{"title":"Economic Valuation of Health Impact of Tightening and Easing PSBB Policies in DKI Jakarta","authors":"Alfalast Susetyo Dewanto, A. Halimatussadiah","doi":"10.52813/jei.v11i3.156","DOIUrl":"https://doi.org/10.52813/jei.v11i3.156","url":null,"abstract":"Coronavirus Disease 2019 or COVID-19 is a pandemic that has affected more than 200 countries around the world. This study aims to see the benefits of differences in the policy of easing the lockdown or PSBB (Pembatasan Sosial Berskala Besar), and in the progressive tightening of PSBB execution that had taken place from early March until 31 August 2020. The health impact benefits are calculated using the morbidity which includes Medical Costs and Temporary Productivity Loss (TPL), and the mortality which includes the Value of Statistical Life (VSL). ARIMA model is used for prediction simulation on positive cases of COVID-19 and benefit-transfer method for predicting death cases. If the strict rules are saliently successful in containing the development of positive cases, then DKI Jakarta will only have 54.2% or 18,460 cases and the death will only be 550 cases. Benefits of medical costs that can be incurred could save the health budget amounting to IDR1.26trillion. TPL affects most of those aged between 25–29, 30–34, and over 60 years and it also yields a benefit of IDR56 billion. From the death of many people aged over 60 years, it will contribute to the benefits of VSL amounting to IDR15.5 trillion.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90207331","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}
M. T. Arkandana, Wahyu Calvin, Frans Mariel, S. Pramana, Statistika Stis, Jl. Protokol, Kelurahan Saragi, Kecamatan Pasarwajo
{"title":"The Impact During of Pandemic COVID-19 on Property Sector Case Study: DKI Jakarta Province","authors":"M. T. Arkandana, Wahyu Calvin, Frans Mariel, S. Pramana, Statistika Stis, Jl. Protokol, Kelurahan Saragi, Kecamatan Pasarwajo","doi":"10.52813/jei.v11i3.216","DOIUrl":"https://doi.org/10.52813/jei.v11i3.216","url":null,"abstract":"Since the COVID-19 pandemic in Indonesia, economic conditions have declined, especially in the property sector but if we look at the distribution value of the real estate sector in 2020 during the pandemic, its contribution has increased to 6.31% after falling by 5.94% in 2019. Another impact is that the Property Price Index growth value decreases over the years, but in a big city like DKI Jakarta, it does not affect the pandemic condition. Big Data has the potential to produce useful and useful statistics and assist in the collection of Official Statistics data. This study aims to see the condition of the number of advertisings on the property side and the selling price of houses and apartments that can be impacted by the pandemic COVID-19. Based on data from one property site in Indonesia, the condition of ad serving during the pandemic is very influential, with the highest serving during the Micro Indonesia large-scale social restrictions (PSBB).","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81956790","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":"THE IMPACT OF PHYSICAL CAPITAL AND HUMAN CAPITAL (LEVEL OF EDUCATION) ON GROWTH IN INDONESIA","authors":"Firman Bunyamin","doi":"10.14203/jep.30.2.2022.115-130","DOIUrl":"https://doi.org/10.14203/jep.30.2.2022.115-130","url":null,"abstract":"The purpose of this study is to investigate, by use of relevant robust econometric modelling, physical capital and human capital, and their impact on growth in Indonesia for policy analysis. The Auto Regressive Distributed Lag (ARDL) by Pesaran and Pesaran (1997) were chosen for supporting the relationship analysis. The important finding for policy analysis is that human capital appears to be a continuing factor shaping Indonesia’s growth, along with physical capital accumulation, with particularly strong effects for human capital arising from tertiary education. Physical capital has shown a strong and significant impact on the growth in the long run and indicates that Indonesia needs long term investment to generate growth. Such investment has distinction which related to sustainable operation such as infrastructure, sophisticated services, and venture capital. Consequently, it requires high skill labour supplied by tertiary education institutions. A further development of tertiary education next to enhancement of investment environment in manufacture and service sector should be set as priority programs in inducing growth.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135080248","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":"PERANAN SUKU BUNGA KREDIT, CAPITAL ADEQUACY RATIO (CAR) DAN LOAN TO DEPOSIT RATIO (LDR) BAGI PERTUMBUHAN EKONOMI INDONESIA","authors":"Asril Lisaholet","doi":"10.14203/jep.30.2.2022.145-156","DOIUrl":"https://doi.org/10.14203/jep.30.2.2022.145-156","url":null,"abstract":"Controlling the banking-monetary in such a way needs to be done so that dynamic of real sector growth developed to expected way. This study is intended to analyze the role of credit interest rate instrument, development of capital adequacy ratio (CAR), and loan to deposit ratio (LDR) to Indonesian economics growth in the last ten years. By using multiple linear stepwise regression analyzing method approach, a very significant role simultaneously and partially from credit interest rate instrument and development of CAR push the Indonesian economics growth in a long term were found. Meanwhile, there’s no a significant roles from development of LDR to the Indonesia economics growth in a medium term. The modeling results have adjusted R-square of about 87,80 percent and met all the diagnostic assumption test, while 12,20 percent is explained by other variables outside the model.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"69 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76028943","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":"THE IMPACT OF AGRICULTURAL LAND OWNERSHIP ON THE SUBJECTIVE WELLBEING OF FARMERS IN INDONESIA","authors":"Kartika Eka Pratiwi, J. P. Moeis","doi":"10.14203/jep.30.2.2022.157-172","DOIUrl":"https://doi.org/10.14203/jep.30.2.2022.157-172","url":null,"abstract":"Welfare measures began to shift to the condition of Subjective Wellbeing (SWB). Meanwhile, the welfare of farmers must be prioritized, one of which is to fulfill their basic needs in the form of agricultural land. Ironically, land inequality in Indonesia is still quite high. This study aims to see the impact of agricultural land ownership on the SWB score of farmers in Indonesia. This study uses data from the 2007 and 2014 IFLS and fixed effect estimation method and PSM to address sellection bias. Agricultural land tenure was found to have a consistent and positive effect on SWB even after controlling for income.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"93 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74240443","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":"Estimation of the price and income elasticities of residential electricity demand in Indonesia using household-level data","authors":"J. Nainggolan","doi":"10.14203/jep.30.2.2022.131-148","DOIUrl":"https://doi.org/10.14203/jep.30.2.2022.131-148","url":null,"abstract":"This paper presents household-level econometric estimates of the income and price elasticities of residential electricity demand for Indonesia. Using annual household survey panel data of SUSENAS from 2011 to 2013, the estimation controls for household characteristics that significantly affect electricity consumption, such as demographic aspects, house size, and ownership of home appliances. The empirical results show that in Indonesia, the residential electricity is price- and income-inelastic, with price and income elasticities of -0.88 and 0.3, respectively. Urban residents use more electricity than their rural counterparts. Responding to the growing economy, the government should prepare a greater electricity capacity or induce a higher tariff to promote electricity savings.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73667659","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":"Ketahanan UMKM di Indonesia menghadapi Resesi Ekonomi","authors":"Eugenia Mardanugraha, J. Akhmad","doi":"10.14203/jep.30.2.2022.101-114","DOIUrl":"https://doi.org/10.14203/jep.30.2.2022.101-114","url":null,"abstract":"Wabah COVID-19 telah membuat ekonomi Indonesia masuk episode resesi, yang ditunjukkan oleh pertumbuhan ekonomi (y-o-y) negatif selama 2 kuartal berturut-turut, yaitu Q2-2020 sebesar -5.32% dan Q3-2020 sebesar -3.49%. Penelitian ini menjelaskan bahwa usaha mikro, kecil dan menengah (UMKM) di Indonesia memiliki daya tahan yang cukup kuat dalam menghadapi resesi ekonomi. Penelitian ini mewawancarai 541 UMKM dari seluruh Indonesia selama Agustus-Oktober 2020 melalui telepon dan video call. Penelitian ini juga melakukan focus group discussion (FGD) dari beberapa responden yang disurvei. Berdasarkan analisa deskriptif ditemukan bahwa 19% UMKM sudah tidak dapat bertahan, 30% UMKM masih mempertahankan karyawannya, dan 51% lainnya masih dapat bertahan. Bantuan dari pemerintah baru dirasakan oleh UMKM yang memiliki kredit dari bank. Berdasarkan pengujian t-statistik, terjadi penurunan pada seluruh indikator kinerja UMKM akibat COVID-19. Penurunan signifikan terjadi pada modal kerja (-54%), tenaga kerja (-37 %), pendapatan bulanan (-34%), tanah (-2%), dan mesin dan peralatan (-3%). Sementara itu, penurunan beban oerasional bulanan (-21%) secara statistik tidak signifikan. Kegiatan FGD menyimpulkan bahwa UMKM yang bertahan adalah yang memiliki cadangan kekayaan (hidden wealth) berupa tabungan, atau asset bangunan dan kendaraan yang dapat dijual atau digadaikan. Disaster risk management (DRM) dan penyusunan business continuity plan (BCP) merupakan hal terpenting bagi UMKM sehingga dapat bertahan dalam kondisi kritis saat bencana terjadi. Pemerintah harus mulai membantu UMKM dalam penyusunan hal tersebut. Social bonds dapat menjadi instrumen alternatif bagi pemerintah, untuk mengatasi persoalan ini.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88429783","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":"Model Hybrid dalam Penentuan Nilai Tukar Rupiah: Pendekatan Mikrostruktur dan Makroekonomi","authors":"Fitri Handayani","doi":"10.52813/jei.v11i3.231","DOIUrl":"https://doi.org/10.52813/jei.v11i3.231","url":null,"abstract":"Salah satu penghambat percepatan pemulihan ekonomi adalah volatilitas nilai tukar, yang menimbulkan kebutuhan akan model pergerakan nilai tukar yang tepat. Penelitian ini menggunakan model hybrid, yang memadukan metodologi mikrostruktur dan ekonomi makro dengan pendekatan model ARDL, untuk menganalisis pergerakan nilai tukar. Hasil yang diperoleh menggunakan metode ARDL menunjukkan bahwa terdapat hubungan jangka panjang dan jangka pendek model hybrid terhadap pergerakan nilai tukar.Variabel mikrostruktur, yang menggunakan spread dan high-low spread, memiliki pengaruh yang signifikan dalam menjelaskan nilai tukar. Dalam jangka panjang, model makroekonomi yang meliputi jumlah uang beredar, aset luar negeri neto, dan suku bunga tidak berpengaruh signifikan, kecuali tingkat harga yang dapat menjelaskan pergerakan nilai tukar secara signifikan. Dengan keterlibatan variabel mikrostruktur, model hybrid dapat digunakan untuk menutup celah hubungan makroekonomi dalam menjelaskan nilai tukar.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86346147","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}
Michelle Kawinata, Stephanie Djohan, Y. Kadarusman, Alvin Desfiandi
{"title":"Assessing the Role of Education on Intergenerational Income Mobility: The Case of Indonesia","authors":"Michelle Kawinata, Stephanie Djohan, Y. Kadarusman, Alvin Desfiandi","doi":"10.52813/jei.v11i3.179","DOIUrl":"https://doi.org/10.52813/jei.v11i3.179","url":null,"abstract":"This paper aims to address the role of education in Indonesia’s intergenerational income mobility. This will include measuring the level of intergenerational mobility to establish the general condition in Indonesia through the estimation of intergenerational income mobility. The main data used to test the model will be secondary data from the Indonesian Family Life Survey in 1993, 1997, 2000, 2007 and 2014. Through multiple linear regression analysis, the authors conclude that education influences the levels of intergenerational income mobility in Indonesia. Child’s education has a larger coefficient than father’s education in determining the child’s income. Public policy must focus on human investment to develop human capital through a provision of quality education throughout the country, particularly for people from lower income groups. Indonesia’s government should also allocate its education spending to increase the attainment of higher education level, establishing the next generations with higher productivity and income than previous generations.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78925944","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":"- Does electricity consumption influence economic growth in Indonesia?","authors":"Vita Kartika Sari","doi":"10.14203/jep.30.1.2022.47-55","DOIUrl":"https://doi.org/10.14203/jep.30.1.2022.47-55","url":null,"abstract":"The purpose of this study was to analyze the influence of electricity consumption, investment, and school enrollment on economic growth of Indonesia from 1984-2018. Electricity is used by society in every activity including production and consumption. This study used ARDL-ECM method. Based on the estimation results, all variables were stationary at the first difference. Based on the empirical findings, the appropriate ARDL model was ARDL (1, 2, 1, 1). In the long run, investment had a positive influence on economic growth and school enrollment had a negative influence on economic growth. Meanwhile, in the long run, electricity consumption is insignificant to the economic performance of Indonesia during the study period. However, in the short run, there was only investment had a significant and positive impact on economic growth in Indonesia. School enrollment and electricity consumption had no significant influence on economic growth. Speed of adjustment (ECT (-1)) had a significant influence on GDP. With the Qusum and QusumQ tests, the model showed feasible stability. Therefore, more vigorous electricity policies should be implemented for supporting economic growth.","PeriodicalId":32634,"journal":{"name":"JEPI Jurnal Ekonomi dan Pembangunan Indonesia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87398527","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}