Indef: Elections Support Economic Growth by 0.2 Percent

By : Herry Barus And Aldo Bella Putra | Friday, January 19 2018 - 21:00 IWST

Ekonom Institute for Development of Economics and Finance (Indef) Bhima Yudhistira
Ekonom Institute for Development of Economics and Finance (Indef) Bhima Yudhistira

INDUSTRY.co.id - Jakarta - Bhima Yudhistira Institute for Economic Economy and Finance (Indef) economist said the holding of the elections contributed to economic growth of up to 0.2 percent.

"If asked about the impact of the election on the economy, yes there is a relatively small amount, namely in the range of 0.1 to 0.2 percent of the economy in an area that held the democracy party," said Bhima in Jakarta, Friday (19/1/2018).

According to him, the direct positive impact of the elections is hospitality and restaurants. Political consolidation and meetings of election participants and supporters will be higher than ordinary days.

"When the election, the meal will also be a lot, when consolidation, campaigns and lobbies certainly eat so it encourages the food and beverage industry," he said.

He added convection services and advertising was no less reap the benefits of the holding of elections. Party and campaign attributes also encourage convection services to be more stretched.

"Advertising services will increase from the usual day, although the matter of advertising is currently set up cannot be as candidate pairs competing in the election. Existing elections also benefit political consultants so that it gives a good effect," he explained.

He said that when the election termed political year, the entrepreneurs need not worry and worry if you want to invest. Moreover, he explained, in Indonesia every year there are always elections simultaneously.

"Every year we are a political year, so investment alone, especially in Indonesia, the election turmoil or the change of cabinet in Indonesian government does not affect our economy, our stocks are stable," he explained.

It's just that he notes that in every election and its relation to the economy in Indonesia cannot be separated from the security and order of a region.

"All parties must maintain the security and order of a region, with the investment economy and other economic strains going well," he said.

News Comment

Today's Industry

Meeting on Halal Industrial Zone and Halal Certification in Jakarta, Tuesday (11/5). (Photo by: Vice President’s Secretariat)

Selasa, 18 Mei 2021 - 11:27 WIB

Halal Certification Process Must be Conducted Quickly: VP

One of the Government’s efforts to make Indonesia as the world’s biggest halal producer is through the designation of the Halal Industrial Zone (KIH). To date, the Government has designated…

COVID-19 Emergency Hospital in Kemayoran Athletes Village (Photo by: PR of Ministry of Health)

Kamis, 13 Mei 2021 - 06:10 WIB

Gov’t Completes Incentive Payment for Volunteers at Kemayoran Athletes Village

Ministry of Health, on 6-10 May 2021, has completed incentive payment of December 2020 for 1,613 volunteers working at COVID-19 Emergency Hospital in Kemayoran Athletes Village amounting to…

Vice President Ma’ruf Amin chairs a virtual meeting of the Regional Autonomy Advisory Council (DPOD), Tuesday (11/05). Photo by: BPMI of Vice Presidential Secretariat

Kamis, 13 Mei 2021 - 05:00 WIB

Special Allocation Fund during Pandemic Must be Managed in Accountable Manner: VP

The use of Special Allocation Fund (DAK) during the COVID-19 pandemic must take into account the accountability principle, Vice President Ma’ruf Amin has said.

Minister of Religious Affairs Yaqut Cholil Qoumas, Chairperson of the Indonesia Ulema Council (MUI) KH Abdullah Jaidi, and Deputy Head of Commission VIII Ace H Syadzili

Kamis, 13 Mei 2021 - 03:50 WIB

Eid al-Fitr Falls on Thursday, Gov’t Announces

The Government has announced that the first day of Shawwal 1442 Hijri, which marks the Eid al-Fitr 1442 Hijri celebration, falls on Thursday, 13 May 2021.

Minister of Manpower Ida Fauziyah. (Photo by: BPMI Documentation)

Kamis, 13 Mei 2021 - 02:45 WIB

Manpower Minister: Companies Must Protect Loading-Unloading Workers through Social Security Programs

Minister of Manpower Ida Fauziyah told companies to protect their loading-unloading workers (TKBM) through social security program for workers.