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Wahyu Pramono
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wahyupramono81@gmail.com
Phone
+6281298281995
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jei@isei.or.id
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ISEI Pusat Office, Jalan Daksa IV No. 9, Kebayoran Baru, Jakarta
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Dki jakarta
INDONESIA
Jurnal Ekonomi Indonesia
ISSN : 08541507     EISSN : 2721222X     DOI : -
Core Subject : Economy,
Jurnal Ekonomi Indonesia is a journal published by Ikatan Sarjana Ekonomi Indonesia (ISEI) consists of academic articles on various subject areas including monetary and macroprudential regulation, finance and banking system, international economics, development economics, environmental and natural resource economics. All contents and research studies in the articles of this journal are entirely become the responsibility of the authors and do not represent ISEI’s views.
Articles 110 Documents
The Effect of Economic and Social Infrastructure on Household Food Security in Indonesia Sari, Dyah Wulan; Yudha, Putri Candra Anggi; Restikasari, Wenny
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 2 (2019): December
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i2.4

Abstract

Food is a basic requirement for living things. This study aims to analyze the effects of economic infrastructure, social infrastructure and household characteristics on food security in Indonesia using the Johnsson and Toole (1991) methods. There were 285,908 households studied originating from the 2015 SUSENAS data. The model used in this study was the general ordered logistics model. Based on the results of the study there were 29.51% of food security, 25.12% of vulnerable food, 23.14% of food shortages and 22.33% of households at food insecurity. The results of this study also revealed that ownership of transportation modes, electricity use, fuel use, education of household heads and household health insurance significantly affected food security. The government program in the form of giving poor rice (RASKIN) provides poor results reducing the chance offood security by 11% and increasing the chances of food insecurity by 6%.
Small and Large Firm Performance Gaps in Indonesia: Evidences from the 1981–2008 Indonesian Manufacturing Ari Kuncoro
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.10

Abstract

This study aims to examine the impacts of globalization on the performance gap between small and large firms in Indonesia, specifically in the manufacturing sector. First, the study addresses whether there are performance differentials between small and large firms, and if so, whether such gap is increasing while controlling for firm characteristics such as age, finance, export orientation, industry, and macroeconomic indicators. Second, the study discusses whether the opening of domestic market through trade and FDI liberalization affect firms disproportionately with respect to firm size. The study highlights such impacts amid successive economic reforms from 1986 to 1994. The empirical results suggest that opening the economy through market liberalization increased the productivity and wages gaps between large and small firms before it stabilized. Factors such as industrial agglomeration, financial access, export orientation have minimal impact on firms. The findings also suggest that while empirically, small firms benefit from more open trade regime after Asian financial crisis, the medium and large firms have more chance to benefit from the liberalization of the economy in general. Policy implications are also further explored.
Analysis of El Ni˜no Impact and the Price of Food Commodities on Inflation Bronson Marpaung; Hermanto Siregar; Lukytawati Anggraeni
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.11

Abstract

Volatile foods are a concern because this group is a significant contributor to inflation. Food production is very vulnerable to supply disruptions such as El Ni˜no weather and other weather disturbances. This study analyzes the influence of El Ni˜no on food Commodities and, inflation, in 25 provinces in Indonesia in 2008–2015 using the data panel method. The dependent variable in this study is inflation. While the independent variables are food commodities such as Prices of Chili, Onions, Rice, Soybeans, Corn, El Ni˜ no, and Inflation. El Ni˜no and the price of food commodities have a positive and significant effect on inflation.
Policy Options to Remove Export Barriers Encountered by Indonesian SMEs Mohamad Dian Revindo; Sri Mulyani Indrawati; Natanael Waraney Gerald Massie
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.12

Abstract

Indonesian SMEs are less able to take advantage of free trade and globalization than their large counterparts, contributing only a small share of non-oil and gas exports. This study investigates the export barriers faced by SMEs. Primary data was obtained from survey questionnaires to SMEs in seven provinces in Java, Madura and Bali regions and central government agencies whose policies are related to SMEs and/or international trade. The survey yielded 533 usable responses, including 271 exporting SMEs, 226 non-exporting SMEs and 36 central government agencies. The findings show that the effectiveness of export assistance programs vary across types of assistance and levels of government. Further, policymakers and SMEs had different perceptions on the severities of each type of export barrier. The practical implications of the findings are provided.
The Future of Indonesian Food Consumption Bustanul Arifin; Noer Azam Achsani; Drajat Martianto; Linda Karlina Sari; Ahmad Heri Firdaus
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.13

Abstract

This study aims to develop a model of the future of Indonesia’s food consumption up to 2045, using a baseline of food consumption in 2017 and projections to 2025 as milestones, and to draw policy relevance on food and related issues for the next Medium-Term Development Planning of 2020–2024. The projected demand of Indonesian food consumption is built based on the functional relationship between income and food consumption at the baseline using three different scenarios of economic growth: baseline, moderate, and optimistic. Method of Almost Ideal Demand System (AIDS) was implemented to estimate changes of food consumption. Susenas data from 2017 is used as the baseline of food demand model. Susenas data from 1990–2016 is used to analyze selected food consumption trends and the relationship between food consumption, price trends, and income in all 33 provinces of Indonesia. The results show that future food demand in Indonesia is determined by existing demand, income, price and its composition, and various other factors that affect the behavior and trends of consumption. The policy should focus on the balance between demand-side management and supply-side or productivity improvement, as the majority of food production centers are located in Java.
Macroeconomics Post-GFC Iwan Jaya Azis
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.14

Abstract

The core model of macroeconomics we teach in colleges and universities uses incredible assumptions to reach absurd conclusions. Among those assumptions are, no financial frictions such as credit rationing, individuals had rational expectations or acted as if they did, and representative agent to represent an aggregation of firm or household sector whose optimizing behaviors are micro-founded. With no financial frictions, the model fails to explain a major event such as the 2008 GFC. Why small shocks can have very large effects (amplification) that last so long (persistence), and why deep downturns can occur repeatedly with powerful spillovers and contagion effects? Constructed for analyzing only small fluctuations, the current core model is likely to provide little guidance as to what should be done in response. In this paper, I argue that the key problem with the current macroeconomics is the superficiality of its treatment towards financial sector. It is shown that financial frictions played a significant role in capital flows fluctuations, external shocks created channels of spillover and contagion across countries and across asset classes, capital flows with the presence of financial frictions made monetary policy more challenging, and they could be detrimental to financial stability and the distribution of income. Corrections and adjustments to existing core macroeconomic model should be based on empirical evidence and how the economy works, not on the esthetic riddles of established paradigm.
Significant Effect of the Central Bank Digital Currency on the Design of Monetary Policy Muhammad Edhie Purnawan; Retno Riyanti
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.15

Abstract

Entering the millennial era, technology has taken a big role in most sectors of life, including the currency as a product that can only be issued by the central bank. This paper examines the significant effect of central bank digital currency (CBDC) on the design of central bank monetary policy. The paper then sets out some benchmark central bank digital currency (CBDC) in several countries. Many central banks are actively exploring the initiation of sovereign digital currencies. Primary results this study is CBDC providing new monetary instruments, CBDC can improve financial inclusion, and CBDC is potential improvements in monetary policy transmission.
Income and Education as the Determinants of Anti-Corruption Attitudes: Evidence from Indonesia Anita K. Zonebia; Arief Anshory Yusuf; Heriyaldi Heriyaldi
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.16

Abstract

A higher level of corruption is found to be associated with a lower level of income in most cross-country studies. However, at any given income level, education can also be a very important determinant of the level of corruption, and failing to include education may bias or overestimate the importance of income. We estimated an empirical model of an individual’s attitude toward anti-corruption using a large sample of 9,020 individuals who represent the Indonesian population and found that the effect of income (measured by expenditure) is either weakened or eliminated when we controlled for the level of education. The effect of education is also found to exhibit a nonlinear pattern, which implies that investing in education will have increasing returns in the form of an anti-corruption attitude. This finding supports the view that increasing access to education is an effective measure to reduce corruption norms, particularly in developing countries.
Unequal Developments in Indonesia’s Digital-Based Economy and Its Implications Sri Adiningsih; Stri Nariswari Setiaji; Sofian Rendy Ardiansyah
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.17

Abstract

Despite having emerged for just some years, the development and growth of the digital-based economy in Indonesia is exponential. This study uses the Purposive Random Sampling and Descriptive Analyses method to assess the developments of the digital-based economy in several provinces in Indonesia. The Java-Bali region is more advanced in its digital-based economy compared to other provinces in Indonesia due to its infrastructure, human resources, and government policies which are more supportive. The inequalities between provinces remain a concern for it may directly correlate to a corresponding increase in disparity. Digital-based economy, if it is well-equipped with infrastructure and well-supported by local government, may serve as a balm given its potential as a tool to raise prosperity and equality in society. It will help prepare and equip those in remote rural areas, known as the bottom of the pyramid.
Micro and Small Industries and the Use of Internet: Findings from Indonesian Tambunan, Tulus Tahi Hamonangan
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 2 (2019): December
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i2.20

Abstract

This study aims to examine the development of Indonesian micro and small enterprises in the manufacturing industry (called micro and small industries/MSIs) in utilizing the internet for their businesses. By nature, this is a descriptive study, which analyses secondary data. It also reviews key literature on the use of ICT by micro, small, and medium enterprises (MSMEs) in developing countries. It shows that MSMEs, dominated by micro and small enterprises (MSEs), has been the leading player in Indonesian domestic economic activities as they accounted for more than 90 percent of all firms and contributed to more than 50 percent of gross domestic product (GDP). But, only a small fraction of these enterprises in Indonesia that utilize the internet for business, and the intensity of internet usage varies by province and type of business. This is the first macro-level studyever conducted in Indonesia on the use of the internet by MSEs across sectors based on national data from the 2016 Economic Census conducted and data on the 2016 survey on MSEs in the manufacturing industry (MSIs). Thus, the findings of this study may add new empirical evidence to the literature on the utilization of ICT by MSMEs in developing countries.

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