing. In accordance with article 9 in each PMK BMDTP 2010, the evaluation timeliness may be extended to the end of February 2011.
Model Nilai Sewa Ruang Perkantoran Pada Kawasan Pusat Bisnis di Jakarta
H. Miyasto, FX Sugiyanto, Edih Mulyadi
Jurnal Kajian Ekonomi dan Keuangan Vol 19, No 2 (2015)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v19i2.141
Nilai sewa merupakan komponen yang penting bagi calon penyewa, investor, pengembang dan pengelola gedung khususnya pada Kawasan Pusat Bisnis di Jakarta. Dalam memenuhi kepentingan tersebut masing-masing pihak melakukan penaksiran atau menggunakan jasa penilai properti untuk mengetahui nilai sewa ruang suatu gedung kantor. Penilai properti dan pengelola gedung-gedung milik negara telah mempunyai metodologi dan tool untuk menentukan besaran sewa. Namun nilaihasil penaksiran tersebut tidak bisa diukur akurasinya mengingat tidak adanya benchmark. Selain itu hasil penelitian sebelumnya tentang model nilai sewa ruang kantor belum bisa digunakan karena lokasi dan lingkup penelitian bukan pada kawasan tersebut. Oleh karena itu penelitian ini bertujuan untuk memformulasikan model nilai sewa ruang kantorpada kawasan pusat bisnis di Jakarta. Penelitian ini dilakukan melalui pendekatan supply dan demand secara simultan, dengan menggunakan konsep teori Marchallian. Sisi demand dianalisis melalui variabel pembentuk utilitas konsumen, yang berasal dari penelitian sebelumnya dan kebaruan penelitian, sementara supply dianalisis dari fungsi biaya dan keuntungan. Model penelitian dibangun melalui regresi yang melibatkan variabel sisi demand dan supply tersebut. Selain menghasilkan model nilai sewa, penelitian ini juga membuktikan bahwapenyewa gedung kantor pada kawasan pusat bisnis belum peduli dengan konsep green building bahkan berprilaku boros energi, sifat pasar sewa ruang kantor di Jakarta adalah pasar konsumen, height building theory terbukti tidak berlaku pada properti gedung kantor, dan variabel lokasi serta aksesibilitas menjadi variabel yang paling berpengaruh terhadap besarnya nilai sewa. Model ini diharapkan dapat digunakan sebagai benchmark oleh penilai properti dan pengelola gedung milik negara.
Analysis of Indonesian Sovereign Green Bond and Green Sukuk Initiatives
Anugrahaeni, Pradina
Jurnal Kajian Ekonomi dan Keuangan Vol 1, No 1 (2017)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v1i1.266
AbstractGreen bonds, as a vehicle to mobilize additional investors in supporting sustainable finance, have been a longstanding topic of discussion. Moreover, Green sukuk also have been developed in Islamic jurisdiction markets, mirroring the nature of green bonds in accommodating socially responsible investments. While earlier studies focused on the development of those new asset classes in the developed economies, this paper specifically examines the context of emerging countries, in particular Indonesia. Indonesia is on its way to issue the first green bonds and green sukuk; therefore, it is needed to assure that the initiatives will not disrupt the existing practices. This paper aims to look at the existing Indonesian conventional bond and sukuk markets, then analyse whether the preconditions are sufficient – from financial stability perspectives. Contrary to the Islamic researches, this paper will point out that sukuk practices may not be immune from instability. The paper argues that strong support by the government may serve as a stabilising effect on the policy agenda to launch green bonds and green sukuk in Indonesia. This paper, however, does not scrutiny sukuk structures per case, which may be useful to identify specific issues that may arise.
INCOME INEQUALITY: EDUCATION AS THE PANACEA
Kusumaningsih, Nugraheni
Jurnal Kajian Ekonomi dan Keuangan Vol 18, No 3 (2014)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v18i3.30
The Indonesian government has already allocated 20 percent from its budget every year for education. Therefore, it's profound to know whether the budget spent on education is giving significant return. The paper aims to examine the rate of return to education, whether there's a disparity between rate of return to education between females and males, and whether education can help tighten the gap of income inequality which is a crucial issue these days facing emerging countries. This paper is using Mincer Equation as the model and Indonesian Family Life Survey (IFLS), a panel data from Indonesian households, finding the rate of return to education to be 7.5 percent. Interesting finding coming from return to education for females to be not different from males, given that return to education for females usually higher than males, though disparity tends to get smaller over time. In addition, it is found that education is not widening the gap of inequality though we can't say whether income equalizing process through education really occurs except for female case, it is income equalizing. This finding is crucial showing that the government should pay more focus in educating females as a means to tighten the income inequality gap.
ANALISIS KINERJA INDUSTRI TPT INDONESIA
Ragimun, Ragimun
Jurnal Kajian Ekonomi dan Keuangan Vol 14, No 4 (2010)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v14i4.58
Textile industry can be categorized the oldest industry in Indonesia. This is a significant industry, which provides not only on economic contribution but also on absorbing employment for the total 15% of all manufacture sectors.At the present, textile industry is facing some structural problems, such as the high cost of energy, insufficient of infrastructure, the low technology and well- worn of the machines, and also the overflowing of China's textiles into Indonesia markets. Those are causing high cost of production and further impeding competitiveness of domestic textile in the world marketOn the early stage, the textile industry development was boosted by the Foreign Investment Law (1967) and the Domestic Investment Law (1968). In addition, the export quota system grows up steadily during the period of 1984 to 2000, which reach to 18, 5% per year. For the last 5 years, however, the export shows a fluctuation. For 2000, the number reaches US$ 8.3 billion, and in 2009 goes to US$ 9.26 billion or just a tiny increase of 3.41 % per year.
DAMPAK VOLATILITAS HARGA MINYAK DI INDONESIA TERHADAP PENYESUAIAN KESEIMBANGAN FISKAL
Sujai, Mahpud
Jurnal Kajian Ekonomi dan Keuangan Vol 15, No 2 (2011)
Publisher : Badan kebijakan Fiskal
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DOI: 10.31685/kek.v15i2.91
This paper is intended to analyze the effect of oil price changes on potential output and actual output in the state budget cycle and identifies the output gap which is the difference between potential output and actual output. The research methodology uses a quantitative approach to analyze problems that occur related to the impact of oil price changes to the state budget cycle. Data analysis was carried out through the approach cyclically adjusted fiscal balance with a simplified approach. This research identified that the potential output is likely to continue increasing in line with Indonesia's oil price trends which is continue to rise following the world oil price movements. In calculating the output gap using a linear trend and HP filter, the result is fuctuating depend on the percentage changes in both potential output and actual output. This paper concludes that Indonesian oil price (ICP) has a significant impact on changes in the state budget cycle. If oil prices rise, the output gap between potential output and actual output is greater, and vice versa. This will make the budget vulnerable to shock that occurs as an external infuence.