Survey of recent developments

Nehru, Vikram

doi:10.1080/00074918.2013.809840

Cited by 15 publications

(10 citation statements)

References 6 publications

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“…The law decrees that nationals are to be given preference over foreigners, including in access to natural resources. The trade law, also covered by Nehru (2013), is similarly wide-ranging. It authorises the relevant minister to restrict imports to protect domestic industries and 'to maintain the balance of payments' (article 54).…”

Section: Review Of the 2009-14 Presidential And Parliamentary Termmentioning

confidence: 93%

“…But such approval was not forthcoming: the parliament authorised an increase in fuel prices only if international oil prices rose by 15% above that year's budget assumption for the oil price, which they did not (Burke and Resosudarmo 2012). Fuel prices finally increased in July 2013 (by 44% in the petrol price), as part of that year's revised budget (Nehru 2013). This again required parliamentary approval on account of the accompanying compensation package.…”

Section: Energy Subsidiesmentioning

confidence: 99%

“…As Nehru (2013) explains, the industry law gives the ministry the power to promote industry by, for example, procuring products from domestic firms; controlling strategic industries; and arranging the selection, procurement, and use of industrial technology. The law decrees that nationals are to be given preference over foreigners, including in access to natural resources.…”

Section: Review Of the 2009-14 Presidential And Parliamentary Termmentioning

confidence: 99%

See 2 more Smart Citations

Survey of Recent Developments

Howes

Davies

2014

Bulletin of Indonesian Economic Studies

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Section: Review Of the 2009-14 Presidential And Parliamentary Termmentioning

confidence: 93%

Section: Energy Subsidiesmentioning

confidence: 99%

Section: Review Of the 2009-14 Presidential And Parliamentary Termmentioning

confidence: 99%

See 1 more Smart Citation

Survey of Recent Developments

Howes

Davies

2014

Bulletin of Indonesian Economic Studies

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“…Similar approaches were used in recent rounds of subsidy reform in 2005 and 2008. Indonesia's provision of targeted benefits to the poor has been generally successful, although there are some implementation issues, such as the leaking of benefits to people outside the targeted population (Nehru 2013). While some street protests are witnessed whenever fuel prices are increased in Indonesia, recent episodes have seen much less opposition than earlier attempts.…”

Section: Indonesia's 2013 Fuel Subsidy Reductionsmentioning

confidence: 99%

Green Pricing in the Asia Pacific: An Idea Whose Time Has Come?

Burke

2014

SSRN Journal

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This article discusses the potential benefits of an enhanced use of externality pricing schemes in the Asia Pacific. Prices on emissions and congestion could ameliorate the negative effects of underpriced resource use, be pro-poor and improve fiscal capacities. The main implementation challenges are political and institutional. Lessons are drawn from recent experiences in environmental taxation and the removal of fossil fuel subsidies.

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“…2% and6.8% in 2006 (WTO 2007). For examples of other non-tariff barriers and trade regulations, see the studies of Armstrong and Rahardja (2014) and Nehru (2013).…”

mentioning

confidence: 99%

Survey of Recent Developments

Damuri

Day

2015

Bulletin of Indonesian Economic Studies

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SUMMARYAmid global economic uncertainty and tumbling world oil prices, Indonesia's economy faces pressure on its external balance and a continued growth slowdown. The government of President Joko Widodo (widely known as Jokowi) has set an agenda of reform, including simpler, faster investment licensing, historic cuts to fuel subsidies to generate fiscal savings, and increased spending on infrastructure. On the political side, Jokowi has had to deal with several political issues coming not only from parties in opposition but also from parties supporting his government, including during the formation of the new cabinet. We examine the consequences so far of the government's policy initiatives and of the policymaking process. While some initiatives have been implemented with success, some seem to have been launched without enough preparation, consultation, or empirical evidence, and many have been poorly communicated. Although inflation accelerated after the November fuel-price rise, efforts have been made to contain inflationary expectations and to mitigate the effects on poverty through social-assistance programs. The government took steps to cushion the impending impacts of higher fuel prices on vulnerable households by giving cash handouts of Rp 200,000 per month to 15.5 million disadvantaged families who receive the lowest level of welfare, and by promoting publicly funded education and health care. The partial removal of gasoline subsidies and the introduction of a fixed-subsidy policy for diesel in the revised 2015 budget reduce uncertainty about the fiscal position, although increases in government spending in infrastructure development were announced at the same time. The revised budget for 2015 increases spending on infrastructure development by 63% from the 2014 budget, mostly on projects to improve connectivity on land and at sea-such as the development of toll roads, railways, and ports-and to increase the performance of the agricultural sector. However, the recent drop in international oil prices forced the government to increase its target for tax revenue by 30% on last year's target, raising concerns about the effect of falling oil prices on the economy. Trade and investment policy reform is important in unlocking Indonesia's growth potential and improving the country's current external balance. Jokowi's administration, however, has been sending mixed signals about its position towards more open policies. The country has yet to recommence several trade negotiations that were postponed in 2014 and is still struggling to meet its commitments under the ASEAN Economic Community. Although improvement in investment procedures and licensing is currently underway, Indonesia needs to adopt a more positive attitude if it is to attract more investment.

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Survey of recent developments

Cited by 15 publications

References 6 publications

Survey of Recent Developments

Survey of Recent Developments

Green Pricing in the Asia Pacific: An Idea Whose Time Has Come?

Survey of Recent Developments

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