bluuebunny/crossref_metadata_2025_split huggingface dataset:
QUARTERLY ANALYSIS: The Progress of Monetary, Banking and Payment System Quarter 2, 2009
Authors: Bank Indonesia Quarterly Report Team 
Published: January 2017

Developments in the global economy suggest a gathering momentum in the recoveryprocess, although still daunted by risks. process, although still daunted by risks. In developed nations, various indicators of macroeconomic recovery have shown an improving trend. Government-sponsored stimulus packages and financial sector stabilisation programmes have successfully bolstered public confidence, and in turn strengthened consumption. Conditions on credit markets have also begun to improve in an added development encouraging greater private consumption. Despite this, stubbornly high levels of unemployment pose risks daunting the economic recovery process in these nations. On the other hand, economic recovery is gaining momentum in emerging market countries, led by China, India and Korea. Investment activity in China, under way since the beginning of the year, is supported by a fiscal stimulus through infrastructure spending and brisk credit expansion Resurgent domestic demand in these Asian economies has stimulated improved economic performance in other countries in the region. Despite this, the economic improvement in some emerging market countries is not yet regarded sufficient to compensate for the slowdown in advanced economies. In response to these developments, further contraction is predicted in the global economy, although at a lesser pace.
DAMPAK ASIMETRIS TERHADAP OUTPUT DALAM SEBUAH SERIKAT MONETER DENGAN PENDEKATAN META-ANALYSIS
Authors: Ridhwan MHA. 
Published: January 2017

The regional impact of the monetary policy has been a crucial issue especially on its distributional impact. Using Meta-Analysis, this paper run a quantitative survey on previous studies to explain the asymmetric impact of national policy on economic growth across region. Based on selected criteria we have similar researches on sample data; mainly they used VAR method.Our model estimation shows the significant and importance of capital intensity degree, the financial depth and several macroeconomic indicators in explaining the different result across region and period of these studies. In general our finding confirms the robustness of their result.Keywords: Monetary union, output, Meta-AnalysisJEL Classification: E52, R11, C83
ANALISIS DETERMINAN PERUBAHAN PENAWARAN BARANG EKSPOR INDONESIA
Authors: Sarwedi Sarwedi 
Published: January 2017

This study analyzes the effects of structural economic movement on the change of indonesia’s exports and examines the validity of the ignacy theory concerning structural economic movement in relation to the changes of of export composition. The study utilize an ordinary mechanism of WLS, namely the Wald model.The estimation resulted through the combination of ECM and WLS shows that the price of export goods/merchandises has a positive effect and is significant in the short-term. Yet, over the long-term period, the increase in export commodity price causes the decrease in export volumes. Meanwhile, the relationship between export volume and inflation is not significant, either in the short-term or long-term. Foreign exchange interestingly has a positive and significant relationship with the export volume over a short-term period, but in the long-term it has a reverse effect, that is, it decreases export volume. Foreign investment has a positive and significant relationship with export volume in the long-term, the significance, however, weakens over the short-term period.The structural economic movement has a positive and significant relationship over a short-term period with export volume, but over long-term period the relationship is not statistically strong. Thus, the structural economic movement towards more on the growth of industry sector could stimulate the growth in export aggregately. This evidence provides further support on the Ignacy theory (1980) if it is applied on Indonesian international economy, especially for the period of 1983-1997.JEL Classification: C32, F14, O24Keyword: Weighted Least Square, Error Correction Model, Structural Economic Movement, Export Change
ANALISIS PENGARUH SOCIAL VALUES TERHADAP JUMLAH PERMINTAAN UANG ISLAM DI INDONESIA
Authors: Gustiani Ebrinda Daisy , Ascarya Ascarya , Effendi Jaenal 
Published: January 2017

Sebagai salah satu instrumen yang ada dalam sistem ekonomi Islam, zakat menjadi penting untuk diteliti pengaruhnya dalam formulasi kebijakan moneter di Indonesia, terutama berhubungan dengan jumlah uang. Selama ini masih belum ada seseorang yang membuktikan secara empiris pengaruh zakat sebagai salah satu instrumen dalam kebijakan moneter, terutama jumlah uang di Indonesia. Oleh karena itu, perlu dibuktikan apakah zakat sebagai salah satu yang merupakan variabel social values dalam pemikiran Umer Chapra berpengaruh dalam jumlah permintaan uang Islam di Indonesia. Data yang digunakan dalam penelitian ini seluruhnya merupakan data sekunder dalam series bulanan berawal dari Januari 2001 sampai dengan Desember 2007. Metode yang digunakan dalam penelitian ini adalah metode Vector Autoregression (VAR) yang dilanjutkan dengan metode Vector Error Correction Model (VECM) jika terdapat kointegrasi dengan bantuan software Eviews 4.1. dan Microsoft Excel 2003. Secara umum kita dapat melihat hubungan pada jangka panjang hanya pada model permintaan tabungan mudharabah dan deposito mudharabah saja. GDP berpengaruh signifikan untuk setiap model permintaan uang (kecuali pada giro wadi’ah) karena baik pada sistem syariah maupun konvensional, jika masyarakat lebih sejahtera maka asumsinya permintaan uang akan meningkat. Untuk variabel social values dan return syariah pada beberapa model pengaruhnya negatif dikarenakan sistem syariah masih di dominasi oleh sistem konvensional. Hal ini disebabkan karena faktor uang kartal, conspicious consumption dan social values itu sendiri. RS tidak signifikan pada beberapa model persamaan dapat dijelaskan dengan melihat opportunity cost dari memegang uang. Untuk saat ini karena beberapa alasan sebelumnya variabel social values belum begitu terlihat pengaruhnya terhadap jumlah permintaan uang di Indonesia.JEL Classification: JEL Classification: C32, E41, P52Keywords: Money demand, social values, Islam, VAR/VECM
PERDAGANGAN BEBAS REGIONAL DAN DAYA SAING EKSPOR: KASUS INDONESIA
Authors: Widyasanti Amalia Adininggar 
Published: January 2017

Indonesia has involved in quite many regional trade agreements, since more than a decade ago. Theoritically, Free Trade Agreements (FTAs) are very beneficial to the countries, as resources are more efficiently allocated due to production specialization. However, presence of asymmetric information, market inefficiency, and economic distortion in the real world have led to a deviation of FTAs benefits from its theoritical framework. This paper studies whether Indonesian export competitiveness is improving after Indonesia involves in ASEAN Free Trade Agreement (AFTA) and ASEAN-Cina Free Trade Agreement (ACFTA). Export competitiveness are measured by some trade indicators, such as: trade intensity index, market share, export product dynamics, and RCA, for some Indonesian main export products. The indices are compared across ASEAN countries and Cina to reveal: (i) which products are gaining or losingcompetitiveness in ASEAN and Cina markets; and (ii) which countries are becoming Indonesian main competitors in ASEAN and Cina markets. Additionally, this paper ends up with some policy recommendations that Indonesia should undertake to improve competitiveness of its products in ASEAN and Cina markets.JEL Classification: R11, F16Keywords: FTA, export competitiveness, Indonesia
THE IMPACT OF FISCAL POLICY ON THE OUTPUT AND INFLATION
Authors: Surjaningsih Ndari , Utari G. A. Diah , Trisnanto Budi 
Published: January 2017

This study examines the impact of fiscal policy on output and inflation, along with a look at discretionary fiscal policy and how it impacts the volatility of output and inflation. Model Vector Error Correction Model (VECM) was applied over quarterly data, covering the period 1990 to 2009. Empirical results showed that there is a cointegration relationship between government spending and taxes with respect to output in the long-run.Unlike government spending, in the long-term, taxation has a positive effect on economic growth. Short-term adjustment suggests that anincrease in government spending has a positive effect on output, while a tax increase has a negative effect. There is a greater influence of government spending on output in the short term compared to taxation policies. Therefore, government spending is more effective to stimulate economic growth especially in times of recession, compared to taxation policies. While the increase in government spending causes a decrease in inflation, tax increases lead to higher inflation. This study also indicates the absence of discretionary fiscal policy made by the government of Indonesia. Keywords : Inflation, output, fiscal policy, tax, discretionary, VECM.JEL Classification: E31, E62
SURVEY MEASURES OF INFLATION EXPECTATION
Authors: Tjahjono Endy Dwi , Harmanta Harmanta , Purwato Nur M. Adhi 
Published: January 2017

The research objective was to analyze various survey measures of inflation expectation in Indonesia. We found that the heterogeneity of inflation expectationamong economic agents and professional forecastersfor short forecast horizon is very low. Survey measures of inflation expectation appear to be forward looking, but only for relatively short horizon. Although the magnitude and length vary across measures of inflation expectation, we find that shock to inflation expectation significantly affect the dynamics of the actual inflation rate. Based on the accuracy, the effect on actual inflation and directional information that they have in predicting current and future inflation, inflation expectation from Consensus Forecast outperformed the others. Keywords: Inflation expectation, Vector Auto Regression, balanced score.JEL Classification: C42, E31
OFFSHORE AND ONSHORE IDR MARKET: AN EVIDENCE ON INFORMATION SPILLOVER
Authors: Cadarajat Yayat , Lubis Alexander 
Published: January 2017

This paper investigates the information transmission between off-shore and on-shore Rupiah currency markets Indonesian. We found the evidence of persistent volatility in all IDR/USD markets. Using EGARCH model on daily data for the period of 2008 - 2011, this paper provide several empirical conclusions.-First, the persistent volatility in all IDR/USD currency markets is evident. Second, the leverage effects are present in the rupiah exchange rates, indicating that IDR/USD markets have responded more to depreciation than appreciation, which is generally common in emerging market currencies. Third, the evidence of mean spillover are observed to be uni-directional; from NDF to both spot and forward rupiah markets. However, there are two ways return transmission between NDF and forward rate changes in the period of Europe crisis. Fourth, on the volatility, the spillover is only significant from NDF market to spot market for the entire period. However, in the time of crises, there is interdependence between volatility in offshore NDF and onshore spot rate changes, while information transmission is only valid from NDF to forward rate changes, not the other way around. Fifth, the negative spread of domestic interest rate may lead to depreciation pressure on the currency and positive spread may indicate the appreciation pressure. Keywords: Foreign Exchange, Non-Deliverable Forward, exchange rate, spillover, EGARCH.JEL Classification: F31, G13, C51
EARLY WARNING INDICATORS STUDY OF BANK RUNS IN INDONESIA : MARKOV-SWITCHING APPROACH
Authors: Simorangkir Iskandar 
Published: January 2017

A run on a particular bank can lead to a banking crisis if it spreads to other banks (contagious effect). In the case of Indonesia, bank runs have also reoccurred time and again. In 1992, bank runs affected several national banks, subsequently precipitating the liquidation of one bank. Then in 1997/1998, bank runs developed into the worst banking crisis ever witnessed in the banking history of Indonesia. Considering the extent of losses attributable to bank runs and the banking crisis, extensive studies on the early warning indicators of bank runs are urgently required to prevent future bank runs and banking crises. This paper aims to comprehensively analyse the early warning indicators of bank runs for all banks in Indonesia, both during the sample period of 1990-2005 as well as during the banking crisis in 1997-1998. The study of early warning indicators of bank runs uses the Markov-Switching model. To calculate the transition probability from a tranquil state to a state of bank run uses the Markov-Switching process through an auto-regressive approach. The change in deposits held at each bank is used as a variable of bank runs. The results of Markov-Switching (MS) show that the MS model is robust as an early warning indicator of bank runs. This is reflected by testing, which was performed on the actual incident of 102 banks, showing that the MS model only produced false signals an estimated 0.69% - 2.08% of the time. Keywords: Bank Runs, Early Warning Indicators, Markov-SwitchingJEL Classification: C22, G21
APAKAH TATA KELOLA PEREKONOMIAN DAERAH DI INDONESIA TELAH MENINGKAT?
Authors: Kuncoro Haryo 
Published: January 2017

Governance has gone through radical changes over the last twenty five years.Seemingly, it became one of the important strategies, processes, methods and mechanisms in governing countries to achieve economic development goals. The objective of this paper is to observe the local economic governance dynamics in the case of districts/municipalities in Indonesia. First, the dynamics behavior of local governance over time is analyzed by visual inspection of their non-parametric density distribution. More deeply, we use Markov chains to predict a pattern of change in local economic governance toward its steady state. Based on comparison between 2007 and 2011 data delivered by Commission of Regional Autonomy Implementation Watch, we conclude that there is a high level of persistence in the relative position of local governance index, consistent with a low degree of mobility in the index distribution implying the implementation of governance in the districts/municipalities in Indonesia is weak enough. This finding implies that the local economic governance is a key to achieve sustainable regional economic growth in line with fiscal decentralization and regional autonomy.Keywords : Local Economic Governance, Decentralization, Regional Economic Growth, Kernel Densities, Markov ChainsJEL Classification: H70, O43, O56
Measuring the Time Inconsistency of Monetary Policy in Indonesia
Authors: Rahmahdian Rini , Warjiyo Perry 
Published: January 2017

This study measured the time inconsistency of monetary policy in Indonesia using the asymmetric preference parameter in linear exponential loss function of the central bank. Asymmetric central bank preference becomes an important issue since many of the results on the time inconsistency problem under symmetric preferences may no longer hold under asymmetric preferences. Using two sub-samples, i.e. before and after the implementation of central bank independence act, the conditional mean and the conditional variance of the output gap were estimated and then proceed to estimate the reduced form of the model. The results showed the existence of an asymmetric preference parameter before the Bank Indonesia independence act, which indicated the presence of a time inconsistency problem of monetary policy. This finding implies Bank Indonesia put a negative weight instead of positive weight on the output gap prior to its independency. However, after the implementation of central bank independence, the monetary policy of Bank Indonesia has been consistent with symmetric policy preference over price stability and output. Keywords: Time inconsistency, discretionary, monetary policy, asymmetric central bank preference, output gap, inflation bias.JEL Classification : E52, E58
THRESHOLD OF REAL EXCHANGE RATE AND THE PERFORMANCE OF MANUFACTURING INDUSTRY IN INDONESIA
Authors: Surjaningsih Ndari , Maryaningsih Novi , Savitri Myrnawati 
Published: January 2017

This paper analyzes the presence of the threshold of the real rupiah exchange rate which influences the profitability of manufacturing industry in Indonesia. By using a non-dynamics panel data over medium and large scale companies during 2001-2009, we found the threshold of 82.4 for the real rupiah exchange rate (REER). The REER index ranging from 82.24 to 101.13 with the change value between -5.01% and 20.09% (yoy) is secure for the profitability of Indonesian manufacturing industry. This paper also conform the significant affect of Total Factor Productivity on firm’s profitability. Keywords: Profitability, Manufacturing industry, exchange rate JEL classification: F1, D21, L6
THE IMPACT OF CRUDE PALM OIL PRICE ON RUPIAH’S RATE
Authors: Aprina Hilda 
Published: January 2017

Indonesia is a largest producer of Crude Palm Oil in the world, with increasing production and export from time to time. Since Indonesia now adopts a floating exchange rate regime, the export of such commodity may influence the real exchange rate, and this is the aim of this paper. By applying simultaneous equation model on data from 1984 to 2011, we conclude that the increase in CPO price will lead to an appreciation of Rupiah’s real exchange rate. As a major producer of CPO, the authority should be able to control the world price of crude palm oil to help controlling the stability of Rupiah’s rate. Keywords: CPO, simultaneous equation, real exchange rate.JEL Classification: E2
ANALISIS PERILAKU INSTABILITAS, PERGERAKAN HARGA, EMPLOYMENT DAN INVESTASI DI DALAM SEKTOR PERTANIAN INDONESIA: Aplikasi Vector Error Correction Model
Authors: Irawan Andi 
Published: January 2017

In a long run perspective, the aim of this research is to analyze the impact of the inflating-policy on the employment growth, and the agriculture investment. From a short run perspective, the aim covers (1) the identification of agriculture price instability on certain economic blocks, (2) the analysis of inflation behavior in the agriculture sector and its causality both to output price and input prices and the causality within the input prices.We apply the Vector Error Correction Model, Johansen Cointegration Test, and Granger Causality Test on a monthly series data from 1993:01 to 2002:12. The result shows the production and capital inagriculture sector are responsive to the output price change. This inflating the output price will effectively help to generate the output and a new investment in this sector. However, as the price shock can be a source of instability, the government should be careful to apply this price inflating policy. In addition, to solve the unemployment problem in agriculture sector, the government should apply the cost strategy, such as input price subsidy policy.JEL: C32, C52, O13, Q11, Q18Keyword: Employment, Investasi, Agriculture,Johansen, Cointegration Vector Error Correction Model, Causality Test
Suppressing Zoysiagrass in Cool‐Season Turf with Topramezone
Authors: Patton Aaron J. , Weisenberger Daniel V. 
Published: January 2017

Core Ideas
Zoysiagrass is a desirable turf, but it can spread into adjacent areas where it is unwanted.
No selective herbicide is registered for use to suppress zoysiagrass in cool‐season turf.
Our study demonstrated that Pylex (topramezone) provides zoysiagrass supression.
Path Loss Measurement and Channel Modeling with Muscular Tissue Characteristics
Authors: Qin Yu-Ping , Zhang Shuang , Liu Hai-Yan , Liu Yi-He , Li You-Zhi , Peng Xue , Ma Xiu , Li Qi-Li , Huang Xuan 
Published: January 2017

Background:
The galvanic coupling intra-body communication has low radiation and strong anti-interference ability, so it has many advantages in the wireless communication.

Method:
In order to analyze the effect of muscle tissue’s characteristics upon the communication channel, we selected the muscle of pig buttock as the experimental sample, and used it to study the attenuation property with the galvanic coupling intra-body communication channel along the parallel direction and the transverse direction relative to the muscular fibre line as well as on the surface of destroyed muscular fibre; the study frequency ranges from 1kHz to 10MHz.In the isotropic experiment, in order to destroy muscle’s fibre characteristics, we grinded the muscle four times, at least five minutes for each time. 0dbm sine-wave signal was input to measure the channel attenuation parameter S21 when the transmitter and the receiver were placed at different positions and different distances d1 and d2 (20mm, 40mm, 60mm), so as to analyze channel loss.

Conclusion:
Within the same frequency range and at the same communication distance, the maximum error of channel attenuation was 10dB; within the same frequency, as the communication distance was increased, the channel attenuation rose gradually, with 4dB increased every 20mm. The conclusion provides the basis for building the theoretical model in the future.
PERILAKU BISNIS PETANI DALAM USAHATANI BERAS SEMI ORGANIK DI KECAMATAN PANDAK KABUPATEN BANTUL
Authors: Hermawan Arif , Witjaksono Roso , Harsoyo Harsoyo 
Published: January 2017

This research aimed to know farmer s business behavior in semiorganic rice farming and also to know factorswhich influence it. This research was using descriptive analytic method by survey technique. Subdistrict, villages,andfarmer group/association offarmer group samples were chosen by purposive method. 60 group member samples were taken from every farmer group/association offarmer group sample by proportional random sampling. Data was analized by Proportion Test and Multiple Linear Regression Analysis.The result of research shows that most of farmers have good business behavior in semiorganic rice farming. Business knowledge, role of farmer group leader, and farmer activity in extension give positive influence to farmer business behavior, while motivation, income alocation, working experience, type of business information resources, and outside capital do not influence its business behavior in semiorganic rice farming.
The Effectiveness of Guided Discovery Learning to Teach Integral Calculus for the Mathematics Students of Mathematics Education Widya Dharma University
Authors: - Yuliana , - Tasari , Wijayanti Septiana 
Published: January 2017

The objectives of this research are (1) to develop Guided Discovery Learning in integral calculus subject; (2) to identify the effectiveness of Guided Discovery Learning in improving the students’ understanding toward integral calculus subject. This research was quasy experimental research with the students of even semester in Mathematics Education Widya Dharma University as the sample. Cluster Random sampling was conducted to determine control group that was taught using Conventional model and experimental group that was taught using Guided Discovery Learning model. The instruments of this research included pre-test, post-test, and student’s response questionnaire. The data of post-test was analyzed using T-test. The result was H0 was rejected for the level of significance The result of this data analysis found out that Guide Discovery Learning was more effective than Conventional Model. It was supported by the result questionnaire. The result of questionnaire that more than 75% questionnaire items got 67.65% positive response. It means Guided Discovery Learning can increase students’ interest in joining integral calculus class.