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Economics and Finance in Indonesia

efi
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Published by Universitas Indonesia

ISSN : 0126155X EISSN : 24429260 DOI : 10.47291

Core Subject : Economy,

Economics, Econometrics & Finance

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 62, Number 1, April 2016" : 5 Documents clear

Financial Integration in ASEAN-5 Laura Grace Gabriella; Revathy Suryanarayana; Vania Esady
Economics and Finance in Indonesia Volume 62, Number 1, April 2016
Publisher : Institute for Economic and Social Research

The financial integration in South East Asia has varied over time. This paper focuses on three periods: before, during, and after the global financial crisis in 2008. This paper finds that ASEAN-5 countries have indeed taken a step towards financial integration. While we do not observe any (cointegrating) long-run relationships between the ASEAN-5 countries, we find that there has been a significant increase in the volatility spillovers between them. This is particularly true in the recovery period following the global financial crisis. AbstrakIntegrasi keuangan di Asia Tenggara telah mengalami perubahan dari waktu ke waktu. Penelitian ini berfokus pada tiga periode waktu, yaitu pada sebelum, saat, dan setelah Krisis Keuangan Global tahun 2008. Hasil penelitian ini menemukan bahwa negara ASEAN-5 memiliki kecenderungan kearah integrasi keuangan. Walaupun kami belum melihat adanya hubungan jangka panjang dari kelima negara tersebut, namun kami menemukan adanya peningkatan signifikan dari volatility spillover diantara mereka. Hal ini khususnya benar terjadi sepanjang periode pemulihan dari Krisis Keuangan Global.Kata kunci: Integrasi Keuangan; Krisis Keuangan Global; ASEAN; GARCHJEL classifications: F21; F33

What are the Challenges in Designing An Effective Personal Income Tax System? Raeni Raeni; Astika Sari
Economics and Finance in Indonesia Volume 62, Number 1, April 2016
Publisher : Institute for Economic and Social Research

This article aims to examine the challenges of designing individual’s income tax systems in general and particularly to observe taxpayers’ behaviour in developing countries. This study used case study approach to gain in depth understanding type of taxpayers’ attitude towards personal income tax systems. Based on the analyses, tax behaviour, which comprises the perception of fairness and motivation to comply, attracts urgent challenges in designing effective tax on personal income in every country and mainly underdeveloped countries. Every human being in each country has their social pattern towards tax policy. When the individual perception of fairness is significant, it will harmonise the ’client and service approach’ between taxpayers and governments. This condition would influence tax morale of individuals to comply with the policy and achieve high compliance rate. Therefore, it has argued that personal view of fairness and their motivation to comply with tax systems are becoming vital challenges in designing the tax policy on individual income. AbstrakArtikel ini bertujuan untuk menginvestigasi tantangan-tantangan yang dihadapi dalam merancang sistem perpajakan untuk wajib pajak orang pribadi dan secara khusus menganalisa perilaku wajib pajak di negara-negara berkembang. Penelitian ini menggunakan pendekatan studi literatur untuk mendapatkan secara mendalam jenis perilaku wajib pajak penghasilan orang pribadi. Berdasarkan hasil analisis terkait perilaku pajak, yang terdiri dari persepsi keadilan dan motivasi untuk mematuhi memberikan tantangan tersendiri dalam merancang pajak yang berlaku atas penghasilan pribadi di setiap negara dan terutama negara-negara berkembang. Setiap individu memiliki pola yang berbeda ketika berinteraksi terhadap kebijakan pajak. Ketika persepsi individu terhadap keadilan adalah signifikan, hal itu akan menyelaraskan pendekatan ’client and service’ antara pembayar pajak dan pemerintah. Kondisi ini akan memengaruhi semangat individu untuk mematuhi kebijakan dan mencapai tingkat kepatuhan yang tinggi. Oleh karena itu, asumsi bahwa pandangan individu terhadap keadilan dan motivasi untuk mematuhi sistem pajak menjadi tantangan penting dalam merancang kebijakan terhadap wajib pajak orang pribadi.Kata kunci: Pajak Penghasilan Orang Pribadi; Prinsip Keadilan; Moral Wajib PajakJEL classifications: E63

Middle Class and Democracy: An Assessment on the 2014 Indonesian’s Presidential Election Maxensius Tri Sambodo
Economics and Finance in Indonesia Volume 62, Number 1, April 2016
Publisher : Institute for Economic and Social Research

This paper aims to assess the role of middle class in Indonesia’s democracy, with the particular focus of the last Indonesian Presidential election. This study uses econometric analyses to assess preferences of middle class in presidential election by exploring data at district/city and provincial. The main finding in this study strongly suggests that religious and personality are still important elements under the race of Indonesia president. This study also found that different group of middle class has different attitudes in selecting the presidential candidate and the upper group of middle class is more likely to select Joko Widodo. Finally, a fragile middle class and a relatively high number of abstainers could be a barrier toward more substantive democracy.AbstrakMakalah ini bertujuan untuk menganalisis peran kelompok kelas menengah dalam proses demokrasi di Indonesia, secara khusus peran mereka difokuskan pada hasil pemilihan presiden yang terakhir. Studi ini menggunakan pendekatan ekonometrik untuk mengalisis preferensi kelompok kelas menengah dalam memilih calon presiden, dengan melakukan eksplorasi data pada tingkat kabupaten/kota dan provinsi. Hasil studi menunjukkan, agama dan personalitas calon presiden menjadi faktor penting dalam pertarungan pemilihan presiden. Studi ini juga menunjukkan, berbagai kelompok dalam kelas menengah memiliki preferensi yang berbeda dalam memilih kandidat presiden dan kelompok kelas menengah atas cenderung memilih Joko Widodo. Akhirnya, kelas menengah yang rentan dan tingginya kelompok yang abstain, akan menjadi hambatan untuk menuju demokrasi yang lebih substantif.Kata kunci: Kelas Menengah; Demokrasi; Pemilihan Presiden; IndonesiaJEL classifications: A12; C33

Determination of Competition Conventional Bank in Banking Industry in Indonesia Ciplis Gema Qori’ah; Mochammad Ridwan G.; Adhitya Wardhono; Ika Nurjannah
Economics and Finance in Indonesia Volume 62, Number 1, April 2016
Publisher : Institute for Economic and Social Research

The aim of this study is to determine the level of concentration and competition behavior of conventional commercial banks in the national banking industry. This study focuses on descriptive analysis and quantitative analysis using panel data regression for 9 conventional commercial banks during 2003–2014. Results of eclectic analysis are supposed that behavior of banks is less competitive due to high levels of concentration in the banking industry. While the results of panel data regression show that the variables of bank interest expense, operating expense, other operating incomes and variable of loanable funds significantly affect the income of conventional banks.AbstrakTujuan dari penelitian ini adalah untuk mengetahui tingkat konsentrasi dan perilaku persaingan bank umum konvensional yang terdapat di industri perbankan nasional. Penelitian ini memfokuskan pada analisis deskriptif dan analisis kuantitatif dengan menggunakan regresi data panel dengan sampel 9 bank umum konvensional selama 2003–2014. Hasil analisis menunjukkan bahwa perilaku bank kurang kompetitif karena tingkat konsentrasi yang tinggi di industri perbankan. Sedangkan hasil menunjukkan regresi data panel bahwa variabel beban bunga bank, beban operasional, pendapatan operasional lainnya, dan dana pinjaman signifikan berpengaruh pada pendapatan bank konvensional. Kata kunci: Kompetisi Bank; Regresi Data Panel; Industri PerbankanJEL classifications: B21; C23; L80

The Impact of Lagging-Region Status on District Poverty in Indonesia Rus’an Nasrudin
Economics and Finance in Indonesia Volume 62, Number 1, April 2016
Publisher : Institute for Economic and Social Research

Reducing subnational imbalances of development progress is unquestionable policy for heterogeneous Indonesia. This paper examines the impact of policy that assigns a lagging-region status namely status daerah tertinggal (DT) on poverty rate and poverty gap among districts in Indonesia in the two period of SBY presidency. The panel data fixed effect combined with propensity score matching is used to tackle the selection bias due to the nature of the policy, unobserved heterogeneity and omitted variable bias. The results show that the lagging-region status that was aimed to mainstream central and district’s budget toward lagging regions statistically significant reduces poverty rate and poverty gap in the period. The DT status, on average is associated with 0.75 percentage point of reduction in the poverty rate and 7% reduction in the poverty gap index. AbstrakMenurunkan ketimpangan antar-daerah adalah sebuah agenda kebijakan yang niscaya untuk Indonesia yang majemuk dalam kemajuan ekonomi. Artikel ini berusaha mengukur dampak dari sebuah kebijakan penetapan daerah tertinggal terhadap dua ukuran kemiskinan, yaitu tingkat kemiskinan dan kedalaman kemiskinan pada dua periode masa jabatan Presiden SBY. Metode yang dipergunakan adalah panel data fixed-effect dikombinasikan dengan propensity score matching untuk mengatasi permasalah endogen pada variabel utama yaitu bias dalam seleksi terhadap kebijakan, keragaman daerah yang tidak dapat diukur, dan potensi bias karena ketiadaan variabel-variabel yang berpengaruh terhadap dua ukuran kemiskinan. Hasil pendugaan regresi tersebut menunjukkan bahwa penetapan daerah tertinggal yang ditujukan untuk mengarusutamakan dana pembangunan secara statistik signifikan dan menyebabkan penurunan tingkat kemiskinan dan kedalaman kemiskinan di masa tersebut. Daerah tertinggal secara rata-rata memiliki tingkat kemiskinan lebih rendah sebesar 0.75 (persentase) dan memiliki indeks kedalaman kemiskinan 7% lebih rendah.Kata kunci: Daerah Tertinggal; Kemiskinan; IndonesiaJEL classifications: I32, P48

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efi@lpem-feui.org

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"Editorial Office of Economics and Finance in Indonesia (EFI) Institute for Economic and Social Research (LPEM-FEUI) Jl. Salemba Raya No. 4, Jakarta, Indonesia Phone: +62-21-3143177; Fax: +62-21-31934310"

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Home Page

OAI Link

Editorial Team

Contact

Reviewer

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Journal Mail Official efi@lpem-feui.org

Editorial Address "Editorial Office of Economics and Finance in Indonesia (EFI) Institute for Economic and Social Research (LPEM-FEUI) Jl. Salemba Raya No. 4, Jakarta, Indonesia Phone: +62-21-3143177; Fax: +62-21-31934310"

Location Kota depok, Jawa barat INDONESIA

Abstract

Abstract

Abstract

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Abstract

Contact Name
-

Contact Email
-

Phone
-

Journal Mail Official
efi@lpem-feui.org

Editorial Address
"Editorial Office of Economics and Finance in Indonesia (EFI) Institute for Economic and Social Research (LPEM-FEUI) Jl. Salemba Raya No. 4, Jakarta, Indonesia Phone: +62-21-3143177; Fax: +62-21-31934310"

Location
Kota depok,

Jawa barat

INDONESIA