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Indonesia’s economy is getting more integrated with the global economy. Potential impact of global economy shocks to … following large capital inflows poses a serious threat to Indonesia’s economy. Meanwhile, Indonesia’s own domestic concerns … concerns on external sector, Bank Indonesia’s FPAS needs to be equipped with macroeconomic model with a more complete features …
Persistent link: https://www.econbiz.de/10010886649
The standard vector error correction (VEC) model assumes the iid normal distribution of disturbance term in the model. This paper extends this assumption to include GARCH process. We call this model as VEC-GARCH model. However as the number of parameters in a VEC-GARCH model is large, the...
Persistent link: https://www.econbiz.de/10010886654
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period 2001-2007. Although cross-country studies are more robust (Bruton et al., 2010), Indonesia compensates with its …
Persistent link: https://www.econbiz.de/10010902605
leading media research said that currently, middle class in Indonesia is the third-largest in the world. There are about 74 … million middle classes in Indonesia, and this number will double by 2020. In the other hand, economic growth also creates a … problem of rising inequality. Inequality in Indonesia is worsened as the Gini index increasing from 0.308 in 1999 to 0,41 in …
Persistent link: https://www.econbiz.de/10010902611
While the Asian Paradox literature evidences a grease-the-wheel effect of corruption on individual firm productivity growth, the results call into question the aggregate effect of individual bribery. A large literature analyzes the drivers of productivity growth at the firm and sector levels,...
Persistent link: https://www.econbiz.de/10010902618
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