In 2008, the world encountered economic crisis trigered by the collapse of sub-prime morgage in the US that spred to other countries including Indonesia. Indonesia relies heavily on internaional market to export its commodities hence generating foreign earnings. The crisis hampered unovoidably its export potentials. The Indonesian Eximbank Indonesian Export Financing Agency (LPEI) therefore supported industries or related sectors to provide export-based financing programs. This study aimed to calculate the effect of its financing on economy and social indicators. This study applied the computable general equilibrium (CGE) model with the 2008 Social Accounting Matrix ((SAM) and 2016 National Socio-Economic Survey data. The results showed that the LPEI facility contributed to enhancing exports, investments and indirectly to outputs of related sectors. Finally Gross Domestic Products (GDP) increased. Households benefited from such facilities whose more labors were demanded by expanding sectors, hence improving income distribution in the society.
Lembaga Pembiayaan Ekspor Indonesia (LPEI)
Dr. Syamsul Hidayat Pasaribu, S.E, M.Si
email: email@example.com, phone/fax: +62 251-8377896, +62 251-8348903