Economic Policy Package Research Articles

What Forms of Redistribution Do Americans Want? Understanding Preferences for Policy Benefit-Cost Tradeoffs

Political scientists agree that most Americans are “operationally liberal.” However, economic preferences have traditionally been measured as opinions on public spending, independent from the “costs” of public policies. In reality, redistributive economic policies often impose costs on some actors while delivering benefits to others. When a policy’s costs and benefits are both apparent, what types of redistribution do Americans prefer? This paper’s novel survey evidence shows that preferences for policy benefits are indeed sensitive to which subgroups would bear the policy’s costs (and vice versa). American majorities do support a wide range of redistributive economic policy packages—as long as the wealthy are footing the bill or the costs are hidden. When the size of the group facing the policy cost (e.g., tax) increases, overall support declines. Preference differences between Republicans of varying economic statuses are large, while divisions within the Democratic coalition are subtler but still clear on certain policies. Overall, this paper shows that measuring preferences for a policy's costs (e.g., taxation) are crucial to truly understanding voters’ holistic economic policy demands. Further, the lack of enactment by political elites of the forms of redistribution consistently supported by the public casts research on democratic representation in new light.

Konsep Ekonomi Kebijakan dalam Pemerintahan Presiden Joko Widodo

This research is a literature review of the Economic Policy Package launched by President Joko Widodo in 2015. The Economic Policy Package consists of several volumes. When it was first launched, namely Volume 1, the economic policy package aimed to stimulate the real sector and drive the economy. Volume 1 of the Economic Policy Package is one of 16 economic policy packages launched until 2018. A review of the literature related to the Economic Policy Package volume 1 was conducted to identify the latest research related to economic policy packages and provide an assessment of the effectiveness of the Government's policies related to the Economic Policy Package. There are several aspects of national economic development, such as economic growth, inflation, and fiscal and monetary policies.Literature both in the form of academic studies and opinions and public perceptions of economic policy packages are explored in depth mainly by using search engines in the form of both formal and informal studies such as mass media. This study found that the literature related to Economic Policy Package Volume I is relatively limited and the discussion tends to focus on the impact of policies on capital market reactions. In addition, research on economic policy packages is dominated by quantitative approaches. In the future, it is necessary to expand the discussion of economic policy packages with broader theories, use a qualitative approach and dig deeper into the effectiveness of the economic policy packages

Village Economic Policy Package for Economic Development in Ngusikan Subdistrict, Jombang Regency

Background: The effects of many economic policy packages aimed at promoting economic growth in Indonesia are thought to have fallen short of expectations. The primary factors are policies that are still reactive and the timing of execution. Aim: This study's goal is to examine how economic development in Jombang's Ngusikan Subdistrict is related to village economic policy packages. Method: This study employed a quantitative methodology with non-experimental fact exposure. Primary information was gathered from surveys of village administrators and local leaders. Secondary data come from documents or directly from linked persons during direct interviews. data analysis utilizing the F-test and simple and fictitious regression correlation analysis. Findings: The development of the economy of Jombang's Ngusikan Subdistrict is significantly influenced by the road and electrical infrastructure. However, in Ngusikan Subdistrict, Jombang District, telephone and water facilities do not significantly affect economic growth. But concurrently, every aspect of the fiscal decentralization strategy has a large impact on the rate of economic expansion in the Ngusikan Subdistrict, Jombang District.

A shot in the arm: Economic support packages and firm performance during COVID-19

We use firm-level data to provide some early evidence on the effectiveness of COVID-19 economic policy packages. Our empirical strategy relies on the varying degree of vulnerability to the pandemic across industries. We find a robust association of fiscal support with changes in firm performance indicators (as measured by sales-to-assets ratio, profit margin, interest coverage ratio as well as probability of default) in pandemic-prone sectors. We also observe marginal effects of monetary policy on the sales-to-assets ratio and of foreign exchange intervention on the interest coverage ratio in the hardest-hit firms. These results broadly survive a battery of exercises to address endogeneity. Additionally, we show that firms with a better financial position are more likely to take advantage of the support packages to withstand the pandemic shock. Overall, this preliminary evidence suggests that policy interventions have bought time for the hardest-hit industries, by supporting turnover and improving liquidity.

KEBIJAKAN IMPOR DAN PERSAINGAN USAHA KOMODITAS GARAM MASA AWAL PRESIDEN JOKOWI-JK TAHUN 2015-2016

This study aims to describe the political dynamics in the formulation of salt import policies in Indonesia during the early administrationin Jokowi-JK 2015-2016 which were characterized by the practice of unfair business competition in the form of rent-seeking and monopoly. The primary questions that will guide the researcher are (1) what is the portrait of salt import policy during the early Jokowi-JK administration? and (2) how the relationship between private actors and bureaucratic ones in the domain of salt import policy through the Regulation of Indonesian Trade Ministry No. 125/2015?As qualitative research with a descriptive approach, this research utilizes in-depth interviews, observation, document tracking, and document analysis techniques in which a number of bureaucrats, entrepreneurs, and salt farmers were used as informants to mine the data.The results of this study show that Nawacita's priority agenda in the form of an economic policy package became the main foundation for the formulation of import policy (the Regulation of Indonesian Trade MinistryNo. 125/2015) which requires the government to abolish recommendations for import permits from the Ministry of Industry, import quotas, time of imports, and absorption of people's salt. As a result, political turmoil arose among salt farmers who considered the government reluctant to protect the salt of the people but instead prioritized the interests of entrepreneurs. Through such a policy, the state facilitated PT. Garam carries out a monopoly on the import of consumption salt to bring about the practice of unfair business competition between salt importers.This kind of political dynamics increasingly emphasizes that the formulation of public policies that do not go through a "fair" mechanism often enables the emergence of unfair business practices, monopoly, and rent-seeking.

Implementation of Economic Policy Facing The China American Trade War In The Framework of Nirmilitary Defense

Non-military defense is a defense to deal with non-military threats that can endanger or have implications for national defense. Non-military threats have the dimensions of ideology, politics, economy, socio-culture, technology, public safety, and legislation. In the main points of the general policy of state defense for 2020-2024, it is stated that in the policy of implementing non-military defense, it is directed to deal with the dimensions and types of threats by determining the ministry/institution as the main element. The United States-China trade war is a policy involving two superpowers that have had a major influence on the global economy to date. The government's policy in dealing with the trade war is the program to attract investors as contained in the 16th Indonesian Economic Policy Package (PKE), including Tax Holiday. The purpose of the study is to provide government input on the implementation of economic policies in the face of the US-China trade war in the context of Non-Military Defense. Research with qualitative methods is aimed at understanding social phenomena from the perspective of the participants. The results achieved are in accordance with the theory of Policy Implementation related to Resources, Communication, Disposition and Bureaucratic Structure, a strategy is needed to revamp the bureaucratic structure and recalculate budget resources.

Reaksi Investor Pasar Modal terhadap Event Pengumuman Paket-Paket Kebijakan Ekonomi Jokowi-Jusuf Kalla

The purpose of this study is to examine whether the Economic Policy Package issued by the Government of President Jokowi-Jusuf Kalla can be used to see the reaction of Capital Market Investor that can be seen from abnormal returns received by investors. The abnormal return calculation method used in this research is CAPM (Capital Asset Pricing Model). The results of this study obtained that the announcement of the Economic Policy Package issued by the Government Jokowi - Jusuf Kalla does not affect the reaction of investors in the capital market, and it also applies to other variables.

Reaksi Pasar Modal Indonesia Sebelum dan Sesudah Pengumuman Paket Kebijakan Ekonomi XVI pada Saham Sektor Pertambangan yang Terdaftar Di Bursa Efek Indonesia Tahun 2018

This research is aimed to analyze and understand the difference in the average abnormal return (AAR) and the average trading volume activity (ATVA) with several periods of observation both before or after the announcement of the economic policy package XVI in the mining sector included on the Stock Exchange in 2018 is the research objective. Event study is a type of research used. The announcement of the economic policy package XVI is a test event. The study requires secondary data which includes data on daily closing price, trading volume, and the number of shares outstanding from the mining sector samples being sampled. After the paired samples t-test was tested differently it was stated that there were no differences in observations 5 days & 10 days before and 5 days & 10 days after the announcement of the economic policy package XVI, at ATVA 10 days before & 10 days after the economic policy package XVI was found differences ATVA Keywords: AAR (average abnormal return), ATVA (average trading volume activity), Announcement of Economic Policy Package XVI 2018, event studies.

Kebijakan Investasi Asing Pada Pariwisata Berbasis Desa Adat

The Economic Policy Package Volume X has been announced by the Government on February 11th, 2016. The concrete step of the policy package is to revise the Presidential Regulation concerning the field of business in investment known as the negative list of investment. Areas of business that are experiencing changes in the negative list of investment include the sector of Tourism and Creative Economy. In Bali, the tourism appeal is built and developed, apart from Government and private, is also managed by the community of customary villages. The existence of customary village - based tourism can attract foreign investors or otherwise require foreign capital which may then be agreed upon in the form of agreement. In addition to globalization, other things that could lead to the possibility of such agreement are the liberalization in the field of investment and tourism. Liberalization arises from various international agreements that have been agreed by the Government, such as one of ASEAN regional liberalization with the ASEAN Economic Community. So, to face that possibility, the Government needs to regulate foreign investment in customary village based tourism with various levels of policy. As a normative legal research, the method used in this study is a legislative approach that is integrated with a conceptual approach. Policy and legislation have variations in relationships based on differences in understanding and application of the use of policy concepts. The policies studied in normative legal research, in addition to legislation also concerning government actions relating to the terms discretion, policy, beleid, and ermessen are reviewed.s

Inovasi Percepatan Perizinan Pembangunan Perumahan Masyarakat Berpenghasilan Rendah (MBR) di Daerah

Part of the main matter of people's welfare is the fulfillment of housing needs Housing development is one of the important things in the regional development strategy, which involves broad aspects in the field of population, and is closely related to economic development and social life in the framework of strengthening national security. Considering the provision of housing is a basic right of the community, the government becomes the leader and prioritizes the priority of fulfilling its needs for the community, especially citizens with low income. 
 The increase in house prices which is higher than the average inflation rate in Indonesia is one of the causes of the high housing backlog. This condition severely shock low income society or young families whose family economic growth was below the inflation rate. The Regional Government has a big role in the success of the policy, especially so that a million home national programs can reach the target by the end of the Medium-Term Development Plan 2019.
 The Economic Policy Package XIII (Paket Kebijakan Ekonomi XIII) that was issued by the Government some time ago regarding Housing for Low Income Society (MBR) is in line with the National Program for the Development of 1 (One) Million Houses. Through the Economic Policy Package, the government bring out a Government Regulation that simplified the number and timing of permits by removing or reducing various permits and recommendations for building MBR houses from as many as 33 permits and stages, to 11 permits and recommendations. With the reduction of the stages, the time for the construction of the MBR that has averaged 769-981 days can be accelerated to 44 days.

Abenomics: from the “Great Stagnation” to the “Three-Arrows Strategy”

Abstract This article addresses Japan’s economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three “economic arrows” targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows the measures undertaken by the administration. The research question is: to what extent the policy package contributes to stimulating the economy? This question relates to the main problem of the effectiveness of Abenomics. The main purpose of this article is an attempt to evaluate Abenomics from the perspective of 5 years since the time of its announcement.

The Use of Customs Law and Regulation to Support the Development of Small and Medium Business Enterprises: Evidence From Indonesia

Small and medium enterprises (SMEs) have proven to be a reliable reflection of the national economy of many countries, including Indonesia. SMEs in Indonesia are well known for the uniqueness of their local crafts, but often face obstacles in business management. Hence, the Government of the Republic of Indonesia has introduced several packages of economic policies aimed at SME development. As a result, advanced and developed opportunities are provided to the SMEs. Furthermore, the Ministry of Finance, through its Customs Department, issued policies in its 2015 economic policy package to support SMEs to grow and to seize market opportunities at domestic, regional and international levels. As part of this policy package, SMEs were also provided with a relaxation of the provisions of the Import Facility for Export Purpose (IFEP) requirements, including the removal of cash guarantee or bank guarantee preconditions. However, this article identified that the facilities were only conferred to SMEs with industrial characteristics. Additionally, SMEs do not possess a Customs Identity Number (Nomor Induk Kepabeanan (NIK)), which is a requisite to import raw materials. As a result, an initiative has been introduced in the form of a collaboration between SMEs and the bonded logistic centre (BLC)—(known as SMEs– BLC) to provide an opportunity for SMEs to export their products through ‘bonded landfill’ arrangements.

Understanding capital market responses to government economic policy announcements: An event study on Indonesia’s Economic Policy Package

Understanding capital market responses to government economic policy announcements: An event study on Indonesia’s Economic Policy Package

Stock Market Reaction to the Announcement of the 2015 Indonesian Government Economic Policy Package in the Indonesia Stock Exchange

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REAKSI PASAR MODAL TERHADAP PENGUMUMAN PAKET KEBIJAKAN EKONOMI JILID 1, 5, 7, 11 DAN 13

The purpose of this research is to analize market reaction to the 1st, 5th, 7th, 11th and 13th economic policy packages. This research uses event study approach. Its measurement of market reaction would be seen from the difference of Abnormal Return and Trading Volume Activity before and after the events. Sample of this research was selected through purposive sampling techniques which include 12 firms. The data analysis used paired sample of t-test. These results indicated that there is no difference in abnormal returns before and after 1st, 5th, 7th and 13th economic policy packages announcement. There is a difference in abnormal returns before and after 11th economic policy packages announcement. There is no difference in trading volume activity before and after 1st, 5th, 7th, 11th and 13th economic policy packages announcement. Market reacts fast and protracted to the event which indicate that market is not efficient in semi strong-form.

PERBEDAAN WAKTU CLEARANCE IMPOR SEBELUM DAN SESUDAH IMPLEMENTASI PUSAT LOGISTIK BERIKAT (PLB)

Pusat Logistik Berikat (PLB) or The Bonded Logistics Center is part of the Government's Economic Policy Package issued in September 2015. This clarified by Regulation of the Minister of Finance No. 272 of 2015 on Bonded Logistics Center (PLB) plus the Regulation of the Director General of Customs and Excise No. 1 of 2016, Regulation of the Director General of Customs and Excise No. 2 of 2016 and Regulation of the Director General of Customs and Excise No. 3 of 2016. The Implementation of Bonded Logistics Center (PLB) has managed to reduce the clearance time process from 4 days to 1.8 days.

Infografis Penguatan Reputasi Kehumasan Pemerintah melalui Narasi Tunggal Sosialisasi Paket Kebijakan Ekonomi

This study examines the role and elements of infographics for strengthening reputation of the government public relations conducted by the Special Task Force of the Government Public Relations on a single narrative related to the socialization of economic policy packages. This study uses case study method based on the perspective of the theory of reputation. The result shows that info graphics are able to make government’s message can be communicated attractively and support a reputation. It concludes (1) info graphics successfully synergize delivery of 13 single narratives about economic policy package through some form of design published in social media; (2) elements of info graphics are strengthened by the used of hashtag and logo “Indonesia Good” in the design of the content of policy packages supported by the four sides of reputation (credibility, trustworthiness, reliability, and responsibility), through the realization of a number of components to build a reputation namely core values, values, identity, projection and image. This article contributes to enrich the application model of reputation theory that generally applied to Corporate Public Relations rather than Government Rublic Relations communication.

FDI on economics growth; Indonesia case study

FDI is one of the factors that encourage the growth of the economy, especially for developing countries. Indonesia has prepared an economic policy package and a taxation policy for booting the investments, including FDI. This paper investigates whether the FDI is one of the essential instruments to improve the growth of Indonesia economy. Multiple regression with GDP as a dependent variable; and FDI, Trade, Government Expenditure, and Inflation as independent variables are employed. The data is from 1985 up to 2015 period. FDI does not have any impact on GDP, while others variables influence the growth of the economy. It suggests that the goals of FDI, namely technology transfer, development of human resources, are not achieved entirely. It implies that the package of economic policy and taxation are not enough for FDI to have the impact on GDP, but others factors, such as wage rate, labor skills, transport and infrastructure, and property rights, must be developed.

KEBIJAKAN PENGAWASAN TERHADAP PRODUK UMKM SEBAGAI UPAYA PERLINDUNGAN PADA KONSUMEN

<p>In the market there are many outstanding goods and / or services produced by UMKM. UMKM is indeed a growing business sector in the community that proved able to compete with other business actors. Through the economic policy package of President Joko Widodo, the government encourages the empowerment of UMKM. Although the government encourages the progress and development of UMKM but the circulation of UMKM products should be supervised. This is because there are still many products of UMKM, especially food circulating in the market that has not met the quality standards and labeling, especially labels expired so that this can endanger consumers. Therefore it is necessary to supervise the products of UMKM as an effort to protect the consumer. Supervision includes quality standards, labeling, standard clauses, and advertising. Such supervision is important to protect consumers from loss of goods that do not meet the standards specified in the legislation.</p>

The Effect of Public Interest Reporting Obligations on Taxation with E-Filling System

One of the economic policy packages issued to stimulate the economy in this country is tax, which is one of resource that is needed to finance the state’s economy. In 2015, the amount of revenue from personal income taxpayer was very low and still depended on the corporate income taxpayer. As a result, this dependence will affect the nation’s economic fluctuation. Therefore, the government in 2016 will focus on personal income taxpayers. The fact found in the field is that people have not using the E-Filling. The population in this study was people in the Tegalsari Sub-District of Candisari District, Semarang who have aTINand the number of sample is 82 respondents. The results showed that based on simultaneous test, it is found that the perceived usefulness, taxpayer’s compliance, Quality of Information and Technology, Quality of Service variables simultaneously affect the taxpayer’s interest in using the E-Filling. Based on the partial test, it is noted that the perceived usefulness and Information Technology Quality variables do not significantly affect taxpayer readability in using E –Filling to report their tax obligations while Taxpayer’s compliance and quality of service variables significantly influence the taxpayer's interest in using the E -Filling to report their tax obligations.