Sejak tahun 1996, pemerintah orde baru telah membangun suatu pemerintahan nasional yang kuat menempatkan stabilitas politik sebagai landasan untuk mempercepat pembangunan ekonomi Indonesia. Politik sebagai panglima telah diganti dengan ekonomi sebagai panglima, dan mobilisasi massa atas dasar partai secara perlahan digeser oleh birokrasi dan politik teknokratis.
This paper will examine to what extent the unprecedented global financial crisis has affected the Indonesia's economy. The differences between Indonesia's experience of theglobal financial crisis (GFC) and Asian Financial Crisis (AFC) in 1997–98 will be illuminated. The government's priority on the development of education— together with achieving quality growth, reducing poverty, creating jobs, improving infrastructure— have accelerated the economic recovery and improved key indicators in education. Despitebudgetary adjustments, the Indonesian government continues to prioritize investment in education. As a result, the GFC has not affected number of students in Indonesiasignificantly. The GFC has not affected the interest of students to get higher education at the Indonesia's universities. Keywords: global financial crisis, Asian financial crisis investment, economic recovery
This study attempts to analysis Rupiah/US$ exchange rate using ARIMA (Autoregressive Integrated Moving Average) method. It explores to what extent impacts of political variable, in term of the (former) President Abdurrachman Wachid's (Gusdur) statement, on the exchange rate fluctuation. Two main sources of data were used: first, daily exchange rates of Rp/US$ over the period of Januari 1st, 1999 to April 30th , 2002; second, media reports on Gus Dur's statement which comed up every Friday. The empirical results found that yesterday's exchange rates and trend influenced the current exchange rates significantly, as shown by AR (1) and trend variable. More importantly, depreciation of Rupiah was caused by political (news) variable, especially Gus Dur's statement. The last indicates the evidence of Friday effect in the case of Rp/US$ during Gus Dur regime.Keywords: ARIMA Method; Autoregressive; Moving Average; News (Gus Dur's statement); Trend
Jiwasraya is one of a State-Owned Enterprise (SOEs) engaged in the insurance sector in Indonesia, which was declared to have experienced a financial failure due to liquids and solvency problems. This study was done to provide a management analysis as a tool for reviewing and evaluating the government policies, in accordance with the direction of the constitutional economy. This study was conducted using a qualitative methods, with a case study approach. Meanwhile, the philosophy of interpretation in this study was pragmatism. The data collection in this study was the result of observations of public information, company financial reports, and state documents relevant to the data interpretation and analysis. The results of this study identified that the Jiwasraya case was motivated by a poor degree of good corporate governance, as well as the occurrence of acts of corporate fraud which has the potential for the state financial losses. Furthermore, this study also describes various alternative government policies as an option for the case resolution strategies, including: (1) liquidation; (2) recapitalization; (3) mergers and holdings; or (4) privatization. The results of the study recommend recapitalization and privatization using the practical of Indonesia Raya Incorporated (IRI) rather than other policies. These findings contribute to the knowledge of murakabi economics and its constitutionalization, and have implications for good governance practices for government and corporations, as well as strategic management for Jiwasraya. Universally, contributing to the interests of SOEs governance, and the economic development of Indonesia.
This paper attempts to evaluate government policy to classify a region as a key region (kawasan andalan) with special reference to South Kalimantan province. Using location quotient and logistic regression, we showed that the policy designed and based merely on regional income per capita and key subsector. The policy seems, to ignore the growth of regional income and regional specialisation. Our analysis also suggests that regional classification based on Klassen Typology is a better alternative than that of the ad-hoc "key region". Key words: kawasan andalan, LQ, logistic regression, Klassen Typology
The economic crisis of 1997/1998 greatly affected the national economy of Indonesia by making more people vulnerable to the poverty. To tackle the problems of poverty, Indonesian government has issued some poverty alleviation programs and strategies through national and local budget allocations. The national government has set up some poverty reduction programs, including The National Program for Community Empowerment (Program Nasional Pemberdayaan Masyarakat/PNPM). Beside PNPM, there is a program of Alokasi Dana Desa/ADD that comes from the district budget (local funding). In terms of budget allocation, both central and local government has always increased their support from year to year. This study examines the impact of poverty alleviation programs, including BLM PNPM and ADD on poverty at district level in Indonesia with the case study of Sleman district in Yogyakarta province during 2008-2012. Using trend analysis, Klassen typology and pooled least square analysis, this study generally finds that the poverty alleviation programs do not significantly reduce the level of poverty in Sleman.
In the recent legislative elections the Democrat Party of President Susilo Bambang Yudhoyono (SBY) was by far the most successful. Support for other major secular-nationalist parties fell significantly, as did that for the Islamic parties as a group. Two
In the recent legislative elections the Democrat Party of President Susilo Bambang Yudhoyono (SBY) was by far the most successful. Support for other major secular-nationalist parties fell significantly, as did that for the Islamic parties as a group. Two