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This study aims to determine the significance of Green Sukuk in enhancing Indonesia's economic development strategy in the new normal era. - The method employed was quantitative with forecasting. Furthermore, the researchers employed the least squares quantitative and historical analogy qualitative techniques. The study's findings indicate Green Sukuk's role in boosting Indonesia's economic development plan in the new normal era. The implications of the study are likely to add to the body of knowledge linked to the function of Green Sukuk in enhancing Indonesia's economic growth strategy in the new normal era. Increasing the number of issuances and contributions of State Sukuk (Islamic bonds/shariah-compliant bonds) to APBN funding, with an annual average of roughly 30% of total Government Securities (SBN) financing. To the best of the researchers' knowledge, this is one of the first attempts to empirically study the function of Sukuk in boosting Indonesia's economic development strategy in the new normal era. [ABSTRACT FROM AUTHOR]

The post-Covid-19 global economic landscape has yielded complex challenges. Given bleaker global growth prospects, moderating commodity prices and a higher cost of borrowing, the Indonesian government took a conservative approach to fiscal policy by narrowing the budget deficit to ease the financing pressures. Meanwhile, the central bank, Bank Indonesia, implemented contractionary monetary policy by raising the reserve requirement and policy rates. Weaker global demand, along with limited policy support, contributed to a decrease in economic growth, from 5.3% in 2022 to 5.0% in 2023. The government's conservative approach in 2023 helped produce a surplus in the primary balance, a narrower budget deficit and a lower government–debt ratio. Nonetheless, much is to be done, as more development is needed to encourage long-term growth while revenue collection has been relatively low. Improvement in tax policy and administration will be crucial to allow the government to collect more revenue, including a comprehensive review of tax incentives and exemptions. The efficacy of spending also needs to be further improved by consistently reforming energy subsidisation, reallocating spending to growth areas, better aligning local development policies with the national position, and better targeting poverty-alleviation programs. [ABSTRACT FROM AUTHOR]

Protectionism in Indonesia has been returning since the mid-2000s following a brief period of deregulation and liberalisation after the Asian financial crisis (AFC). This Survey reviews recent developments in Indonesia's trade policy. It argues that the current approach to trade appears to vacillate between ambivalence, pragmatism and nationalism. Three cases are used to demonstrate the interplay between these characterisations: 'downstreaming' and local content requirement policies, Indonesia's relationship with the World Trade Organization (WTO) and the proliferation of trade agreements, and the commodity balance sheet approach to trade. The paper argues that increasing trade and integrating further into the global value chains are important to have faster economic growth and one way to facilitate that is by improving logistics infrastructure. [ABSTRACT FROM AUTHOR]

Economic globalization is a process of integrating the national economy into the global economic system carried out by TNC, WTO, IMF and World Bank actors. Economic globalization is the increasing economic integration and interdependence of national, regional and local economies throughout the world through the intensification of cross-border movement of goods, services, technology and capital. Globalization causes trade between countries to become freer. This is one of the greatest benefits for nation building. Domestic industries experience reduced trade barriers and have access to wider international markets. Economically, Indonesia depends on international trade, production and finance. Therefore, the Indonesian state is vulnerable to international pressure and globalization. Economic globalization has an impact on national economic laws which must appear as an integration mechanism that can harmonize various internal interests of the nation, national and international interests as well as between sectors of national life. Economically, there is pressure on increasingly competitive trade, multinationalization of production, integration of financial markets and the influx of global capital investment. In facing the impact of economic globalization, the strategy used is to play an active role in the negotiation process with globalization actors and create national economic laws, especially regarding foreign investment, which accommodate global value interests to be utilized for national economic development. . [ABSTRACT FROM AUTHOR]

The Indonesian government has submitted its plan for nationally determined contributions (NDCs) to the United Nations and has committed to achieving net-zero emissions (NZEs) by 2060. While looking to reduce emissions from forestry, the government has prioritised a transition to renewable energy in the energy sector. However, Indonesia faces challenges owing to its lower-middle-income status, limited budgets and constraints in attracting international finance. This paper aims to assess Indonesia's potential for realising its energy transition goals. It evaluates the country's economic strength, past experiences in energy transition and the current status of ongoing initiatives. It concludes that significant progress is possible, but achieving NZEs by 2060 remains a major challenge. [ABSTRACT FROM AUTHOR]

Copyright of Jurnal Kreasi Rakyat (JKR) is the property of Jurnal Kreasi Rakyat (JKR) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: This paper estimates the possibility of a financial crisis in Indonesia using an early warning system (EWMS) model. Method: A quantitative EWMS model has been developed to detect a potential financial crisis in 2023 based on the econometric logistic probability model (Logit). Findings: Based on the model estimates, Indonesia is expected to enter a financial crisis without adequate macroeconomic policies in the next 12 to 24 months. In recent years, Indonesia has implemented prudent macroeconomic policies such as increasing the Bank Indonesia policy rate and sustaining the state budget to avoid the impact of a deep financial crisis. Implications: To avoid the potential for further financial crises, Indonesia must implement a wider range of crisis mitigation policies. Oiginality/value: Although many argue that financial crises are predictable, it has been demonstrated in the literature that little is known about how to prevent them. This paper contributes to providing empirical evidence to address these issues. [ABSTRACT FROM AUTHOR]

This study aims to determine the best model for a currency crisis in Indonesia (1991-2019) influenced by Fundamental and Contagion Effects. Fundamental factors consist of many macroeconomic indicators, while contagion is the impact of the crisis in other countries (Philippines, Korea, Thailand, Malaysia). The determination of a crisis period is based on the critical value of the EMPI (Exchange Market Pressure Index); the signal analysis approach ascertains the signal source of the vulnerability of macroeconomic indicators. The Fundamental and Contagion Effects in EMPI are modeled as the Polynomial Distributed-Lag. Apart from being better than cross-section data modeling, this model was also used to determine when the initial shock crisis happened. It complements Minsky's approach, which analyzed the crisis from the initial causes. Modeling using macroeconomic indicators shows that Fundamental and Contagion Effects are crucial in EMPI. Conversely, modeling only involving Leading Indicators shows that Contagion Effects are insignificant in EMPI. This means that Leading Indicators dominantly determine EMPI behavior, denying the role Contagion Effect. [ABSTRACT FROM AUTHOR]

We analyze how regional economic structures affect the impact of monetary policy on rates of inflation across 34 Indonesian provinces. The paper first applies structural factor augmented vector autoregressive model (SFAVAR) to all the 34 provinces based on monthly provincial data in order to measure the length and magnitude of responses of regional inflation to monetary policy shock, derived from the consequential impulse response functions of 34 provinces. In the second step, we analyze the impact of economic structures on the length and magnitude of regional inflationary responses of 34 provinces. We find that the impacts of monetary policy across regions are significantly influenced by economic structural variables such as manufacturing sector share to GDP, mining sector share to GDP, bank lending share to GDP and export share to GDP. In addition, we found the spatial lag, rate of inflation of neighboring provinces, is also statistically significant. In a similar fashion, economic structural variables such as manufacturing sector share to GDP, construction sector share to GDP and investment share to GDP are found statistically significant in explaining regional differences of monetary policy efficiency. Our findings imply economic structures of provinces have to be incorporated to designing monetary policy in Indonesia. [ABSTRACT FROM AUTHOR]

Copyright of Linguistika: Buletin Ilmiah Program Magister Linguistik Universitas Udayana is the property of Program Studi Magister Linguistik Program Pascasarjana Universitas Udayana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The purpose of this study is to detect the currency crisis in Indonesia by exploring the vulnerability of macroeconomic variables. The Exchange Market Pressure Index was used to determine the crisis period by modeling the threshold value. Early indicators were determined using the signal analysis approach; therefore, the vulnerability level of each macroeconomic variable is known and used to determine the leading indicators. The result showed that the Signal Analysis and Herrera–Garcia approaches are the best detection models. Furthermore, it was concluded that the Signal Analysis approach was better in detecting crises compared to the Herrera–Garcia approach. [ABSTRACT FROM AUTHOR]

This study aims to analyze the effect of the effectiveness of internal control, independent commissioners, the expertise of the board of commissioners, the number of audit committees, and the expertise of the audit committee on tax avoidance in manufacturing companies listed in Indonesia Stock Exchange period 2016-2018. This research is expected to be a material consideration for companies in making decisions related to taxation. The deductive approach used in this study by developing hypotheses based on relevant theories and findings of previous studies. Agency theory is used to see the effect of corporate governance on tax avoidance. The data collection method uses secondary data from the company's financial statements and annual reports according to specific criteria. Data analysis was performed by descriptive statistics and multiple linear regression. The results of the regression analysis prove that effectiveness of internal control and number of audit committees had a positive effect which means higher effectiveness of internal control and number of audit committees cause more tax avoidance, conversely independent commissioners and expertise of the board of commissioners had a negative effect which shows greater independent commissioners and expertise of the board of commissioners cause less tax avoidance. Another result claim that the expertise of the audit committee did not affect on tax avoidance. In contrast to previous studies, this study is more varied by combining several independent variables. [ABSTRACT FROM AUTHOR]

Despite economic growth in middle-income countries across the global south, pockets of food poverty persist in the countryside. An accepted account suggests that many of the poor are stuck in a 'truncated agrarian transition' where neither agriculture nor labour markets provide sufficient opportunities. Yet, statistics indicate that many have moved out of poverty, even as undernourishment continues. Exploring an Indonesian periphery, this paper interrogates this conundrum. It describes a 'sideways scenario' where change fails to map onto both expectations of forward development and stagnation described by established theory. While many progress in quotidian terms, persistent food poverty and stunting remain. Here, 'advancing sideways' amounts to a paradoxical form of progress. [ABSTRACT FROM AUTHOR]

Copyright of Share: Journal of Islamic Economics & Finance / Jurnal Ekonomi dan Keuangan Islam is the property of Share Jurnal Ekonomi dan Keuangan Islam and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Share: Journal of Islamic Economics & Finance / Jurnal Ekonomi dan Keuangan Islam is the property of Share Jurnal Ekonomi dan Keuangan Islam and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Share: Journal of Islamic Economics & Finance / Jurnal Ekonomi dan Keuangan Islam is the property of Share Jurnal Ekonomi dan Keuangan Islam and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Share: Journal of Islamic Economics & Finance / Jurnal Ekonomi dan Keuangan Islam is the property of Share Jurnal Ekonomi dan Keuangan Islam and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista Espacios is the property of Talleres de Impresos Oma and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study aims to determine the relationship between macroeconomics variables, including investment, export, and e-money transactions towards economic growth in Indonesia. This research applied Vector Error Correction Model (VECM) in order to determine long-term and short-term relationships between the variables. This research used quarterly time-series data during 2010- 2017 from the Central Bank of Indonesia, Statistics Indonesia and Investment Coordination Board in Indonesia. For the analysis purposes, the study used a stationary test, long-lag test, cointegration test, and a causality test. The empirical results of this study show that in both short and long terms, investment has a positive impact on economic growth in Indonesia, while export and e-money transactions have a negative impact on economic growth in Indonesia during the research period. These findings provide insights for future research on investments, as both physical investment and human investment may potentially boost economic growth. [ABSTRACT FROM AUTHOR]

Since the Reform Era began in 1998, a democratization process has taken place in Indonesia. By assessing the three elements of state, economy, and society, and the evolution of their interactions, this study concludes that Indonesia's contemporary political condition has been shaped by a continuously strong and dominant state, increased participation of society, and the adoption of the developmental state model. The state remains a dominant actor since a strong presence and role of the state continues to be sustained by the elites to maintain power. Society's demands to receive government assistance have deepened the state's role. While in the past the state was heavily supported by the military, today, the presence of the military within the democratic system has significantly diminished and been replaced by different economic actors. The elites are more dependent on support from society to remain in power and to implement policies that are generally achieved through economic incentives. Public participation appears in a majority of social, economic, and even political affairs, mainly to fulfill the requirement of being democratic. As for the economy, its role is becoming larger and has increasingly been used to replace the coercive power approach. [ABSTRACT FROM AUTHOR]

Copyright of Revista Espacios is the property of Talleres de Impresos Oma and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The aspiration to achieve food self-sufficiency has returned to the Indonesian policy agenda in the post-reformasi period. After being side-lined as a policy goal immediately after the transition to democracy, political leaders since 2009 have increasingly cited self-sufficiency to justify policies to raise domestic food production and reduce food imports. These policies are often inefficient and at odds with the goals of food security and decreasing poverty. The self-sufficiency drive is thus often attributed to 'political' motives. But what kind of politics is at work in Indonesia's renewed self-sufficiency drive: a broad-based politics that aims to foster support among smallholder food producers, or an elite politics based on rent-seeking by narrow constituencies? The distributional implications of food self-sufficiency policies in the post-reformasi period suggest that both dynamics are at work. Narrow elite interests have benefited, but smallholder landowners account for a significant share of many agricultural crops. Although smallholder landowners are increasingly differentiated, they constitute a reasonably broad-based constituency. The valorisation of agriculture reflected in the self-sufficiency drive and related rural sector policies may lay the foundations for a more inclusive agricultural political economy. [ABSTRACT FROM AUTHOR]