THE ROLE OF FISCAL POLICY IN BUILDING DEMOCRACY AND OVERCOMING ECONOMIC RECESSION IN INDONESIA
Keywords:
Economic Recession, Democracy Development, Fiscal Policy
Abstract
The state, as an entity, has the authority to obtain income from taxes from its citizens. However, to develop, there is a need for financial management in the tax arrangements received. This tax regulation is a fiscal policy that can be useful in overcoming the economic recession in Indonesia. This study aims to see how fiscal policy can affect the development of democracy and overcome the economic recession that has occurred in Indonesia. The method used in this research is a qualitative approach. The data used in this research comes from the results of previous research or studies that still have relevance to this research. This study found that fiscal policy can help build democracy in Indonesia by opening employment opportunities, increasing national income and investment, and increasing economic stability. As for overcoming an economic recession, fiscal policy can help achieve existing development targets and boost economic growth.
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Berdell, J., & Mondschean, T. (2020). Retrospectives: Regulating Banks versus Managing Liquidity: Jeremy Bentham and Henry Thornton in 1802. Journal of Economic Perspectives, 34(4), 195-209.
Billari, F. C. (2022). Demography: Fast and Slow. Population and Development Review, 48(1), 9-30.
Blanchard, O., Leandro, A., & Zettelmeyer, J. (2021). Redesigning EU fiscal rules: From rules to standards. Economic Policy, 36(106), 195-236.
Chan, Y. T. (2020). Are macroeconomic policies better in curbing air pollution than environmental policies? A DSGE approach with carbon-dependent fiscal and monetary policies. Energy Policy, 141, 111454.
Chowdhury, E. K., Khan, I. I., & Dhar, B. K. (2022). Catastrophic impact of Covid‐19 on the global stock markets and economic activities. Business and Society Review, 127(2), 437-460.
Delardas, O., Kechagias, K. S., Pontikos, P. N., & Giannos, P. (2022). Socio-Economic Impacts and Challenges of the Coronavirus Pandemic (COVID-19): An Updated Review. Sustainability, 14(15), 9699.
Didier, T., Huneeus, F., Larrain, M., & Schmukler, S. L. (2021). Financing firms in hibernation during the COVID-19 pandemic. Journal of Financial Stability, 53, 100837.
Hazakis, K. J. (2022). Is there a way out of the crisis? Macroeconomic challenges for Greece after the Covid-19 pandemic. European Politics and Society, 23(4), 490-504.
Hetmańczuk, A. (2021). The primary goal of monetary policy: reflections on the nature of the problem. The Central European Review of Economics and Management, 5(1), 77-101.
Ilyas, F. (2022). Factors Affecting the Economic Recession and its potential in Indonesia Due To Covid-19 Pandemic. International Journal of Social and Management Studies, 3(4), 89-93.
Indrawati, S. M., & Kuncoro, A. (2021). Improving competitiveness through vocational and higher education: Indonesia’s vision for human capital development in 2019–2024. Bulletin of Indonesian Economic Studies, 57(1), 29-59.
Khanna, A. (2020). Impact of migration of labour force due to global COVID-19 pandemic with reference to India. Journal of Health Management, 22(2), 181-191.
Mazzucato, M., Kattel, R., & Ryan-Collins, J. (2020). Challenge-driven innovation policy: towards a new policy toolkit. Journal of Industry, Competition and Trade, 20(2), 421-437.
McKee, M., & Stuckler, D. (2020). If the world fails to protect the economy, COVID-19 will damage health not just now but also in the future. Nature Medicine, 26(5), 640-642.
Muhyiddin, M., & Nugroho, H. (2021). A year of Covid-19: A long road to recovery and acceleration of Indonesia's development. Jurnal Perencanaan Pembangunan: The Indonesian Journal of Development Planning, 5(1), 1-19.
Mura, L., Zsigmond, T., Kovács, A., & Baloghová, É. (2020). Unemployment And Gdp Relationship Analysis in the Visegrad Four Countries. Online Journal Modelling the New Europe, (34).
Nakatani, R. (2021). Fiscal rules for natural disaster-and climate change-prone small states. Sustainability, 13(6), 3135.
Nundy, S., Ghosh, A., Mesloub, A., Albaqawy, G. A., & Alnaim, M. M. (2021). Impact of COVID-19 pandemic on socio-economic, energy-environment and transport sector globally and sustainable development goal (SDG). Journal of Cleaner Production, 312, 127705.
Padhan, R., & Prabheesh, K. P. (2021). The economics of COVID-19 pandemic: A survey. Economic analysis and policy, 70, 220-237.
Pawlak, K., & Kołodziejczak, M. (2020). The role of agriculture in ensuring food security in developing countries: Considerations in the context of the problem of sustainable food production. Sustainability, 12(13), 5488.
Rela, I. Z., Ramli, Z., Firihu, M. Z., Widayati, W., Awang, A. H., & Nasaruddin, N. (2022). COVID-19 Risk Management and Stakeholder Action Strategies: Conceptual Frameworks for Community Resilience in the Context of Indonesia. International Journal of Environmental Research and Public Health, 19(15), 8908.
Sheng, D., Li, Z. C., & Fu, X. (2019). Modeling the effects of airline slot hoarding behavior under the grandfather rights with use-it-or-lose-it rule. Transportation Research Part E: Logistics and Transportation Review, 122, 48-61.
Skjærseth, J. B. (2021). Towards a European Green Deal: The evolution of EU climate and energy policy mixes. International Environmental Agreements: Politics, Law and Economics, 21(1), 25-41.
Yusuf, M., Ichsan, R. N., & Suparmin, S. (2021). Influence Of BI Rate, FED Rate, And Inflation on Composite Stock Price Index (JCI). Journal of Management and Business Innovations, 3(01), 8-16.
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Published
2022-12-08
How to Cite
Istan, M. (2022). THE ROLE OF FISCAL POLICY IN BUILDING DEMOCRACY AND OVERCOMING ECONOMIC RECESSION IN INDONESIA. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 6(3), 1699-1712. https://doi.org/10.31955/mea.v6i3.2625
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Articles
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