Nelnav

merely homo sapiens who irrationally rational and vice versa

[The Economist @TheEconomist]

Prabowo Subianto is too spendthrift and too authoritarian https://t.co/fsWXBXCdmh

[The Nobel Prize @NobelPrize]

The 2025 laureates in economic sciences Philippe Aghion and Peter Howitt studied the mechanisms behind sustained growth. In an article from 1992, they constructed a mathematical model for what is called creative destruction: when a new and better product enters the market, the companies selling the older products lose out. The innovation represents something new and is thus creative. However, it is also destructive, as the company whose technology becomes passé is outcompeted.

Aghion and Howitt’s model shows that there are strong forces pulling in different directions as regards investment in research and development (R&D) and thus economic growth. Depending on factors such as the market and period of time, the need to subside R&D may vary.

#NobelPrize

[Bareng Warga - #BebaskanKawanKami @barengwarga]

Pada Selasa (09/09) jam 12:00 WIB, Aliansi Ekonomi Indonesia menggelar konpers terkait Tujuh Desakan Darurat Ekonomi. Berikut tiga poin utamanya:

1) Pemerintah jangan hanya memperhatikan pertumbuhan saja tanpa melihat indikator-indikator ekonomi lainnya yang sama-sama penting.
Pertumbuhan hanya satu dari berbagai macam indikator kondisi perekonomian. Pemerintah perlu memperhatikan apa arti dari indikator tersebut. Bagaimana indikator tersebut dapat berpengaruh kepada pengurangan kemiskinan, penciptaan kualitas manusia Indonesia yang baik, dan penciptaan lapangan kerja yang berguna bagi seluruh masyarakat Indonesia.

2) Meminta indepensi dari institusi-institusi yang terlibat.
Rakyat bukanlah sekedar data pemilu saja tetapi juga bagian dari sebuah bangsa. Keberhasilan pembangunan sebuah bangsa terlihat dari kesejahteraan rakyat tersebut.

3) Kepada Presiden @Prabowo dan seluruh jajaran Pemerintah, jajaran parpol, jajaran institusi hukum, TNI/Polri, serta semua yang terkait untuk dengarkan, menerima tuntutan mereka dengan hormat, dan laksanakan tuntutan mereka.
Para ekonom, pemerhati ekonomi, dan para pengajar ekonomi yang tergabung dalam Aliansi Ekonomi Indonesia telah menghimpun suara melalui diskusi-diskusi dari akar rumput di seluruh pelosok Indonesia dan diaspora Indonesia. Para jajaran elit di pemerintahan dan di parpol inilah yang memiliki kewenangan untuk bisa mengubah Indonesia, di mana Indonesia saat ini berada di persimpangan jalan. Apakah para pemangku kepentingan ini dapat mengantarkan ke Indonesia Emas 2045 atau malah mereka mengubah jalannya karena menindas para pemberi pendapat sehingga Indonesia menjadi negara terbelakang? Keputusan ada di tangan para elit di pemerintahan ini dan masyarakat yang akan menentukan serta dunia internasional mengawasinya.

#ResetIndonesia

Link full konpers: https://t.co/uoJjgXWUTE
Link Tujuh Desakan Darurat Ekonomi dari Aliansi Ekonom Indonesia: https://t.co/k0OI2bROTQ

[Nelnav @nelanavida]

Indeed the biggest bet. Sweden’s school lunch program raised long-term income by 5.8% (Lundborg et al. 2022). But that required ~9 yrs of exposure.

The next question:
Can Indonesia really fund this for a whole generation for 9 yrs without running the state into the red?

[Trinh @Trinhnomics]

Indonesia free lunch is the MOST EXPENSIVE IN THE WORLD as a share of GDP (1.5%) and SECOND most expensive in USD terms (USD21bn) only behind the US.

It is FOUR TIMES more expensive than China's.

Btw, did you know that it is 79% of the ENTIRE EDUCATION BUDGET that includes EVERYTHING.

Now, what do you think is the return on investment for this program vs say tertiary education or anything?

Finally, what about breakfast and dinner? Just kidding.

[Trinh @Trinhnomics]

Here we go: Indonesia Finance Minister is removed and is replaced with Purbaya Yudhi Sadewa who is head of Indonesia’s Deposit Insurance Corporation.

The key question for markets is whether Prabowo can have his cake and eat it too. To afford the lunch program, she had to make the difficult decision of cutting expenditure very aggressively to maintain fiscal sustainability and also the -3% of GDP fiscal limit. The issue is how is the new Finance Minister going to afford the 1.5% of GDP lunch program and at the same time raise spending for sectors such as defense without punching a larger hole in the deficit. For investors, that will be a key concern.

[Bareng Warga - #BebaskanKawanKami @barengwarga]

Statement PP @muhammadiyah:

Kapolri wajib mundur atau dicopot karena gagal mengubah watak represif Polri. Presiden tidak bisa lepas tangan, sebab diamnya pemerintah berarti memberi restu pada tindakan brutal tersebut.

[VoxDev @vox_dev]

Indonesia’s Special Economic Zone programme had minimal impact on regional growth and welfare, largely because it targeted remote, low-potential areas and relied solely on tax incentives.

Read today's article to learn more: https://t.co/rR1La8lZMY

[Nelnav @nelanavida]

@qatarairways Hello I'm trying to resolve my ticket reschedule only to face further uncertainties. Calls came when I was unavailable, DMs answered at random times. Now I’m at risk of flight cancellation due to your slow response. Sorry, this is really unprofessional and unacceptable.

[Nelnav @nelanavida]

Really disappointed with @qatarairways , the app no longer has live chat, took forever just to find how to contact the customer service only to find I can’t. Had to DM on X, and after 24 hours chat - it's still hanging. So frustatingg 😞

[International Growth Centre @The_IGC]

⏳ Final call! Submit your paper for LSE Environment Week 2025 by 14 July, 23:59 GMT.

🌍 All econ fields welcome – climate, energy, policy & more
📍 In-person at LSE | ✈️ Funding available for presenters

🔗 Submit now: https://t.co/9HL7lVfGa4

#EnvironmentalEconomics

[Michael Thrower Chowdhury @BevansAdvocate]

Here are some reading recommendations for the current moment

[Marlistya Citraningrum @mcitraningrum]

Catatan ini kayaknya dibuat dengan tenang - karena elegan sekali penyampaian kritik dan masukannya.

MBG bukan sekadar janji kampanye yg harus dipaksakan, namun harus berkontribusi JANGKA PANJANG pada perbaikan kualitas SDM.

*dari Kemdikdasmen yg menjadi sasaran langsung

[Nelnav @nelanavida]

@medianenf samaa, padahal udah mute juga 😶 freedom of speech ceunah

[Anup Malani @anup_malani]

Empirical economics focuses disproportionately on internal validity (methods).

But all readers predictably use papers to form beliefs about contexts outside the sample of any given paper.

So we need a lot more focus & research on external validly (methods).

[Daniel Sturm @daniel_m_sturm]

For my ERC funded project on the economics of cities I am looking for one or two predocs. Apply by 27th January 2025: https://t.co/Gk3GmRiWge
@econ_ra

[Nelnav @nelanavida]

Salah satu artikel yang membahas tentang dampak kenaikan PPN: https://t.co/Zb3bUrTGgn

[Nelnav @nelanavida]

Dasar kenaikan PPN ke 12% adalah UU No.7 Tahun 2021. Yes, udah direncanakan dari 3 tahun lalu.

Di Pasal 7 ayat (1), disebutkan PPN akan dinaikkan bertahap, 11% pada 1 April 2022 dan 12% pada 1 Januari 2025.

Sebagai orang awam, kubertanya-tanya: kenapa harus ada deadlinenya?

[tempo.co @tempodotco]

Puan Ingatkan Dampak Kenaikan PPN 12 Persen Bisa Perburuk Keadaan Kelas Menengah
https://t.co/GnFYTrqgdW

[Nelnav @nelanavida]

Pertanyaan akhir: Apakah tujuan akhir pemerintah untuk meningkatkan penerimaan akan tercapai kalaupun kebijakan ini diberlakukan?

Note: harus dihitung nett penerimaanmencakup trade-off/ cost dari kebijakannya.

[Trinh @Trinhnomics]

Prabonomics Wish List: Higher Tax Revenue, More Social Welfare and Rapid GDP Growth.

A thread on Indonesia's 8th President who will lead Southeast Asia's largest economy & fourth most populous in the world in the next five years. Let's go! 🇮🇩