Macroeconomic coordination: as an approach for poverty reduction

• Autorzy: Amaliah Ima , Aspiranti Tasya , Nurhayati Nunung , Mafruhat Ade Yunita , Numan A. Harits , Shaharuddin Amir

Identyfikatory

DOI

10.17512/pjms.2021.23.2.03

Warianty tytułu

PL

Koordynacja makroekonomiczna: jako podejście do redukcji ubóstwa

• Języki publikacji: EN

Abstrakty

EN

This study aims to analyze macroeconomic policies simultaneously to minimize the tradeoff impact of economic growth and inflation to reduce poverty. The analysis used is theoretical and simultaneously tests the model in Indonesia using annual data for the period 1990-2020 to show that poverty reduction is correlated with the coordination of monetary and fiscal policies. This study finds that poverty is simultaneously affected by economic growth, money supply and inflation, while Foreign Direct Investment has no statistically significant effect on poverty. Therefore, policymakers should implement a macro-fundamental policy mix that focuses on price stability, followed by policy adjustments for all sectors to support the targets set by the Central Bank.

PL

Niniejsze badanie ma na celu jednoczesną analizę polityk makroekonomicznych w celu zminimalizowania kompromisowego wpływu wzrostu gospodarczego i inflacji na zmniejszenie ubóstwa. Wykorzystana analiza ma charakter teoretyczny i jednocześnie testuje model w Indonezji z wykorzystaniem danych rocznych za okres 1990-2020, aby pokazać, że redukcja ubóstwa jest skorelowana z koordynacją polityki monetarnej i fiskalnej. Badanie to stwierdza, że na ubóstwo wpływa jednocześnie wzrost gospodarczy, podaż pieniądza i inflacja, podczas gdy bezpośrednie inwestycje zagraniczne nie mają statystycznie istotnego wpływu na ubóstwo. Dlatego decydenci powinni wdrożyć makrofundamentalną kombinację polityki, która koncentruje się na stabilności cen, a następnie dostosowaniu polityki dla wszystkich sektorów, aby wspierać cele wyznaczone przez Bank Centralny.

Słowa kluczowe

EN

poverty; macroeconomic policies; economic growth

PL

ubóstwo; polityka makroekonomiczna; wzrost gospodarczy

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2021
• Tom: Vol. 23, No. 2
• Strony: 42--56
• Opis fizyczny: Bibliogr. 30 poz., tab.

Twórcy

autor

Amaliah Ima

• Indonesia, Bandung Islamic University, Faculty of Economic and Business

autor

Aspiranti Tasya

• Indonesia, Bandung Islamic University, Faculty of Economic and Business

autor

Nurhayati Nunung

• Indonesia, Bandung Islamic University, Faculty of Economic and Business

autor

Mafruhat Ade Yunita

• Indonesia, Bandung Islamic University, Faculty of Economic and Business

autor

Numan A. Harits

• Indonesia, Bandung Islamic University, Faculty of Engineering

autor

Shaharuddin Amir

• Malaysia, Universiti Sains Islam Malaysia, Faculty of Economics and Muamalat

Bibliografia

• 1.Abu, N., Gamal, A. A. M., (2020). An Empirical Investigation of the Twin Deficits Hypothesis in Nigeria: Evidence from Cointegration Techniques. Contemporary Economics, 14(3), 285-306.
• 2.Ahmad, D., Afzal, M. and Ghani, U., (2016). Impact of monetary policy on economic growth empirical evidence of Pakistan. International Journal of Applied, 4(6), 2345-5721
• 3.Bianchi, F., Ilut, C., (2017). Monetary / Fiscal policy mix and agents' beliefs. Review of Economic Dynamics, 26, 113-139.
• 4.Boujelbene, T., (2021). Nonlinearity Relationship of Inflation and Economic Growth: Role of Institutions Quality. Romanian Journal of Economic Forecasting, 24(1), 166.
• 5.Coibion, O., Gorodnichenko, Y., Kueng, L. and Silvia, J., (2017). Innocent Bystanders? Monetary policy and inequality. Journal of Monetary Economics, 88, 70-89.
• 6.Djuraskovic, J., Radonjic, M., Radovic, M., Djurovic, A. and Jovovic, M., (2019). The key macroeconomic determinants of gdp growth: the case of the dollarized economy in montenegro. Transformations in Business & Economics, 18(3).
• 7.Dou, Z., Wang, J., Zhang, C. and Luo, W., (2021). The nonlinear time-varying effects of quantitative and price-based monetary policy instruments on banking systemic risks. Transformations in Business & Economics, 20(1).
• 8.Fosu, A. K., (2010). Inequality, income, and poverty: Comparative global evidence. Social Science Quarterly, 91 (5), 1432-1446.
• 9.GhafoorAwan, A., Rasheed, R., (2021). Relationship Between Foreign Direct Investment and Pakistan's Economic Growth.
• 10.Huang, W., Mollick, A. V. and Nguyen, K. H., (2016). US stock markets and the role of real interest rates. Quarterly Review of Economics and Finance, 59, 231-242.
• 11.Hussain, H., I., Kot, S., Kamarudin, F. and Mun, W., C., (2020). The Nexus of Competition Freedom and the Efficiency of Microfinance Institutions. Journal of Competitiveness, 12(2), 67-89.
• 12.Ibrahim, C., (2021). Primary Fiscal Performance, Economic Growth, and Public Debt in Lebanon. Contemporary Economics, 15(2).
• 13.Kaplan, F., Gungor, S., (2017). The relationship between money supply, interest rate and inflation rate: an Endogeneity-Exogeneity Approach. European Scientific Journal, 13(1), 30-38
• 14.Khan, N. U., Ullah, M. A., (2015). Issues Relating to Investment in Pakistan and its Effects on Economic Growth. Journal of Commerce (22206043), 7(3).
• 15.Khosravi, A., Karimi, M. S., (2010). To investigate the relationship between monetary, fiscal policy and economic growth in Iran: Autoregressive distributed lag approach to cointegration. American Journal of Applied Sciences, 7(3), 415-419.
• 16.Koti, S., Bixho, T., (2016). Theories of money supply: The relationship of money supply in a period of time T-1 and Inflation in Period T-empirical evidence from Albania. European Journal of Multidisciplinary Studies, 1(1), 294-302.
• 17.Lee, J. W., Brahmasrene, T., (2020). Exchange Rate Movements and Structural Break on China FDI Inflows. Contemporary Economics, 14(2), 112-127.
• 18.Lin, W. T., Shao, B. B. M., (2000). The relationship between user participation and system success: A simultaneous contingency approach. Information and Management, 37 (6), 283-295.
• 19.Loayza, N. V., Raddatz, C., (2010). The composition of growth matters for poverty alleviation. Journal of Development Economics, 93(1), 137-151.
• 20.Lydeka, Z., Karaliute, A., (2021). Assessment of the Effect of Technological Innovations on Unemployment in the European Union Countries. Engineering Economics, 32(2), 130-139.
• 21.Maček, A., Ovin, R., Divjak, M., Skoko, H. and Horvat, T., (2020). Foreign direct investments' openness in local communities - the case of Slovenia and Serbia. Economic Research-Ekonomska Istraživanja, 1-20.
• 22.Munir, K., (2020). Effectiveness of Monetary Policy on Money and Credit in Pakistan. Contemporary Economics, 14(2), 162-182.
• 23.Nyasha, S., Odhiambo, N. M., (2017). Banks, Stock Market Development and Economic Growth in Kenya: An Empirical Investigation. Journal of African Business, 18(1), 1-23.
• 24.Paek, S., Xiao, Q., Lee, S. and Song, H., (2013). Does managerial ownership affect different corporate social responsibility dimensions? An empirical examination of US publicly traded hospitality firms. International Journal of Hospitality Management, 34 (1), 423-433.
• 25.Simionescu, M., Popescu, J. and Caraba-Meita, N. L., (2019). The impact of some economic and monetary variables on the real gdp in cee-5 countries. Transformations in Business & Economics, 18.
• 26.Skvarciany, V., Lapinskaitė, I. and Volskytė, G., (2021). Circular economy as assistance for sustainable Development in OECD countries. Oeconomia copernicana, 12(1), 11-34.
• 27.Thareeq, A. C., Handoyo, R. D., (2020). Determinants of Foreign Direct Investment in 31 Asian Countries for the 2002-2017 Period. Contemporary Economics, 14(4), 563.
• 28.Vilutiene, L., Dumciuviene, D., (2020). The Impact of International Capital Flows on Central and Eastern European Countries' Investments, Savings, Consumption, and Current Accounts. Engineering Economics, 31(4), 450-460.
• 29.Wardhani, F.S., Haryanto, T., (2020). Foreign Direct Investment in Agriculture and Food Security in Developing Countries. Contemporary Economics, 14(4), 510
• 30.Yameogo, C. E. W., Omojolaibi, J.A., (2020). Trade liberalization, economic growth and poverty level in sub-Saharan Africa (SSA). Economic Research-Ekonomska Istraživanja, 1-21.

Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).