Poverty is a problem in all countries especially in several countries in ASEAN. Some policies taken to diminish the poverty have not yet effective considering the poverty is still high in ASEAN countries. Considering ASEAN countries have a predominantly Muslim population who annually spend some of their wealth for zakat, it is important to study whether zakat can be effective to be used as one of alternative policy to improve the rate of economic growth which will ultimately have an impact on poverty alleviation as well. This study uses panel data analysis to compare the effect of zakat on economic growth in several ASEAN countries, namely Indonesia, Malaysia, Brunei Darussalam and Singapore from 2010 to 2015. The results show that zakat have a positive but not significantly effect on economic growth. Thus, it is recommended for the government to improve the implementation and evaluation of zakat distribution so that zakat can directly improve the welfare of people, and hence improve the economic growth in ASEAN countries.
The main study of research is to analyze the effect of changes in exchange rates of rupiah against share price in Indonesia. This research employed ARDL model and utilized monthly data for the variables of share price, nominal exchange rate, money supply and GDP. Data is generated from Bank Indonesia and Federal Reserve Economic Data webpage (FRED) from 2008 to 2017. The study results found a negative relationship between the exchange rate and stock price. It found convincing evidence that there is no two-way relationship between both parameters. But there is a positive relationship on other variables such as money supply and GDP during this period. On the basis of the research results obtained its current status, Bank Indonesia is recommended as monetary authority and OJK as capital market regulator must be more prudent in coordinating and cooperating to put together policies and strategies to maintain stable monetary policies to prevent unexpected external shocks which would eventually hit the capital market.
This study aims to analyze the development of exchange rate system, inflation and economic growth policies in Indonesia. The model used is a descriptive analysis model by dividing 3 exchange rate regimes from 1978 to 2018. The data used is annual data sourced from the world bank, the federal reserve economic data, and Bank Indonesia. The results showed that the exchange rate system in Indonesia is fluctuated throughout the year. This has an impact on economic growth rate and inflation which is also unstable. Therefore, Bank Indonesia must stabilize the rupiah exchange rate. For further research, it is also advisable to further analyze how the 3 periods of the exchange rate regimes work effectively in transmitting monetary policy through the exchange rate channel to macro variables.Key Words: Exchange rate, growth rate, inflation
This research aims to analyse factors influencing the Indian Ocean tsunami survivors to remain in the same location after the tsunami. Logistic model is utilized to measure factors influencing the decision to choose the tsunami affected village after the tsunami. Those factors are land ownership, income level, and profession. The concerned location is Lampulo Village in Banda Aceh, which was severely affected by the tsunami in 26 December 2004. Data is primary data generated from field interview for 200 respondents, divided evenly for respondents who used to live in the village but decided to move away and live in different locations, and respondents who remain living in the village. The results suggest that the main reason to choose resettling in the affected village is merely the land ownership. In other words, people who have lands in the village will have higher likelihood to remain living in the village 1.5 times higher than those who do not have lands. Other factors are not statistically important in decision making to remain in the village. The implication of this research show that disaster survivors will tend to choose the same location after disaster. It implies the stronger need to reduce the risks of potential disaster in those locations, making the human settlement safer against future disaster. This paper recommend policy makers to avoid relocating survivors to different locations, and to invest public funds to strengthen disaster preparedness in the disaster prone areas.
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