Perkembangan Perbankan Indonesia: Analisis Dampak terhadap Pertumbuhan Ekonomi Regional Indonesia dan Penyebab-penyebabnya dengan Data Panel 1983-1999

Abstract

Combining regional growth model and integration of financial institution model, this paper evaluates whether intermediary development influences growth in Indonesia. Recent research has proved that not only banks development influence economic growth positively but also its exogenous components.However, there are several different assumptions during adopt this model in Indonesia. Especially regional approach is differing than national approach in growth model. The point is the existence of intermediary integration across region whit causes the economic agent move freely within a nation.The data show that integration of financial intermediation was not always associated with economic growth. Only four of twenty six provinces which proved strong influence of financial intermediation on economic growth. Labor condition and average annual wages are not exogenous variables which explain growth due to financial intermediation in Indonesia. At least during 1987-1998.

Banking Development, Agriculture and ManufacturingIndustry Sector in Economic Growth in Indonesia: DoThey Influence?

“…The econometric model used in this paper is adopted model from Levine, Loayza and Beck [11], which is also adopted by Nasrudin [15]. Adopted common equation as follows:…”

“…The common equation used in this paper adopted from model which is used by Nasrudin [15] and Levine, Loayza and Beck [11] with modification. [5].…”

“…The results show that although financial sector reforms have enlarge the financial systems, the policy changes do not appear to have led to higher long run growth. Nasrudin [15] investigate financial development topics related to economic growth with regional approach and adopting full Levine …”

Bankıng Funds and the Industrıal Sector in Indonesıa

“…The data source is the publication of Bank Indonesia (BI) in the form of Indonesian Financial Statistics (SEKI), publications BPS (Central Bureau of Statistics). The forms of the equations used in this study follow the model used by Levine, Loayza and Beck (2000) and Nasrudin (2004) with a few modifications. The following is one such basic equation:…”

“…Research on the role of banks in the Indonesian economy and economic growth include, research by Nasrudin(2004); ;Medyawati, Nopirin, Sutopo and Hermana (2010); Medyawati and Hermana, (2010) ;Medyawati, Nopirin, and Sutopo (2010) research which uses the basic concepts and model proposed by Levine, Loayza and Beck(2000). Levine(1997), stated that economic activity and technological innovation impact the structure and quality of the banking system.…”