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Economics and Finance in Indonesia
Published by Universitas Indonesia
ISSN : 0126155X     EISSN : 24429260     DOI : 10.47291
Core Subject : Economy,
EFI mainly covers original idea related to the Economics and Finance in Indonesia. Published articles can be either theoretical, empirical, or in between of those two polar variants.
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Articles 5 Documents
Search results for , issue "Volume 61, Number 1, April 2015" : 5 Documents clear
The Role of Speculative Factor in the Indonesian Stock Price Determination Soemarso Slamet Rahardjo
Economics and Finance in Indonesia Volume 61, Number 1, April 2015
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (268.879 KB) | DOI: 10.47291/efi.v61i1.498

Abstract

This study observes the speculative element in the price determination and its mean reverting pattern. The existence of speculative element in the Indonesian stock market price determination was proven. Exponential Generalized Auto Regressive Conditional Heteroscedasticity (EGARCH) method indicates the non-stationary process of the residuals. There are systematic as well as unsystematic component embedded in the speculative behavior. Vector Error Correction Model (VECM) concludes that prices contain volatilities in the short run, but, it will revert to the mean in the long run. Investors’ behavior are neutral toward expected gain vis a vis losses in a stock trading.
Accumulation, Development, and Exploitation in Different Colonial and Post-Colonial Contexts: Taiwan, Indonesia and the Democratic Republic of the Congo, 1900-80 Anne Booth
Economics and Finance in Indonesia Volume 61, Number 1, April 2015
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (594.406 KB) | DOI: 10.47291/efi.v61i1.494

Abstract

The Belgian Congo (Zaire, now the Democratic Republic of the Congo), the Netherlands Indies (Indonesia), and Taiwan/Formosa (now the Republic of China) experienced policies during the 19th and early 20th century which could be termed exploitative or extractive, although some policies in these colonies could also be termed developmental. All three colonies had a troubled passage to independence, and the immediate post-independence era was marked by considerable political and economic turmoil. But the growth performance of the three former colonies has been very different. Taiwan has seen very rapid growth sustained over decades; Indonesia’s economic growth since 1970 has been quite robust; the Congo has seen a growth collapse which is extraordinary even by African standards. The paper suggests some explanations for this divergence in terms of policies pursued by the Japanese, Dutch and Belgian colonial regimes, and by postindependence governments in these countries.
Pragmatism and Nationalism: Industrialization Policy in Indonesia and Nigeria Ahmad Helmy Fuady
Economics and Finance in Indonesia Volume 61, Number 1, April 2015
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (227.64 KB) | DOI: 10.47291/efi.v61i1.495

Abstract

This paper examines industrialization policy in two oil giant economies, Indonesia and Nigeria. What are the key features of continued economic divergence in these two countries since the 1980s? It shows that Indonesia’s policy-makers adopted a series of liberalization measures and switched to an export-oriented strategy to develop manufacturing industries from the mid-1980s, while Nigeria’s policy-makers was reluctant to do so. This paper also seeks to understand the rationale behind the different policy choices. This paper argues that policy-makers’ experience and educational background are possible explanation to the different industrialization policies in these two countries.
The Indonesian Economy from the Colonial Extraction Period until the Post-New Order Period: A Review of Thee Kian Wie’s Major Works Maria Monica Wihardja; Siwage Dharma Negara
Economics and Finance in Indonesia Volume 61, Number 1, April 2015
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (142.209 KB) | DOI: 10.47291/efi.v61i1.496

Abstract

This paper reviews some major works of Thee Kian Wie, one of Indonesia’s most distinguished economic historians, that spans from the Colonial period until the post-New Order period. His works emphasize that economic history can guide future economic policy. Current problems in Indonesia were resulted from past policy failures. Indonesia needs to consistently embark on open economic policies, free itself from "colonial period mentality". Investment should be made in rebuilding crumbling infrastructure, improving the quality of health and education services, and addressing poor law enforcement. If current corruption persists, Indonesia could not hope to become a dynamic and prosperous country.
Indonesia’s Dynamic Electricity Power Sector: Investigating Need and Supply Performance Latif Adam; Maxensius Tri Sambodo
Economics and Finance in Indonesia Volume 61, Number 1, April 2015
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (523.095 KB) | DOI: 10.47291/efi.v61i1.497

Abstract

This paper analyzes the development and problems of electricity sector in Indonesia. After the economic crisis of 1997/98, investment in power sector has been decreasing. Minimizing transmission and distribution loss can increase reliability and quality of power supply, improve financial capacity, and reduce electricity subsidy. Electrification ratio and electric power consumption per capita need to be improved equally among provinces. Promoting public private partnership (PPP) can boost investment. Main policy challenges need to be addressed are that government needs to (1) provide information on the investment prospects; (2) solve social aspect of the project; and (3) provide practical guide in land acquisition.

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