Wira Ganet Aribowo
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Dampak Domino pasca krisis Eurozone di ASEAN 5 (Thailand, Filipina, Malaysia, Singapura dan Indonesia) Tahun 2008 Wira Ganet Aribowo; Arini Wildaniyati
JURNAL EKOMAKS Jurnal Ilmu Ekonomi Manajemen dan Akuntansi Vol. 12 No. 1 (2023): Jurnal EKOMAKS
Publisher : Universitas Merdeka Madiun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33319/jeko.v12i1.135

Abstract

Abstract— In early 2023 there was an American financial crisis, it’s Silicon Valley Bank and Signature Bank experienced liquidity difficulties, although the context was different and the financial authorities were handling it, but it reminded me of the time when Greece experienced a financial crisis in 2008, many countries were affected by the domino effect to a certain degree. The Greek crisis had an impact on the economic and political stability of the European Union at that time. Contagion's impact was felt in the ASEAN 5 countries (Thailand, Philippines, Malaysia, Singapore and Indonesia) from the Greek financial crisis which also affected the economic and political structure. Therefore it is necessary to evaluate the impact of the crisis on the Indonesian economy to anticipate the possibility of a secondary crisis. Using a descriptive analysis of a quantitative approach, to capture the Domino Effect contagion relationship between GDP, country Debt Ratio, Broad Money and inflation, which occurred during the Greek crisis in 2008 in ASEAN 5 countries (Thailand, Philippines, Malaysia, Singapore and Indonesia) with a time span of 2008 - 2017 The estimation results show that the impact of the Greek crisis will not have a significant impact. This indicates that investors may have realized that the ASEAN 5 economies (Thailand, the Philippines, Malaysia, Singapore and Indonesia) were quite isolated from the Greek crisis and therefore did not change the perception of sovereign risk.
ANALISIS PENGARUH PENGANGGURAN, FOREIGN DIRECT INVESMENT (FDI) DAN MANUFAKTUR TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA (PERIODE TAHUN 2016-2021) Wira Ganet Aribowo
JAMER : Jurnal Akuntansi Merdeka Vol. 4 No. 1 (2023): JAMER (Jurnal Akuntansi Merdeka)
Publisher : Universitas Merdeka Madiun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33319/jamer.v4i1.93

Abstract

Several economic theories can explain economic growth, but what is popular to explain the relevance of the relationship between economic growth, Foreign Direct Investment, Manufacturing and Unemployment is the neoclassical theory where capital flows "downhill" from rich countries (capital abundance) to poor countries (capital scarce). So that all countries can access the same technology and produce similar goods, while the difference in per capita income reflects the difference in the rate of return on capital, new investment will be made in poor countries. On the other hand, the Heckscher-Ohlin model explicitly predicts capital flowing from countries with low interest rates to countries with high interest rates (Pogoda, 2012). After the 1997-1998 economic crisis, in 1999 Indonesia became a member of the G-20 making it a middle income country. More than two decades, Indonesia is in the middle income trap. Within the limits of this study, data were taken for 2016 – 2021, where foreign direct investment, manufacturing and unemployment had an effect on economic growth in Indonesia. As quoted in the World Bank report, Indonesia's per capita income was recorded at US$3,870 in the 2020 World Bank report, making it a lower middle income country. However, in 2021, in a World Bank report, Indonesia's per capita income recorded US$4,140, returning to the upper middle income country class.