Indonesia has been always famed for its lack of depth and innovation in its financial market. Banks are powerful and aim mostly at consumer banking. Indeed, the role of foreign investment is quite central to Joko ‘Jokowi’ Widodo’s development policy, from building infrastructures and the same-price gasoline policy, both relies on SOE’s corporate bonds, to attracting FDI to provide jobs. The high influx of foreign investment of course leads to a current account deficit, which means increase the surge of imports. This is a basic GDP accounting where current account balance is $=S-I=X-M$.
This morning, as usual, I prepared breakfast, did the dishes, all while listening to a podcast. One of my favorite, Babbage aired the recent development of COVID-19, including the decreasing death rate across the world.
One problem with IV is weak instrument, which may worsen an OLS. A course from CBE demonstrate weak instrument issue with R
A ketoprak lunch provides insight on import substitution policy
Just recently I finished a book titled The Gene: an Intimate History by Siddharta Mukherjee. The book started by a touching stories about Dr. Mukherjee and his family history, that his gene is ’tainted’ by abnormality. He has several family members with unusual mental conditions, and that may be printed in his gene as well.
In this post, I addressed the only problem I had with migrating to hugo which is equation labeling
A couple of month ago, I just learned from a professor from my course about the new gravity dataset made by the United States International Trade Commission (USITC). Turns out, the USITC has not only a gravity dataset, but a dedicated page called “gravity portal” which contain some other data and software related to gravity estimation. And boy how excited I was when I just learned that they have made a python package to run a PPLM regression.
Postingan ini khusus buat contekan belajaran waktu nyoba-nyoba. Akan coba dibagi berdasarkan program. Contekan ini akan diupdate terus sambil saya belajaran.
It’s probably no secret that I’ve been somewhat critical of the Ministry of Trade’s export ban, specifically Permendag 34/2020 on the export ban of antiseptics, PPE, masks, and PPE raw materials. The regulation may be well-intentioned, but it can have negative effects by disrupting supply chains, reducing the credibility of our government and businesses, and failing to help increase production capacity. Especially since we are highly import-dependent for nearly every COVID-19-related item (see tables 1 and 2). We could help the world fight COVID-19 by contributing our garment-sewing workforce for PPE, while obtaining those imported goods in return. Exports would also help secure dollar reserves for imports.
The government seems increasingly eager to usher in the “New Normal” and start reopening the economy. A guidebook on how to handle the “New Normal” from BPOM has already been circulated. News about malls reopening was everywhere (though apparently Summarecon Mal Bekasi did not open after all). The economy was set to bounce back!