Analisis Dampak Utang Luar Negeri Terhadap Kinerja Fiskal Pemerintah

  • Bahrul Rusydi Jurusan Ilmu Ekonomi
    (ID)

Abstract

Penelitian ini mencoba untuk menganalisis pengaruh utang luar negeri terhadap kinerja fiskal pemerintah. Variabel kinerja fiskal yang digunakan adalah pengeluaran pemerintah pusat, pengeluaran investasi, dan penerimaan pajak. Data yang digunakan berupa data runtut waktu dari tahun 1971-2010. Penelitian ini dijalankan dengan metode Vector Autoregression (VAR) dan kemudian dilakukan restriksi menggunakan SUR. Berdasarkan hasil analisis diperoleh hasil bahwa utang luar negeri meningkatkan pengeluaran pemerintah pusat. Selain itu, utang luar negeri juga mampu meningkatkan pengeluaran investasi dan penerimaan pemerintah pusat.

Downloads

Download data is not yet available.

References

Adofu, I., dan M.Abula, 2010, ‘Domestic Debt and the Nigerian Economy’, Journal of Economic Theory, Vol.2(1).

Agung, I Gusti Ngurah, 2009, Time Series Data Analysis Using EViews, Jon Wiley and Sons, Singapura.

Alvi, Eskander, dan Senbetta Aberra, 2012, ‘Foreign Aid: Good for Investment, Bad for Productivity’, Oxford Development Studies, Vol.40.

Bank Indonesia, Statistik Ekonomi dan Keuangan Indonesia, Berbagai edisi penerbitan, Jakarta.

Barro, Robert J.,1979, ‘On the Determination of the Public Debt', The Journal of Political Economy, 87(5): 940-971.

Bhavan, T., Changsheng Xu, dan Chunping Zhong, 2011, ‘Growth Effect of Foreign Aid and Volatility in South Asia’, International Journal of Development Issues, Vol. 10 Iss.3

Brautigam, Deborah A., dan Stephen Knack, 2004, ‘Foreign Aid, Institutions, and Governance in Sub-Saharan Africa’, Economic Development and Cultural Change, Vol.13.

Burnside, Craig, dan David Dollar, 2000, ‘Aid, Policies, and Growth’, The American Economic Review, Vol.90(4).

Chenery, Hollis B., dan Michael Bruno (1962) ‘Development Alternatives in an Open Economy: The Case of Israel’, Economic Journal, Vol.72.

Enders, Walter, 2004, Applied Econometrics Time Series, 2ndedition, J. Wiley, New Jersey.

Engle, Robert F. dan Clive W.J. Granger, 1987, ‘Co-integration and Error Correction: Representation, Estimation, and Testing’, Econometrica, Vol.55.

Fagernas, Sonja dan John Roberts, 2004, ‘The Fiscal Effects of Aid in Zambia’, ESAU Working Paper.

Gujarati, Damodar N., 2003, Basic Econometrics, 4th edition, McGraw-Hill, New York.

Gredenhoff, Mikael dan Sune Karlsson, 1999, ‘Lag-length Selection in VAR-models Using Equal and Unequal Lag-Length Procedures’, Computatuional Statistics, Vol.14.

Hatemi, Abdulnasser, Manuchehr Irandoust, 2005, ’Foreign Aid And Economic Growth: New Evidence From Panel Cointegration’, Journal of Economic Development, Vol.3(1).

Heller, Peter, 1975, ‘A Model of Public Fiscal Behavior in Developing Countries: Aid, Investment, and Taxation’, American Economic Review. Vol.65(3).

Kementrian Keuangan Republik Indonesia, 2012, Data Pokok dan RAPBN 2012, Jakarta.

Kementrian Keuangan Republik Indonesia, 2012, Statistik Utang Luar Negeri Indonesia, Jakarta.

Labonte, Marc, 2011, ‘Reducing the Budget Deficit: Policy Issues’, Congressional Research Service.

Liew, Venus Khim-Sen, 2004, ‘Which Lag Length Selection Criteria Should We Employ?’, Economics Bulletin, Vol.3.

Mankiw, N. Gregory, 2009, Intermediate Macroeconomics, 7th edition, Worth, New York.

Morissey, Oliver, 2012, ‘Aid and Government Fiscal Behaviour: What Does the Evidence Say?’, WIDER Working Paper, Vol.1/2012.

Osei, Robert, Oliver Morrissey, dan Tim Lloyd, 2005, ‘The Fiscal Effects of Aid in Ghana’, UNU-WIDER Research Paper, No. 2005/61.

Papanek, Gustav F., ‘Aid, Foreign Private Investment, Savings, and Growth in Less Developed. Countries’, Journal of Political Economy, Vol.81(339).

Quazi, Rahim M., 2005, ‘Effects of Foreign Aid on GDP Growh and Fiscal Behavior: An Econometric Case Study of Bangladesh’, The Journal of Developing Areas, Vol.38(2).

Rizki, Awalil dan Nasyith Majidi, 2008, ‘Utang Pemerintah Mencekik Rakyat’, E- Publishing Company, Jakarta.

Sheikh, Muh. Ramzan, Muh. Zahir Faridi, Khadija Tariq, 2010, ‘Domestic Debt and Economic Growth in Pakistan: An Empirical Analysis’, Pakistan Journal of Social Science, Vol.30 No.2.

Sugema, Iman dan Anis Chowdhury, 2007, ‘Has Aid Made the Government of Indonesia Lazy?’, Asia-Pacific Development Journal, Vol.14(1).

Weiskopf, Thomas E., ‘The Impact of Foreign Capital Inflow on Domestic Savings in Underdeveloped Countries’, Journal of International Economic, Vol.2.

Widarjono, Agus, 2009, Ekonometrika Pengantar dan Aplikasinya, Yogyakarta: Ekonisia.

Published
2014-08-18
How to Cite
Rusydi, B. (2014). Analisis Dampak Utang Luar Negeri Terhadap Kinerja Fiskal Pemerintah. EcceS: Economics Social and Development Studies, 1(1). https://doi.org/10.24252/ecc.v1i1.1185
Section
Volume 7 Nomor 1, Juni 2014
Abstract viewed = 1039 times