QE Journal 2013 Publications
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Volume 02, Number 04, December 2013

Azhar Bafada

Abstract : This study aims to compare theinvestment on agriculture sector in Southeast Sulawesi. Data used are of annually, covering 1990-2009. The analysis is undertaken by using a multiple regression.The result shows that the interest rate of credit, the Gross Regional Domestic Producton agriculturesector simultanaeously to give significant effect to theinvestment on agriculturesector. The value of regression coefficient of the interest rate credit is negative, but the interest rate of credit does not provide a significant to the investment on agriculture sector. Meanwhile, the Gross Regional Domestic Product on agriculture sector has a positive relationship and has a significantto the investment on agriculture sector. The value of regression coefficientby 0,191 indicates that when the GRDP on agriculture sector increase by1 rupiahwill increase investment on agriculture sector by 0,191 rupiah, or when agriculture GRDP increased by 1% then will improve the investment on agriculture sector of 0,97%, or more easily can be defined that if the GRDP of agriculture sector increase, the investment of the agriculture sector will also be increase

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Baida Soraya

Abstract : Economy growth is one of indicators of people prosperity in a country. ASEAN is a type of economic integration which aim to increase economic growth of member countries. Intra-regional and extra-regional trade is kind of trade agreement which aim to increase the trade rate and economic growth. However, the rate of extraregional trade in every ASEAN-5 countries is higher than intra-regional trade. The objective of this research is to analyze the factors which effect the economic growth of ASEAN-5 countries during 2007-2011. With random effect model in pooled data processing, the research result described that extra-regional trade of ASEAN, foreign direct investment, inflation, and the population described positive and significant effect to economic growth of every ASEAN-5 countries. Whereas, intra-regional trade of ASEAN effect positive and insignificant to the economic growth of ASEAN-5 countries.

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Faisal Rahman Dongoran

Abstract : As a traditional crop, coconut is a versatile plant (tree of life) and has an economic value that is good enough to be developed particularly in the context of community economic development. This study aims to determine the effect of input variables X1 (Wide Land), X2 (Labor Costs), and X3 (Cost Fertilizer) against the benefits of coconut farm in the district Padangsidimpuan Batunadua. Analytical model used is the Cobb-Douglas profit function with the help of Eviews v5.1 application.The results showed that simultaneous variables X1, X2, and X3 affect the benefits of coconut farm with F-stat is 1728,765. partially each variable as: X1 shows a positive and significant impact on profits by ilai tcount 53.811 and Prob. Of 0.000., X2 showed positive and significant influence on profits by the value of 21.503 tcount and Prob. Of 0.000., and X3 shows a negative influence to the value of -2.511 tcount and Prob. Of 0.0138. Furthermore, from the obtained values for the regression coefficient of 0.9834 X1 means any addition of land area per ha will increase the gain of 0.9864 rupiah per Ha, X2 of 0.9757 means that any additional labor costs / yields would increase the profit of 0.9575 rupiah and -0.0651 for X3 which means every addition 1 rupiah of fertilizer costs will reduce profits 0,0651 rupiah. From the analysis it can be concluded, that the coconut farm production and profits in Kecataman Padangsidimpuan Batunadua still can be improved by optimizing the use of variable inputs of fertilizer and land.

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Refanov

Abstract : Based on the ratio of market share of 11 commercial banks discovered the phenomenon gap of the period 2007-2011 where 11 commercial banks dominate the banking market predominantly in Indonesia, including four state-owned banks. This phenomenon has resulted in the banking market structure tends to form an oligopoly, it is obviously affecting the behavior of banks that have a dominant position to maintain supernormal profit, which is reluctant to extend credit with low interest tribes and not a reflection of efficient behavior that ultimately lead to the real sector can not run role in the economy because of factors hampered financing. And with the market conditions are 11 commercial banks were so dominant, which is feared if one bank's collapse could affect the performance of banks in a systemic and even disrupt the Indonesian economy in general. The objectives of this research to determine the form of the banking market structure and analize the influence of concentration market structure and Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Net Interest Margin (NIM), and Loan to Deposit Ratio (LDR) to Return on Asset (ROA) wich is as a proxy of Financial Performance Banking in 2007 until 2011 periods. The data in this study was collected from Indonesian Banking Directory of 2007-2011. The collected sample was 11 biggest commercial banks over the period from 2007-2011. The analysis model was used to determine the shape of banking market structure by using CR4 concentration ratio (Four Concentration Ratio) on a share of the assets, the share of third-party funding (DPK) and the share of loans, that produce banking that shaped the oligopoly market structure moderate low or concentration oligopoly level IV, where four largest banks a dominate about 42% - 50% market share. The estimation of the Fixed Effect Model unknown that concentration market, market share, Capital Adequacy Ratio (CAR), Net Interest Margin (NIM) and the Loan to Deposit Ratio (LDR) has a positive effect on profitability (Return on Assets )

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Volume 02, Number 03, September 2013

Hendra Kesuma

Abstract : The financial sector plays a very significant role in triggering the economic growth of a country and also became the locomotive of growth in the real sector through capital accumulation and technological innovation. High performance financial sector will result in increased economic growth instead of economic growth is not the main cause of the improvement in the performance of the financial sector. This study aims to exa mine the relationship of causality between financial sector and economic growth in Indonesia, where the financial sector in the show by the monetization ratio, the ratio of loans, demand deposits and savings. By using secondary data for the period 2000-2010, This research uses the analytical framework cointegration and Vector Error Correction Model (VECM) between financial sector development and economic growth. The results showed that the financial sector indicated by the ratio of monetization, credit ratios, demand deposits and savings have no causal relationship with economic growth in Indonesia. Significant influence given va riable demand deposits to economic growth. Instead of economic growth significantly affect the monetization and savings

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Muhammad Rif’an Harahap

Abstract : System changes from centralized to decentralized governance has provided an opportunity for local governments to regulate and manage Natural Resources (NR) and Human Resources (HR) in the region to create a welfare society can be characterized by the growth of regional economic growth. In order to achieve a prosperous economy, there needs to be planning that begins w ith recognizing the potential possessed by Langkat Regency so that planning can be prepared well so the regional economic development goals can be achieved. The research was conducted to determine the contribution and sub-sectors growth in the agricultural sector and a base and competitive sub-sectors so that it can be seen the leading subsectors of ag riculture. The analysis method used is descriptive analysis will illustrate how the rate of growth and the contribution of sub-sectors in the agricultural sector. Location Quetiont (LQ) Analysis was used to determine the base and non-base sub-sector. While the analysis of Revealed Comparative Advantage (RCA) is used to see the sub-sector competitiveness. The combination of LQ and RCA analysis can then be used to determine the leading sub-sector. From the analysis it is known that sub-sector of the ag ricultural sector is a base sub-sector which has the potential to become the leading sub-sector.

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Ada Tua Pardamean

Abstract : The trade-off between achieving price stability and economic g rowth, especially in the short term is the impact of a decision-making dilemma for the conduct of fiscal policy or monetary policy in the Indonesian economy. The problem is what lies behind this study and aimed to determine the impact of fiscal and monetary policies on the Indonesian economy. The data used are secondary data sourced from Bank Indonesia and BPS variables namely GDP, Government Expenditure, Tax Revenue, Export, Exchange Rate, Money Supply, Interest Rates for time series from 2000 to 2012. Data analysis was performed using Two Stage Least Squares (TSLS) estimation with multiple linear regression models using Eviews 5.0 prog ram assistance. The results of this study it can be concluded that the simultaneous equation model on IS to va riable Interest Rate and a significant negative effect on GDP of Indonesia, while the Government Expenditure variable (G0), Export (X0) and Tax Revenue (Tx) and Exchange Rate (ER) effect positively and significantly to Indonesia's GDP, while the equation for the LM model of the Money Supply variables significantly and negatively related to Indonesia's GDP increased at a rate statistically  = 10% and for variable interest rate is not significantly to Indonesia's GDP

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Kijo Sinaga

Abstract : The distribution of income is related to the discrepancy of research aims to study the discrepancy level of income distribution at North Tapanuli Regency, to study the Kuznets hypothesis about “Reverse-U Curve”, to study the influence of economic growth rate, inflation and rate of open unemploy ment to the discrepancy level. Theresult of research indicates that the average percentage of the increasing of GRDP based on the basic price in North Tapanuli for 2000-2010 is 14,59 %. The average of inflation rate is high for 8,72. The average of open unemployment rate is 3,027 %. The Gini Ratio for North Tapanuli is less than 0,3. This indicates that the score less than 0,3 means the income is distributed evenly. The Reverse-U Curve because requirement of the square equation did not a pplied at North Tapanuli regency in 2000-2010. Based on estimation, the score of R2 is 0,336. Fcalculated (0,336) is smaller than F-test (18,77) means that simultaneously the gross domestic product, inflation and the open unemployment rate did not influence the discrepancy of income distribution. The gross regional domestic product has not a significant influence to the discrepancy of income distribution at North Tapanuli regency. Inflation has not a significant influence to discrepancy of income distribution. The open unemploy ment rate has not a significant influence to the discrepancy of income distribution at North Tapanuli Utara Regency

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Volume 02, Number 02, June 2013

Muhammad Yusuf

Abstract : One of the main functions of the government of North Sumatra Prov ince is how to reduce the gap between the district / city in the prov ince of North Sumatra. A regional disparity is the ratio of real per capita income among regions with per capita real income of the province. This study aims to analyze the development gap a mong districts / cities in North Sumatra. In addition, this study also analyzes the Klasen typology at each district / city in North Sumatra. The data’s that used in this study are secondary data from BPS report, North Sumatra in Figures 2004-2008 period. Data were analyzed using descriptive methods to illustrate how the levels of inequality and Klasen typology each district / city in North Sumatra. To see the inequality index formula used Williamson (Vw) and to see Klasen typology by dividing the area into developed areas, developed pressure, developed and underdeveloped. The research result shows that there is no gap between districts / cities in North Sumatra, where the index values approaching Williamson zero, and Medan is the only city that has a value field Williamson index of 0.314, while other areas close to zero. The districts / cities in North Sumatra has a category 4 classes according to Klasen typology the developed areas, developed pressure, developed and underdeveloped regions. The Medan city including developed areas and has the highest disparity of 0.314.The implication of this research is the need to accelerate policy development with the help of the central government.

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Indra Maipita

Abstract : This study aims to analyze the factors that affect trade between regions in the prov ince of North Sumatra. Agrerat demand model was developed to regional economic model using simultaneous equations. 2 SLS method (two stage least squares) is used to estimate the function of inter-regional trade, interprovincial and export functions between provinces import function. The estimation results indicate that the difference between the export price and the prov incial transport costs have an influence on interprovincial trade balance, while the import price differences between provinces, other provinces income, revenue North Sumatra province, did not significantly affect the balance of trade between provinces

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Elvina

Abstract : One of the indicators are taken into account in measuring the success of development is the construction of a gender perspective. Development efforts that have been aimed at improving the welfare of the community, women and men, was not able to prov ide equal benefits between women and men. This study aims to determine the effect of gender equality in education, health and employment to the growth of income per capita in the province of North Sumatra in the period 2004-2009 (Pool Data) Fixed Effect estimation method. The results suggest that promoting gender equality in education, health and employment have a positive influence on per capita income. Restrict women's access to educational resources, health and employment, it can hamper local economic development. Therefore, fikir patterns, behavior, culture, and policies that lead to discrimination between women and men need to be changed and removed. More than just economic, gender equality is a form of respect for human rights as well as empower people, men and women, to gain access, participation, control and benefit equally in development.

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Efori Telaumbanua

Abstract : Export Growth has been being one of important component in enhancing of economic growth of North Sumatera Prov ince. During 2005-2010, the average growth of export rate of North Sumatera Province is 16,5 percent per year with 5,23 percent per year the average of it’s contribution to growth. The aim of this research is to detect the factors which affect the enhancement of export rate of North Sumatera Province during 2005-2010. With augmented gravity model approach, this research analyzes the effect of gross domestic product percapita rate and the population of each trading partner countries, geog raphical distance between North Sumatera Province and every trading partner countries, foreign direct investment and real effective exchange rate of North Sumatera Prov ince, to the export rate of North Sumatera Province to every trading countries, such as United States of America, Netherland, Ch ina, India, Italy, Japan, Malaysia, Egypt, Singapore, and Ukraine. By using random effect model in pooled data processing, the result of this research describes that the gross domestic product percapita and the population of each trading partner countries affect positively and significantly to the export rate of North Sumatera Prov ince. As well as fo reign direct investment rate and real effective exchange rate of North Sumatera Province show the positive and significant effect. Whereas, geog raphical distance as the trade barrier, correlate negatively and significantly to the export rate of North Sumatera Province.

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Volume 02, Number 01, March 2013

Eko Wahyu Nugrahadi

Abstract : In macro North Sumatra province after the economic crisis shows encouraging, but it is not without problems, First, the level of income per worker are low, along with labor and a relatively large increase but its relative share of GDP declined, and the second inequality distribution of labor because they serious amount of excess agricultural labor while other sectors can not absorb it. Specifically this study aimed to analyze the variability model of sectoral economic development policy in the province of North Sumatra. The analysis in this study is based on SAM model approach. Based on the results of the analysis has identified six sectors as the leading sector in North Sumatra. Industrial eat, shop, Beverages and Tobacco is a sector that has the possibility to be developed as the most optimal model of the development of sectoral economic development policy. Food, Beverages and Tobacco is categorized as agro-industry sector. Therefore agroindustrialisasi strategy (agroindustrialization strategy) is a strategy options industrialization policies are applied in order to create a strong economy of North Sumatra in the future.

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Isra Hayati

Abstract : Demand and supply of money plays an important role in monetary policy in every economy. In a closed economy, the demand and supply of money is influenced by the behavior of banks and the public. Being in an open economy, influenced by the amount of income, the ratio of trade through the influence of interest rates and increasing trend in the general price level continuously over time from a country.This study aims to see the effect of real income, interest rate, reserve requirement and the minimum level of consumer prices to the demand and supply of money in Indonesia.Processing of data using quantitative data and descriptive empirical models of money demand is a function of real income, interest rates and general price level. While the empirical model of the money supply is a function of high-powered money. This study examines the mechanisms and magnitude of the effect of real income, interest rates, general price levels, statutory minimum, and the stock of money in a broad sense over the period 1990 to 2010.By using simultaneous equations Two-Stage Least Square (2SLS), suggesting that the effect of general price level has positive and significant, real income is positive but not significant effect, the interest rate a negative and significant effect on the demand and supply of money in Indonesia. Meanwhile, the stock of money in the importance and the general price level has positive and significant, and the statutory minimum level of real income a negative and no significant effect on interest rates.

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Anggiat Sinaga

Abstract : The number of workers in the informal sector makes an effort to raise revenue under the layer groups face many difficulties. This study aims to determine how the effect of working capital, wages, level of education and business experience to the problems of Informal Workers in the informal sector workers in the city of Medan. The research method in this study is a quantitative method by using Eviews 4.1, where data collection using questionnaire and statistical data. Population and sample are people who work as informal workers with a sample of 100 people. The results indicated that most respondents Venture Capital is the amount of capital of Rp. 500,000 - Rp. 1000.000,. ie 66 respondents or 66%. Being categorized. Most respondents wage is a wage of Rp. 500,000 - Rp. 1000.000,. ie 67 respondents or 67% and categorized as Moderate. The level of education is not the most widely School - SD of 55 respondents or 55%. Low categorized. Simultaneously by venture capital variables (X1), wages (X2), Education (X3) and business experience (X4) effect on labor issues by 91.25%. Conclusion is venture capital variable (X1), wages (X2), Education (X3) and business experience (X4) effect on labor issues. It is recommended that efforts need to be more concrete than the government and partners to help the Venture Capital community. The need to support the various parties to pay more attention to the welfare of informal sector employment, especially in terms of education, socialization of labor law.

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Taufik Zainal Abidin

Abstract : In the prespective of the otonomous region the local government has the wide authorities to arrange and manage the various government administration to the people welfare. The economic growth is one of the measuring point which is used to increase the development in a region from any kinds of the economic sector indirectly representating the economic level change in that region. The development must be appropriate with the potential condition and the developing people aspiration.When development priority is not appropriate with the each potential region then the using of resources will not be optimized. This research has a purpose to analyse how far the influence of potential sectors by using economic basis and SWOT model to the economic growth in Asahan regency. In measuring and analyzing it is used the secondary data of time series in period time of 2004-2008. The data analysis uses the Location Quotient (LQ), shift share analysis, gravitation analysis, and the SWOT analysis model. The analysis result shows that the Asahan regency has three supoerior sectors that is the agriculture, industries, electricities, gas, and water sectors where their LQ is consistenly bigger than 1 every years in the period of study. Furthermore the strategy requirement to utilize the superior sectors in Asahan Regency is the Strenghts-Opportunities (S-O) strategy. Key words: the economic growth, economic basis sector, LQ analysis, shift share analysis, gravity and SWOT analysis

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