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Wuri Handayani, Ph.D.
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INDONESIA
Journal of Indonesian Economy and Business
ISSN : 20858272     EISSN : 23385847     DOI : -
Core Subject : Economy,
Journal of Indonesian Economy and Business (JIEB) is open access, peer-reviewed journal whose objectives is to publish original research papers related to the Indonesian economy and business issues. This journal is also dedicated to disseminating the published articles freely for international academicians, researchers, practitioners, regulators, and public societies. The journal welcomes author from any institutional backgrounds and accepts rigorous empirical or theoretical research paper with any methods or approach that is relevant to the Indonesian economy and business content, as long as the research fits one of three salient disciplines: economics, business, or accounting.
Articles 7 Documents
Search results for , issue " Vol 16, No 1 (2001): January" : 7 Documents clear
TEORI PERTUMBUHAN BERBASIS EKONOMI (EKSPOR) : POSISI DAN SUMBANGANNYA BAGI PERBENDAHARAAN ALAT-ALAT ANALISIS REGIONAL Soepono, Prasetyo
Journal of Indonesian Economy and Business Vol 16, No 1 (2001): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

The determinants of regional growth are demand and supply. Demand as a factor for explaining regional growth inquires where the demand comes from and traces its impact through the regional economic system, where a demand for a regional output gives rise to other regional output by way of backward linkages. The export-based theory of growth claims demand as the determinant of regional growth. It seeks to identify the region’ s export activities, to forecast the growth in the activities, and to evaluate the impact of that additional export activity on the other or non-basic activities of the region. The export-based theory plays the role of identifying which sectors/ industries are basic and which ones are non-basic after those sectors/ industries undergoing a shift-share analysis. The export –based theory offers various techniques of determining what a basic sector industry is and various wyas of calculating economic base multipliers. The export-based theory has some disadvantages: no inter-regional inter-industry interdependence, short-run analysis, etc. However, one thing the export-based theory can contribute is that it is useful for small regions like a district (kecamatan), regency (kabupaten) in determining their ability to export and is the first to apply the macro-economic model of income determination to regions.Keywords: basic & non-basic sectors, location quotient, economic base multiplier
PEMULIHAN EKONOMI NASIONAL MENUJU DEMOKRASI EKONOMI Mubyarto, Mubyarto
Journal of Indonesian Economy and Business Vol 16, No 1 (2001): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

Since the monetary and economic crisis in mid-1997 there has never been agreement, or serious debate, on how to measure economic recovery. Is it when foreign exchange rate can be stabilized or after banking recapitalization and business restructurization can be fully implemented? Even when economic growth has resumed mid-1999 and the beginning of 2000, some economist argued that it is still an artificial growth when investment has not recovered to the pre-crisis level.The article proposes different view: that is, because of the important role the Ekonomi Rakyat (estimated about 50-60% of total Indonesian economy), the economic recovery has taken place, and the ekonomi rakyat has made adjustment to the changing situation relatively easily. The argument has been strengthened by our research findings in the regions (provinces, kabupaten, and villages) which shows much smaller rate of economic contraction in 1998. It is expected that regional autonomy to be implemented in the beginning of 2001 will speed up the process of the development of ekonomi rakyat and the realization of economic democracy in the regions and the country as a whole.Keywords: economic recovery, conglomeration, ekonomi rakyat, and regional autonomy.
PENDEKATAN KOREKSI KESALAHAN DALAM PERSAMAAN SIMULTAN STUDI KASUS: PENDAPATAN DAN PENAWARAN UANG DI INDONESIA Pasaribu, Syamsul Hidayat; Saleh, Samsubar
Journal of Indonesian Economy and Business Vol 16, No 1 (2001): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

This paper attempts to introduce and apply the error correction method to estimate the simultanous-equation models and compares its results with the similar method in the case of single equation model.The empirical results show that the estimations in the case of simultanous-equation models have the similar conclusions with the case of single equation models since the fitted values of dependent variables in the reduced-form estimations are relatively close to its actual values. On the other hand, they will be quite diffrence if the fitted values of dependent variables in the reduced-form estimations quite differ from its actual values.The results show that short-run changes in money supply (M) and investment (I) have significant and positive effects on income (Y) while government expenditure (G) is insignificant and that about 0,9151% of the discrepancy between the actual and the long-run, or equilibrium, value of Y is corrected each year by the single equation assumption and 0,8706% by the simultanous-equation assumption.The results also show that short-run changes in income (Y) have significant and positive effects while interest rate (R) is insignificant on money supply (M) and that about 0,2327% of the discrepancy between the actual and the long-run, or equilibrium, value of M is corrected each year by the single equation assumption and 0,2346% by the simultanous-equation assumption.Keywords: ordinary least square, two stages least square, error correction method.
PENGALAMAN ORGANISASI, EVALUASI TERHADAP KINERJA DAN HASIL KARIR PADA KANTOR AKUNTAN PUBLIK: PENGUJIAN PENGARUH GENDER Kuntari, Yeni; Kusuma, Indra Wijaya
Journal of Indonesian Economy and Business Vol 16, No 1 (2001): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

During the last few years, there has been an increase in the number of women working in the field of accounting, specifically working as a public accountant. As a consequence, there has been an increasing gender issue in career opportunity, pro-fession accountability, performance evaluation, conpensation, and career promotion. Having the interesting development of the gender issue, this research has two objectives. Firstly, this research will observe the effect of gender difference to the organizational experience, performance evaluation, and career outcomes in accounting firm. Secondly, this research will observe the relationship between variable of organizational experience and variable of performance evaluation, and also relation-ship between variable of performance evaluation and the variable of career outcomes. The samples of this research are auditors and supervisors working in major accounting firm. The test of hypothesis will use Analysis of variance and correlation. The result of the research shows that in term of organizational experience, performance evaluation and career outcomes, there is no significant difference between male auditor and female auditor. The research test indicates that there is a positive correlation between variable of organizational experience and variable of performance evaluation, and also between variabel of performance evaluation and variable of career outcomes.Keywords: gender, kepuasan kerja, akuntan publik, pengalaman organisasi, hasil karir.
CONFLICT OF INTEREST PROBLEM IN THE MANAGEMENT-CONTROLLED FIRMS Ratnaningsih, Dewi; Hartono, Jogiyanto
Journal of Indonesian Economy and Business Vol 16, No 1 (2001): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

This study hypothesizes that the conflict of interest problem exists in themanagement-controlled firms. The problem does not exist in the owner-controlled firms.This study supports these hypotheses.The conflict of interest problem occurs in the management-controlled firmsbecause managers tend to emphasize their wealth by increasing sales or profit but stockreturns at the expense of shareholders’ wealth. Shareholders are more concerned withthe increase of stock returns, which is related directly to their wealth. On the otherhand, in the owner-controlled firms, since the managers are also the owners of thefirms, the conflict of interest problem does not exist.The conflict of interest problem still persists even though CEOs have beencompensated well. The problem cannot be solved by how much CEOs are paid, but byhow they are paid. The problem can be reduced by designing compensation scheme thatincreases the ownership of the CEOs. This situation had already been recognized by theU.S. firms, that of the 374 firms in the sample, 80% or 300 firms are the ownercontrolledfirms.Keywords: Compensation, conflict of interest, agency relationship.
PENGARUH ALIRAN KAS INTERNAL DAN KEPEMILIKAN MANAJER DALAM PERUSAHAAN TERHADAP PEMBELANJAAN MODAL: MANAGERIAL HYPOTHESES ATAU PECKING ORDER HYPOTHESES? 1) Sartono, Agus
Journal of Indonesian Economy and Business Vol 16, No 1 (2001): January
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Abstract

This paper aimed to test the two agency-based arguments that known as the ‘pecking’ order hypotheses and ‘managerial’ hypotheses at the Jakarta Stock Exchange. Pecking order hypotheses says that manager choose the level of capital expenditure that maximizes the wealth of current shareholders, regardless of the managers’ ownership stake in the firm. According to the managerial hypothesis, manager who have small ownerships take in the firm use internal cash flow to under take a level of capital expenditures higher than that which would maximize the wealth of other current shareholders. Testing on 223 firms that chosen based purposive sampling found there is weak association between capital expenditure and internal cash flow, either between capital expenditure and insider ownership. Overall, the results favour the pecking order hypotheses. Keywords: Pecking Order Hypotheses, Managerial Hypotheses, Capital Expenditure, Insider Ownership, Internal Cash flow
IMPLIKASI KRISIS EKONOMI TERHADAP DESA IDT DAN DESA BUKAN IDT: STUDI KOMPARATIF DESA PURWOHARJO DAN DESA GERBOSARI, KECAMATAN SAMIGALUH, KABUPATEN KULONPROGO, DIY Sulistyaningrum, Eny; Adela, Elphiwin
Journal of Indonesian Economy and Business Vol 16, No 1 (2001): January
Publisher : Journal of Indonesian Economy and Business

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Abstract

Indonesian economic crisis, emerged since 1997, has been an agony carrier for the entire Indonesian economy. Was that statement correct? A field trip to rural areas of an Indonesian Economy Class at the Faculty of Economics Gadjah Mada University, carried out on 25 October 2000, intended to further discover the truth or the flaw of the statement. The study trip was a direct observation of the life and interview of the people in Purwoharjo and Gerbosari. Major concern was the impact of the monetary crisis, known as “krismon”, to Poor and Non Poor villagers. The filled questionaires analysed by crosstabulation method is presented below. Six hypotheses analyzed. The dependent variable is the impact of the monetary crisis experienced by the respondents. The acceptance of most of the null hypotheses suggests that there is no implication of various independent variables such as income groupings and poverty line to dependent variable, that is the impact of the monetary crisis to the life of the rural population.Keywords: poor and non poor villages, social safety net, poverty, income groupings.

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