2007
DOI: 10.23917/jep.v7i1.3994
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Analisis Crowding Out Effect Penerbitan Obligasinegara: Studikasus Perekonomian Indonesia Periode 1970 - 2003

Abstract: The main subject of this research are to proof what issuing government bonds give impact to crowding out effect for private investment. The research design used simultaneous equation modeling, consisting of 17 behavioral equation and 18 identity equation with 6 blocks. Behavioral equation with estimated by tsls (two stage least square). This study use secondary data from Indonesian economy since 1970 until 2003. The econometric test to result BLUE estimator. The Result is issuing government bonds don't cause c… Show more

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“…The impact is that the regional government demands a larger transfer from the central government than exploring the source http://eduvest.greenvest.co.id of its original regional revenue (PAD). This is indicated by the low contribution of local government PAD in financing regional expenditures which is no more than 20 percent (Waluyo, 2007).…”
Section: Introductionmentioning
confidence: 99%
“…The impact is that the regional government demands a larger transfer from the central government than exploring the source http://eduvest.greenvest.co.id of its original regional revenue (PAD). This is indicated by the low contribution of local government PAD in financing regional expenditures which is no more than 20 percent (Waluyo, 2007).…”
Section: Introductionmentioning
confidence: 99%