Dominicus Savio Priyarsono

Global Value Chain of Indonesian Pulp and Paper Industry

Global Value Chain (GVC) has been a global phenomenon since 1980s when export values no longer represented the actual benefit of a country’ economic measure. Furthermore, GVC measurement applying input-output table approach has quite rapidly developed. Given the fact that the role of Indonesian pulp and paper industry is increasingly important in the country’s economy, this study aimed at measuring the pulp and paper industry GVC in 1995 and 2011 as well as its position and participation in the global GVC using Inter-Country Input-Output (ICIO). The results show that GVC of Indonesias pulp and paper industry is generally in the form of value-added exports in intermediate absorption by direct importers and indirect final exports and also in the form of foreign value-added return in foreign countries in intermediate exports and also value-added exports in intermediate goods exports to the third countries. GVC Indonesia is also still dominated by domestic value-added compared to foreign value-added and remains in a “downstream” position and has decreased its GVC participation globally. In the future, it is important to strengthen GVC participation by maintaining greater ownership of domestic value- added in Indonesias pulp and paper industry. Keywords: global value chain, pulp and paper, Intercountry input-output, GVC position and participation

Analisis Pembiayaan Sektor Perdagangan Hotel dan Restoran pada Perbankan Syariah di Indonesia.

Perbankan syariah dapat dijadikan alternatif bagi pengusaha sektor perdagangan, hotel, dan restoran (PHR) untuk memperoleh bantuan permodalan sehingga dapat mendorong laju ekonomi. Tujuan penelitian ini adalah menganalisis respon rasio pembiayaan sektor PHR perbankan syariah jika terjadi guncangan pada faktor-faktor kinerja perbankan, instrumen moneter, kondisi makroekonomi dan rate of return dan menganalisis kontribusi masing-masing variabel dalam menjelaskan keragaman rasio pembiayaan sektor PHR perbankan syariah. Penelitian ini menggunakan data bulanan periode Januari 2008 hingga Desember 2013. Metode analisis yang digunakan adalah Vector Error Correction Model (VECM) dengan variabel yang menggambarkan kinerja perbankan, kondisi makro, instrumen moneter, dan return pembiayaan. Hasil penelitian menunjukkan bahwa, guncangan pada variabel Industrial Production Index (IPI), suku bunga kredit (SBK) dan equivalent rate pembiayaan (ERP) akan direspon secara signifikan positif oleh rasio pembiayaan sektor PHR. Sedangkan guncangan pada variabel Dana Pihak Ketiga (DPK), pembiayaan bermasalah (NPF), bonus SBI Syariah (BSBIS), dan inflasi (INF) akan direspon secara negatif oleh rasio pembiayaan sektor PHR. Hasil penelitian menunjukkan variabel Industrial Production Index (IPI) akan direspon secara tidak signifikan positif dan Penempatan dana pada Pasar Uang dengan Prinsip Syariah (PUAS) akan direspon secara tidak signifikan negatif.

PENGARUH INVESTASI SEKTOR PERTANIAN DAN INDUSTRI PENGOLAHAN HASIL PERTANIAN DI PROVINSI SULAWESI TENGAH

This research aims to analyze the agricultural and agricultural industrial processing sectors which contribute highest role based on input and output market transaction mechanism. The finding showed that the degree of sensitivity index was less than one (0.7678). Similarly, the index of backward linkages for agricultural sector on industries and services was also less than one (0.9199). This finding indicates that the agricultural sector has not yet either used output from other sectors or push investment decisions to use its output. The same finding has also been occured for its supply for input.

Welfare implications of entry deterrence in a spatial market

Based on Bonannos (1987) model, this paper provides examples showing that (1) without locational regulation, antimonopoly regulation leads to the worst social welfare, and (2) protection of a monopolist is justifiable in a spatial market.