Energy Subsidy and Price Dynamics In Indonesia

IF 0.7 Q4 BUSINESS

International Journal of Business and Society Pub Date : 2022-12-19 DOI:10.33736/ijbs.5167.2022

Ahmadi Murjani

引用次数: 1

Abstract

The downward trend of the world oil prices in recent years has put profound consideration among countries to reform the energy subsidy policies. Examination of the inflationary impact of the reform has become essential due to possible welfare consequences. This study aims to reveal the impact of energy subsidy on the prices in Indonesia by utilizing the autoregressive distributed lag (ARDL) method to capture short-run dynamics and long-run cointegration between dependent and independent variables in the period 1980-2017. The finding of this research indicated that the impact of the energy subsidy is significant for the short-run and the long-run periods. Regarding the result, the government of Indonesia is advised to reform carefully by applying energy subsidy policy gradually and protecting vulnerable poor households.

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印度尼西亚的能源补贴和价格动态

近年来，世界石油价格的下行趋势引起了各国对能源补贴政策改革的深刻思考。由于可能对福利产生影响，对改革的通货膨胀影响的研究变得至关重要。本研究旨在利用自回归分布滞后(ARDL)方法捕捉1980-2017年期间因变量和自变量之间的短期动态和长期协整，揭示印尼能源补贴对价格的影响。研究结果表明，能源补贴的短期和长期影响都是显著的。针对这一结果，建议印尼政府慎重改革，逐步实施能源补贴政策，保护弱势贫困户。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Business and Society BUSINESS-

CiteScore

1.80

自引率

10.00%

发文量

期刊介绍： International Journal of Business and Society (IJBS) is an international scholarly journal devoted in publishing high-quality papers using multidisciplinary approaches with a strong emphasis on business, economics and finance. It is a triannual journal published in April, August and December and all articles submitted are in English. Our uniqueness focus on the impact of ever-changing world towards the society based on our niche area of research. IJBS follows a double-blind peer-review process, whereby authors do not know reviewers and vice versa. The journal intends to serve as an outlet with strong theoretical and empirical research and the papers submitted to IJBS should not have been published or be under consideration for publication elsewhere.