Indonesia Eximbank was established by the Government of Indonesia in order to reduce the impact of the weakening economy due to the global economic crisis in mid-2008. This study focused specifically on one of the facilities provided by Indonesia Eximbank for exporters, namely insurance facilities. The objective of this study was to measure the impact of Indonesia Eximbank insurance facility on economic and social activities in Indonesia. The method applied were the computable general equilibrium (CGE) analysis model with Social Accounting Matrix (SAM) data as the main database and microsimulation analysis. As expected, the results showed that export insurance contributed to real GDP, exports, imports, and tax revenue. However, consumption, investment, and inflation were not found to be affected. The increase in exports occurred in most of the subsectors that received Indonesia Eximbank insurance facility in Indonesia. In line with the increasing export and output of several sectors that received the facility, the demand for labor in these sectors would increase. In addition, non-agricultural household income would indirectly benefit from the facility.
Keywords: Indonesia Eximbank, Insurance, CGE, Microsimulation, Export, Labor Demand.
Lembaga Pembiayaan Ekspor Indonesia (LPEI)
Dr. Nunung Nuryartono
email: email@example.com, phone/fax: +62 251-8377896, +62 251-8348903