This paper investigates both the accumulation and the quality of the input factors with stochastic frontier production function model. The application of the model also enables us to predict the technical efficiency of the input factors for each province of Indonesia. The model result shows that the capital and the labor share to output are 0.4 and 0.6 respectively. In all Indonesia regions, th…
This paper discusses the impact of global financial crisis to the Indonesia?s economy by using the simultaneous macro model approach.The analysis and simulation results of such model show that the impact of the global financial crisis is dominantly distributed through the trade line, which decreases the regional output.To the components of aggregate demand, the movement of exchange rate has maj…
This paper discusses the impact of global financial crisis to the Indonesia?s economy by using the simultaneous macro model approach.The analysis and simulation results of such model show that the impact of the global financial crisis is dominantly distributed through the trade line, which decreases the regional output.To the components of aggregate demand, the movement of exchange rate has maj…