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INDONESIA
Journal of Indonesian Economy and Business
Published by Universitas Gadjah Mada
ISSN : 20858272     EISSN : 23385847     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Journal of Indonesian Economy and Business (JIEB) is open access, peer-reviewed journal whose objectives is to publish original research papers related to the Indonesian economy and business issues. This journal is also dedicated to disseminating the published articles freely for international academicians, researchers, practitioners, regulators, and public societies. The journal welcomes author from any institutional backgrounds and accepts rigorous empirical or theoretical research paper with any methods or approach that is relevant to the Indonesian economy and business content, as long as the research fits one of three salient disciplines: economics, business, or accounting.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 989 Documents
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THE INDONESIAN INTER-REGIONAL SOCIAL ACCOUNTING MATRIX FOR FISCAL DECENTRALISATION ANALYSIS Resosudarmo, Budy P.; Nurdianto, Ditya A.; Hartono, Djoni
Journal of Indonesian Economy and Business Vol 24, No 2 (2009): May
Publisher : Journal of Indonesian Economy and Business

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Abstract

Disparities in development have long been a crucial issue in Indonesia. With regard to the new structure of the Indonesian government, it is of great interest to determine whether Indonesia should further decentralise its budget, and if so, what consequences this would have on the national economy overall. This paper develops a simple economic tool — that is an inter-regional social accounting matrix (IRSAM) multiplier — to analyse the impacts of further decentralising government fiscal policy on regional and national performances.Our simulations show the following. First, reducing gaps among regional economies and boosting the national economy through a higher fiscal transfer strategy might notachieve the same end; i.e. providing a higher transfer to regions that are lagging behind (Sulawesi and Eastern Indonesia) would most likely reduce gaps among regionaleconomies, but might impact negatively on the national economy overall. Second, in general, a more decentralised fiscal system would benefit households in Sulawesi andEastern Indonesia, whereas the same cannot be said for Java-Bali, Sumatra, and Kalimantan. Third, impacts of further fiscal transfers on labour income vary considerably depending on the region and type of labour.Keywords: regional economy, fiscal decentralisation, Social Accounting Matrix
DETERMINANTS OF EMPLOYEES’ ATTITUDE TOWARD UNION MEMBERSHIP (Study Case In A Logistics Company In Indonesia) Dewantoro, Ranggapati Siswara; Sobri, Riani Rachmawati; Syaebani, Muhammad Irfan
Journal of Indonesian Economy and Business Vol 28, No 2 (2013): May
Publisher : Journal of Indonesian Economy and Business

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Abstract

This research examines the determinants of employees’ attitude toward union membership.These factors are represented by job-related predictor such as; employees’ jobdissatisfaction, job stress, and consultative managerial style. Apart from these job-relatedpredictor variables, the cultural orientation played a role in this research such as;individualism and collectivism both horizontal and vertical. After performing resgressiontesting, the result shows that almost all variables are affecting employees’s attitude towardunion membership except horizontal collectivism variable.Keywords: work dissatisfaction, work stress, consultative managerial style, individualism,collectivism, employees’ attitude toward union membership
MENGEJAR PERINGKAT HDI*) NEGARA-NEGARA DI LINGKUNGAN ASEAN: Bechmarking Indonesia dan Vietnam Suryadi, Ace
Journal of Indonesian Economy and Business Vol 23, No 1 (2008): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

This article is to aim at scrutinizing factors that have explained the extent to which magnitude and rank of the Human Development Index of Indonesia had or had not improved in the last 8 year. Within this period, the Indonesia’s HDI has been consistently ranked at the 7th position after Vietnam’s, and Indonesia has won the race with this country only in 2004 and 2006.Nevertheless, Indonesia has a great potential to manage some measurable improvement through learning from other ASEAN countries’ experiences. Vietnam is the immediate choice for Indonesia to benchmark for the future HDI improvement. In the HDI 2007, Indonesia is already in favor in three out of the four indicators used to constitute the composite HDI, such as Literacy, Combine GER, and GDP per-capita, whereas Vietnam only is in the life expectancy. In the absence of weighting in the process of compositing the index, Indonesia has to accept the fact that its HDI is lower than that of Vietnam. In the future Indonesia needs being well organized and better coordination in managing HDI improvement affairs to make sure that the right data are timely collected and reported and the better policies on human development are implemented for more Jurnal Ekonomi dan Bisnis Indonesia, Vol 23 No.1,Januari 2008 effective human development programs.Keywords: Angka Harapan Hidup, Angka Melek Aksara, Human Capital, Human Development Index, Manpower Requirement Approach, Partsipasi Pendidikan, Pendapatan Perkapita, Rights Base Approach.
THE SIGNIFICANCE OF ISLAMIC ECONOMICS STUDY IN DISCIPLINE OF MODERN ECONOMICS Suryani, Suryani
Journal of Indonesian Economy and Business Vol 27, No 1 (2012): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

The development of Islamic economic practices in Indonesia shows an encouraging fact. Since the last fifteen years, the development of Islamic economic discourses in Indonesia has attracted the attention of many academicians and practitioners. From the academic view, the development of Islamic economics is marked by many educational institutions that offer training programs and courses of Islamic economics. Islamic economics study should lead to formation and internalization of Islamic values in the economiclife. Therefore, the suitable teaching method to increase the quality of Islamic economics is competency-based curriculum that combines textual and contextual approach. Both approaches should be incorporated in formal and nonformal education. Thus the development of Islamic economics are expected to line between conceptual and business practices in accordance with recent guidance that will eventually form an Islamic economic system truly in accordance with basic principles of sharia.Keywords: education, islamic economics.
LOCAL OWN REVENUE MOBILIZATION IN INDONESIA Mahi, B. Raksaka
Journal of Indonesian Economy and Business Vol 26, No 1 (2011): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

Decentralization policy in Indonesia has given an increase of authority to local government in managing their own local finance. One of the characteristics of the decentralization policy is to increase local taxing power, with the objective to optimize local own revenue in supporting local spending. Given the current data observation, it is obvious that many local governments do not have significant local own revenue to support their local spending. This paper-adopting tax elasticity method-attempts to evaluate the present local own revenue optimization. Furthermore, by adopting a decomposition of tax elasticity, this paper also attempts to elaborate factors affecting local own revenuecollection.The estimated local own revenue elasticity show that most taxes and user charges, which are the main sources of local own revenue, are considered not a buoyant tax. Moreanalysis using a decomposition of tax elasticity shows that tax to base elasticity is weak, suggesting that local governments need to improve discreationary tax changes at local level, such as local base changes, collection changes, and enforcement changes. The analysis also shows that some local tax bases are not responsive to the economic growth, which leads to the recommendation to improve local business environment, such as streamlining local regulations and reducing harmfull local taxes and user charges.Keywords: local finance, local government owned revenue, fiscal decentralization, local tax elasticity, local tax base, nuisance local taxes, local economic growth
POVERTY AS CHILD LABOR INTERNAL MIGRATION’S DETERMINANT Nurwita, Eva; Rinaldi, Rullan
Journal of Indonesian Economy and Business Vol 24, No 3 (2009): September
Publisher : Journal of Indonesian Economy and Business

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Abstract

Migration is an unavoidable problem for economic development in third world countries. Indonesia is an archipelagic country with high viscosity population internalmigration. Over flooding wave of internal migration from periphery region to the core of growth poles increases the spatial disparities between regions. Not only for the labor force at their productive age, empirical evidences revealed the fact that the wave also involved children to work as child labor. This research tries to estimate how poverty in periphery determines the wave of migration toward urban agglomeration region at their core. Using data from the Indonesian Census 2000 for Java Island, global spatial effect and local statistics was estimated by spatial econometrics method.Keywords: Child Labor, Internal Migration, Spatial Econometrics, urban agglomeration
THE INFLUENCE OF INDIVIDUAL AND SITUATIONAL FACTORS ON LOWER-LEVEL CIVIL SERVANTS’ WHISTLE-BLOWING INTENTION IN INDONESIA Winardi, Rijadh Djatu
Journal of Indonesian Economy and Business Vol 28, No 3 (2013): September
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Abstract

The purpose of this research is to examine empirically the influence of individual andsituational factors on the whistle-blowing intentions among lower-level civil servants in Indonesia.This research proposes a conceptual model where individual and situational factors influencethe whistle-blowing intention among lower-level civil servants. More precisely this studyused three variables as individual factors based on the theory of planned behaviour (the attitudetoward whistle-blowing, the subjective norm, and the perceived behavioural control).Two vignettes were used to manipulate three situational factors (the seriousness of wrongdoing,the status of the wrongdoer, and the personal cost of reporting). A survey questionnaire wasdistributed to 106 civil servants from government institutions in Indonesia by using conveniencesampling. There are six hypotheses that were tested by using multiple regression analysis.This research found that individual and situational factors successfully predicted a whistleblowingintention. Specifically, research results indicate there are five antecedents of whistleblowingintention among lower-level civil servants in Indonesia labelled: the attitude towardwhistle-blowing, the subjective norm, the perceived behavioural control, the seriousness ofwrongdoing, and the status of the wrongdoer. Further implications for practice and researchare also discussed.Keywords: whistle-blowing intention, lower-level civil servants, theory of planned behaviour,individual factors, situational factors.
A CRITICAL REVIEW OF THE LINK BETWEEN SOCIAL CAPITAL AND MICROFINANCE IN INDONESIA Nugroho, Agus Eko
Journal of Indonesian Economy and Business Vol 23, No 2 (2008): April
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Abstract

Literatur meyebutkan bahwa metode kredit mikro secara kelompok (group lending method) dapat meghasilkan tingkat pengembalian yang tinggi karena berfungsinya modal social (social capital), seperti kekerabatan dan kerja-sama antar anggota kelompok, serta adanya sangsi kelompok (peer sanctions). Studi ini mengidentifikasi keterkaitan antara modal sosial dan keuangan mikro di Indonesia. Ada dua kesimpulan yang dapat diambil.Pertama, metode kredit secara kelompok di Indonesia masih jauh dari memuaskan karena kecilnya skala operasional. Disamping perkembankan kredit kelompok di Indonesia juga masih tergantung pada keberadaan subsidi dari pemerintah maupun lembaga donor lainnya.Kedua, kredit mikro yang mendasarkan pada modal sosial tidak harus mrenggunakan metode kredit kelompok. Kredit mikro yang diberikan secara individual, seperti BRI unit desa dan BKK, menunjukan perkembangan yang baik karena mengaitkan kredit denganmodal-modal sosial di masyarakat. Dalam hal ini kredit mikro yang disalurkan dengan cara memperkuat rasa saling mempercayai (mutual trust), kekerabatan antara peminjam dan petugas bank, serta keterlibatan tokoh masyarakat dapat menghasilkan tingkatpengembalian yang baik. Hal ini dimungkinkan karena modal-modal sosial tersebut dapat memperkuat loyalitas, dan memberi insentif kepada peminjam untuk berlaku jujur, dan mengembalikan kredit yang telah diberikan.Keywords: Indonesia, Microfinance, Social Capital.
THE INFLUENCES OF JAVANESE CULTURE IN POWER OF MAKING DECISIONS IN INDONESIAN UNIVERSITIES: CASE STUDIES IN MM PROGRAMMES Santoso, Budi
Journal of Indonesian Economy and Business Vol 27, No 2 (2012): May
Publisher : Journal of Indonesian Economy and Business

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Abstract

This study aims to explore the influence of Javanese cultural values in power of the processes of making decisions in the Indonesian university settings. The case-study methodis used in this study. The choice of particular universities in Yogyakarta and Surakarta to be studied is based on a number of criteria, namely, location in central Java, accredited and non-accredited institutions, similarity of programmes and the year of foundation, and ease of access by this study, to obtain one-to-one interviews. The findings show that Javanese cultural values, including loyalty to the top level of the hierarchy, obedience to superiors and the desire for conflict avoidance are power to control the decision-making processes in the universities. Furthermore, the practice of using that power is maintained because of social acceptance. However, the findings do not represent a model of the healthy institution in which autonomy and empowerment are emphasized on.Keywords: Javanese culture, founding fathers, loyalty, obedience, seniority, and case study
DO OVERCONFIDENT INVESTORS TRADE EXCESSIVELY IN THE CAPITAL MARKET? EVIDENCES IN AN EXPERIMENTAL RESEARCH SETTING Kufepaksi, Mahatma
Journal of Indonesian Economy and Business Vol 26, No 2 (2011): May
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Abstract

The existence of overconfident investors in capital markets has been the subject of much researches in the past. Using the market data, these previous researches demonstrates that overconfident investors tend to trade excessively, leading to losses. The current experimental research addresses these issues in the Indonesia Capital Market. According to its methodology, participants are classified into three groups based on their score of overconfidence: moderate, more overconfident, and less overconfident investors. The research design employs the state of no available market information, good news signals, and bad news signals as treatments. The result demonstrates that the more overconfident investors perform higher trading value than those who are less overconfident in all artificialmarkets leading to transaction losses, except that in the bad news market. In that bad news market, the more and the less overconfident investors gain profits, and the moderateinvestors suffer from trading losses.Keywords: overconfidence, excessive trading, profit and loss

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