The Development of Indonesian Modern Retailers, in the Post FDI Liberalization 1990s

17 Pages Posted: 30 Apr 2019

See all articles by Bayu Wijayanto

Bayu Wijayanto

Faculty of Economics and Business, Satya Wacana Christian University, Indonesia; International Institute of Social Studies, Erasmus University Rotterdam

Date Written: May 16, 2014

Abstract

English Abstract: This paper describes the modern retailer development in Indonesia since the FDI (Foreign Direct Investment) liberalization policy in 1998. In order to explain the relationship between the modern retailer and the development issue in Indonesia. This study explored by an application of the Granger causality model with VAR (Vector Autoregressive) method. It found that existed two-directional causality on that issue. Accordingly, the development was most likely influenced positively in the period shortly after the policy went into effect. In contrast, the modern retailer development was likely affected negatively to the development in the later period.

Indonesian Abstract: Makalah ini menjelaskan pertumbuhan usaha peritel modern di Indonesia sejak pemberlakuan kebijakan liberalisasi PMA (Penanaman Modal Asing) pada tahun 1998. Dalam upaya menjelaskan kaitan antara pertumbuhan usaha peritel modern dan pertumbuhan ekonomi, studi ini mengaplikasikan model kausalitas Granger dengan metoda VAR (Vector Autoregressive). Ditemukan adanya kausalitas dua arah terkait isu di atas. Dimana pertumbuhan ekonomi dipengaruhi oleh pertumbuhan usaha peritel modern secara positif pada periode jangka pendek pasca kebijakan liberalisasi PMA. Sebaliknya, pertumbuhan usaha peritel modern berpengaruh secara negatif terhadap pertumbuhan ekonomi pada periode selanjutnya.

Keywords: Indonesian modern retailer growth, FDI liberalization, VAR

JEL Classification: L81, L88

Suggested Citation

Wijayanto, Bayu, The Development of Indonesian Modern Retailers, in the Post FDI Liberalization 1990s (May 16, 2014). Available at SSRN: https://ssrn.com/abstract=3354012 or http://dx.doi.org/10.2139/ssrn.3354012

Bayu Wijayanto (Contact Author)

Faculty of Economics and Business, Satya Wacana Christian University, Indonesia ( email )

Jl. Diponegoro, 52-60
Salatiga, Jawa Tengah 50711
Indonesia

International Institute of Social Studies, Erasmus University Rotterdam

Kortenaerkade 12, 2518 AX
The Hague, South Holland 2518 AX
Netherlands

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
16
Abstract Views
243
PlumX Metrics