Ditemukan 2 dokumen yang sesuai dengan query
Gaffari Ramadhan
"
Economic crisis which happened several years ago has caused many impacts to Indonesia. One of these impacts is a huge amount of government debt. Particularly, the government debt whether from domestic or foreign is one of the instruments to finance government expenditure which can not be fulfilled entirely by revenues from taxes. However, using the government debt to fund the government expenditure has consequences for the government to pay-back not only for the interest rate but also for the principal of debt which have maturity-date in the future.The purpose of this study is to analyze how far the development of the government debt dynamic from both domestic and _foreign is correlated to _fiscal sustainability. This study uses a case of Indonesia in period 1980-2005 which is divided into three periods: before crisis (1980-1997), crisis (1998-2000), and after crisis (2001-2005). In this study, we use Branson (1992) to analyze the government debt dynamic. In addition, we also use different approaches to have several comparisons in our analysis by Hamilton and Flavia ( 1936), Wilcox (1989), and Trehan and Walsh (1991). Besides that, we also conduct projection of the ratio of government revenue to GDP which is needed to support in decreasing of the ratio of government debt to GDP in tire middle-term until 2010.In summary, this study shows that after the crisis, the dynamic movement of the government debt is decreasing continuously. Furthermore, the government debt and the primary deficit still stand on the sustainable path, or the right track. Equally important, in the middle-term, the ratio of government revenue to GDP is still needed to maintain in decreasing of the government debt front year to year. Generally, this study shows that fiscal condition in indonesia after the crisis reflects sustainable and suitable to the assumption of Non-Ponzi Game."
Jurnal Ekonomi dan Pembangunan Indonesia, 2007
JEPI-8-1-Jul2007-1
Artikel Jurnal Universitas Indonesia Library
Gaffari Ramadhan
"This study estimates the banking efficiency in the Province of West Sumatera for the years of 2007-2008. Using 19 samples of commercial banks, the estimation applies the Stochastic Frontier Approach (SFA) model in order to analyze the cost efficiency of commercial banks. This study finds that the bank's cost function is significantly affected by price of labors, price of funds, and loans. The results of the banking efficiency estimation show that in annually almost banks have more than 80 percent of the efficiency level. In the average estimation, it also shows the same result. By dividing banks into groups, the estimation shows that the government bank is more efficient than the national private bank."
2009
AJ-Pdf
Artikel Jurnal Universitas Indonesia Library
