DAMPAK UTANG LUAR NEGERI TERHADAP PEREKONOMIAN INDONESIA

Indra Darmawan(1*),

(1) Universitas Sanata Dharma
(*) Corresponding Author

Abstract


This study aims to describe: 1) how is the development of Indonesia’s foreign debt; 2) what are the impacts of foreign debt on the Indonesian economy; and 3) what are the policy alternatives that can be taken to minimize the negative impact of foreign debt on the Indonesian economy. This type of research is descriptive qualitative research. Data collection techniques used are observation and literature/documentation studies. Literature study is a data collection technique by conducting a review study of books, literature, notes, and reports that have to do with the problem being solved. The data in this study were obtained from various publications of government institutions such as Bank Indonesia, the Central Statistics Agency, and the Ministry of Finance of the Republic of Indonesia. The results of the study show that: 1) External debt is able to encourage Indonesia’s economic growth in economic sectors that absorb high external debt. 2) Domestic saving shows an increasing role. 3) The swap scheme can be considered as a solution to the high external debt.
Keywords: foreign debt, impact, debt to serve ratio, public saving, Indonesian economy


Full Text:

PDF

References


Amoateng K. dan Amoako AB. 1996. Economic Growth, Export And External debt Causality: The Case of African Acountries, Applied Economics, Cilt 28, 21-27

Arief, Sritua dan Adi Sasono. 1984. Ketergantungan dan Keterbelakangan. Jakarta: LSP.

Arnone M, Bandiera L dan Presbito AF. 2005. External debt Sustainaibility: Theory and Empirical Evidence, Econ WPA.

Bank Indonesia dan Departemen Keuangan Republik Indonesia. 2015. Statistik Utang Luar Negeri Indonesia. Edisi Desember

Bank Indonesia dan Departemen Keuangan Republik Indonesia. 2022. Statistik Utang Luar Negeri Indonesia. Edisi Agustus

Bank Indonesia. 2014. Laporan Perekonomian Indonesia.

Bank Indonesia. 2020. Laporan Perekonomian Indonesia.

Barro R. 1990. Government Spending in a Simple Model of Endogenous Growth, Journal of Political Economy,Vol. 98(5), 103-26

Barro, J. Robert. 1974. “Are Government Bond Net Wealth?”. Journal of Political Economy. Vol. 82 (6).

Barro, J. Robert. 1989. “The Ricardian Approach to Budget Deficits”. Journal of Economic Perpectives. Vol. 3.

Barsky, Robert B., Mankiw, N. Gregory, and Stephen P., Zeldes. 1986. “Ricardian Consumers with Keynesian Propensities.” American Economic Review. Vol.76 (4).

Bauerfreund O. 1989. External debt And Economic Gowth: A Computable General Equilibrium Case Study of Turkey 1985-1986. Durham: Duke University.

Bernheim, B. Douglas. 1989. “A Neoclassical Perspective on Budget Deficits”. The Journal of Economic Perspectives. Vol. 3 No. 2.

Budiman, Arief. 1995. Teori Pembangunan Dunia Ketiga. Jakarta: PT Gramedia.

Chenery, Hollis B. dan Nicholas G. Charter. 1973. “Foreign Assistance and Development Perfomance, 1960-1970”. American Economic Review. Volume 63 No 2, Mei 1973 halaman 459-468.

Clements, B., R. Bhattacharya and T. Q. Nguyen (2003), External debt, public investment, and growth in low-income countries, IMF Working paper 03/249.

Cunningham RT. 1993.The Effects of debt Burden on Economic Growth in Heavily Indebted Nation,Journal of Economic Development.

Darmawan, Indra. 1999. “Dampak Penghentian Bantuan IMF”. Harian Bernas. Dimuat tanggal 30 September 1999.

Darmawan, Indra. 1999. “Penghentian Pinjaman dari IMF”. Harian Suara Karya. Dimuat tanggal 30 September 1999.

Darmawan, Indra. 2000. “Sidang CGI, 1-2 Februari 2000: Antara Hutang dan Utang”. Harian Surya. Dimuat tanggal 3 Februari 2000.

Darmawan, Indra. 2016. “Defisit APBN dan Utang Luar Negeri”. Harian Kedaulatan Rakyat. Dimuat tanggal 11 Maret 2016 halaman 12.

Dowling, J. Malcolm Jr. dan U. Hiemenz. 1983. “Aid, Saving, and Growth in the Asian Region”. Developing Economies. Vol 21, No 1, Maret.

Eisner, Robert. 1989. “Budget Deficit: Rhetoric and Reality”. The Journal of Economic Perspectives. Vol. 3 No. 2.

Evans, Paul. 1988. “Are Consumers Ricardian? Evidence for The United States”. Journal of Political Economy. Vol. 96(5), pp.983-1004.

International Monetary Fund. 2003. IMF’s External Debt Statistics: Guide for compilers and Users.

Kneller R, Bleaney, M.F, Gemmel. 1999.Fiscal Policy and Growth: evidence from OECD countries, Journal of Public Economics, 74: 171-190.

Krugman P. 1988, Financing, Economic Journal, Vol 74, No.296, Blackwell Publishing.

Kuncoro, Mudrajat. 2006. Ekonomika Pembangunan: Teori, Masalah, dan Kebijakan. Edisi keempat. Yogyakarta: UPP STIM YKPN.

Papanek, Gustav F. 1972. “The Effect of Aid and Other Resource Transfers on Saving and Growth in Less Developed Countries”. Economic Journal. Vol. 82, No. 327, September.

Pasaribu, Syamsul H. 2003. “Analisis Kesenjangan Tabungan-Investasi Berdasarkan Residual Model: Studi Kasus ASEAN-4”. Jurnal Ekonomi dan Bisnis Indonesia. Vol. 18.

Pattillo C, Poirson H, Ricci L. 2002.External Debt And Growth, IMF Working Paper.

Pattillo C, Poirson H, Ricci L. 2004.What Are The Channels Through Which External Debt Affects Growth, IMF Working Paper

Rachbini, Didik J. 1995. Risiko Pembangunan Yang Dibimbing Utang. Jakarta: PT Grasindo.

Sachs, JD. 1989, The Debt Overhang of Developing Countries;, In Debt Stabilization and Development, by Calvo, Guilermo, Ronald Findlay, Pnetti Kouri dan Jorge Braga De Macedo (Oxford: Basil Balckwell).

Sawada Y. 2003, Are The Heavily Indebted Countries Solvent, Journal of Development Economics Vol. 45, 325 – 337.

Stiglizt, JE, Ocampo JA, Spiegel S, Davi RF dan Nayyar D. 2006. Stability With Growth : Macroeconomics, Liberalization and Development, Oxford University Press, New York

Stoneman, Colin. 1975. “Foreign Capital and Economic Growth”. World Development. Vol.3, No. 1, Januari.

Todaro, Michael P. dan Stephen C. Smith. 2003. Pembangunan Ekonomi di Dunia Ketiga Jilid 2. Edisi kedelapan. Jakarta: Erlangga

World Bank. 1992. World Debt Tables 1992-93: External Finance for Developing Countries. Washington DC: World Bank.




DOI: https://doi.org/10.24071/jpea.v15i2.5077

Refbacks

  • There are currently no refbacks.


e-ISSN (online) 2829-6117 ISSN (cetak) 1978-8770

 

    

Kontak:

Program Studi Pendidikan Ekonomi, Fakultas Keguruan dan Ilmu Pendidikan, Universitas Sanata Dharma

Jl. Affandi, Mrican, Caturtunggal, Depok, Sleman, Yogyakarta 55281

Telp (0274) 513301 Ext. 1445 Faks. (0274) 562383

Email: jpea@usd.ac.id

Peta: https://goo.gl/maps/Fzo43axWqLFqYcwS8