Role of macroeconomic determinants on the natural resource commodity prices: Indonesia futures volatility

Ekananda, Mahjus

doi:10.1016/j.resourpol.2022.102815

Cited by 26 publications

(3 citation statements)

References 42 publications

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“…The nature of the ARDL model can only be applied if there is a combination of variable stationarity at the level and first differentiation (Ekananda, 2022). Hence, this article uses the unit root detection proposed by Levin et al (2002).…”

Section: Estimation Methodsmentioning

confidence: 99%

Deforestation-induced the EKC framework: The role of corruption control and trade openness in Southeast Asia

Destiartono

Ekananda

2023

JESP

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Reducing the deforestation rate and formulating sustainable forest governance are still challenging for Southeast Asia. This empirical research intends to explore the dynamic connection between GDP, trade openness, corruption, and deforestation within the EKC framework by considering controls over agriculture and population. This article uses panel data from nine countries from 1996 to 2018. Pooled Mean Group (PMG) procedure and Dumitrescu-Hurlin (DH) causality tests were applied to examine the variables’ long-term relationships and the direction of the causality. This article also features the unit root and cointegration tests. The estimation supports the EKC hypothesis that the nexus between economic growth and deforestation forms an inverted-U curve. The turning point of the per capita GDP is USD 26785, i.e., the advanced stage of development. Other findings are that trade openness is a driver of deforestation, while control of corruption is an effective instrument to reduce the deforestation rate in the long run. Deforestation will still occur in Southeast Asia because only Brunei Darussalam has passed the turning point. However, implementing development programs while reducing the deforestation rate can be done because the bidirectional causality between GDP and deforestation is not confirmed. Improving trade regulations and governance is a necessary scheme to reduce deforestation rates in the future.

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Section: Estimation Methodsmentioning

confidence: 99%

Deforestation-induced the EKC framework: The role of corruption control and trade openness in Southeast Asia

Destiartono

Ekananda

2023

JESP

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“…Indonesia has great economic potential and is supported by abundant natural resources (Ekananda, 2022;Rahman et al, 2021;Yana et al, 2022). As the world's largest archipelagic nation, Indonesia is rich in various types of natural resources, including oil and gas, coal, iron ore, tin, copper, and gold, as well as vast biodiversity (Erdoğan et al, 2020;Yang et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Regulation of Strategic Investment Downloading in The Growth of Indonesia's Leading Sectors

Sugianto

2024

AJESH

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Indonesia has great economic potential with abundant natural resources. However, so far Indonesia is still trapped in the global value chain as an exporter of raw materials. This causes the added value obtained by Indonesia to be low and the Indonesian economy does not grow optimally. The Indonesian government has realized this problem and has issued various policies to encourage downstream investment. This research aims to analyze the downstream regulations for strategic investment in the growth of Indonesia's leading sectors. This research uses normative legal research methods. Research data was obtained from a study of documents and laws and regulations related to downstream investment. The data analysis technique used is qualitative analysis. The data obtained were analyzed using descriptive and interpretive methods. The research results show that the Indonesian government is using an acceleration strategy to increase investment to increase the rate of downstream investment in leading sectors for national economic growth. Regulations for the downstreaming of strategic investments in the growth of leading sectors are regulated in several policies including Law Number 3 of 2020 concerning Amendments to Law Number 4 of 2009 concerning Mineral and Coal Mining, mandating that no longer export raw materials, Law Number 3 In 2014 regarding Industry, OJK issued a policy in the banking industry to support the acceleration program for Battery-Based Electric Motor Vehicles (KBL BB) as well as the development of its upstream industry.

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“…Sebagian otoritas mengendalikan determinan makroekonomi untuk mengefektifkan kebijakan ekonominya, sebagian melalui penurunan tarif, termasuk di Indonesia (Ekananda, 2022;Elisabeth dkk., 2020). Pada kenyataannya tarif penalti dapat memiliki efek positif atau negatif pada kepatuhan pajak.…”

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Dampak Perubahan Tarif Penalti Terhadap Kepatuhan Pajak: Bukti Kuasi Eksperimental Pada Bunga Penagihan

Syarifuddin¹,

Ekananda²

2022

akses

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Penelitian ini menganalisa dampak perubahan tarif bunga penagihan (late payment penalties) yang ditetapkan oleh Menteri Keuangan. Kami memanfaatkan peristiwa perubahan tarif bunga dari tarif sebesar 2 persen per bulan menjadi sekitar 0,50 persen per bulan sejak 2 November 2020, untuk masuk ke dalam desain regresi diskontinuitas dalam waktu (RDiT). Teori ekonomi klasik memprediksi bahwa penalti yang rendah cenderung menimbulkan perilaku tidak patuh. Namun, hasil studi ini justru menunjukkan bahwa penurunan tarif bunga penagihan berpengaruh positif signifikan terhadap respon pembayaran. Hal ini memberi simpulan bahwa kepatuhan sukarela tidak selalu linier dengan tarif penalti yang tinggi, bahkan pada kapasitas deteksi yang cenderung tetap. Perilaku wajib pajak dapat dijelaskan dengan bukti empiris yang kuat. Oleh karena itu, kami menyarankan ekstraksi dan kategorisasi basis data untuk memudahkan identifikasi dan analisis data perilaku. Hal ini akan membantu memprediksi strategi kepatuhan lain misal otomasi pembayaran tunggakan atau tindakan penagihan berdasarkan kategori resiko.

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Role of macroeconomic determinants on the natural resource commodity prices: Indonesia futures volatility

Cited by 26 publications

References 42 publications

Deforestation-induced the EKC framework: The role of corruption control and trade openness in Southeast Asia

Deforestation-induced the EKC framework: The role of corruption control and trade openness in Southeast Asia

Regulation of Strategic Investment Downloading in The Growth of Indonesia's Leading Sectors

Dampak Perubahan Tarif Penalti Terhadap Kepatuhan Pajak: Bukti Kuasi Eksperimental Pada Bunga Penagihan

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