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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 "Volume 7 Issue 1, 2015" : 6 Documents clear
The impact of regional autonomy and monetary crisis on economic growth in Yogyakarta Sarastri Mumpuni Ruchba; Ferdy Suhada
Economic Journal of Emerging Markets Volume 7 Issue 1, 2015
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol7.iss1.art6

Abstract

This study analyzes the impact of some factors, especially the implementation of autonomy and monetary crisis on economic growth in Yogyakarta Special Province. The independent variables entered into the model are investment, labor force and government spending, as well as two dummy variables, namely the financial crisis and the 1990-2013 regional autonomy implementations. This study uses multiple linear regression analysis with Ordinary Least Square (OLS). This study finds that investment and regional autonomy do not affect the economic growth in Yogyakarta, while labor force and monetary crisis negatively affect economic growth. The study also finds that government spending has a positive influence on economic growth.
Bank liquidity-stress testing and Basel III implementation in Indonesia Mohamad Adam; Taufik Taufik; Muhammad Aditya Erfiyan Prathama
Economic Journal of Emerging Markets Volume 7 Issue 1, 2015
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol7.iss1.art2

Abstract

This study analyzes the possibility of the implementation of the Basel III, namely the rules of banking sector. The population analyzed in this study comprises the 120 banks in Indonesia. The result shows that Indonesian banking sector has tremendous value if the Basel III standards is applied in Indonesia. Bank BCA has the lowest values with a score of 8.89 while Bank BRI has the highest value with a score of 9.68. This study concludes that the standard rules of Basel III would be able to be implemented in Indonesia.
Flypaper effect at the local governments: an empirical analysis for Aceh Province Irham Iskandar
Economic Journal of Emerging Markets Volume 7 Issue 1, 2015
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol7.iss1.art3

Abstract

The objective of this reseach is to test the phenomenon of flypaper effect in local governments in Aceh Province during 2008 to 2012. The research used panel data analysis. Technically, it regresses the independent variables of the local owned revenue and unconditional grants on dependent variable of public spending where the institutions as a moderating variable. The flypaper effect was found in the case of public and infrastructure expenditures. The study also found that the institution is capable to reduce the use of unconditional grants. It means that by the role of institution the local owned revenue can be optimized.
Developing an empirical Environmental Kuznets Curve Ferry Purnawan; Akhmad Fauzi; Sahat M. H. Simanjuntak
Economic Journal of Emerging Markets Volume 7 Issue 1, 2015
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol7.iss1.art5

Abstract

This study aims to develop a model of Environmental Kuznets Curve (EKC) that relates between environmental pollution level and the prosperity level in Tangerang City. The method uses two models of pooled data regression technique namely, Random Effect Model (REM), and Fixed Effects Model (FEM) both quadratic and cubic. The period of observation is 2002-2012. The results suggest that relationship between per capita income and the level of environment quality, reflected as the BOD concentration (Oxygen Biological damage) and COD (Chemical Oxygen Damage) can be explained by the quadratic FEM model and follow the EKC hypothesis even though the turning point is not identified.
Structural breaks and fiscal sustainability of the Indonesian government budget Ivantia S. Mokoginta; Ria Marisa Stephanie
Economic Journal of Emerging Markets Volume 7 Issue 1, 2015
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol7.iss1.art4

Abstract

The purpose of this study is to identify government policy regimes or structural breaks as indicated by significant changes in debt to GDP ratio and to identify fiscal sustainability in Indonesia from 2000 to 2013. Using Fiscal Reaction Functions framework and Smooth Transition Regression, the study found two structural breaks following the three regimes. Foreign debt repayment dominates the government policy during Regime I. Fiscal consolidations and discipline such as reducing energy subsidies in 2002 and 2005, managing debt portfolio and increasing government revenues were dominant during Regime II. In Regime III, the government increases domestic debt, particularly to finance stimulus package. This study also found that the Indonesian fiscal is unsustainable during the period of study. Overall, the findings seem to suggest that managing government debt through fiscal consolidations, foreign debt repayment and debt portfolio management is not sufficient to achieve long-term fiscal sustainability.
The evaluation of the implementation of regional autonomy in Indonesia Rudy Badrudin; Baldric Siregar
Economic Journal of Emerging Markets Volume 7 Issue 1, 2015
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol7.iss1.art1

Abstract

The implementation of regional autonomy has been running nearly 15 years. In fact, the purpose of regional autonomy for improving the welfare has not been fully achieved. This study aims to evaluate the implementation of regional autonomy in improving the welfare by using capital expenditure and growth as an intervening variable. We use the data of 461 counties and cities, the period of 2006-2013, Partial Least Square for testing hypotheses. Empirical evidence shows that decentralization significantly effect on capital, growth, and welfare. Capital has a significant effect on growth but does not has a significant effect on welfare. Growth has a significant effect on welfare.

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