Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments
This paper analyses technical efficiency and return to scale in the Indonesia economy during the year of 1967 to 2013. These range of years covering two eras of Indonesian government; the New Order era that lasted between the year of 1966 to 1998 and the Reformation era during the year 1998 to 2014....
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2016
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| Online Access: | https://journals.ums.ac.id/index.php/JEP/article/view/2430 |
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| author | Muchdie, Muchdie |
| author_facet | Muchdie, Muchdie |
| author_sort | Muchdie, Muchdie |
| collection | OJS |
| description | This paper analyses technical efficiency and return to scale in the Indonesia economy during the year of 1967 to 2013. These range of years covering two eras of Indonesian government; the New Order era that lasted between the year of 1966 to 1998 and the Reformation era during the year 1998 to 2014. The analysis was also based on the Indonesia economy’s business cycle those categorised as Oil Booming Phase (1967-1981), Recession Phase (1982-1986), Deregulation Phase (1987-1996), Multidimension Crisis Phase (1997-2001) and Economic Recovery Phase (2002-1013). Using data on Gross Domestic Product based on constant price of the year 2000, capital stock with the same based year and employment (1967-2013), Cobb-Douglas production functions were exercised to calculate technical efficiency and return to scale employing regression analysis tehniques. The results show that technical effiency during the New Order Goverment were better than those during Reformation Goverment. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-2430 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2016 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-2430 Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments Muchdie, Muchdie technical efficiency, return to scale, New Order era, Reformation era. B41, D24, E23 This paper analyses technical efficiency and return to scale in the Indonesia economy during the year of 1967 to 2013. These range of years covering two eras of Indonesian government; the New Order era that lasted between the year of 1966 to 1998 and the Reformation era during the year 1998 to 2014. The analysis was also based on the Indonesia economy’s business cycle those categorised as Oil Booming Phase (1967-1981), Recession Phase (1982-1986), Deregulation Phase (1987-1996), Multidimension Crisis Phase (1997-2001) and Economic Recovery Phase (2002-1013). Using data on Gross Domestic Product based on constant price of the year 2000, capital stock with the same based year and employment (1967-2013), Cobb-Douglas production functions were exercised to calculate technical efficiency and return to scale employing regression analysis tehniques. The results show that technical effiency during the New Order Goverment were better than those during Reformation Goverment. Muhammadiyah University Press 2016-12-29 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/JEP/article/view/2430 10.23917/jep.v17i2.2430 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan; Vol 17, No 2 (2016): JEP December 2016; 136-142 2460-9331 1411-6081 eng https://journals.ums.ac.id/index.php/JEP/article/view/2430/2145 Copyright (c) 2016 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | technical efficiency, return to scale, New Order era, Reformation era. B41, D24, E23 Muchdie, Muchdie Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments |
| title | Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments |
| title_full | Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments |
| title_fullStr | Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments |
| title_full_unstemmed | Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments |
| title_short | Technical Efficiency and Return to Scale in The Indonesia Economy During The New Order and The Reformation Governments |
| title_sort | technical efficiency and return to scale in the indonesia economy during the new order and the reformation governments |
| topic | technical efficiency, return to scale, New Order era, Reformation era. B41, D24, E23 |
| topic_facet | technical efficiency, return to scale, New Order era, Reformation era. B41, D24, E23 |
| url | https://journals.ums.ac.id/index.php/JEP/article/view/2430 |
| work_keys_str_mv | AT muchdiemuchdie technicalefficiencyandreturntoscaleintheindonesiaeconomyduringtheneworderandthereformationgovernments |