SIKLIKALITAS KEBIJAKAN FISKAL DI INDONESIA

cyclicality of fiscal policy in Indonesia

Muhammad Nizar

MPRA Paper from University Library of Munich, Germany

Abstract: The research objectives are to examine and determine the cyclicality of fiscal policy in Indonesia, based on the response of government revenue, government spending and budget balance to the economic cycles. In addition, this research also aims to determine cyclicality of automatic stabilizers and discretionary fiscal policies. This research was conducted using quantitative approaches, namely regression model which is estimated by ordinary least square (OLS) method. Using quarterly time series data during 1970 – 2009, the results showed several conclusions : (i) the response of government revenue and income tax as an automatic stabilizer to the economic cycles tend to countercyclical; (ii) the response of government spending and discretionary variables tend to procyclical; and (iii) response of budget balance tends to acyclical.

Keywords: automatic stabilizer; budget balance; discretionary fiscal policy; economic cycles; government revenue; government spending (search for similar items in EconPapers)
JEL-codes: C01 H3 H30 H6 H61 H62 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Jurnal Keuangan dan Moneter 1.14(2011): pp. 55-82

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65607

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