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INDONESIA
Journal of Indonesian Economy and Business
ISSN : 20858272     EISSN : 23385847     DOI : -
Core Subject : Economy,
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.
Articles 989 Documents
FACTORS INFLUENCING THE SUCCESS OF PERFORMANCE MEASUREMENT: EVIDENCE FROM LOCAL GOVERNMENT Primarisanti, Herlina; Akbar, Rusdi
Journal of Indonesian Economy and Business Vol 30, No 1 (2015): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

There were only a few government institutions in Indonesia capable of preparing good accountability reports. Based on the survey conducted in the Special District of Yogyakarta, the study aimed to empirically examine the influencing factors in the development of the measure-ment system of performance, performance accountability and the use of performance informa-tion. Additionally, it also tried to interpret and to explain empirical evidence in the perspective of the institutional theory. The institutional theory was used to find out the extent to which the development of the measurement system of the performance, the performance accountability and the use of the performance information was influenced because of the presence of coercive, mimetic and normative isomorphism phenomena. The study used mixed methods that combined quantitative and qualitative study approaches simultaneously and a sequential explanatory strategy. It used Partial Least Square (PLS) analysis to test the hypotheses. It gave evidence that training, incentives and authority in decision making had significant impacts on the development of the measurement of the performance, the performance accountability and the use of the performance information. It contributed to the understanding of the influencing factors of the development of the measurement system of the performance, the performance accountability and the use of the performance information in order to improve the measurement system of the performance of government institutions.Keywords: performance measurement system, performance accountability, the used of performance information and mixed methods.
Non-Traded Goods and Purchasing Power Parity Deviation: Evidence from ASEAN Countries Widodo, M.Ec.Dev., Tri
Journal of Indonesian Economy and Business Vol 22, No 1 (2007): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

Paper ini menganalisis pengaruh barang-barang tidak diperdagangkan (Balassa-Samuelson effect)terhadap purchasing power parity (PPP) antara empat negara anggota ASEAN– yaitu Singapura,Malaysia, Indonesia dan Philipina- dengan negara mitra dagang utamanya. Tiga metode analisisyang digunakan adalah univariate time series, multivariate regression dan Johansen framework ofmultivariate cointegration. Ketiga metode analisis memberikan kesimpulan yang sama. Pertama,hipotesis PPP tidak terbukti di keempat negara ASEAN. Kedua, keberadaan barang-barang tidakdiperdagangkan berpengaruh signifikan terhadap penyimpangan hipotesis PPP.Keywords: Purchasing Power Parity (PPP), Balassa-Samuelson Effect, Stationary, Multivariate Cointegration.
EVALUASI DAMPAK PROGRAM PENANGGULANGAN KEMISKINAN BERSASARAN DI PROPINSI D.I. JOGJAKARTA Santosa, Awan; Hidayat, Dadit G.; Indroyono, Puthut
Journal of Indonesian Economy and Business Vol 18, No 2 (2003): April
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Abstract

This research tries out the ESCAP’s manual on Impact Evaluation for PovertyAlleviation Program in the province of Yogyakarta Special Region. There are several indicators of program evaluation in this method, i.e.: income indicator, poverty reduction, efficiency in program delivery, financial viability, and other aspects. The program clasified into two categories, Self Employment Program (SEP’s) and Public Work Program (PWP’s). SEP carried out by giving revolving block grant to the poor and PWP is carried out by developing physical building as public utilities. The research produces quantitative estimate of program success/failure, which can be useful to evaluate or to improve the implementation of poverty alleviation programs in the future.Keywords: targeted Poverty Alleviation Program, self employment program, public work program, income generating, poverty reduction, efficiency in programdelivery, financial viability.
TEACHING OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS AND THE PROSPECTS FOR TEACHING IT IN DEVELOPING COUNTRIES: A SURVEY Sanjaya, Muhammad Ryan
Journal of Indonesian Economy and Business Vol 29, No 3 (2014): September
Publisher : Journal of Indonesian Economy and Business

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Abstract

The rising trend of behavioral and experimental economics is observed through a survey ofthe top 100 academic institutions in economics and econometrics. The survey found that thissubject is relatively popular with around 44% of academic institutions offering this course toundergraduate students. Another survey on publication interest found a surge since 2002 thatwas experienced by this subject along with only a few other subjects such as labor economicsand business economics. Lastly, four short experiments on undergraduate students wereconducted in Indonesia to explain economics, and this activity seems to support the studentcenteredlearning that has since became the focus of the Directorate General of HigherEducation in Indonesia.Keywords: behavioral and experimental economics, economics teaching, developing countriesJEL codes: A12, A22, D03
MENINJAU KEMBALI EKONOMIKA NEOKLASIK Mubyarto, Mubyarto
Journal of Indonesian Economy and Business Vol 17, No 2 (2002): April
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Abstract

Economic Faculties in Indonesian Universities have been teaching economics in the Neoclassical tradition as in Samuelson’s Economics, a combination of Classical liberalism and Marginal Utility theory. But the development experience in the last 32 years which have created extreme inequalities in the distribution of wealth and income have raised the issues of economic and social justice. ”Social economics insist that justice is a basic element of social economic organization – (which is) far more important than allocative efficiency. Inefficient societies abound and endure in the historical record but societies that lack widespread conviction as to their justness are inherently unstable. ” ….. The most fundamental difference between the social-economics perspective and that of mainstream economics is that the latter has for its principal focus the production of good and services while the former focuses on the reproduction of society. (E.K. Hunt, History of Economic Thought A Critical Perspective, 1979). An atmosphere need to be created whereby economists are prepared to take on what is best from the social science; economics is more likely to be changed by its friends than by its critics; in business as well as in theory we prefer not the metaphor of the invisible hand but rather that of the “invisible handshake” the spirit of cooperation and competition. 1)Keywords: justice, ideology, Neoclassical Economics, and social economics
PERAN SEKTOR INFORMAL TERHADAP PEREKONOMIAN DAERAH: PENDEKATAN DELPHI-IO DAN APLIKASI Widodo, Tri
Journal of Indonesian Economy and Business Vol 21, No 3 (2006): July
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Abstract

This paper analyzes theoritically and empirically the role of informal sectors onthe local economic development. In general, the local governments do not put theinformal sectors as a focus of the local economic development. Regular data collectionregarding to the informal sectors is almost unavailable. This paper derives a method inanalysing the role of the informal sectors in local economy by combining quantitative(non survey) and qualitative (survey) method. Input-Output (IO) Table analysis isapplied. Survey (Delphi method) is conducted to get the information about thecontribution of the informal sectors. This information is used to derive the Input-OuputTable (IO*) which put into account the role of the informal sectors. Therefore, someparameters (multipliers and linkages) calculated from IO and IO* are compared. Thispaper applies the method to look at Daerah Istimewa Yogyakarta (DIY) as a case study.Some conclusions are withdrawn in the case of DIY: first, the informal sectors give apositive contribution to local economic development in terms of output, income,employment and sectoral linkages. Second, the role of informal sectors has to be limmitedin some certain level.Keywords: Informal sectors; Input-Output Analysis; Delphi Method
STUDI KETERKAITAN ANTARA DIVIDEND PAYOUT RATIO, FINANCIAL LEVERAGE DAN INVESTASI DALAM PENGUJIAN HIPOTESIS PECKING ORDER. Wibowo, A. Jatmiko; Erkaningrum, F. Indri
Journal of Indonesian Economy and Business Vol 17, No 4 (2002): October
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Abstract

This study is aimed to examine the prediction of pecking order hypothesis in Indonesian. The hypothesis states that there is negative relationship between dividend payout ratio and investment. In addition, this study will learn the relationship between dividend payout ratio, financial leverage and investment. The dividend payout ratio determinants are financial leverage, investment, liquidity, profitability, size and variability of earnings. The financial leverage determinants are dividend payout ratio, investment, profitability, size, assets structure and variability of earnings. The determinants of investment are dividend payout ratio, financial leverage, sales growth, profitability, Q ratio and size.The data of this study is collected from 70 manufacturing companies as listed in the Jakarta Stock Exchange for the period of 1991 – 2000. The three stage least square simultaneous equation model is used to learn the relationship between dividend payout ratio, financial leverage and investment.In this study, it is found that there is no significant evidence that manufacturing companies in Indonesia tend to follow the pecking order hypothesis. In addition, it is found that the financial leverage gives a negative and significant influence on dividend payout ratio and vice versa; investment do not give a significant influence on dividend payout ration and vice versa; investment gives a positive and significant influence on financial leverage; and financial leverage do not give a significant influence on investment.Keywords: pecking order, dividend payout ratio, financial leverage, investment
ANALISIS PENENTUAN HARGA ASET PADA PASAR MODAL ASIA PASIFIK: LOKAL ATAU GLOBAL? Sukasmanto, Sukasmanto
Journal of Indonesian Economy and Business Vol 19, No 2 (2004): April
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The purposes of this study are to identify the empirical evidence whether the pricingerror from using domestic CAPM when the use of global CAPM is appropriate, whether thesecurity risk that is diversifiable domestically is also diversifiable globally, and whether theuse of domestic CAPM result in the same expected return as the use of global CAPM.This research is based on the previous research on the cost of capital in theinternational capital market conducted by Koedijk et al. (2002) and Karolyi and Stulz(2001) without the control variable the foreign exchange rate. The researcher did not usethis variable because it is assumed here that the perfect international financial market and “the law of one price”. This research focused on 413 stock from the eight Pacific Asiancapital markets during 1998 to 2003 periods. The research used purposive sampling andsimple regression statistic method. The research was conducted on the market level andindividual securities.The result of the research shows that on the most of the securities of the eight PacificAsian capital markets, there is no pricing error from the use of domestic CAPM when theuse of global CAPM is more appropriate. The security risk that is diversifiable domesticallyis also diversifiable globally. Consequently, the domestic market portfolio contains allinformation that is relevant to price assets. Generally, it can be concluded that the assetpricing of the Pacific Asian capital markets was priced domestically. The use of domesticCAPM is still relevant also shows a better performance than the global CAPM. Theimplication is that independent of the issue whether international capital markets are fullyintegrated, the domestic CAPM resulted in the same estimated return that the globalCAPM.Keywords: Estimated return, domestic CAPM, global CAPM, and pricing error, domesticmarket portfolio.
DETERMINISTIC BEHAVIORS TOWARD INFORMATION TECHNOLOGY DIFFFUSION WITHIN SMALL AND MEDIUM-SIZED FIRMS IN INDONESIA Utomo, Hargo
Journal of Indonesian Economy and Business Vol 18, No 1 (2003): January
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Abstract

Artikel ini mengungkap beberapa temuan awal tentang perilaku deterministik dalamproses adopsi dan penyebaran (difusi) teknologi informasi di kalangan usaha kecil danmenengah di Indonesia. Keyakinan dasar adalah bahwa usaha kecil dan menengahmempunyai kemampuan menampilkan keluwesan pengelolaan sumberdaya organisasional, mengeksplorasi keunikan jejaring sosial, dan mengambil manfaat dari inovasi berbasis teknologi informasi. Pertanyaan penelitian yang diajukan adalah bagaimana pemilik sekaligus manajer usaha kecil dan menengah memandang teknologi informasi dan bagaimana mereka menyelesaikan masalah-masalah bisnisnya dengan menggunakan bantuan teknologi informasi. Studi kasus dilakukan untuk menjawab pertanyaan penelitian tersebut dan mengungkap aspek-aspek kualitatif mengenai faktor kunci kesuksesan inovasi berbasis teknologi informasi. Temuan dalam studi ini adalah bahwa kompleksitas inovasi di kalangan usaha kecil dan menengah muncul karena adanya interaksi berbagai faktor kelembagaan yang harus dipikirkan sebelum fenomena keberhasilan inovasi yang dimaksud dapat diraih dan disebarluaskan.Keywords: ICT, diffusion, adoption, social networks, SMF
ENTRY, EXIT, DAN TINGKAT KONSENTRASI PADA INDUSTRI MANUFAKTUR DI INDONESIA, 1995-1997 Satriawan, Elan; Wigati, Hening
Journal of Indonesian Economy and Business Vol 17, No 1 (2002): January
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Abstract

Conventional wisdom assumes that concentration rate will change due to the change in entry and exit rate. Entry will negatively influence concentration rate, while exit will change concentration rate positively. This has mainly inspired many governments to adopt what is called the pro-competition policy like deregulation to increase entry rate, hence increasing the competition. Empirically, the relation however, between entry and exit with concentration rate is not such so certain as decribed in theory. The number of entrants (number of firms in broad), as shown in this study, was not the important factor in changing the concentration. It is found that the entrant’s market share and relative size were the significant factors in changing the concentration rate. In addition, product differentiation was the only factors affecting the entry, while product differentitation and capital requirement explained the change in exit.Key words: Entry, Exit, Industrial Concentration, Indonesian Manufacturing.

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