Agus Widarjono
Department Of Economics, Faculty Of Business And Economics, Universitas Islam Indonesia

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FOOD DEMAND IN YOGYAKARTA: SUSENAS 2011 Widarjono, Agus
Kinerja: Jurnal Bisnis dan Ekonomi Vol 17, No 2 (2013): Kinerja Jurnal Bisnis dan Ekonomi
Publisher : Kinerja: Jurnal Bisnis dan Ekonomi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (148.18 KB)

Abstract

The impacts of economic and demographic variables on food demand in Yogyakarta are estimated usingthe Almost Ideal Demand System (AIDS). Data from the national social and economic survey of households(SUSENAS) in 2011 are used to accomplish the goal of this study. Food demand consists of cereals, sh,meats, eggs and milk, vegetables, fruits, oil and fats, prepared foods and drinks, other foods and tobaccoproducts. Results show that except for meat and tobacco products, demand elasticities for the rest of foods areinelastic and cereals is the least responsive to price change. All ten studied foods are normal good, but theirincome elasticities are very inelastic.Keyword: Almost Ideal Demand System (AIDS), price and income elasticity, Yogyakarta.
THE IMPACT OF REAL EXCHANGE RATE ON TRADE BALANCE Widarjono, Agus
Journal of Indonesian Economy and Business Vol 20, No 3 (2005): July
Publisher : Journal of Indonesian Economy and Business

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Abstract

The purpose of this study is to investigate the relationship between the trade balanceand the real exchange rate for bilateral trade in merchandise goods between Indonesia and the US, Japan and Singapore as its major trading partner. This article employs theelasticity approach to analyze such a relationship. Johansen multivariate cointegration isproposed to examine the impact of depreciation of real exchange rate on trade balance. Totests for J-curve, a generalize impulse response function generated from a vector error-correction model is applied.Quarterly data over the period 1988:1-2003:4 are used for the analysis. Our findingsdemonstrate that the real exchange rate has a positive impact on the bilateral tradebalance between Indonesia and Japan and Singapore. The generalized Marshall-Lernercondition, however, seems to hold only for the bilateral trade balance between Indonesiaand Japan. This study also finds that there is an evidence for J-curve for Indonesia’sbilateral trade balance with the Japan.Keyword: real exchange rate, trade balance, Marshal-Lerner Condition and J-curve
FOOD DEMAND IN YOGYAKARTA: SUSENAS 2011 Widarjono, Agus
KINERJA Vol 17, No 2 (2013): Kinerja
Publisher : Faculty of Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v17i2.374

Abstract

The impacts of economic and demographic variables on food demand in Yogyakarta are estimated usingthe Almost Ideal Demand System (AIDS). Data from the national social and economic survey of households(SUSENAS) in 2011 are used to accomplish the goal of this study. Food demand consists of cereals, sh,meats, eggs and milk, vegetables, fruits, oil and fats, prepared foods and drinks, other foods and tobaccoproducts. Results show that except for meat and tobacco products, demand elasticities for the rest of foods areinelastic and cereals is the least responsive to price change. All ten studied foods are normal good, but theirincome elasticities are very inelastic.Keyword: Almost Ideal Demand System (AIDS), price and income elasticity, Yogyakarta.
How Sensitivity of Energy Intake to Fuel Price Change: Evidence from Central Java Widarjono, Agus
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 1 (2018): JEP 2018
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v19i1.5634

Abstract

Because of high world oil prices during 2008-2013, the government must adjust domestic fuel price several times. One of the fuel price adjustments occurred in 2013. The increase in fuel prices caused high inflation. The purpose of this study is to analyze the impact of rising fuel prices on calorie consumption as a main source of energy intake  in Central Java Province. The results of this study indicate that calorie income elasticity increased both in urban and rural areas after the increase in fuel price. However, urban households are more responsive than rural households. An increase in calorie income elasticity means that households must allocate more expenditure on food consumption in order to fulfill minimum energy intake. These findings imply that cash transfer policies such as direct cash transfer for poor households known as BLT as well as rice policy for poor households as called Raskin are very effective to maintain minimum calorie intake during price crisis.
Does the Volatility of Macroeconomic Variables Depress The Profitability of Islamic Banking? Widarjono, Agus
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.19460

Abstract

Islamic banking in Indonesia has been growing rapidly since 2010. The  profitability of Islamic bank depends on Islamic bank characteristics and macroeconomic condition. As a country with an open economy, macroeconomic conditions are very volatile. Through the theory of exchange rate pass through, the exchange rate fluctuation affects domestic prices so that it affects the profits of Islamic bank.  This study analyzes the impact of the instability of the macroeconomic variables, namely the exchange rate and inflation on the profitability of Islamic bank. The instability of inflation and exchange rate are measured using the GARCH  (Generalized Autoregressive Conditional Heteroskedasticity). This study applies ARDL  (Autoregressive Distributed Lag Model). The data used is monthly data starting from January 2011 to June 2018. The results of the study show that the exchange rate and inflation instability depress the profitability of Islamic banki. More interestingly, instability of inflation has a greater negative impact than the instability of exchange rate on Islamic bank profit. The most Islamic bank characteristics influencing Islamic banking profit was bad financing as known as a non performing financing (NPF).
Estimating Profitability of Islamic Banking in Indonesia Agus Widarjono
Jurnal Keuangan dan Perbankan Vol 22, No 3 (2018): July 2018
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (547.289 KB) | DOI: 10.26905/jkdp.v22i3.2197

Abstract

The Islamic banking industry in Indonesia had experienced rapid growth since the government passed the Islamic banking law in 2008. Although growing fast but the market share of Islamic banking was still low. To increase the market share of Islamic banking, it was necessary to encourage Islamic banking performance. One of the performances of Islamic banking investigated in this study was profitability. We examined the profitability of Islamic banking using both internal and external factors. The method used to estimate the profitability of Islamic banking was the Autoregressive Distributed Lag Model (ARDL) method with monthly data. The estimation results showed that both internal and external factors affect the profit of Islamic banking. Asset, FDR, efficiency, and NPL affect profitability. An important variable affecting profitability were the bad financing (NPF). While the external factor influencing the profit of Islamic banking was the exchange rate and inflation. The implication of this result was that Islamic banking must be able to manage well the bad financing. Since NPF also depends on macroeconomic conditions, the government must be able to manage macroeconomic performance well such as stabilizing the exchange rate.JEL Classification: G21, G24DOI: https://doi.org/10.26905/jkdp.v22i3.2197
Study on Factors Influencing Performance of The Best Baitul Maal Wat Tamwils [BMTS] In Indonesia Muhammad Akhyar Adnan; Agus Widarjono; M.Bekti Hendri Anto
Jurnal Iqtisad Vol. 4 No. 1 (2003)
Publisher : Jurnal Iqtisad

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/iqtisad.vol4.iss1.art2

Abstract

The Islamic financial institutions generally, and the Islamic banks particularly have been interesting phenomena for about last two or three decades. They are believed [by many] to be an interesting, challenging and promising model of the current or conventional financial systems. In the case of Indonesia, despite of the fact that there are two official types of Islamic bank, as they are accommodated by Banking Act No. 7 1992, as well as Banking Act No. 10 1998, there is an additional type as what so-called Baitul Maal wat Tamwil, or abbreviated as BMT.BMTs have even attracted more attention. First, because they are generally unregistered under the normal practice rule such as Central Bank. Second, they have developed very significantly in quantity and spread in very wide areas of different provinces. Currently, there are about two thousand BMTs around the country. This indicates that BMTs have been contributing to the national economy. Third, although the country is hit by the crisis, many BMTs operate smoothly.  This is contrary to what might be seen in the fact faced by many formal conventional banks. Based on the above factors, we are interested in investigating what the influencing factors are behind the good performance of BMTs in general. This is the main objective of this study. To answer the research problems, the data were collected from the best 47 BMTs in five different provinces, i.e., West Java, Jakarta Special Territory of Capital, Middle Java, Special Region of Yogyakarta, and East Java. The simple descriptive, as well as the regression analysis, was applied. It is found that there are four main influencing factors. They are the salary rate of management, the education and the management skill of personnel's involved in daily operation and the product attributes. Other factors predicted at the beginning [such as working hours, the number of products] are found to have a negative correlation to the BMT's performance. One important implication of these finding is that there is a serious need to improve the management skill as well as the need to refine the managers' rate of salary.Keywords: Islamic Financial Institutions, Microfinance, Performance evaluation.
INDONESIA’S INTRA -INDUSTRY TRADE WITH ASEAN Agus Widarjono
Economic Journal of Emerging Markets Volume 13 Issue 1, 2008: Indonesian Version
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v13i1.51

Abstract

        AFTA has been starting since 2003. This study will investigate Indonesia’s bilateral trade with ASEAN member by examining intra-industry trade. The Grubel-Lloyd Index is applied to measure intra-industry trade. Intra –industry trade is classified based on factor intensity in the production process. There are natural resource intensive, unskilled labor intensive, physical capital intensive, human capital intensive and technological intensive.         This research shows that level of Indonesia’s intra-industry trade with ASEAN-4 has increased rapidly since 1995. In particular, intra-industry trade level of physical capital intensive (PCI) and technology intensive (TI) is relatively high. An intra-industry trade level of human capital intensive (HCI) and unskilled labor intensive is at medium level. Meanwhile, intra-industry trade level of natural resources industry (NRI) tends to decrease.Keywords: Intra Industry Trade, Inter Industry Trade and Grubel-Llyod Index.
Does Intergovernmental Transfers Cause Flypaper effect on Local Spending? Agus Widarjono
Economic Journal of Emerging Markets Volume 11 Issue 2, 2006
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v11i2.529

Abstract

The local expenditure in Indonesia either province level or district level rely upon intergovernmental transfers. Theoretically, if the lump sums transfers have more stimulate effect on the local expenditure rather than local private income, they can cause the flypaper effect phenomenon. This study investigates whether the intergovernmental transfer leads to the flypaper effect in the province level during 1995-2002. By using the panel data, the results demon-strate that intergovernmental transfers cause the flypaper effect. Our findings also show that the flypaper effect exists heavily at east region as a backward area than west region as a well-developed area. This finding supports the previous research in districts and municipali-ties.Keyword: Intergovernmental transfers, Local government, Flypaper Effect, panel data
Analisis Permintaan Impor Indonesia: Pendekatan Komponen Pengeluaran Agus Widarjono
Economic Journal of Emerging Markets Vol. 9 No. 2 (2004)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v9i2.618

Abstract

This study analyzes Indonesian aggregate imports by using expenditure components approach since Indonesian Economy relies highly on import. The relationship between ag¬gregate imports and the component of final demand expenditure namely public and private consumption expenditure, investment expenditure and export is investigated because the dif¬ferent components of final demand expenditure have different import contents. In addition, the model also includes price of import as a determinant demand for import.Johansen Multivariate co integration is proposed to analyze the import behavior in the long run. To examine response of import to its determinants in the short run, an error correction model is applied. Quarterly data during 1990.1-2003.2 are used for the analysis. The results demonstrate both the components of final demand expenditure and price of im¬port are all important factor in determining aggregate demand for imports not only in the long run but also in the short run.Keywords: Demand for imports, Components of final demand expenditure, Cointegration, Error Correction Model.