This study examines the influence of forex demand and supply interaction on Rupiah's exchange rate. Estimation results show that the movement of rupiah is influenced by the forex supply and demand, where the foreign players are dominating. Furthermore, the demand and supply of foreign exchange is asymmetric. This paper also shows the impact of exchange rate movements on output is only in the sh…
Paper ini menganalisis fenomena labor shifting di pasar tenaga kerja di Indonesia. Fenomena labor shifting di negara berkembang, termasuk Indonesia, diyakini menjadi alasan pergerakan yang stabil di sisi penawaran. Dengan menggunakan data Sakernas tahun 1998-2008, paper ini menganalisis fenomena labor shifting tersebut baik arah pergerakan tenaga kerja maupun karakteristik tenaga kerja yang mel…
The role of the manufacturing industry in the economy has expanded significantly from 19 percent in 1990 to 26 percent in 2009, while its labor absorption only increased from 10 percent to 12.2 percent.The cycle of the manufacturing industry has been in line with the economic growth. This study exploresthe implications of the firm-level heterogeneity over the business cycle. By using the panel …
The role of the manufacturing industry in the economy has expanded significantly from 19 percent in 1990 to 26 percent in 2009, while its labor absorption only increased from 10 percent to 12.2 percent. The cycle of the manufacturing industry has been in line with the economic growth. This study explores the implications of the firm-level heterogeneity over the business cycle. By using the pane…
Penggunaan dana pihak ketiga di dalam bentuk hutang obligasi nyaris dapat ditemui di hampir seluruh perusahaan. Dana pihak ketiga ini bukan saja digunakan untuk menjalankan kegiatan operasi perusahaan tetapi dapat juga sebagai sumber financial leverage. Akan tetapi tidak dapat dipungkiri, setiap perusahaan juga memiliki kemungkinan untuk gagal di dalam membayar hutangnya. Paper ini meneliti kem…