Anjar Priandoyo

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Development Economics

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Development economics is a study of improving something from bad to something good. The focus of development economics is economic growth, economic development (education, health, infra etc) and structural changes (agriculture, industry etc).

By using econometrics (mathematics, statistical, cs) to economic data, we can find correlation of two different things. For example correlation between economy growth vs unemployment rate, correlation between economy growth vs impact to environment (Environmental kuznets curve – EKC). In environment perspective for example, by using historical data people can argue that in the beginning of economic development, the environment quality is bad, and after period of time will be better again.

Is it useless ?
To some degree econometrics in economy, is similar like using technical analysis for stock trading (Even there are some people that did not ‘believe’ in stock trading at all). Or it also similar with quantitative risk management in company business. To some level it is absurd.

Fact
2013: 5.78% (BPS) ref BPS
2014: 5.02% (BPS) ref BPS
2015: 4.79% (BPS) ref BPS

Assumption
2015p: 5.8% (RAPBN) ref MOF

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Written by Anjar Priandoyo

Februari 9, 2016 pada 9:16 pm

Ditulis dalam Management

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