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Economic Journal of Emerging Markets
ISSN : 20863128     EISSN : 2502180x     DOI : -
Core Subject : Economy,
The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal is fully open access for scholarly readers.
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Articles 6 Documents
Search results for , issue "Vol. 10 No. 3 (2005)" : 6 Documents clear
Uji Kausalitas : Utang Luar Negeri dan Capital Flight di Indonesia, 1974-2002 Dini Yuniarti
Economic Journal of Emerging Markets Vol. 10 No. 3 (2005)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v10i3.614

Abstract

Some economists have argued that there is no relationship between external debt and capital flight, while others have detected such a relation. Boyce and Ndikumana (2002) distinguish four possible causal links such as, debt-driven capital flight, debt fueled capital flight, flight-driven capital flight, and flight fueled external borrowing.The study examines a causal relationship between external debt and capital flight of Indonesia for the period 1974-2002. We use error correction model to examine a causal rela¬tionship. We find external debt related to capital flight on Indonesia as a feedback/bilateral causality. This empirical evidence supports the debt fueled capital flight and flight fueled external borrowing hypothesis.     Keywords: causal relationship, external debt, capital flight
Analisis Konsentrasi Kemiskinan di Indonesia Periode Tahun 1999-2003 Diana Wijayanti; Heri Wahono
Economic Journal of Emerging Markets Vol. 10 No. 3 (2005)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v10i3.611

Abstract

Poverty issues is related not only to the population of the poor but also to poverty concentration in certain areas. This research deals with concentration pattern of poverty in Indonesia analysed by Theil Entrophy index on poverty report data in 26 provinces in Indonesia 1999-2003. The analysis reveals that poverty is highly concentrated in relatively advanced provinces in Java during 1999-2003.Analysis on gap within region as well as between region in Java resulted in higher Theil index than that of other region. Overall calculation shows that there was a slightly decreasing trend in poverty concentration in 1999-2003. Contributing factors to the trend are education, health and human development quality in the region. Therefore, this research raises the urgency of reassessing the government development strategy that use to be growth oriented. Encouraging economic activities in less developed regions will contribute to economic growth and in turn increase the income of the population in the region.Keywords: poverty concentration, theil entropy index
Dampak Pembangunan Ekonomi dan Keterbukaan Terhadap Pertumbuhan Kota di Indonesia Tahun 1970-2002 Asih Sriwinarti
Economic Journal of Emerging Markets Vol. 10 No. 3 (2005)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v10i3.612

Abstract

This study uses Error Correction Model to test the relationship between urban growth (primacy) and size of country, economic development, density, industrialization and openness. We find that size of country (GDP) and density has less primacy in long term. The results are consistent with expectations from simple economic models of urban structure. In long term, primacy increases with economic development (GDPC), industrialization and openness.Keywords: primacy, economic development, openness, Error Correction Model
The Sustainability of Fiscal Policy and Deficit Budget Financing : Evidence from Selected Muslim Countries Muhammad Zilal Hamzah; Abd. Ghafar b. Ismail
Economic Journal of Emerging Markets Vol. 10 No. 3 (2005)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v10i3.609

Abstract

The sustainability of fiscal policy and how to finance the deficit budget has been receiving increasing attention from economists. The issue is paramount for the Muslim Countries and this is one of the motivations of the paper. In order to assess the sustainability of budget deficits in selected Muslim countries, a descriptive statistics for the stock of revenue, expenditure, tax over GDP and sustainability tests of government debt and deficit are performed for the Muslim countries for the 1971-2000 period. The cointegration model is also used to test the relationship between government expenditures, taxes, and seigniorage. The results show that the Muslim countries use taxes and seigniorage to finance their government expenditures. The empirical results also allow us to conclude that fiscal policy may be sustainable for most Muslim countries. JEL classification: E60; H62; H63;Keywords:    deficit finance; inter-temporal budget constraint; fiscal policy; monetary policy; islamic countries.
Kinerja Kebijakan Fiskal Daerah di Indonesia Pasca Krisis Asnita Frida Sebayang
Economic Journal of Emerging Markets Vol. 10 No. 3 (2005)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v10i3.610

Abstract

In 1999-2002, most of regions have a specific pattern in efficiency. This de¬pends on characteristics of the regions. The greatest different among of regions is fiscal ca¬pacity. Using Data Envelopment Analysis, performance of fiscal policy can be measured. Some variables that used are General Transfer (DAU), Routine Expenditure, Expenditure for Transportation, Local Tax, and Local User Charge.This study found, there are two regions that achieve best performance. They are DKI Jakarta and East Java. These regions are not only efficient but also consistent. Most of effi¬cient region will be a benchmark to the others. On the other hand, each region that is inefficient has different source of inefficiency. Some of them are inefficient in DAU, expenditure, local tax and user charge.The pattern of fiscal capacity and fiscal policy performance indicate that there is a regional development gap in Indonesia. Bali and Java have better performance relative to the others. Because of specific characteristic of region, it is important to make a specific ap¬proach for each region. Keywords: Fiscal Capacity, Fiscal Policy Performance, DEA.
Dampak Kontraksi Sektor Industri Terhadap Penyerapan Tenaga Kerja dan Pendapatan Rumah Tangga di Indonesia Sesudah Krisis (1999) Pendekatan Structural Path Analysis (SPA) Endah Saptutyningsih
Economic Journal of Emerging Markets Vol. 10 No. 3 (2005)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v10i3.613

Abstract

The objectives of this study are analyzing the impact of industry sector’s contraction to income of household institution and identifying how much it influences to employment. For measuring the impact of industry sector to household income, we use multiplier decom¬posision of SNSE. A Structural Path analysis is used to determine which households and which employment influenced by the contraction.The findings indicate that the greatest impact of industry sector’s contraction is on upper class household in urban. The industry sector which gives the greatest impact is a wood sector. That impact also influences a production and manual employee in urban.Keywords:    household institution, employment, Multiplier Decompotition of SNSE, Structural Path Analysis.

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