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ID 42502
file
creator
Luthfi, Ahmad
Senevirathne, Chathuri
subject
Oil Price
Macroeconomics
Vector Autoregression
Sustainability
NDC
Economics
abstract
This study is aimed to investigate the impact of oil price in several measures (Linear, Volatility and Non Linear) to Indonesian macroeconomic variables, pre and post the Asian financial crisis and examine the role of fuel subsidy to cushion the harmful effects. Vector Autoregression (VAR) model was employed to analyzed the impact and it shown that the impact in macroeconomics variables in post crisis was worse than pre crisis. Moreover, the result also revealed that fuel subsidy could be one of factors mitigating the harmful effects in pre-crisis. However, the role seems did not exist in post-crisis even the government provided nine-folds fuel subsidy than pre-crisis. The policy implication of this research is that the government should reform fuel subsidy policy to be a sustainable policy which considering economy, social and also environmental effect.
description
The authors thank to Ministry of Energy and Mineral Resources Republic of Indonesia by providing doctoral scholarship and The Setsutaro Kobayashi Memorial Fund (Fuji Xerox) which afford research fund for this study.
journal title
Journal of International Development and Cooperation
volume
Volume 23
issue
Issue 1・2
start page
103
end page
118
date of issued
2017-03-01
publisher
広島大学大学院国際協力研究科
issn
1341-0903
ncid
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
rights
Copyright (c) 2017 Graduate School for International Development and Cooperation Hiroshima University. 本紀要の一部・全部を問わず、著作権者(広島大学大学院国際協力研究科)の文章による許諾なしに複写・翻訳することを禁じます。
department
Graduate School for International Development and Cooperation
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