Keywords
How to Cite
Abstract
This study is aimed to determine how the effect of the fiscal policy on the changes in credit in Indonesia in the period of 1974 until 2013 with the applying of dynamic method of error correction model that show the relationship between the fiscal policy instrument with bank credit in the long term and short term. The approach of this study is quantitative with secondary data that collected from the library visit to Indonesian banks and online search on the World Bank website. Variables used in this study are credit as dependent variable and the ratio of taxes and government spending as independent variables as well as fiscal policy instrument, besides that, this study uses control variables that are money supply and the exchange rate.
The results show , the fiscal policy in Indonesia in two instruments namely the ratio of taxes and government spending has a different result in the long term and short term. In the long term, the ratio of taxes has significant negative effect as much as 5.096 percent, while the government spending has significant positive effect as much as 0.638 percent. In the short term, the ratio of taxes does not have significant effect, while the government spending has significant positive effect as much as 0.270 percent. This conclusion is based on the calculation of the estimated results of long term and short term
References
Abdel dan Hameed M. Bashir. (2003). Determinants Of Profitability In Islamic Banks: Some Evidence From The Middle East. Islamic Economic Studies. 11: 31-57
Abimayu, Yoopi. (2004). Memahami Kurs Valuta Asing. FE-UI. Jakarta.
Anwar, Khoirul. (2014). Analisis Dampak Defisit Anggaran terhadap Ekonomi Makro di Indonesia. Jejaring Administrasi Publik. VI.(2): 588-603.
Albertazzi, Ugo dan Leonardo Gambacorta. (2006). Bank Profitability and Taxation, Economic Research Department. Journal of Banking and Finance. 34: 2801-2810.
Bank Indonesia. Statistik Ekonomi dan Keuangan Indonesia. Berbagai Terbitan (1974-2013).
Caminal.(2004).Taxation of Financial Intermediaries. ELS Opuscles del Crei. No. 15.
Ditria et., al. (2008). Pengaruh Tingkat Suku Bunga, Nilai Tukar Rupiah Dan Jumlah Ekspor Terhadap Tingkat Kredit Perbankan. Journal Of Applied Finance And Accounting.1: 166-192.
Ginting, Ramlan. (2005). Pengaturan Pemberian Kredit Bank Umum. Aspek Hukum Perbankan, Perdata, dan Pidana Terhadap Pemberian Fasilitas Kredit Dalam Praktek Perbankan di Indonesia. Direktorat Hukum Bank Indonesia.
Hakim, Arif R. (2015). Stasioneritas, Akar Unit, dan Kointegrasi Pengantar Time Series. Handout. Ilmu Ekonomi Universitas Indonesia.
Handayani, Eka Fitri. (2009). Pengaruh Kredit Bermasalah Terhadap Tingkat Profitabilitas Dan Likuiditas Pada Industri Perbankan Yang Terdaftar Di Bursa Efek Indonesia. Paper. Universitas Lampung.
Karyani, Etikah. (2014). Pajak Implisit dan Pajak Eksplisit Dalam Industri Perbankan (Studi Di Negara Asia Pasifik). Paper. Universitas Mataram.
Nopirin. (1987). Ekonomi Moneter, Edisi Keempat. Yogyakarta: BPFE.
Prasetya, Ferry. (2012). Teori Pengeluaran Pemerintah. Modul Ekonomi Publik. Universitas Brawijaya.
Prasetyia, Ferry. (2011). Rekontruksi Sistem Fiskal Nasional dalam Bingkai Konstitusi. Journal Of Indonesian Applied Economics. 5: 141-156.
Sarwoko. (2005). Dasar – Dasar Ekonometrika. Yogyakarta: CV. Andi.
Sipayung et., al . (2013). Pengaruh PDB, Nilai Tukar, Dan Jumlah Uang Beredar Terhadap Inflasi Indonesia Periode 1993-2012. E-jurnal EP Unud. 2:334-343.
Sukirno, Sadono. (2004). Makroekonomi Teori Pengantar, Edisi Ketiga. Jakarta: PT. Raja Grafindo Persada.
Sukarno et., al. (2006). Analisis Faktor-Faktor Yang Mempengaruhi Kinerja Bank Umum Di Indonesia. Studi Manajemen dan Organisasi. 3: 46-58.
Utari et., al. (2012). Pertumbuhan Kredit Optimal. Buletin Ekonomi Moneter dan Perbankan. 15:113-146.
Wira, Winata. (2011). Pengaruh PDB Sektor, Nilai Tukar, Dan Indeks Harga Produsen Terhadap Pinjaman Perbankan. JEMI. 2: 13-24.