Open AccessANALISIS CROWDING OUT EFFECT PENERBITAN OBLIGASINEGARA: STUDIKASUS PEREKONOMIAN INDONESIA PERIODE 1970 - 2003
Author(s) -
Joko Waluyo
Publication year - 2007
Publication title -
jurnal ekonomi pembangunan/jurnal ekonomi pembangunan
Language(s) - English
Resource type - Journals
eISSN - 2460-9331
pISSN - 1411-6081
DOI - 10.23917/jep.v7i1.3994
Subject(s) - crowding out , crowding , structural equation modeling , government (linguistics) , investment (military) , estimator , indonesian , econometrics , bond , identity (music) , economics , political science , psychology , statistics , mathematics , monetary economics , politics , law , physics , finance , linguistics , philosophy , neuroscience , acoustics
The main subject of this research are to proof what issuing government bonds give impact to crowding out effect for private investment. The research design used simultaneous equation modeling, consisting of 17 behavioral equation and 18 identity equation with 6 blocks. Behavioral equation with estimated by tsls (two stage least square). This study use secondary data from Indonesian economy since 1970 until 2003. The econometric test to result BLUE estimator. The Result is issuing government bonds don't cause crowding out effect to private investment.