nep-sea New Economics Papers
on South East Asia
Issue of 2024‒02‒05
37 papers chosen by
Kavita Iyengar, Asian Development Bank


  1. Food Insecurity Experience Scale Measurement of Agricultural Households in Indonesia: Analysis of the Agricultural Integrated Survey Results By Kadir, Kadir; Prasetyo, Octavia Rizky; Rudiana, Eka
  2. "Determining Factors Influencing Job Satisfaction and Organizational Commitment of Young Workers: Insights from Vietnam " By Bao-Trung Phan
  3. The Digital Economy in Thailand: Potential and Policies By Juthathip Jongwanich
  4. Harnessing the Opportunities in Services Trade under RCEP: Perspectives from the Philippines By Tullao, Tereso Jr. S.; Rivera, John Paolo R.
  5. MACROECONOMIC ANALYSIS SERIES: Indonesia Economic Outlook Q2-2023 By Jahen F. Rezki; Syahda Sabrina; Nauli A. Desdiani; Teuku Riefky; Amalia Cesarina; Meila Husna; Faradina Alifia Maizar
  6. BI Board of Governor's Meeting, June 2023 By Jahen F. Rezki; Syahda Sabrina; Nauli A. Desdiani; Teuku Riefky; Amalia Cesarina; Meila Husna; Faradina Alifia Maizar
  7. BI Board of Governor's Meeting, July 2023 By Jahen F. Rezki; Syahda Sabrina; Nauli A. Desdiani; Teuku Riefky; Amalia Cesarina; Meila Husna; Faradina Alifia Maizar
  8. MACROECONOMIC ANALYSIS SERIES: Indonesia Economic Outlook 2024 By Jahen F. Rezki; Syahda Sabrina; Nauli A. Desdiani; Teuku Riefky; Amalia Cesarina; Meila Husna; Faradina Alifia Maizar; Yoshua Caesar
  9. BI Board of Governor's Meeting, October 2023 By Jahen F. Rezki; Syahda Sabrina; Teuku Riefky; Amalia Cesarina; Faradina Alifia Maizar; Yoshua Caesar Justinus
  10. BI Board of Governor's Meeting, September 2023 By Jahen F. Rezki; Syahda Sabrina; Teuku Riefky; Amalia Cesarina; Faradina Alifia Maizar; Yoshua Caesar Justinus
  11. MACROECONOMIC ANALYSIS SERIES: Indonesia Economic Outlook Q3-2023 By Jahen F. Rezki; Syahda Sabrina; Nauli A. Desdiani; Teuku Riefky; Amalia Cesarina; Meila Husna; Faradina Alifia Maizar; Yoshua Caesar
  12. Inovasi Kebijakan dalam Pusaran Penerapan Sains dan Kepentingan Politik: Lesson Learnt Penanganan Pandemi COVID-19 di Indonesia By Seftyono, Cahyo
  13. BI Board of Governor's Meeting, May 2023 By Jahen F. Rezki; Syahda Sabrina; Nauli A. Desdiani; Teuku Riefky; Amalia Cesarina; Meila Husna; Faradina Alifia Maizar
  14. How Does Psychological Empowerment Affect Entrepreneurial Orientation at Women-Owned SMEs in Indonesia? By Anissa Lestari Kadiyono
  15. Climate Change Impact on Paddy Yield in Indonesia: Farmers' Experience based on the 2021 Crop-Cutting Survey's Results By Prasetyo, Octavia Rizky; Kadir, Kadir
  16. "Digital Exploration and Marketing Study of Cultural Genes in Batik Patterns from China and Malaysia " By Zhang Na
  17. "The application of analytical procedures in Big Four audit firms in Vietnam " By Phuong Thi Nguyen
  18. Navigating the Service Ecosystem in Private Primary Care to Enhance Healthcare Accessibility Management By Ilma Nurul Rachmania
  19. BI Board of Governor's Meeting, December 2023 By Jahen F. Rezki; Syahda Sabrina; Teuku Riefky; Amalia Cesarina; Faradina Alifia Maizar; Yoshua Caesar Justinus
  20. Ecosystem services may provide large economic values in Kenya and Vietnam: A value transfer application based on results from a systematic literature review By Hettiarachchi, Upeksha; Zhang, Wei; Pham, Thuy Thu; Davis, Kristin; Fadda, Carlo
  21. "Harmonizing Workplace Wellness: Exploring the Integration of Spirituality and Restoration in the Malaysian Public Sector – A Comprehensive Literature Review " By Norhasni Zainal Abiddin
  22. BI Board of Governor's Meeting, November 2023 By Jahen F. Rezki; Syahda Sabrina; Teuku Riefky; Amalia Cesarina; Faradina Alifia Maizar; Yoshua Caesar Justinus
  23. BI Board of Governor's Meeting, August 2023 By Jahen F. Rezki; Syahda Sabrina; Teuku Riefky; Amalia Cesarina; Faradina Alifia Maizar; Yoshua Caesar Justinus
  24. "Factors that influence Personal Financial Management at the Islamic Economics Student Institute Perbanas Jakarta " By Markonah Markonah
  25. ZAKAT PROFESI DAN PPH 21 (PEMBAHASAN KASUS-KASUS) By Bulutoding, Lince
  26. "Determinants of the Dining Practices of College Students: Basis for the Promotion and Adoption of Sustainable Dining " By Ma. Cristina Q. Trinidad
  27. "Navigating the Path to Construction 4.0: Policies, Challenges, and Strategies in Malaysian Construction Industry " By Changsaar CHAI
  28. Effect on New Loan Repayment Fine Clause on Bank Jaya Artha's Customer Satisfaction and Recommendation By Mustaqim Adamrah; Yos Sunitiyoso
  29. Multi-Objective Auctions for Utility-Scale Solar Battery Systems: Lessons for ASEAN and East Asia By Toba, N.; Jamasb, T.; Maurer, L.; Sen, A.
  30. A conceptual framework of living labs for people for sustainable food systems By Habermann, Birgit; Nehring, Ryan; Zhang, Wei; Hettiarachchi, Upeksha; Leñero, Eva Marina-Valencia; Falk, Thomas; Rietveld, Anne M.; Woltering, Lennart; Kumar, Praveen; Wang, Xinxin; Zhou, Yunyi; Chen, Kevin Z.; Pham, Thuy Thu; Rodríguez, Luz à ngela; Venegas, Martha
  31. "The Five Reporting Bottom Lines, Implementation of Integrated Reporting Towards Sustainable Development Management Accountability " By Syaiful Hifni
  32. Bride price customs are widespread in many developing countries. While the economic literature has widely investigated the implications of such transfers on women’s welfare, little is known about their consequences on men’s premarital behavior. In this paper, we exploit a quasi-natural experiment of a school-building program in Indonesia (INPRES) to investigate the relationship between marriage norms and the internal migrations of young men in age to marry. Based on empirical and theoretical settings of the literature, we rely on the effects of the INPRES program on girls’ education and the parents’ expectations on their daughters’ bride price. Combining anthropological, administrative, and individual based datasets, we implement a triple-difference approach. We find that men with bride price customs were more likely to migrate to areas more economically attractive than their district of origin. In contrast, no evidence exists of such behavior for men from ethnic groups without marriage payments. Wei nterpret these results as evidence for the fact that men migrate to accumulate resources at destination to meet the parents’ bride price expectations and marry at home. We also highlight that these migration strategies are implemented by the less advantaged males in their origin marriage market (latter-borns or from lower social class).These findings suggest that the interaction between marital norms and policies can result in unintended consequences, such as increasing premarital migration. By Hugues Champeaux; Elsa Gautrain; Karine Marazyan
  33. "The Legislative and Governance Framework of Wastewater in Malaysia " By Hanim Kamaruddin
  34. Digital technology adoption and SMEs’ Financial Performance: Evidence from Thailand By Juthathip Jongwanich; Archanun Kohpaiboon
  35. Global Risk Factors and Their Impacts on Interest Rates and Exchange Rates: Evidence from ASEAN+4 economies By OGAWA Eiji; LUO Pengfei
  36. KONSEP PAJAK Menurut Islam VS Umum By Bulutoding, Lince
  37. Five preventable problems that occur in global change projects : a view from the field (Asia) By Yoshiko Zoet-Suzuki; Elvin Zoet

  1. By: Kadir, Kadir; Prasetyo, Octavia Rizky; Rudiana, Eka
    Abstract: Measuring the food insecurity of agricultural households is very important in the Indonesian context since the country’s agricultural sector is dominated by small-scale farmers that are prone to food insecurity. Moreover, it also describes the resilience and sustainability of the agricultural sector in the country from the social dimension. However, to date, there is no study assessing the prevalence of food insecurity among agricultural households in Indonesia utilizing a nationwide agricultural survey. Hence, to fill the gap, this study aims to gauge the prevalence of food insecurity among agricultural households in Indonesia. In doing so, we applied the Rasch model to the Food Insecurity Experience Scale (FIES) data obtained from the results of first Indonesia’s Agricultural Integrated Survey (AGRIS) conducted in 2021. After applying the Rasch Model on FIES data collected from 212, 339 agricultural household samples responding to all FIES questions, we found that our FIES data provide a reliable measurement of food insecurity in agricultural households. Following the SDG 2.1.2 framework, the final results showed that the proportion of agricultural households in Indonesia experiencing severe levels of food insecurity was 0.29 per cent while the proportion of agricultural households experiencing moderate or severe levels of food insecurity, combined, was 3.27 per cent of around 20 million agricultural households. As expected, those households experiencing severe food insecurity only manage a small area of agricultural land, particularly on Java Island with an average of fewer than 0.5 hectares per household. This finding may suggest that food insecurity exists in Indonesia among agricultural households with limited access to agricultural land resources.
    Keywords: agricultural household; FIES; AGRIS; Rasch model; Indonesia
    JEL: Q12 Q18
    Date: 2023–04–12
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:119416&r=sea
  2. By: Bao-Trung Phan ("International School, Vietnam National University Ha Noi, 10000, Hanoi, Viet Nam " Author-2-Name: Nguyen-Nhu-Y Ho Author-2-Workplace-Name: "International School, Vietnam National University Ha Noi, 10000, Hanoi, Viet Nam " Author-3-Name: Thi-Minh-Ngoc Luu Author-3-Workplace-Name: "International School, Vietnam National University Ha Noi, 10000, Hanoi, Viet Nam " Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: "Objective - The organizational behavior of the young workforce in a country currently in a period of golden population structure like Vietnam has been a controversial topic for domestic and foreign business owners. This study explores the relationship between job satisfaction and six factors and the impact of job satisfaction-based work effort on organizational commitment in Vietnam Methodology/Technique - Using a sample of employees under 30 years old who have recently graduated with a modern mindset, an antecedent mediation model, regression analysis, and structural equation modeling were employed to test the research hypotheses. Findings and Novelty - The results revealed that environmental support was the most significant factor for young workers in Vietnam, followed by achievement orientation, teamwork, and work conditions. The study provides practical implications for young workers and offers suggestions for employers. The findings contribute to a better understanding of the factors that influence job satisfaction and organizational commitment among young workers in Vietnam. Type of Paper - Empirical"
    Keywords: Job satisfaction, Organizational Commitment, Vietnamese Young Workforce.
    JEL: J28 J29
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr641&r=sea
  3. By: Juthathip Jongwanich (Faculty of Economics, Thammasat University)
    Abstract: This paper aims to examine potential of digital economy in Thailand and review key policies in four prospects, including industrial transformation, investment policy, digital plans, and digital rules and regulations and international cooperation. The research shows that the digital economy in Thailand grew substantially and faster than GDP growth in 2017-2020. Investment has gained momentum in driving the digital economy in Thailand since 2021. Digital infrastructure has been improved in the country over the past decade, but comparing to other countries in Asia, like China, Singapore, Malaysia and Vietnam in some respects, infrastructure development and accessibility of population in the country are still lacked behind, particularly in terms of ICT skills and prices. Various rules and regulations were amended and introduced to support digital development in the country. Such establishments together with some programs have implications in improving Political-Security and Socio-Cultural, in addition to Economic pillars. Various international cooperation concerning digital provisions has been initiated but based on the Regional Digital Trade Integration Index (RDTII), Thailand’s digital trade integration lacks behind other Asian countries, mainly due to restricted rules and regulations especially those connecting to telecommunication policy and competition, internet intermediary liability and content access.
    Keywords: Digital Economy, Policy Analysis, Thailand, Developing Asian Countries
    JEL: L60 L86 O53
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:tha:wpaper:20240103&r=sea
  4. By: Tullao, Tereso Jr. S.; Rivera, John Paolo R.
    Abstract: This study investigates how the Regional Comprehensive Economic Partnership (RCEP) can deepen the contributions of trade in services in the Philippine economy through the commitments made and limitations imposed. It reviews and assesses the specific commitments of AFPs joining the RCEP in terms of trade in services, particularly on market access and national treatment. These commitments were compared, and their relevance was evaluated to the needs of the Philippines to determine the benefits it can reap from RCEP. The analysis suggests that the RCEP is a marginal regional trading arrangement that should be viewed as a compilation of previous regional trading agreements for key economies in the Asia-Pacific region. Because of the additional commitments made by the signatory economies, specific opportunities in trade in services may be valuable for the Philippines. However, challenges exist in the form of market access and national treatment limitations, which the Philippines must view as an opportunity to enhance its domestic productivity.
    Keywords: ASEAN;Regional Comprehensive Economic Partnership;free trade agreements;market access;national treatment;trade in services;RCEP
    Date: 2024
    URL: http://d.repec.org/n?u=RePEc:phd:rpseri:rps_2024-01&r=sea
  5. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Nauli A. Desdiani (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Meila Husna (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Indonesia has managed to get through episodes of inflationary pressure, high commodity prices, global monetary tightening, and value chain disruptions rather splendidly. Economy grew by 5.31% (y.o.y) for overall 2022 after recording higherthan-expected growth at 5.01% (y.o.y) in Q4-2022. The persistent notable performance of economic growth was supported mainly by the solid domestic demand following the manageable public health situation and robust production activity stemming from commodity windfall. It is reflected in the sectoral figure with the growth of the biggest sector contributor to GDP, manufacturing industry, which has reached 4.89% (y.o.y) in 2022 and marked as its highest annual growth rate since 2013. Looking into the subsector of manufacturing industry, the significant growth of manufacturing industry was driven by its major contributor, the manufacturing of FnB. The double-digit growth of manufacturing of machinery and equipment and basic metal has also accelerated the growth of manufacturing industry and reflected the solid production activities in Indonesia throughout 2022. On the spending side, solid household consumption annual growth rate of 4.93% (y.o.y) and investment growth of 3.87% (y.o.y) have both contributed significantly to robust GDP growth. All the expenditure components grew positively in Q4-2022, except for government spending with its negative growth of 4.77% (y.o.y) in Q4-2022 due to lower health and social spending for Covid-19-related stimulus.
    Keywords: gdp — economic quarterly — economic outlook — inflation — macroeconomics
    Date: 2023–02
    URL: http://d.repec.org/n?u=RePEc:lpe:queout:202302&r=sea
  6. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Nauli A. Desdiani (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Meila Husna (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Headline inflation rate eased to the upper range of BI’s target with benign core inflation. Amidst declining commodity prices driven by declining global demand, the trade balance still posted a modest surplus with a remarkable performance of imports reflecting the ongoing domestic economic improvements amid the risk of a global slowdown. Externally, the Fed’s current pause of rate hikes somehow brings fresh air for Indonesia to enjoy capital inflows and strengthened Rupiah to around IDR14, 800-14, 900. With the recent developments, we view BI should keep its policy rate at 5.75% this month to maintain price and exchange rate stability while continuing accommodative measures to support economic growth.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–06
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202306&r=sea
  7. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Nauli A. Desdiani (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Meila Husna (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: The latest inflation figure eased and fell in the range of BI’s target of 3±1%. Other indicators, such as CCI and PMI, also showed that the domestic economy remained solid, with optimistic consumer expectations and producers standing above the expansionary territory. On the external side, the Fed’s decision to keep its rate unchanged has allowed Indonesia to maintain the yield spread between Indonesia Government Bonds and the US Treasury Bonds, which resulted in an adequate inflow to Indonesia and solid performance of Rupiah in comparison to other EM currencies. Given these considerations, BI should maintain its policy rate at 5.75% to stabilize Rupiah while observing the Fed’s decision at the upcoming FOMC meeting.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–07
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202307&r=sea
  8. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Nauli A. Desdiani (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Meila Husna (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Yoshua Caesar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Political climate and global monetary condition will be two of the key themes that will affect Indonesian economy 2024. The upcoming general election may have mixed effects on growth and other macroeconomic indicators in 2024. On one hand, Indonesia will carry out its first ever simultaneous elections (Pemilu Serentak) from national to city level; consequently stimulate massive money injection to the economy induced by campaign spending and other polically driven public expenditure. Hefty money multiplier will boost domestic consumption throughout 2024 as the subnational level election might be held near the end of next year. On the other hand, the long transition period until the next administration assume the office will prolong the wait-and-see sentiment by private sector and might stun the growth of credit and investment.
    Keywords: gdp — economic quarterly — economic outlook — inflation — macroeconomics
    Date: 2023–04
    URL: http://d.repec.org/n?u=RePEc:lpe:queout:202304&r=sea
  9. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Yoshua Caesar Justinus (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Indonesia’s inflation figure fell below 3% in September due to the high-base effect from the same period last year. However, the inflation trends underscore the ongoing efforts to preserve price stability amid diverse challenges, most notably the El Nino weather phenomenon, which is expected topeak in September. Indonesia also maintained a higher trade surplus in September 2023, which marks the 41st consecutive month of surplus. However, the dynamics in the US market regarding potential rate hikes in the upcoming months have translated into an outflow spree of capital from the Indonesian market in recent weeks, as noted in the selloff in stocks and bonds assets amounting to USD1.35 billion between midSeptember and mid-October. It is worth emphasizing that the pressures on the Rupiah are expected to persist for a while, which will likely pose challenges for the central bank in the coming months. In light of the pressures on the Rupiah and the necessity to uphold the interest rate differential with the Fed, we are in the view that BI shall maintain its policy rate at the existing level of 5.75% while continuing its macroprudential effort to stabilize any short-term pressure on price and exchange rate level.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–10
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202310&r=sea
  10. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Yoshua Caesar Justinus (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Indonesia’s inflation remained stable and aligned with the BI’s target range. August’s trends in core inflation, administered prices, and the volatile food group underscore the ongoing efforts to preserve price stability amid diverse challenges, most notably the El Nino phenomenon—which is expected to peak in August until September—as well as Russia’s suspension of Black Sea Grain Initiatives. The economy also grew stronger than expected in the second quarter of this year, thanks to robust domestic demand. Despite the capital outflows from Indonesia’s financial market as the Fed raised interest rate again at the July FOMC, Indonesia maintained a higher trade surplus in August 2023 compared to its figure in July 2023. Rupiah is also recorded as one of the best performing EMs currencies. Therefore, foreign exchange adequacy should be higher and help stabilize the exchange rate without the urge for BI to adjust the policy rate. All in all, we see that BI should hold its policy rate at the current level of 5.75% while monitoring Rupiah stability and maintaining domestic prices.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–09
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202309&r=sea
  11. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Nauli A. Desdiani (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Meila Husna (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Yoshua Caesar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Despite the economic bleakness in the global economy following serious disruptions of prolonged Covid-19 spread, geopolitical tension, rising food and energy prices, and overheating inflation throughout 2022, Indonesia has managed to persistently grow at 5.72% (y.o.y) in Q3-2022. The figure is the highest level in the last ten years and marks its third consecutive quarter having a growth rate higher than expectations. The growth was mainly supported by the solid demand and production activity as Indonesia managed to channel the commodity windfall profit to increase the budget and delay the fuel price hike. Moreover, the relatively low growth in the same period previous year has also contributed to the higher-than-expected growth in Q3-2022. Manufacturing industry as the biggest sector to contribute to GDP recorded a significant growth increase from 4.01% (y.o.y) in Q2-2022 to 4.83% (y.o.y) in Q3-2022. From expenditure side, the robust household consumption of 5.39% (y.o.y) and investment growth of 4.96% (y.o.y) has played an important role in boosting economic growth.
    Keywords: gdp — economic quarterly — economic outlook — inflation — macroeconomics
    Date: 2023–03
    URL: http://d.repec.org/n?u=RePEc:lpe:queout:202303&r=sea
  12. By: Seftyono, Cahyo
    Abstract: COVID-19 saat ini sudah dianggap bukan ancaman di banyak negara (WHO, 2023). Di Indonesia sendiri, bahaya COVID-19 seolah sudah hilang dengan mulai dihapuskannya aturan terkait Pemberlakuan Pembatasan Kegiatan Masyarakat atau PPKM. Presiden menyatakan menghapus PPKM melalui Instruksi Mendagri nomor 50 dan 51 tahun 2022 (Setneg, 2022). Namun demikian proses hingga munculnya penghapusan kebijakan PPKM dan kembalinya kita kepada era baru pasca-COVID-19 dimulai dari beragam tantangan penanganan pandemi. Kondisi yang saat ini kita hadapi berbeda dengan kondisi sebelum pandemi. Secara global penanganan pandemi COVID-19 dapat dikategorisasi menjadi dua pendekatan besar. Pendekatan yang pertama adalah peran negara yang semakin dominan atau otoriter (Manson, 2020) sebagaimana yang ada terjadi di Tiongkok (Hu dan Sidel, 2020) dan Vietnam (Taniguchi, 2022). Pendekatan yang kedua adalah dengan pendekatan yang demokratis (Kavanagh dan Singh, 2020). Pendekatan ini yang secara umum dilakukan oleh mayoritas negara di dunia dengan kapasitas masing-masing sebagaimana yang kemudian dimunculkan dalam pemeringkatan penanganan pandemi oleh The Lowy Institute dari Australia pada 2021 dan juga hasil kajian Jamison dkk pada 35 negara dari berbagai benua kecuali Afrika (2020). Meskipun terdapat dua corak pendekatan, sejatinya yang terjadi adalah dinamika pengarusutamaan sains dalam penanganan pandemi sesuai kapasitas masing-masing negara. Negara-negara dengan pilihan pendekatan otoriter, tetap saja menggunakan basis-basis saintifik dalam merespon pandemi. Pun demikian dengan negara yang memilih untuk berlaku demokratis, mereka juga menjadikan sains sebagai dasar respon pandemi. Dengan mengangkat penanganan pandemi COVID-19 di Indonesia yang diperkuat dengan data lapangan dari Kota Depok dan Kota Surakarta , artikel ini bertujuan untuk mengelaborasi bagaimana sains dan politik membentuk pilihan-pilihan kebijakan.
    Date: 2023–12–12
    URL: http://d.repec.org/n?u=RePEc:osf:socarx:9uyfe&r=sea
  13. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Nauli A. Desdiani (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Meila Husna (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Headline inflation is gradually subsiding with steady core inflation that indicates strong and manageable domestic demand. Externally, the less aggressive monetary tightening from the Fed and attractive yield spread have accommodated capital inflows to Indonesia. As a result, Rupiah is appreciating to the strongest level reaching IDR14, 670 in early May supported by the rush upsurge in capital flows following the announcement of higher-than-expected Indonesia’s Q1-2023 economic growth of 5.03% (y.o.y). We view BI should hold its policy rate at 5.75% this month while planning to set the accommodative monetary policy to enhance external resilience amid potential global slowdown this year.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–05
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202305&r=sea
  14. By: Anissa Lestari Kadiyono (Faculty of Psychology-Universitas Padjadjaran, Sumedang - Indonesia 45363 Author-2-Name: Aryo Bima Fathoni Cahyono Author-2-Workplace-Name: Faculty of Psychology-Universitas Padjadjaran, Sumedang - Indonesia 45363 Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - This research is conducted with a focus on women-owned SMEs in Indonesia, which play a crucial role in driving the nation's economic progress. The study aims to determine whether the psychological empowerment and entrepreneurial orientation of women who own and operate SMEs can be enhanced to encourage further economic development. Methodology/Technique - This study employs quantitative analysis, with primary data collected through a questionnaire survey. The survey garnered responses from 796 participants selected via quota sampling from 3 major densely populated provinces in Indonesia, namely West Java Province, West Sumatra Province, and Yogyakarta D.I. Province. Structural Equation Modeling was used to test the model. Finding - The results of the analysis reveal that women's psychological empowerment has a significant impact on entrepreneurial orientation. Interventions designed to bolster psychological empowerment and entrepreneurial orientation are expected to enhance the productivity of women-led SMEs. The research has yielded an alternative model for improving the performance of female entrepreneurs in the SME sector to boost competitiveness by fostering increased entrepreneurial intentions. Novelty - In the framework of social cognitive theory, Women's Psychological Empowerment represents a psychological asset that enables individuals, particularly female SME operators, to address challenges in their environments proactively. This empowerment is associated with a positive orientation towards entrepreneurial behavior. The study has yielded a model that aims to augment the capabilities of women SME entrepreneurs, thereby preparing them to thrive within the digital economy ecosystem. Type of Paper - Empirical"
    Keywords: Psychological Empowerment; Entrepreneurial Orientation; Women-Owned SMEs; Gender
    JEL: L2 L26
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr640&r=sea
  15. By: Prasetyo, Octavia Rizky; Kadir, Kadir
    Abstract: Climate change is a critical issue for food insecurity in many countries. It can disrupt food availability since it potentially results in the reduction of agricultural yield and eventually threatens smallholder farmers' livelihood and food security in the future. In the context of Indonesia, paddy cultivation, as one of the primary crop commodities, is also prone to climatic issues, such as floods and drought. However, to our knowledge, studies examining climate change's impact on the yield of paddy utilizing the nationwide survey in Indonesia are still limited. Hence, this study aims to assess the impact of climate change on the wetland and dryland paddy yield in Indonesia. In doing so, we applied a logistics regression to the 2021 Indonesian Crop-Cutting Survey results. The survey is conducted annually by Indonesian Statistical Agency (BPS) to obtain the yield data and information related to farmers' perceptions of climate change's impact on yield. After applying a logistics model to 50, 619 wetland paddy crop samples and 1, 081 dryland paddy crop samples, we found that paddy growers experiencing events resulting from climate change are more likely to have a higher probability of experiencing a decrease in their paddy yield than those who did not experience them, which is 2.23 times higher for wetland paddy and 1.77 times higher for dryland paddy. Besides, an incline in pest attack intensity and water insufficiency are also found to impact paddy yield reduction significantly. Further, based on kernel density distribution between groups of farmers, our finding pointed out that the yield of farmers affected by climatic issues, experiencing an increase in pest attacks, and facing water shortage, is slightly to the left of the opposite groups, which means that they are significantly lower than those unaffected. To conclude, this finding confirms that climate change, pest attacks, and insufficient avail water play a non-negligible role as yield-reducing factors in Indonesia's wetland and dryland paddy production. Thus, the mitigation of climate change impact, better strategy for pest control, and improved water management in paddy cultivation are essential to maintaining paddy production's sustainability.
    Keywords: climate change; yield; crop-cutting; paddy; Indonesia
    JEL: Q15 Q18
    Date: 2023–06–10
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:119446&r=sea
  16. By: Zhang Na (PhD candidate, City University Malaysia, Malaysia Author-2-Name: Sharul Azim Sharudin Author-2-Workplace-Name: City University Malaysia, Menara City, 8, Jalan 51a/223, 46100 Petaling Jaya, Selangor, Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - Batik, recognized as a world cultural heritage, boasts a rich history and unique artistic charm, with distinctive styles and cultural connotations in China, Malaysia, and other regions. However, with digitization and globalization, batik faces challenges related to cultural heritage preservation, market circulation, artistic innovation, and digital transformation. Methodology/Technique - This study employs a mixed research method, combining qualitative methods such as field investigation, literature research, case study, and comparative study, with quantitative methods, including graphic extraction, color capture, morphological recognition, and spatial distribution analysis. Findings - The comprehensive comparative study focuses on batik patterns in Guizhou, China, and Malaysia, utilizing digital techniques to delve into their intricacies and features. The innovation of this research lies in the organic integration of qualitative and quantitative methods, transcending the boundaries of disciplines such as art, anthropology, graphics, and computer science. This approach allows for a holistic understanding of the micro-elements within batik patterns. The study expands our knowledge of the cultural genes of batik and achieves breakthroughs in digital research. Novelty - It provides methodological and theoretical innovations for cultural research in the digital age, ensuring batik's continued prosperity and inheritance as a cultural heritage in contemporary society. Type of Paper - Review"
    Keywords: Batik; Cultural Heritage; Digitization and Globalization; Mixed Research Method; Qualitative Methods; Quantitative Methods; Cultural Genes; Digital Research.
    JEL: F30 M3
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr321&r=sea
  17. By: Phuong Thi Nguyen (International School, Vietnam National University, Vietnam Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: "Objective - The primary objective of this exploratory research is to investigate the perception of Big Four auditors in Vietnam on the importance of analytical procedures in financial audits, factors affecting the adoption of analytical procedures, and how Big Four auditors apply analytical procedures in audit practice. Methodology/Technique - Through the utilization of qualitative research methods, including interviews, internal documents from Big Four audit firms, and secondary data, this study seeks to uncover valuable insights into the adoption of analytical procedures within the Big Four audit firms. The current study uses thematic analysis as the method for data analysis. Findings - The results indicate that analytical procedures were important and necessary in an audit engagement at the Big Four. Experienced auditors consider analytical procedures to be more important than less experienced auditors. Big Four employees actively apply these procedures in all three phases of an audit. Managers mainly perform analytical procedures when planning, and partners and seniors might be involved. The auditors utilize trend analysis, ratio analysis, and reasonable testing in the planning state. However, trend analysis is the major technique preferred. During the audit stage, the application of analytical procedures depended on the auditors' experience, audit clients' size, and characteristics. Big Four auditors use simple analytical techniques such as trend analysis, ratios analysis, and reasonable analysis but do not use advanced techniques such as regression analysis. The team leader, executives, and partners perform the analysis at the reviewing stage. The auditors still mainly apply Excel in the analytical procedures with almost all audit clients. With some extensive audits whose books are suitable with the data analysis software, auditors will utilize such software to automate analytical procedures. Novelty - The first study addresses the factors affecting and mode of application of analytical techniques in Big Four audit firms in Vietnam by utilizing a qualitative method. Type of Paper - Empirical"
    Keywords: Big Four; auditors; analytical procedures; analytical techniques; audit work
    JEL: M42 M49
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr229&r=sea
  18. By: Ilma Nurul Rachmania ("School of Business and Management, Bandung Institute of Technology, 40116, Bandung, Indonesia" Author-2-Name: Gatot Yudoko Author-2-Workplace-Name: "School of Business and Management, Bandung Institute of Technology, 40116, Bandung, Indonesia" Author-3-Name: Mursyid Hasan Basri Author-3-Workplace-Name: School of Business and Management, Bandung Institute of Technology, 40116, Bandung, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - The concept of the service ecosystem is gaining recognition in the academic community of management scholars. In this context, the discussion revolves around service-dominant logic, where the focus shifts to the value derived from service and relationships in the broader ecosystem. Therefore, this study aimed to explore the phenomena of healthcare access and how to navigate the service ecosystem to enhance healthcare accessibility management. Methodology - The qualitative method was used with a case study design across two private primary care facilities in West Java. Results - The results showed that challenges related to healthcare access were prevalent in developing countries, including Indonesia. However, there was a significant potential for innovation to achieve improvements. The results underscored the crucial need for collaborative efforts from multiple sectors and critical stakeholders. Novelty - The novelty of this study lies in the adoption of an ecosystem perspective, accentuating the significance of value co-creation through collaborative efforts among interconnected actors. The results also contributed to a more comprehensive understanding of healthcare accessibility management in developing countries, offering insights that could inform strategies for fostering a more equitable and inclusive healthcare service management. Type of Paper - Empirical"
    Keywords: Healthcare Access, Service Ecosystem, Value Co-Creation, Healthcare Services, Primary Care
    JEL: I11 M15 D63 I12 I13
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr325&r=sea
  19. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Yoshua Caesar Justinus (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: El-Nino still plays a major part in pushing inflation upward. Headline annual inflation climbed up to 2.86% (y.o.y) in November 2023. Contrary to the previous months, source of pressure of food prices shifted in November from rice to other commodities, such as red chili pepper, cayenne pepper, and onion. While GoI has done a rather excellent job in managing rice price through import, further prompt policy response is urgently needed as El-Nino is disrupting other food ingredients supply adequacy. Energy price decrease also helped in managing the overall inflation rate of November 2023. On the external factor, the Fed’s decision to hold its FFR and additional foreign currency supply spurred by export proceeds from natural resources (Devisa Hasil Ekspor Sumber Daya Alam/DHE SDA) policy has bolstered the value of Rupiah, which was recorded at around IDR15, 500 per USD in mid-December 2023. Currently, Rupiah is among the least affected currencies by global shocks throughout 2023. A rather manageable inflation figure and excellent performance of Rupiah during the last month put us in a view that BI should leave its policy rate steady at 6.00% in December 2023.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–12
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202312&r=sea
  20. By: Hettiarachchi, Upeksha; Zhang, Wei; Pham, Thuy Thu; Davis, Kristin; Fadda, Carlo
    Abstract: This study focuses on the valuation of ecosystem services in Kenya and Vietnam, two countries that have received much attention from the international development community for their biodiversity significance, opportunities for scaling, climate and poverty challenges, and political will. Using The Economics of Ecosystems and Biodiversity (TEEB) framework and the Millenium Ecosystem Assessment (MEA), this study estimates per hectare values of ecosystem services in Kenya and Vietnam based on a systematic literature review of studies on the values of ecosystem services in both countries. Provisioning services, such as medicines, timber, and non-timber forest products were better studied than regulating, supporting and cultural ecosystem services, underscoring the need for further research to better estimate the values of non-tangible services which would improve the estimation of total value of ecosystem services in Kenya and Vietnam. To complement the national level analysis, we selected forest biomes to conduct a value transfer analysis. Forests provide ecosystem service benefits worth $25.78 billion for Kenya and $35.6 billion in Vietnam in 2022 USD. In comparison, the agricultural sector contributed $48.50 billion to Vietnam’s GDP and $24.10 billon to Kenya’s GDP in 2021. The per hectare values for ecosystem services are used in a value transfer analysis to estimate the total value of forest ecosystem services in Vietnam and Kenya. The average per hectare value of ecosystem services provided by forests in Kenya is $5, 718.50 ha−1 yr−1 estimated within a range spanning $1, 609.44 to $15, 606.62 ha−1 yr−1 , while Vietnam's forests demonstrate an average value of $3, 650.20 ha−1 yr−1 , with a range of $84.93 to $8, 978.16 ha−1 yr−1 . We project the loss of forests into 2050 and estimate the annual economic loss of ecosystem services at $48.08 million for Kenya and $76.29 million for Vietnam, respectively, if deforestation and forest degradation continue at the current rates. Our approach presents a comprehensive overview of diverse ecosystem services, equipping policymakers with a nuanced comprehension of ecosystems’ inherent value. By consolidating values from the literature into a national-level estimate, we provide compelling evidence at a broader scale for informed decision-making. Despite the well-known limitations of value transfer method and with caveats, the values presented in our paper can provide a guiding reference for incorporating these estimations into broader policymaking endeavors.
    Keywords: biodiversity; deforestation; ecosystem services; forests; policies; value theory; KENYA; EAST AFRICA; AFRICA SOUTH OF SAHARA; AFRICA; VIET NAM; VIETNAM; SOUTH EAST ASIA; ASIA
    Date: 2023
    URL: http://d.repec.org/n?u=RePEc:fpr:ifprid:2228&r=sea
  21. By: Norhasni Zainal Abiddin (National Defence University of Malaysia, 57000, Kuala Lumpur, Malaysia Author-2-Name: Fazielah Mohamad Author-2-Workplace-Name: National Defence University of Malaysia, 57000, Kuala Lumpur, Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - This study aims to investigate the relationship between spirituality and restoration in the public sector workplace of civil officials in Malaysia, specifically through the lens of emotional intelligence. The primary objective is to enhance the understanding of emotional wellness among government employees, addressing it as a crucial mental health concern in the context of workplace dynamics. Methodology/Technique - The study utilizes a comprehensive literature review to identify and extract relevant information on emotional wellness, with a specific emphasis on spirituality and recovery. Data collection involves exploring the experiences and perspectives of civil servants through surveys and structured assessments. Findings - The study anticipates shedding light on the intricate relationship between emotional intelligence, spirituality, and restoration in the workplace. By examining existing literature and conducting quantitative analyses, the research aims to provide insights into the specific ways in which spirituality and access to green spaces contribute to emotional wellness. The findings are expected to highlight the importance of integrating these elements into workplace strategies for government employees. This research contributes to the field by emphasizing the role of spirituality and nature in mitigating emotional disturbances among civil servants. The incorporation of therapeutic nature experiences is a novel approach to addressing mental health issues in the workplace. Novelty - The study also explores the concept of self-attachment to nature as a means of alleviating emotional disturbances and fostering a deeper connection with spirituality. By linking emotional wellness to these factors, the research introduces innovative strategies for enhancing the mental welfare of government employees, ultimately contributing to the broader discourse on workplace well-being. Type of Paper - Review"
    Keywords: Emotional Well-being; Green Workplace; Human Resource Development; Spirituality; Restoration.
    JEL: J60 J61 J63
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr323&r=sea
  22. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Yoshua Caesar Justinus (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Disruption in rice production due to the El Nino phenomenon resulted in an increase in inflation in October 2023, albeit not significantly, with the overall inflation recorded at 2.56% (y.o.y), within the BI’s target range. The trade balance in October showed an increased surplus of USD 3.48 billion, supported by a moderate decline in both exports and imports compared to the previous month. Furthermore, the Rupiah strengthened against the US dollar after BI decided to raise interest rates at the October 2023 meeting, while the Fed opted to maintain its interest rate levels. The Fed is likely to uphold its policy interest rates during the December 2023 FOMC meeting. Even with ongoing pressures on the Rupiah due to global market uncertainties, the convergence of these four factors guides BI in maintaining the interest rate at 6.00% for this month.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–11
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202311&r=sea
  23. By: Jahen F. Rezki (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Syahda Sabrina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Teuku Riefky (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Amalia Cesarina (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Faradina Alifia Maizar (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)); Yoshua Caesar Justinus (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))
    Abstract: Inflation slowed further after the normalization of global prices and the domestic price control program implementation. The economy also grew stronger than expected in the second quarter of this year, thanks to robust domestic demand. External pressures, on the other hand, have intensified as the Fed raised interest rate again at the July FOMC, resulting in capital outflows as well as currency depreciation in EMs. Despite maintaining one of the best performing EMs currencies, Rupiah is weakening as Indonesia’s trade surplus shrinks. BI should be able to manage external pressures on Rupiah amid the Fed’s potential continuation of another interest rate hike before the end of this year. Therefore, we see that BI should hold its policy rate at the current level of 5.75% while monitoring Rupiah stability and maintaining domestic prices.
    Keywords: gdp — economic — economic outlook — inflation — macroeconomics — interest rate
    Date: 2023–08
    URL: http://d.repec.org/n?u=RePEc:lpe:gomeet:202308&r=sea
  24. By: Markonah Markonah (Faculty of Economics and Business, Perbanas Institute, Jakarta, Indonesia Author-2-Name: Hedwigis Esti Mediteraniai Author-2-Workplace-Name: Faculty of Economics and Business, Perbanas Institute, Jakarta, Indonesia Author-3-Name: Yohanes Ferry Cahaya Author-3-Workplace-Name: Faculty of Economics and Business, Perbanas Institute, Jakarta, Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - Personal financial management is a way of managing finances that is the responsibility of the individual. This study analyzes the effect of financial literacy, financial attitude, and hedonistic lifestyle on personal financial management in Islamic Economics students at Perbanas Institute Jakarta. The benefit of this research is that Islamic Economics Students at the Perbanas Institute, Jakarta, are more careful in managing their personal finances. Methodology – The population in this study was Perbanas Institute Jakarta Islamic Economics students' class of 2018-2021. The sample in this study was obtained from questionnaire data distributed to 100 respondents using the nonprobability sampling method. Sampling used accidental sampling. Findings – Using regression analysis, data were processed with SPSS version 25. The results showed that the hedonistic lifestyle proved to have a positive and significant effect on personal financial management. In contrast, financial literacy and financial attitude had no effect on personal financial management. Adjusted R Square value of 23.2% states that Personal Financial Management is influenced by Financial Literacy, Financial Attitude, and hedonistic lifestyle of 23.2%. Novelty – It is recommended to improve the hedonistic lifestyle in managing their finances and how to allocate time effectively so that Personal Financial Management also increases so that they can save expenses. Type of Paper - Empirical"
    Keywords: Financial Literacy, Financial Attitude, Hedonism Lifestyle, Personal Financial Management.
    JEL: G21 G34 B26
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr218&r=sea
  25. By: Bulutoding, Lince
    Abstract: Buku ini membahas mengenai pemahaman terkait konsep kepatuhan pajak menurut islam, kasus-kasus perhitungan zakat profesi dan perhitungan Pajak Penghasilan 21 (PPh 21) yang berlaku di Indonesia yang disesuaikan dengan Rencana Pembelajaran Semester (RPS) Prodi Akuntansi UIN Alauddin Makassar. Diharapkan dengan hadirnya buku ini dapat membantu mereka yang berminat dan berkepentingan dengan konsep kepatuhan pajak, perhitungan zakat penghasilan (gaji) dan perhitungan PPh Pasal 21, mulai dari mahasiswa, dosen maupun praktisi bisnis.
    Date: 2022–09–30
    URL: http://d.repec.org/n?u=RePEc:osf:osfxxx:cazp4&r=sea
  26. By: Ma. Cristina Q. Trinidad (Polytechnic University of the Philippines, Sta. Mesa, 1016, Manila, Philippines Author-2-Name: Ron Michael Balderama Author-2-Workplace-Name: "Polytechnic University of the Philippines, Sta. Mesa, 1016, Manila, Philippines " Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - Food is an integral part of humanity. However, eating remains one of the poor practices of college students. Students have yet to practice sustainable dining procedures that affect their health and well-being and the environment because of food waste. Thus, this study intended to identify the dining practices of college students and some of the factors affecting those practices. Whether the factors are directly related to the dining practices and the latter were related to sustainability. Methodology/Technique - A quantitative-descriptive-correlational research study that utilizes a survey questionnaire, which comprises the individual, physical, social, and macro-environmental factors affecting the dining practices of the students during the rise of the pandemic, was used in this empirical study. Data was collected from 396 college students who underwent statistical and Pearson correlation analysis. Finding - The findings showed a direct relationship between the dining practices of the respondents and the various factors. Students practiced several dining practices, specifically drinking 5-7 glasses of water, and sustainable dining practices, such as eating home-cooked meals and choosing eco-friendly packaging. Novelty - Research findings can be relevant as an instrument for future interventions that promote and support the adoption and promotion of sustainable campus dining practices programs. Type of Paper - Empirical"
    Keywords: Dining practices, eating, sustainable consumption, sustainable production, sustainable dining, sustainability, hospitality, COVID-19, Polytechnic University of the Philippines.
    JEL: H43 H44
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr638&r=sea
  27. By: Changsaar CHAI (Faculty of Innovation and Technology, Taylor's University, Malaysia Author-2-Name: Szewen CHAN Author-2-Workplace-Name: "Faculty of Engineering, Computing and Science, Swinburne University of Technology Sarawak Campus, Kuching, Malaysia " Author-3-Name: Chiuyiong BIBIANA LIM Author-3-Workplace-Name: "Faculty of Business, Design and Arts, Swinburne University of Technology Sarawak Campus, Kuching, Malaysia " Author-4-Name: Palaneeswaran EKAMBARAM Author-4-Workplace-Name: School of Engineering, Centre of Sustainable Infrastructure and Digital Construction, Department of Civil and Construction Engineering, Swinburne University of Technology Melbourne, Australia Author-5-Name: Mohd Khairolden Bin GHANI Author-5-Workplace-Name: "Construction Industry Consultancy (BPIP), Construction Research Institute of Malaysia (CREAM), Malaysia " Author-6-Name: Chiakuang LEE Author-6-Workplace-Name: Faculty of Industrial Management, University Malaysia Pahang Al-Sultan Abdullah, Malaysia Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - This research introduces the Kaleidoscope Model, which offers a roadmap for policymakers to perform effective changes with the moderating effect of the challenges faced Methodology - The study employs document analysis and semi-structured interviews for qualitative data through content analysis. Findings - Results highlight that Policy Adoption and Policy Implementation notably influence the evaluation of the effectiveness of the Construction 4.0 policy. It is found that the moderating effect (challenges) does not influence the adoption of the Construction 4.0 policy in the Malaysian construction industry. Novelty - The novelty of this research lies in its provision of a framework, namely the Kaleidoscope Model, designed to facilitate the assessment of the effectiveness of implementing the Construction 4.0 policy in Malaysia. This framework aids policymakers and construction stakeholders in better understanding how to embrace new technologies, ultimately contributing to the realization of policy goals and enhancing effectiveness and efficiency in the construction industry. Type of Paper - Empirical"
    Keywords: Construction 4.0 Policy; Policy Change; Kaleidoscope Model; Policy Implementation Challenges; Malaysian Construction Industry
    JEL: L74 L78
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber241&r=sea
  28. By: Mustaqim Adamrah; Yos Sunitiyoso
    Abstract: The growing population of older people in Indonesia--the world's fourth-most populous country--makes a larger cake for the pension business, including in the banking sector. PT Bank Jaya Artha is one of the Indonesian banks that provide products and services for people who are set to enter retirement age. In the wake of tight competition in the pension business market, Bank Jaya Artha has since 2019 imposed a fine of three times of installments in addition to 5% of outstanding debt on customers planning to repay their debt in a mission to prevent them from leaving for competitors. While the clause is not included in loan agreements signed before the implementation, it applies to past loan agreements as well. This, in turn, has led to customer complaints. The research is meant to find out how the implementation of the unconsented clause has affected customer satisfaction and willingness to recommend the bank and what the bank should do to become more customer-centric, according to customers. Using a design thinking framework, the research collects quantitative and qualitative data from the bank's pension customers through questionnaires and forum group discussions. Statistical analysis is utilized on quantitative data from questionnaires, and content analysis is utilized on qualitative data from questionnaires. A narrative analysis is also used to explain qualitative data from forum group discussions. The result shows that there are problems in the way the bank communicates information to customers, particularly information about the loan repayment fine. Lack of transparency, a reactive approach instead of a proactive one, the obscurity of the information, and the time the information is delivered have affected customers' satisfaction toward the bank.
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:arx:papers:2401.04605&r=sea
  29. By: Toba, N.; Jamasb, T.; Maurer, L.; Sen, A.
    Abstract: Auctions are an increasingly popular means of competitively promoting and procuring renewable energy to meet energy, social, and climate change objectives. To succeed, the technology designs need to accommodate technological progress, declining costs, and increasing Environmental, Social and Governance (ESG) demand. This analysis examines international experiences with large-scale solar photovoltaic (PV) and battery energy storage systems (BESS) auctions, which may be useful for East and Southeast Asia. It revisits auctions' theoretical and conceptual frameworks while concentrating on the ESG aspect from the perspective of such key stakeholders as investors, government, bidders, and communities, regarding efficient allocations of risks, costs, and benefits. It then relates this framework to real-world practices and international evidence on solar PV with and without BESS. The analysis shows that integrating ESG in auction designs and business models is possible and can benefit business and sustainable development. This analysis’ focus on the ESG and solar PV plus BESS in auctions contribute are nearly non-existent in the existing academic literature according to the review by del Río and Kiefer (2023).
    Keywords: Renewable energy, solar power, battery storage, auction design
    JEL: D0 D4 D8 L0 L1 L9
    Date: 2023–12–29
    URL: http://d.repec.org/n?u=RePEc:cam:camdae:2344&r=sea
  30. By: Habermann, Birgit; Nehring, Ryan; Zhang, Wei; Hettiarachchi, Upeksha; Leñero, Eva Marina-Valencia; Falk, Thomas; Rietveld, Anne M.; Woltering, Lennart; Kumar, Praveen; Wang, Xinxin; Zhou, Yunyi; Chen, Kevin Z.; Pham, Thuy Thu; Rodríguez, Luz à ngela; Venegas, Martha
    Abstract: Innovation spaces are often dominated by linear, top-down approaches, with the transfer of technology being seen as the solution to many problems rather than trying to understand which innovation processes people are engaging with themselves. In other words, barriers to progress are typically viewed as issues of technology adoption, not as part of the innovation process itself. This study contributes to changing the paradigm by proposing a living lab approach, which considers innovation as an adaptive process where stakeholders co-produce knowledge and collaborate based on inclusivity and empowerment. Our specific concept for this approach is called a Living Lab for People (LL4P). This conceptual paper outlines a framework to guide the development of a LL4P that remains flexible to be adapted for specific sites. While we seek to identify common denominators, we recognize the necessity for such a framework to remain open enough to be adaptable for varied contexts. Consequently, the framework draws on the living lab literature but tailors existing approaches for sustainable food system transformation and puts people (men, women, and marginalized groups among key food system actors) at the center of innovation processes with a clear intention to address power and social inequity. We draw on specific cases in China, Colombia, Kenya and Vietnam as learning grounds for formulating LL4Ps through locally led innovation processes. Based on our learnings and consultations, we define a LL4P as an inclusive and diverse space for people to advance their socio-technical innovation processes and associated modes of governance within a facilitated organizational structure. The principles of LL4Ps include co-production, gender equality and social inclusion, governance and institutional sustainability to advance existing and novel innovation processes. The practical experiences from applying this framework in the four case studies indicate alternative pathways for transforming the food system toward a sustainable and socially equitable trajectory through the establishment of a LL4P.
    Keywords: food systems; sustainability; innovation; governance; social inclusion; inclusion; CHINA; EAST ASIA; COLOMBIA; LATIN AMERICA; SOUTH AMERICA; KENYA; EAST AFRICA; AFRICA SOUTH OF SAHARA; AFRICA; VIET NAM; VIETNAM; SOUTH EAST ASIA; ASIA
    Date: 2023
    URL: http://d.repec.org/n?u=RePEc:fpr:ifprid:2227&r=sea
  31. By: Syaiful Hifni ("Faculty of Economic and Business, University of Lambung Mangkurat, Banjarmasin, Indonesia" Author-2-Name: Rano Wijaya Author-2-Workplace-Name: "Faculty of Economic and Business, University of Lambung Mangkurat, Banjarmasin, Indonesia" Author-3-Name: Atma Hayat Author-3-Workplace-Name: "Faculty of Economic and Business, University of Lambung Mangkurat, Banjarmasin, Indonesia" Author-4-Name: Zakhyadi Ariffin Author-4-Workplace-Name: "Faculty of Economic and Business, University of Lambung Mangkurat, Banjarmasin, Indonesia" Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: "Objective - This research aims to examine the role of the five reporting bottom lines in explaining the implementation communication of integrated reporting towards sustainable development management accountability. Methodology/Technique - We conducted research as a mixed method, through a survey using a questionnaire for 155 respondents as stakeholders in the context of sustainable development management accountability. This research occupied path analysis tools and informational analysis for the data obtained through semi-structured interviews. Findings - The results showed that the first structural equation, which includes the triple bottom line, governance bottom line, and empowerment bottom line, is related to implementation integrated reporting . Then, the second structural relationship showed the implementation of , triple bottom line, governance bottom line, and empowerment bottom line, has a connection towards sustainable development management accountability within the achievement of SDGs within the four pillars of the 17 goals of the SDGs. Novelty - This research provides insight by evidence that the five reporting bottom lines theory with a voluntary initiative using the 5 STAR reporting index can also be applied within regional government organizations. This research is helpful for the regional government to meet the contemporary reporting systems and to strengthen the accountability of regional action plans of regional governments as part of a commitment to achieve sustainable development nationally and globally. Type of Paper - Empirical"
    Keywords: five reporting bottom lines, implementation communication, integrated reporting, sustainable development management accountability
    JEL: M40 M49
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr228&r=sea
  32. Bride price customs are widespread in many developing countries. While the economic literature has widely investigated the implications of such transfers on women’s welfare, little is known about their consequences on men’s premarital behavior. In this paper, we exploit a quasi-natural experiment of a school-building program in Indonesia (INPRES) to investigate the relationship between marriage norms and the internal migrations of young men in age to marry. Based on empirical and theoretical settings of the literature, we rely on the effects of the INPRES program on girls’ education and the parents’ expectations on their daughters’ bride price. Combining anthropological, administrative, and individual based datasets, we implement a triple-difference approach. We find that men with bride price customs were more likely to migrate to areas more economically attractive than their district of origin. In contrast, no evidence exists of such behavior for men from ethnic groups without marriage payments. Wei nterpret these results as evidence for the fact that men migrate to accumulate resources at destination to meet the parents’ bride price expectations and marry at home. We also highlight that these migration strategies are implemented by the less advantaged males in their origin marriage market (latter-borns or from lower social class).These findings suggest that the interaction between marital norms and policies can result in unintended consequences, such as increasing premarital migration.
    By: Hugues Champeaux (University of Cagliari, University of Namur); Elsa Gautrain (University of Fribourg); Karine Marazyan (University of Rouen)
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:nam:defipp:2402&r=sea
  33. By: Hanim Kamaruddin (Faculty of Law, Universiti Kebangsaan Malaysia Author-2-Name: Muhammad Nazrin Harith Bin Mohd Mahyudin Author-2-Workplace-Name: Faculty of Law, Universiti Kebangsaan Malaysia Author-3-Name: Muhamad Sayuti Hassan Author-3-Workplace-Name: Faculty of Law, Universiti Kebangsaan Malaysia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - As we approach the halfway point since the adoption of the 2030 Sustainable Agenda and the 17 Sustainable Development Goals (SDG), our progress in achieving the objectives remains unsatisfactory. One of which pertains to the sixth SDG that envisions access to clean water, sanitation, and hygiene as the most fundamental requirement for human health and well-being Methodology - Per the 2022 SDG report, the global water stress level stayed at an acceptable 18.6% in 2019, but regional disparities exist. Unless progress quadruples, billions will lack access to potable drinking water and sanitation by 2030 due to rapid population increase, urbanization, and rising water demands from the agricultural and industrial sectors. As the effective management of wastewater plays a crucial role in ensuring sustained access to clean water, Malaysia has implemented a series of national policies, legislations, and institutional arrangements to achieve an integrated wastewater legislative and governance framework. Findings - It is critical that good practices for regulating wastewater treatment and management are analysed to address the gaps that exist that may hamper the promotion of effective and responsible wastewater management for sustainable water resources. This research is a review of Malaysia's existing wastewater governance and legislative framework. Novelty - It is found that Malaysia's history with wastewater has seen much development to its current status, which enables increased coverage of access to clean water and basic sanitation. Nevertheless, existing problems in the wastewater industry prevent further expansion into niche areas such as wastewater reclamation. Type of Paper - Review"
    Keywords: wastewater; legislative; sustainability; Malaysia; water security; wastewater management; wastewater reclamation.
    JEL: H1 Q25
    Date: 2023–12–31
    URL: http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber239&r=sea
  34. By: Juthathip Jongwanich; Archanun Kohpaiboon (Faculty of Economics, Thammasat University)
    Abstract: This paper aims to examine the impacts of digital technology (DT) adoption, with an emphasis on the role of ICT, on SMEs’ financial performance using Thailand as a case study during 2018-2021. The importance of DT depth and personnels graduated in a field of ICT was also investigated in this study. Our results show that types of ICT adoption, size of firms and sectors mattered in analyzing impacts of DT on firms’ financial performance. SMEs received significant benefits when ICT adoption was considered in terms of purchasing goods and services via the Internet; sales online (e-Commerce) as well as online payments. Due to the nature of industry, the service sector tended to gain more benefits from operating through online activities than the manufacturing sector. In terms of software usage, it generated benefits mostly for the medium and large firms, but less crucial for the small ones. Interestingly, access to the internet, with other purposes than the e-commerce, showed limited impacts in influencing firms’ financial performance, even in the large firms. Regarding the technology depth, in general, the results revealed that it generates more positive impacts on income than profits, reflecting high costs of obtaining advanced technology or diversifying DT usage. Limited impacts of ICT personnels graduated and its depth on SMEs’ performance generated concerns on shortages of basic and advanced ICT skills and costs of hiring ICT staffs for SMEs.
    Keywords: Digital Technologies, SMEs, and Developing Countries
    JEL: O30 O11 O53
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:tha:wpaper:20240104&r=sea
  35. By: OGAWA Eiji; LUO Pengfei
    Abstract: The international finance trilemma represents the trade-off among exchange rate stability, monetary policy autonomy and free capital flows, resulting in varied reactions to global risk factors among Asian economies. This study explores how various monetary policy objectives shape the diverse responses of Asian interest rates and exchange rates to global risk factors. Using the Structural Vector Autoregressive Model with Exogenous Variables (SVARX), we analyze the impulse responses of short-term interest rates and exchange rates to global risk factors, including the US monetary policy changes, global economic policy and financial risks, and oil prices. The main findings are as follows: first, we found that most of the Asian monetary authorities except Japan mirror the US monetary policy changes, demonstrating that a key policy objective is to stabilize their cross-border capital flows and exchange rates. The magnitude of mirroring depends on countries’ exchange rate regimes. Furthermore, although global economic policy and financial risks trigger the depreciation of most of the Asian exchange rates, their influence on Asian short-term interest rates is relatively smaller, showing the limited influence of global risk appetite on monetary policy objectives. Last, we found the opposite responses of Asian interest rates and exchange rates to oil prices, showing the diverse economic effects of oil prices on oil export and import countries.
    Date: 2024–01
    URL: http://d.repec.org/n?u=RePEc:eti:dpaper:24006&r=sea
  36. By: Bulutoding, Lince
    Abstract: Buku ini membahas mengenai pemahaman terkait konsep pajak menurut islam dan sistem perpajakan yang adadi Indonesia. Diharapkan dengan hadirnya buku ini dapatmembantu mereka yang berminat dan berkepentingandengan konsep perpajakan menurut islam vs umum, mulaidari mahasiswa, dosen maupun praktisi bisnis.
    Date: 2022–12–30
    URL: http://d.repec.org/n?u=RePEc:osf:osfxxx:jeha4&r=sea
  37. By: Yoshiko Zoet-Suzuki (LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], Keio Business School, Keio University [Tokyo]); Elvin Zoet (Keio Business School, Keio University [Tokyo])
    Abstract: Global change initiatives can create complex dynamics and issues between HQ and regional offices. We highlight five preventable issues that we regularly observe in global change projects. These five issues are: 1. Assuming and imposing assumptions of at-will employment markets in countries with different labor dynamics, 2. Not developing real global-local collaboration but instead using a top-down, "planned change" approach with little space for dialogue, 3. Underestimating or overestimating Cultural Otherness, 4. Change Fatigue, and 5. Introducing advanced models too fast, with too many assumptions and expectations, and too many oversimplifications in the (mental) models used for implementing change. We explore each of these themes and provide examples and critical points for reflection, some suggestions for avoiding these common pitfalls, and some references and resources for readers interested in further exploring any of these themes.
    Abstract: Les initiatives de changement global peuvent créer des dynamiques et des problèmes complexes entre le siège et les bureaux régionaux. Nous mettons en évidence cinq problèmes évitables que nous observons régulièrement dans les projets de changement global. Ces cinq problèmes sont les suivants 1. Supposer et imposer des hypothèses de marchés de l'emploi à volonté dans des pays où la dynamique de l'emploi est différente, 2. Ne pas développer une véritable collaboration globale-locale mais plutôt utiliser une approche descendante, "changement planifié" avec peu d'espace pour le dialogue, 3. Sous-estimer ou sur-estimer l'altérité culturelle, 4. Fatigue du changement, et 5. L'introduction trop rapide de modèles avancés, avec trop d'hypothèses et d'attentes, et trop de simplifications excessives dans les modèles (mentaux) utilisés pour mettre en œuvre le changement. Nous explorons chacun de ces thèmes et fournissons des exemples et des points critiques pour la réflexion, des suggestions pour éviter ces pièges courants, ainsi que des références et des ressources pour les lecteurs souhaitant approfondir l'un ou l'autre de ces thèmes.
    Keywords: Change leadership effectiveness, Global change initiatives, Global-local dynamics, VUCA, Change management
    Date: 2022
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04311002&r=sea

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