Hasil Pencarian  ::  Simpan CSV :: Kembali

"The study involves the application of Vector Error Correction Models (VECM) to analyze macroeconomic dimension of fiscal policy on economic growth in Indonesia and Turkey. Furthermore, it attempts to depict the paths of fiscal policy and GDP evolution in the two economies by providing data for the period 1980-2022. It uses Augmented Dickey Fuller (ADF) tests and Johansen co-integration tests to check against the stationarity and the long-run relationships between fiscal policy variables and economic growth. The result of Granger causality analysis was used to address the two-way relationship between these variables. Data discloses that the fiscal policy of Indonesia does not significantly affects economic development directly, as Turkey’s case where government expenditure does have a positive relationship with economic growth in the short term. Despite the common unstable connection between government participation, government revenue and economic growth, there exists a long-term inimical correlation in both countries. The results of the study indicate the impact of fiscal policy as non-immediate measure is not effective with regards to Indonesia economic growth. This calls attention to the role of resource reallocation in creating a lasting development rate. That is why the relationship between public spending and short-term growth shows significant effectiveness of certain fiscal policy monetary measures aimed at increasing the rates of material production and growth in the country. The research indicates that long period of government expenditure maybe unbeneficial for developing economies. Contrary to this, it is governments’ duty to determine the etymologically sound methodologies of prudent fiscal plans that will enable privatization, investments, and economic growth."

"Tesis ini bertujuan untuk menganalisis apakah arah kebijakan fiskal, khususnya pengeluaran pemerintah, dipengaruhi perubahan siklus ekonomi dan berdampak signifikan terhadap pertumbuhan ekonomi atau tidak. Studi ini membahas hubungan antara pengeluaran investasi pemerintah dan output gap menggunakan model regresi ordinary least squares (OLS) yang meliputi tiga periode observasi (1980-1996, 2001, dan 1980-2014). Secara umum, hasil analisis menunjukkan bahwa pengeluaran investasi pemerintah cenderung mengarah acyclical (netral). Selain itu, paper ini juga menganalisis dampak perubahan pengeluaran investasi pemerintah terhadap Produk Domestik Bruto (PDB) menggunakan model vector autoregression (VAR). Hasilnya menunjukkan bahwa pengeluaran investasi pemerintah tidak berdampak signifikan terhadap pertumbuhan ekonomi.

---

This paper investigated whether fiscal policy, especially government investment expenditure in Indonesia, depends on changes in the economic business cycle and whether its impact is significant on economic growth. This paper analyzed the relationship between government investment expenditure and output gap using an ordinary least squares (OLS) regression covering three periods of study (1980-1996, 2001-2014, and 1980-2014). In general, the result showed government investment expenditure tended to be acyclical. This study also evaluated the impact of the changes in government investment expenditure on gross domestic product (GDP) using a vector autoregression (VAR) approach. The results revealed government investment expenditure did not have a significant impact on economic growth."

"This volume highlights the role of institutions in explaining the gulf between inequality and growth, by applying a dynamic general equilibrium framework and by utilizing econometric techniques. Econometrically two important hypotheses are tested. First, assuming there is no difference in institutions, the growth rate increases as inequality decreases. Second, assuming inequality remains unchanged, improvement in the integrity of fiscal institutions results in higher economic growth."