Barro and Sala-i-Martin （2004） analyzed the empirical determinants of growth. The data used in this paper consists of panel data of several macroeconomic variables observed for 55 years 0950-2004） in six East Asian...Barro and Sala-i-Martin （2004） analyzed the empirical determinants of growth. The data used in this paper consists of panel data of several macroeconomic variables observed for 55 years 0950-2004） in six East Asian countries and regions. Following the implications of semi-endogenous growth theory, the author regressed output growth on the determinants of steady-state income. The estimation and test results suggest the existence of significant relationship between steady-state income and （trend weighted） R ＆ D input both in Japan and South Korea. In addition, following Cellini （1995）, the author also considers cointegration and error-correction methods as the growth regression of East Asian countries. Meanwhile, Chang, et al （2004） derived the conclusion that the decreases in reallocation shocks are main factor in a downward trend in natural rate of unemployment for South Korea. The author extends this analysis using structural VAR to other Asian countries and regions, Japan and Taiwan region. Impulse responses show that the growth of production in Korea and Taiwan reduce unemployment, but, in Japan, this raises unemployment.展开更多
This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Austr...This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Australian States for the period of 1970-2008. Significance of the impacts is firstly tested against three distinct institutional features of electricity reform, namely： （1） organizational restructuring （i.e., functional unbundling of traditionally vertically integrated industry）; （2） market restructuring （introduction of mandatory bid-based spot market）; and （3） privatization. The extents of the impacts are, then, quantified in terms of relative contribution of such institutional changes to aggregate output growth in short-run, medium-run and long-run. The results reveal that only functional unbundling has made significant contribution to output growth. The results, further, specify that functional unbundling has made, on average, an additional 0.06% and 2.7% contribution to output growth rate in medium-run and long-run respectively.展开更多
In Indonesian marine area about 555 species of seaweed have been identified and of these 55 species are being commercially utilized and have been successesfully cultivated. Three varieties of macro algae have been mos...In Indonesian marine area about 555 species of seaweed have been identified and of these 55 species are being commercially utilized and have been successesfully cultivated. Three varieties of macro algae have been most successfully cultivated, i.e., Eucheuma cottony, Eucheuma spinosum and Gracilaria verucosa. The global financial crisis has reduced the worldwide demand for carrageenan by 20-30%. Demand continues to be slow and there is little evidence so far that this situation will change in the short term. There are signs, however, that demand might start to pick up on the 1st quarter of next year but is not expected to meet the same level as experienced during 2008. Based on survey data, the is about 1.2 million ha which centered around 15 provinces. In potential area of Indonesian coastal water for seaweed cultivation these areas, the production of Eucheuma cottonii （Kappaphycus alvarezii （Doty）） and Eucheuma spinosum （Eucheuma denticulatum （N. L. Burman） F. S. Collins ＆ Hervey） has amounted to around 42% of the supply. These natural resources provide excellent prospects for future development of the seaweed business in Indonesia.展开更多
This study was conducted to determine the value added by Income-Generating Activities （IGAs） on the financial performance of public secondary schools, in terms of assets, liability portfolio, and net worth. Secondar...This study was conducted to determine the value added by Income-Generating Activities （IGAs） on the financial performance of public secondary schools, in terms of assets, liability portfolio, and net worth. Secondary school managers have the gigantic task of balancing meager resources between subsistence and development needs as well as good performance in national examinations. However, macro-economic shocks such as inflation, fuel shortage, and crop failure, among others, often militate against the success of public schools. School-based IGAs enable public schools to cope with external economic shocks, without necessarily passing down budgetary adjustments to parents. However, the country lacks a clear policy guideline to facilitate the initiation, management, accounting, reviewing, and financial reporting of IGA projects. Besides, there is no documented information regarding the value added by IGA initiatives to the financial performance of public secondary schools. The study found that IGA and non-IGA schools were significantly different in terms of category, student population, age, annual income, and number of paid workers. Schools having IGAs were 1.9 times more likely to own as many assets as schools not having IGAs. Besides, IGA schools were about 2.2 times less likely to have their liability in excess of the median threshold. Regarding net worth, the study found that schools having IGAs were about 2.1 times more likely to be operating above the median threshold; suggesting that schools having IGAs were wealthier than non-IGA schools. Based on the findings, this study concludes that IGA projects were beneficial to schools by improving the ability of schools to accumulate assets and manage their liabilities. The study recommends the need to： formulate an appropriate policy framework to guide and standardize IGA activities; initiate suitable training programs for school IGA managers; as well as engage business development managers to advice schools on IGA matters.展开更多
The emphasis of this study is on the practice of the Pooled Mean Group （PMG） estimators to investigate the magnitude of macroeconomic performances： Real Gross Domestic Product （RGDP）, Foreign Exchange Rate （EX）...The emphasis of this study is on the practice of the Pooled Mean Group （PMG） estimators to investigate the magnitude of macroeconomic performances： Real Gross Domestic Product （RGDP）, Foreign Exchange Rate （EX）, and Deposit Interest Rate （DINT） affecting on the rate of financial sector returns in Southeast Asian Stock Markets including Stock Exchange Of Thailand （SET） index （Thailand）, the Kuala Lumpur Composite Index （KLSE） index （Malaysia）, Financial Times Share Index （FTSI） （Singapore）, Philippine Stock Exchange （PSE）, and the Jakarta Composite Index （JKSE） （Indonesia）. The Panel Autoregressive Distributed Lag （Panel ARDL） is applied to model the relations. The study applies the Levin, Lin, and Chu （LLC） test （2002） and Im, Pesaran, and Shin （IPS） test （2003） to investigates a set of time series data to examine whether the determinants and the rate of financial sector returns contain a unit root, the next step is investigated the cointegration and causality relationship of the determinants of financial sector influencing on long-run rate of returns of financial sector in Southeast Asian Stock Markets.展开更多
Amphibians are considered as reliable indicators of environmental quality. In Europe, a general decline of amphibians population parallels a worldwide decline, and some of the factors which are thought to be responsib...Amphibians are considered as reliable indicators of environmental quality. In Europe, a general decline of amphibians population parallels a worldwide decline, and some of the factors which are thought to be responsible to this decline are habitat loss, introduction of exotic species, disease and decreasing water quality. Recent investigations suggest that these eutrophic conditions may be associated with frog reproduction problems. Water quality criteria settled for the different species of amphibians do not currently exist, but in the present paper, the authors report their observation about water phosphate concentrations in association with hipofertility in African clawed frogs （Xenopus laevis）. The study considered two different groups of African clawed frog showing hypofertility （22 patients） hosted in captivity. The animals were visited, and the filtration systems functionality and the water quality were checked, i.e., temperature, pH, ammonia, nitrite, nitrate, phosphates, hardness and alkalinity. In the first group, it was decided to perform ultrasound scans, parasitological tests on fecal samples, and microscopical/macroscopical examination, as well as microbiological analysis on collected oocytes. In the second group, only fecal samples were collected in order to perform parasitologiacal exams. No pathological findings were showed by veterinary tests. Water changes were carried out in both facilities and after two months, the fertility in African clawed frogs improved, evidencing the involvement of phosphates values in the onset of the problem and even more in its resolution. More studies are needed to further define this correlation.展开更多
This article focuses on the rise of Islamic values in media with concern to the film industry in Indonesia. In this nation, 88.22% of 254 million of the population are Muslims. However, this substantial quantity is bu...This article focuses on the rise of Islamic values in media with concern to the film industry in Indonesia. In this nation, 88.22% of 254 million of the population are Muslims. However, this substantial quantity is burden some if Muslims have a lack of appreciation to history and are intellectually weak. In addition, cultural degradation due to the rapid changes in information ＆ communication technology diminishes moral and ethics of society. The growth of film industry in the Soeharto era which curb freedom of expression and media resulted in films which were more oriented to comedy, horror, and vulgar. The aims of this study specifically are： （1） to identify the film industry （macro） in the context of challenge of Indonesian Muslim in social and culture; （2） to analyze the political interests of film production company owner （meso） in his films; （3） to conduct textual analysis （micro） of two films which include Islamic values in the dialogues. Two films, Nagabonar Jadi 2 （Nagabonar Become 2） and Alangkah Lucunya Negeri lni （How Funny This Country ls）, were selected as samples for their contents that fearlessly criticize corrupt governance and promote integrity and good deeds. The three dimensions of critical discourse which was proposed by Norman Fairlough （1992） was used to evaluate the local film industry from the perspective of macro, meso, and micro. The macro-analysis found that Indonesian films act should be modified to keep up with modernized and recent trends in media and film industry. The meso analysis showed that competition between film companies are very though, however, film quality determines the popularity of the company in public. According to the company owner＇s agenda, Deddy Mizwar determines the quality of films produced, instead of quantity, as apriority. Thus, in post-reform era, the freedom of expression which enforced by the Act No. 9 of 1998, the company start producing Islamic films. Deddy Mizwar concerns for society are not only through the media but also political. He recently elected as the deputy governor of West Java province with the full support of an Islamic Party （Partai Keadilan Sejahtera）. The textual studies have found similarities of the Islamic values in the content of the two films which are tawaqal （trust and reliance on God） and Taqwa, the pursuit of knowledge, respecting for the elderly, and belief in the Hereafter.展开更多
文摘Barro and Sala-i-Martin （2004） analyzed the empirical determinants of growth. The data used in this paper consists of panel data of several macroeconomic variables observed for 55 years 0950-2004） in six East Asian countries and regions. Following the implications of semi-endogenous growth theory, the author regressed output growth on the determinants of steady-state income. The estimation and test results suggest the existence of significant relationship between steady-state income and （trend weighted） R ＆ D input both in Japan and South Korea. In addition, following Cellini （1995）, the author also considers cointegration and error-correction methods as the growth regression of East Asian countries. Meanwhile, Chang, et al （2004） derived the conclusion that the decreases in reallocation shocks are main factor in a downward trend in natural rate of unemployment for South Korea. The author extends this analysis using structural VAR to other Asian countries and regions, Japan and Taiwan region. Impulse responses show that the growth of production in Korea and Taiwan reduce unemployment, but, in Japan, this raises unemployment.
文摘This paper examines the impacts of market-oriented electricity reform on macroeconomic variables. It develops an ad hoc econometric model for this purpose, using a panel data of 19 developed countries plus seven Australian States for the period of 1970-2008. Significance of the impacts is firstly tested against three distinct institutional features of electricity reform, namely： （1） organizational restructuring （i.e., functional unbundling of traditionally vertically integrated industry）; （2） market restructuring （introduction of mandatory bid-based spot market）; and （3） privatization. The extents of the impacts are, then, quantified in terms of relative contribution of such institutional changes to aggregate output growth in short-run, medium-run and long-run. The results reveal that only functional unbundling has made significant contribution to output growth. The results, further, specify that functional unbundling has made, on average, an additional 0.06% and 2.7% contribution to output growth rate in medium-run and long-run respectively.
文摘In Indonesian marine area about 555 species of seaweed have been identified and of these 55 species are being commercially utilized and have been successesfully cultivated. Three varieties of macro algae have been most successfully cultivated, i.e., Eucheuma cottony, Eucheuma spinosum and Gracilaria verucosa. The global financial crisis has reduced the worldwide demand for carrageenan by 20-30%. Demand continues to be slow and there is little evidence so far that this situation will change in the short term. There are signs, however, that demand might start to pick up on the 1st quarter of next year but is not expected to meet the same level as experienced during 2008. Based on survey data, the is about 1.2 million ha which centered around 15 provinces. In potential area of Indonesian coastal water for seaweed cultivation these areas, the production of Eucheuma cottonii （Kappaphycus alvarezii （Doty）） and Eucheuma spinosum （Eucheuma denticulatum （N. L. Burman） F. S. Collins ＆ Hervey） has amounted to around 42% of the supply. These natural resources provide excellent prospects for future development of the seaweed business in Indonesia.
文摘This study was conducted to determine the value added by Income-Generating Activities （IGAs） on the financial performance of public secondary schools, in terms of assets, liability portfolio, and net worth. Secondary school managers have the gigantic task of balancing meager resources between subsistence and development needs as well as good performance in national examinations. However, macro-economic shocks such as inflation, fuel shortage, and crop failure, among others, often militate against the success of public schools. School-based IGAs enable public schools to cope with external economic shocks, without necessarily passing down budgetary adjustments to parents. However, the country lacks a clear policy guideline to facilitate the initiation, management, accounting, reviewing, and financial reporting of IGA projects. Besides, there is no documented information regarding the value added by IGA initiatives to the financial performance of public secondary schools. The study found that IGA and non-IGA schools were significantly different in terms of category, student population, age, annual income, and number of paid workers. Schools having IGAs were 1.9 times more likely to own as many assets as schools not having IGAs. Besides, IGA schools were about 2.2 times less likely to have their liability in excess of the median threshold. Regarding net worth, the study found that schools having IGAs were about 2.1 times more likely to be operating above the median threshold; suggesting that schools having IGAs were wealthier than non-IGA schools. Based on the findings, this study concludes that IGA projects were beneficial to schools by improving the ability of schools to accumulate assets and manage their liabilities. The study recommends the need to： formulate an appropriate policy framework to guide and standardize IGA activities; initiate suitable training programs for school IGA managers; as well as engage business development managers to advice schools on IGA matters.
文摘The emphasis of this study is on the practice of the Pooled Mean Group （PMG） estimators to investigate the magnitude of macroeconomic performances： Real Gross Domestic Product （RGDP）, Foreign Exchange Rate （EX）, and Deposit Interest Rate （DINT） affecting on the rate of financial sector returns in Southeast Asian Stock Markets including Stock Exchange Of Thailand （SET） index （Thailand）, the Kuala Lumpur Composite Index （KLSE） index （Malaysia）, Financial Times Share Index （FTSI） （Singapore）, Philippine Stock Exchange （PSE）, and the Jakarta Composite Index （JKSE） （Indonesia）. The Panel Autoregressive Distributed Lag （Panel ARDL） is applied to model the relations. The study applies the Levin, Lin, and Chu （LLC） test （2002） and Im, Pesaran, and Shin （IPS） test （2003） to investigates a set of time series data to examine whether the determinants and the rate of financial sector returns contain a unit root, the next step is investigated the cointegration and causality relationship of the determinants of financial sector influencing on long-run rate of returns of financial sector in Southeast Asian Stock Markets.
文摘Amphibians are considered as reliable indicators of environmental quality. In Europe, a general decline of amphibians population parallels a worldwide decline, and some of the factors which are thought to be responsible to this decline are habitat loss, introduction of exotic species, disease and decreasing water quality. Recent investigations suggest that these eutrophic conditions may be associated with frog reproduction problems. Water quality criteria settled for the different species of amphibians do not currently exist, but in the present paper, the authors report their observation about water phosphate concentrations in association with hipofertility in African clawed frogs （Xenopus laevis）. The study considered two different groups of African clawed frog showing hypofertility （22 patients） hosted in captivity. The animals were visited, and the filtration systems functionality and the water quality were checked, i.e., temperature, pH, ammonia, nitrite, nitrate, phosphates, hardness and alkalinity. In the first group, it was decided to perform ultrasound scans, parasitological tests on fecal samples, and microscopical/macroscopical examination, as well as microbiological analysis on collected oocytes. In the second group, only fecal samples were collected in order to perform parasitologiacal exams. No pathological findings were showed by veterinary tests. Water changes were carried out in both facilities and after two months, the fertility in African clawed frogs improved, evidencing the involvement of phosphates values in the onset of the problem and even more in its resolution. More studies are needed to further define this correlation.
文摘This article focuses on the rise of Islamic values in media with concern to the film industry in Indonesia. In this nation, 88.22% of 254 million of the population are Muslims. However, this substantial quantity is burden some if Muslims have a lack of appreciation to history and are intellectually weak. In addition, cultural degradation due to the rapid changes in information ＆ communication technology diminishes moral and ethics of society. The growth of film industry in the Soeharto era which curb freedom of expression and media resulted in films which were more oriented to comedy, horror, and vulgar. The aims of this study specifically are： （1） to identify the film industry （macro） in the context of challenge of Indonesian Muslim in social and culture; （2） to analyze the political interests of film production company owner （meso） in his films; （3） to conduct textual analysis （micro） of two films which include Islamic values in the dialogues. Two films, Nagabonar Jadi 2 （Nagabonar Become 2） and Alangkah Lucunya Negeri lni （How Funny This Country ls）, were selected as samples for their contents that fearlessly criticize corrupt governance and promote integrity and good deeds. The three dimensions of critical discourse which was proposed by Norman Fairlough （1992） was used to evaluate the local film industry from the perspective of macro, meso, and micro. The macro-analysis found that Indonesian films act should be modified to keep up with modernized and recent trends in media and film industry. The meso analysis showed that competition between film companies are very though, however, film quality determines the popularity of the company in public. According to the company owner＇s agenda, Deddy Mizwar determines the quality of films produced, instead of quantity, as apriority. Thus, in post-reform era, the freedom of expression which enforced by the Act No. 9 of 1998, the company start producing Islamic films. Deddy Mizwar concerns for society are not only through the media but also political. He recently elected as the deputy governor of West Java province with the full support of an Islamic Party （Partai Keadilan Sejahtera）. The textual studies have found similarities of the Islamic values in the content of the two films which are tawaqal （trust and reliance on God） and Taqwa, the pursuit of knowledge, respecting for the elderly, and belief in the Hereafter.
