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All Journal Economic Journal of Emerging Markets Journal of Indonesian Economy and Business
Siti Herni Rochana
Institut Teknologi Bandung, Bandung
Economics, Econometrics & Finance

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Measurement of the efficiency of monetary policy Eka Purwanda; Siti Herni Rochana
Economic Journal of Emerging Markets Volume 9 Issue 2, 2017
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol9.iss2.art3

Abstract

Since 2000, monetary policy in Indonesia started to use Inflation Targeting Framework (ITF). To evaluate the performance of the monetary policy, it requires efficiency indicators. The measurement of the efficiency of monetary policy is based on inflation and output variations. This paper formulates a method for measuring the efficiency of monetary policy and applies it in Indonesia. It finds that since the implementation of ITF, the efficiency of monetary policy has not changed significantly. However, the efficiency of monetary policy tends to increase after the full implementation of the ITF framework after 2005 than in the transition period of 2000-2005.
ROAD INFRASTRUCTURE AND SPATIAL ECONOMIC DEPENDENCE IN THE WESTERN REGION OF JAVA Siti Herni Rochana; B. Kombaitan; Eka Purwanda
Journal of Indonesian Economy and Business (JIEB) Vol 30, No 3 (2015): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1149.299 KB) | DOI: 10.22146/jieb.10313

Abstract

The western region of the island of Java consists of three provinces, namely: West Java, Banten, and Jakarta, is a region that contributes significantly to the GDP of Indonesia. In 2010 the contribu-tion of the three provinces was 33.94% of the total GDP, and the remaining 66.06% came from the other 30 provinces. In spite of its high contribution, in terms of the value added by the western region of Java, there are inequalities between the regions. In the year 2010, Jakarta’s per capita income was ten times, or more, than that of Lebak. The existence of this problem in the income disparity between the regions in western Java raises questions relating to the spatial economic dependence of the west-ern region of Java. The unit analysis of the research is all the districts/cities in West Java, Banten, and Jakarta. The measurement used for the spatial economic dependence is Moran’s Index. Spatial varia-bles were comprised in the spatial weight matrix (matrix-W), which was formed using three approach-es: based on the distance, the neighbourhood, and the road transportation network. The economic variables in this study are the level of income per capita and economic growth. The results showed spatial economic dependence, based on distance and neighbourhood, tended to be low. Whereas, the spatial economic dependence based on road connectivity, especially freeways, showed a moderate correlation.Keywords: road infrastructure, spatial economic dependence, Moran’s Index, western region of Java.
Co-Authors B. Kombaitan Eka Purwanda Eka Purwanda