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INDONESIA
Economic and Finance in Indonesia
Published by Universitas Indonesia
ISSN : 0126155X     EISSN : 24429260     DOI : -
Core Subject : Economy, Education,
Economics, Econometrics & Finance Education
Aims & Scope 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. The journal covers specific areas, including but not limited to: Agricultural Economics Capital Market Demography Development Economics Economy in Crisis Economy of Rural Areas Education Economics Energy Economics Environmental and Natural Resources Economics Financial Sector Health Economics History of Economic Thoughts Industrial Economics Institutional Aspect of Economy International Economics Investment Labor Economics Maritime Economics Methodology of Economics Monetary Economics Political Economics Poverty Economics Public Policy Public Sector Economics Regional Economics Urban Economics
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 5 Documents
 1 
Search results for , issue "vol. 70, no. 2" : 5 Documents clear
Spillover Effects and Political Yardstick Competition in Local Public Spending in Indonesia Akbar, Muhammad Reyhan; Muljarijadi, Bagdja
Economics and Finance in Indonesia Vol. 70, No. 2
Publisher : UI Scholars Hub

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Abstract

This study aims to test the presence of spillover effects and political yardstick competition in both mandatory and discretionary spending among local governments in Indonesia. A spatial econometrics model was employed to evaluate data from 410 districts/municipalities in Indonesia from 2010 to 2018. The findings confirm spillover effects in spending decisions among local governments. The empirical analysis also reveals that political factors drive horizontal interactions in mandatory spending, while such influences are absent in discretionary spending.
Perceived Problem, Partnership, and Training Effect on Productivity and Export: Evidence from Micro and Small Manufacturing Firms in Indonesia Afin, Rifai
Economics and Finance in Indonesia Vol. 70, No. 2
Publisher : UI Scholars Hub

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Abstract

The primary objectives of this study are threefold: first, to investigate whether the challenges faced by micro and small industries motivate them to enter into partnerships; second, to assess the impact of partnerships on company productivity; and third, to explore the causal relationship between productivity and exports. We aim to determine whether productivity influences exports and vice versa or if a two-way relationship exists. The data used in this study consists of annual survey data from micro and small manufacturing companies, randomly collected by the Central Statistics Agency (BPS) in 2015, with a total sample of 58,290 observations. The methodologies employed include Propensity Score Matching (PSM) to address endogeneity and selection bias issues when measuring the impact of partnerships on productivity. In addition, the Structural Equation Modeling (SEM) framework involves logit regression estimation to assess whether perceived problems influence decisions regarding partnerships and training. The second stage of our analysis employs Two-Stage Least Squares (2SLS) estimation to investigate the simultaneity of productivity and exports. The results indicate that issues related to capital and raw materials significantly motivate companies to engage in partnerships, both in a general context and specific concerning capital and raw materials. Conversely, marketing issues do not significantly influence on marketing partnerships, although they do play a significant role in fostering general partnerships. Meanwhile, issues related to workforce skills do not appear to impact a company’s decision to engage in partnerships or conduct training programs. In terms of production and export estimation, general and specific partnerships demonstrated significantly higher positive impacts on productivity for companies that engage in these collaborative efforts. The 2SLS estimates support the findings from the PSM analysis, confirming that general and specific partnerships improve productivity. Furthermore, the simultaneous relationship estimation reveals a bidirectional relationship between productivity and exports.
Financial Inclusion in Indonesia: An Analysis of Determinants of Bank Account Ownership and Credit Access at Individual and Regional Levels Sahputri, Rindi Ardika Melsalasa; Sujarwoto, Sujarwoto; Sihombing, Septiana; Njoman, Muhamad Galy
Economics and Finance in Indonesia Vol. 70, No. 2
Publisher : UI Scholars Hub

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Abstract

Financial inclusion is widely recognized as a key driver of economic prosperity, yet many countries face considerable challenges in achieving it. This study empirically explores financial inclusion in Indonesia, focusing on bank account ownership and credit access, with the primary objective of identifying their determinants through a comparison of individual- and regional-level factors. Individual-level factors cover sociodemographic characteristics, poverty, and income inequality, while regional-level factors include regional economic development and financial infrastructure. Data were sourced from the National Socio-Economic Survey (SUSENAS) and the Village Potential Survey (PODES), consisting of 804,703 samples across 514 districts. A multilevel regression approach, using Generalized Linear Latent and Mixed Models (GLLAMM), was employed to estimate the contributions of these factors to bank account ownership and credit access. Results reveal gaps in credit access and bank account ownership across regions, with individual-level factors emerging as prominent determinants of financial inclusion compared to district-level factors.
Revealing the Dual Dynamics: Transient and Persistent Efficiencies of the Indonesian Provincial Economies Yasin, Mohammad Zeqi; Adli, Fichrie Fachrowi
Economics and Finance in Indonesia Vol. 70, No. 2
Publisher : UI Scholars Hub

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Abstract

We examine the decomposition of technical efficiency components into transient and persistent horizons applied to the 33 provincial economies in Indonesia. Focusing on the post-decentralization era in 2002–2022, we employ Stochastic Frontier Analysis to gauge efficiency dynamics for time-variant and time-invariant evolution. We reveal that the persistent inefficiencies outweigh transient ones, implying the persistent inefficient behavior of Indonesian provinces. We also capture that East Nusa Tenggara and several provinces in Eastern Indonesia show the most lagged-behind in terms of persistent inefficiency severity, suggesting necessity of structural changes through more strategic and specific development models beyond mere heterogeneous input reallocation.
How Millennials Make Investment Decisions: Financial Literacy and Financial Behavior Tamara, Dewi; Maharani, Anita
Economics and Finance in Indonesia Vol. 70, No. 2
Publisher : UI Scholars Hub

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Abstract

This study investigates the effect of financial literacy, financial attitude, risk perception, and financial behavior on investment decisions. Employing a survey method with 342 respondents in Jakarta, the findings reveal that financial literacy has a negative and insignificant effect on investment decisions. In contrast, risk perception plays a crucial role in influencing investment decisions. Furthermore, financial behavior has an indirect mediating effect between financial literacy and risk perception on investment decisions but does not affect financial attitude. This study concludes that risk perception and financial behavior are important factors in investment decisions. Future research may consider incorporating other variables such as herding behavior or overconfidence.

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