Indonesia’s economy is getting more integrated with the global economy. Potential impact of global economy shocks to domestic economy propagated through trade channel and financial channel are increasingly pronounced. Risk of sudden reversal following large capital inflows poses a serious...

Shadow "banks" are unidentified entities operating in the financial sphere, in different countries. Therefore their lending and borrowing activities must be based on some rationally determined interest rate. We make the hypothesis that it is determined by a Reinforced Learning process and try to...

The aim of this work is analyzing the practical relevance, from a qualitative perspective, of a new methodology which is intended to include firm heterogeneity, as modeled by Melitz (2003), in computable general equilibrium effects. We assess to what extent the inclusion of industries with...

This paper's objective is to provide an improved model of inflation for use in dynamic macroeconomic models. Fisher's equation of exchange is recognized as a causal relationship that shows how the price level responds to changes in aggregate production, the money supply, and the velocity of...

Traditional business process modeling follows a top-down approach. The process structure is pre-defined by completely determining relevant activities, eevents, actors, documents, tools, etc. The process model shows a strict flow of events and activities following a well-defined logical and...

After the 2008 global economic crisis, as one of the emerging markets, Indonesia experiences a lot of capital inflows. The increase in capital inflows stimulated economic activities and caused macroeconomic fluctuations. This study focused on the analysis of pull and push factors that affect the...

Under Zero Interest Financial System, Profit Loss Sharing (PLS) contract supposedly is the primary vehicle of incurring debt by a business. However, factually, for various reasons that is not the case as of now. An alternative mode of financing called Mark-up (MU) has stepped in as the favored...

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In this paper we present a unified framework for the regression-based decomposition of rank-dependent indicators of socioeconomic inequality of health, of which the Concentration Index is the best known example. Such indicators of socioeconomic inequality of health are bivariate in nature...

This study estimates parameters of CES production function in a Mathcad system using non-linear ordinary least squares method (Markvart method) based on statistical data of republics of Azerbaijan and Kazakhstan. Identified parameter estimates were comparatively analyzed to reveal a number of...