{"title":"THE EFFECT OF INDONESIAN MACROECONOMIC CONDITION AND INTERNATIONAL INTEREST RATE ON YIELD OF THE GOVERNMENT BOND IN US DOLLAR","authors":"Farouq Widya Pramana, N. Nachrowi","doi":"10.21776/UB.JIAE.2016.006.01.3","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2016.006.01.3","url":null,"abstract":"This study analyzes the effect of Indonesian macroeconomic condition and international interest rate shocks on yield of the Government Bond in US Dollar. This study applies Vector Error Correction Model (VECM) using monthly data which consists of yield of the Government Bond in US Dollar, domestic interest rate, price level, real exchange rate, and international interest rate during the period of January 2006 to December 2013. The results show that domestic interest rate, price level, real exchange rate, and international interest rate have significant positive impacts on yield of the Government Bond in US Dollar and confirm the presence of the error correction mechanism in the yield of the Government Bond in US Dollar model that also indicates the existence of cointegration.","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"6 1","pages":"44-65"},"PeriodicalIF":0.0,"publicationDate":"2016-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68322423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ANALISIS PELUANG PENERBITAN OBLIGASI DAERAH SEBAGAI ALTERNATIF PEMBIAYAAN DAERAH","authors":"Dewi Okta, David Kaluge","doi":"10.21776/UB.JIAE.2011.005.02.2","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2011.005.02.2","url":null,"abstract":"Municipal bonds may be used as a source of regional funding.This study aims toanalyze the feasibility of issuing municipal bonds as an alternative source of financ-ing local infrastructure and analyze the strategies to be implemented by the govern-ment in the issuance of local bonds. Analysis tools used in this study were descriptivestatistics and SWOT analysis. The analysis showed that municipal bonds are an alter-native worth considering as a source of financing funding than other areas. Keywords: municipal bonds, the financing area, the SWOT.","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"5 1","pages":"157-171"},"PeriodicalIF":0.0,"publicationDate":"2011-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68322037","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"PENGUATAN FUNGSI LEGISLATIF DAN EVALUASI KINERJA BIDANG PENGANGGARAN (Studi di DPRD Kota Batu)","authors":"A. Manzilati, Maftuch, M. Fadli","doi":"10.21776/UB.JIAE.2011.005.02.4","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2011.005.02.4","url":null,"abstract":"Changes in performance-based budgeting system (performance budgeting) that pro-motes community participation, provide an important role in Parliament as represen-tatives of the people drafting process, in accordance with Law no. 17 of 2003 on StateFinance. Implementation of the people’s rights in the budget can be realized in com-munity involvement in participatory planningand budgeting process. This study aimsto (1) to know legislators understanding in Batu City and its implementation to thefunction of budgeting, (2) to evaluate the performance of budgeting in Batu City.Using a qualitative approach, results of this study are: (1) Legislators’ understandingin Batu City tend to function as a means of budgeting “bargain” with local govern-ment, and lack of touch on the substance to the public welfare, (2)Parliament hasused “Alat Kelengkapan Dewan” associated with the budgeting of the “BadanAnggaran”, frequently board members’s budget is more than the amount of budgetapproved by the municipal government of Batu City. But this condition still happenedbecause the government afraid of the revenue and expenditure budget (APBD) notapproved by parliament. Keywords: budget, parliament batu, legislative functions","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"80 1","pages":"252-268"},"PeriodicalIF":0.0,"publicationDate":"2011-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68322084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"SURVEY PUBLIC FINANCE MANAGEMENT (PFM) DI KABUPATEN FLORES TIMUR PROVINSI NUSA TENGGARA TIMUR","authors":"Thomas Ola Langoday","doi":"10.21776/UB.JIAE.2011.005.02.6","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2011.005.02.6","url":null,"abstract":"This study aims to see how far the implementation of the performance of PublicFinancial Management (PFM) in accordance with applicable standards and regula-tions. The survey shows that in general the performance of public financial manage-ment in East Flores Regency categorized as very good; from the nine areas that wereanalyzed, seven areas were very good in the category of regulatory framework; Plan-ning and Budgeting: Cash Management: Procurement of Goods and Services; Debtand Public Investment: Asset Management, and the last External Audit and Over-sight. One area is in both categories of Internal Control and the fields are at very lowcategory of Accounting and Reporting. The result of this study recommends that theforce placed on each SKPD or Bachelors degree in Accounting and Finance for fi-nancial management in a professional area. In the extreme, this study recommendsthat the chief of Budget, Accounting, Accounting and Reporting, and Verification atthe Department of Finance and Asset Areas on each District/City should be headed bya person with qualifications or Bachelors degree in Accounting and Finance. Keywords: performance, public financial management, degree in accounting.","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"5 1","pages":"205-223"},"PeriodicalIF":0.0,"publicationDate":"2011-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68321729","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"REKONSTRUKSI SISTEM FISKAL NASIONAL DALAM BINGKAI KONSTITUSI","authors":"Ferry Prasetyia","doi":"10.21776/UB.JIAE.2016.005.02.8","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2016.005.02.8","url":null,"abstract":"There are two main objectives in this research such as identifying the fiscal developmentstage in Indonesia, and reconstruction of national fiscal system in the framework of 1945constitution. The initial foundation that must be built to strengthen the national fiscalsystem is a principle that comes from our basic nation’s cultural such as the principle oftogetherness and kinship. These principles should be supported by the function and basicprinciples of management of state finances such as allocation, distribution, and stabiliza-tion. While the basic principles of state financial management includes transparency, account-ability, efficiency and effectiveness. With the various components are expected to achievea state of self-reliance and fiscal sustainability, which in turn will lead to the ultimate goalof a country that is the welfare of society. Keywords: national fiscal system, welfare and 1945 constitution.","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"5 1","pages":"141-156"},"PeriodicalIF":0.0,"publicationDate":"2011-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68321904","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"KEBIJAKAN UPAH MINIMUM UNTUK PEREKONOMIAN YANG BERKEADILAN: TINJAUAN UUD 1945","authors":"Devan S. Pratomo, Putu Mahardika Adi Saputra","doi":"10.21776/UB/JIAE/2016/005.02.6","DOIUrl":"https://doi.org/10.21776/UB/JIAE/2016/005.02.6","url":null,"abstract":"The aim of this research is to determine the progress of minimum wage policy inIndonesia, and their linkage to the 1945 Constitution article 27 act 2. The implemen-tation of minimum wage policy in accordance with that constitution, at least shouldbe a few things to do. This includes needs such as decent living as a component ofminimum wage determination. Furthermore, it needs to fill the necessity of transpar-ent effort and intense socialization of benefit provision in the minimum wage. Inaddition it must be clear about the protected status of workers in minimum wagepolicy. The last is the enforcement and strict penalties for companies that do not applythe appropriate minimum wage policy. Keywords: 1945 Constitution article 27 act 2, Minimum Wage Policy, Enfrocement,","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"5 1","pages":"37950"},"PeriodicalIF":0.0,"publicationDate":"2011-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68327798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ANALISIS VOLATILITAS NILAI TUKAR MATA UANG RUPIAH TERHADAP DOLAR","authors":"Imam Mukhlis","doi":"10.21776/UB.JIAE.2011.005.02.8","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2011.005.02.8","url":null,"abstract":"This research aims to analyze the volatility of exchange rate (Rp/US$) on the Indone-sian economy. The Method of analyze uses Autoregressive Conditional Heteroscedasticiy(ARCH)/Generalized Autoregressive Conditional Heteroscedasticiy (GARCH) that wasdeveloped by Arize, (1995) and Zainal (2004). The result show that volatility ofexchange rate (Rp/US$) has extreme point at 1997/1998. At that time, economic crisiswas happen on the Indonesian economy, where the value of exchange rate volatilityRp/US$ have reached at point 0,250. Keywords : volatility, exchange rate, ARCH,GARCH","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"5 1","pages":"172-182"},"PeriodicalIF":0.0,"publicationDate":"2011-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68321821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"AKTUALISASI NILAI-NILAI KONSTITUSI DALAM KEBIJAKAN PERDAGANGAN INDONESIA DI TINGKAT REGIONAL DAN MULTILATERAL","authors":"Dias Satria, F. Wulandari","doi":"10.21776/UB.JIAE.2011.005.02.5","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2011.005.02.5","url":null,"abstract":"The purposes of this study were to analyze the implementation of the Indonesian con-stitutional values in Indonesia and in the regional level of trade policies (AFTA-ASEAN Free Trade Area). The method used is a qualitative approach. The findings ofthis research stated that there are some trade policy that misses thebasic values of the1945 Constitution and Pancasila, resulting inmismanagement in development policyand therefore contributesto lowering the level of public welfare in general. The policy,among others, is the policy of trade protection is not based on the principle of wealthcreation and equitable distribution, but is based on the behavior of crony-capitalism;government policiesrelated to foreign ownership in an investment is still not heedingthevalues and principles of broad benefit of welfare, justice andequity; and governmentprotection policies in the agriculturalsector is still not optimal to create a high com-petitiveness. Keywords: constitution, international trade, welfare and equity.","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"5 1","pages":"224-251"},"PeriodicalIF":0.0,"publicationDate":"2011-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68321713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"STUDI KOMPETENSI INTI DAERAH DI KABUPATEN BELU PROVINSI NUSA TENGGARA TIMUR","authors":"Thomas Ola Langoday","doi":"10.21776/UB.JIAE.2011.005.01.6","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2011.005.01.6","url":null,"abstract":"Core competence area is a collection of skills and technologies that enable an organi-zation can provide its own benefits for its customers. Thus, the high unique core com-petencies needed to achieve organizational objectives. The uniqueness of the organi-zation can make it difficult for competitors to imitate. By adopting the concept of onevillage and one product and concept SAKA SAKTI (one county / city of the corecompetencies) then to build the competitiveness of the region required the creation ofcore competencies for the area. This is necessary so that all resources and capabilitiesof the region focused on efforts to create a core competency. Based on the seven aspects of the value chain, namely raw materials, human resources, competitiveness,infrastructure, technology and information, social capital and institutional and secu-rity conditions, it is found that the commodity becomes a core competence area inBelu Regency is a patchouli plant and the results of various scent of patchoulioil. Patchouli plants available uniformly across the district and surrounding areas byabsorbing the workforce in large numbers, while patchouli oil industry with a distinc-tive aroma has penetrated the international market. Plants patchouli and patchoulioil industry (essential) to give high economic value added for those who manage it. Keywords: core competence areas, One Village One Product, SAKA SAKTI, atsiri oil(essential).","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"5 1","pages":"1-2011"},"PeriodicalIF":0.0,"publicationDate":"2011-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68321957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"IMPLEMENTASI KEBIJAKAN FISKAL: PEMBIAYAAN PROGRAM PEMBANGUNAN BERBASIS RUKUN TETANGGA (PBRT) DI KABUPATEN SUMBAWA BARAT","authors":"Rudi Masniadi, David Kaluge","doi":"10.21776/UB.JIAE.2011.005.01.2","DOIUrl":"https://doi.org/10.21776/UB.JIAE.2011.005.01.2","url":null,"abstract":"Fiscal policy is one form of economic policies pursued in the context of macroeco-nomic stabilization, promote growth, equity, and sustainability menjega budget. WestSumbawa regency is one of regencies in NTB province has embarked on one of fiscalpolicy implementation is in the financing of Neighborhood-Based Development pro-gram (PBRT). PBRT program is a strategy of development by putting the region atthe lowest level of development of the neighborhood (RT). This policy is the empow-erment of RT with the understanding that the RT is not the lowest governmentalstructures and nongovernmental organizations that are able to understand all the com-plaints and needs of their citizens. RT becomes a very important institution in whichis located all the pecking order and also serves as a populist economic base which isthen defined as the Regulation (Regulation No. 27 Year 2008 regarding PBRT). Thispaper reviewed the implementation of the program PBRT is related to how big thebudget from the budget for financing. Furthermore, by using Regulatory Impact Analysiswill be analyzed whether the policy PBRT program will bring net benefits to societyand increase welfare in West Sumbawa regency.","PeriodicalId":31557,"journal":{"name":"Journal of Indonesian Applied Economics","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2011-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68321339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}