Dutch Curse on Indonesia: Unemployment by Asian Development Bank (ADB) Loan Projects
Acemoglu D., S. Johnson, and J. Robinson, J., 2001. The Colonial Origins of Development: An Empirical Investigation. American Economic Review, 91(5), (Dec. 2001), pp. 1369-1401.
ADB. 2011. Uzbekistan Country Assistance Program Evaluation. Evaluation Study, July 2011. Manila, Philippines: Asian Development Bank. Accessed 17 December 2020. https://www.oecd. org/derec/adb/48700042.pdf
ADB. 2018. The 2018 Annual Evaluation Review. Manila, The Philippines: Asian Development Bank. Accessed 17 December 2020. https://www.adb.org/sites/default/files/evaluation-document/388366/files/2018-aer.pdf
ADB. 2019. 2018 Annual Portfolio Performance Report (APPR). Asian Development Bank. Accessed 17 December 2020. https://www.adb.org/sites/default/files/institutional-document/500841/appr-2018.pdf.
ADB. 2019. Indonesia Fact Sheet. Asian Development Bank. Accessed 17 December 2020. https:// www.adb.org/sites/default/files/publication/27769/ino-2019.pdf.
ADB. 2020. 2019 Information Statement. Asian Development Bank. Accessed 17 December 2020. https://www.adb.org/sites/default/files/institutional-document/417506/information-statement-2020.pdf
Aldashev, G., and V. Vincenzo. 2012. Is Aid Volatility Harmful? The University of Namur. https:// www.tcd.ie/Economics/assets/pdf/AID_VOLATILITY_Draft_Jan8_2012_FULL.pdf133
Andrews, M., and V. Wilhelm. 2008. Thinking about Aid Predictability. NUMBER 124, PREM Notes Poverty: The World Bank.
Australian National University (ANU). 2017. Aid study shows every $1 spent returns $7.10 in exports. 16 October 2017. Accessed 17 December 2020. https://www.anu.edu.au/news/ all-news/aid-study-shows-every-1-spent-returns-710-in-exports
Bezemer, D., and M.J. Hudson. 2016. Finance is not the Economy: Reviving the Conceptual Distinction. Journal of Economic Issues. 50, 3, p. 745-768.
Block, W. 1988. How the Market Creates Jobs and How the Government Destroys Them (Full Edition). Accessed 17 December 2020. https://cdn.mises.org/fm588_0.pdf
Bourguignon, F., and M. Sundberg. 2007. Aid Effectiveness: Opening the Black Box. American Economic Review 97(2): 316–321.
Bulíř, A., and J.A. Hamann. 2006. Volatility of Development Aid: From the Frying Pan into the Fire? International Monetary Fund. IMF Working Paper, WP/06/65.
Bulíř, A., and T. Lane. 2004. “Aid and Fiscal Management,” in Helping Countries Develop: The Role of Fiscal Policy, ed. by Gupta, S., Clements, B. and Inchauste, G. (Washington: International Monetary Fund).
Carpenter, S. B., and S. Demiralp. 2010. Money, Reserves, and the Transmission of Monetary Policy: Does the Money Multiplier Exist? Federal Reserve Board, Washington, D.C., U.S. Finance and Economics Discussion Series 2010-41.
Celasun, O., and J. Walliser. 2008. Predictability of Aid: Do Fickle Donors Undermine Aid Effectiveness? Economic Policy, 23(July), pp. 545–94.
Coase, R. 1960. The Problem of Social Cost. Journal of Law and Economics, 3(1), pp. 1–44.
Das, A., and J. Serieux. 2015, ‘Aid and reverse flows: a global analysis’, in the M. Arvin and B. Lew (eds) Handbook on the Economics of Foreign Aid, Cheltenham: Edward Elgar Publishing.
Desai, R. M., and H.J. Kharas. 2010. The Determinants of Aid Volatility. Working Paper 42, September 2010. Global Economy and Development.
Diarra, G.. 2011. Aid unpredictability and absorptive capacity: analyzing disbursement delays in Africa. Economics Bulletin, 31(1). pp. 1004-1017.
Doucouliagos, H., and M. Paldam. 2008. Aid effectiveness on growth: A meta-study, European Journal of Political Economy, 24(1): 1–24.
Doucouliagos, H., and M. Paldam. 2015. Finally a breakthrough? The recent rise in the size of the estimates of aid effectiveness. In the M. Arvin and B. Lew (eds) Handbook on the Economics of Foreign Aid, Cheltenham: Edward Elgar Publishing.
Dreher, A., and S. Lohmann. 2015. Aid and Growth at the Regional Level. IMF Working Paper WP/15/196. Research, Strategy, Policy, and Review Department.
Ebrahim-Zadeh, C. 2003. Dutch Disease: Too much wealth managed unwisely. Back to Basics. Finance and Development, a quarterly magazine of the IMF March 2003, Vol.40, No.1. Accessed 17 December 2020. https://www.imf.org/external/pubs/ft/fandd/2003/03/ ebra.htm
Edwards, S.. 2014. Economic development and the effectiveness of foreign aid: A historical perspective. https:// voxeu.org/article/development-and-foreign-aid-historical-perspective
Eifert, B., and A. Gelb. 2005. Coping with Aid Volatility. A quarterly magazine of the IMF. September 2005, Volume 42, Number 3. Accessed 17 December 2020. https://www.imf.org/134
Fauzi A. and M.A. Ingratubun. 2021. Opening the Black Box: Disbursement Delays Impacts on Growth in Asian Development Bank (ADB) Loan Projects in Indonesia. Online Conscience Conference on Social Sciences and Humanities, January 17-18, 2021. DOI: 10.5281/zenodo.4542164.
Fauzi, A.. 2019. Teknik Analisis Keberlanjutan. PT Gramedia Pustaka Utama, Jakarta, Indonesia.
Galbraith, J. K. 1975. Money, Whence it Came, Where It Went. Boston, U.S.: Houghton Mifflin.
Global Financial Integrity (GFI) et al., (2015). Financial Flows and Tax Havens: Combining to Limit the Lives of Billions of People. Accessed 17 December 2020. https://secureservercdn.net/22.214.171.124/34n.8bd.myftpupload.com/wp-content/uploads/2016/12/Financial_Flows-final.pdf
Gross, M., and C. Siebenbrunner. 2019. Money Creation in Fiat and Digital Currency Systems. IMF Working Paper WP/19/285. International Monetary Fund.
Hickel, J. 2017. Aid in reverse: how poor countries develop rich countries. Accessed 17 December 2020. https://www.theguardian.com/global-development-professionals-network/2017/ jan/14/aid-in-reverse-how-poor-countries-develop-rich-countries
Howarth, C. N. 2017. Does Development Aid Work? A report by Christopher N. Howarth for the Global Development Challenge. The Project for Modern Democracy. Accessed 17 December 2020. https://issuu.com/p4md/docs/pmd_aid_effectiveness_report.
Hudson, J., and P. Mosley. 2008. Aid volatility, policy, and development. World Development, 36(10), 2082-2102
Hudson, J. 2015. Consequences of Aid Volatility for Macroeconomic Management and Aid Effectiveness. World Development Vol. 69, pp. 62–74, 2015. 0305-750X/ 2014 UNU-Wider. Elsevier Ltd.
Hudson, M. J. 2018. Palatial Credit: Origins of Money and Interest. Accessed 17 December 2020. https://michael-hudson.com/2018/04/palatial-credit-origins-of-money-and-interest/
Ingratubun, M. A. 2020. (Unpublished) Tracking Effectiveness of Loan Funds (Aid) (TEA) through Development Outcomes Attribution (DOA) on Bank Outlays Growth On-development Results (BOGOR). Case Study: Indonesia Loans from the Asian Development Bank (ADB). Bogor, Indonesia.
Jepma, C. J. 1991. The tying of aid, Paris, OECD.
Kanbur, R. 2000. Aid, Conditionality, and Debt in Africa, in F. Tarp (ed.), Foreign Aid and Development: Lessons Learnt and Directions for the Future, London and New York: Routledge, 409–22.
Keen, S. 2014. Endogenous money and effective demand. Review of Keynesian Economics, 2(3), Autumn 2014, pp. 271–291. Accessed 17 December 2020. https://www.researchgate.net/ publication/271215627_Endogenous_money_and_effective_demand
Khaldun, I. 1377. The Muqaddimah: An Introduction to History. Translated by Franz Rosenthal (1969). Accessed 17 December 2020. https://asadullahali.files.wordpress.com/2012/10/ ibn_khaldun-al_muqaddimah.pdf
Kharas, H. J. 2008. Measuring the Cost of Aid Volatility. Wolfensohn Center for Development Working Papers.
Lotti, G., and A. Presbitero. 2019. The mobilization effects of multilateral development banks. Accessed 17 December 2020. https://voxeu.org/article/mobilisation-effects-multilateral-development-banks 135
Mazzi, B. 2013. Treasury Finance and Development Banking. A Guide to Credit, Debt, and Risk. New Jersey, USA: John Wiley and Sons, Inc.
McKee, C., C. Blampied, I. Mitchell, and A. Rogerson. (2020). Revisiting Aid Effectiveness: A New Framework and Set of Measures for Assessing Aid “Quality”. Working Paper 524, January 2020. Washington, USA: Center for Global Development.
McLeay, M., A. Radia, and R. Thomas. 2014. Money creation in the modern economy. Bank of England. Quarterly Bulletin, Q1, pp.14-27.
Minoiu, C., and S. G. Reddy. 2009. Development Aid and Economic Growth: A Positive Long-Run Relation. IMF Working Paper WP/09/118. International Monetary Fund.
Moore, B. J. 1983. Unpacking the Post Keynesian Black Box: Bank Lending and the Money Supply. Journal of Post Keynesian Economics 5(4): 537–556.
Nichols, D. M. (1994). Modern Money Mechanics. A Workbook on Bank Reserves and Deposit Expansion. 1st published in 1961. Last revision by Anne Marie L. Gonczy (1992). Chicago, IL, U.S.: Federal Reserve Bank of Chicago.
OECD, 2003, Harmonising Donor Practices for Effective Aid Delivery. DAC Guidelines and Reference Series (Paris: Organisation for Economic Co-operation and Development, Development Assistance Committee). Accessed 17 December 2020. http://www.oecd.org/dataoecd/0/48/20896122.pdf
Pallage, S. P., and M. A. Robe. 2001. Foreign aid and business cycles. Review of International Economics 9, 641-672.
Quibria, M. G. 2014. Aid effectiveness: research, policy, and unresolved issues. Development Studies Research: An Open Access Journal, 1(1): 75–87.
Rajan, R. G., and Arvind Subramanian. 2008. Aid and Growth: What Does the Cross-Country Evidence Show? Review of Economics and Statistics, 90(4): 643–665.
Royston, P., and W. Sauerbrei. 2007. The Use of Fractional Polynomials in Multivariable Regression Modelling. Presentation: Heidelberg, Germany. Accessed 17 December 2020.: http://www.biometrie.uni-heidelberg.de/statmeth-ag/veranstaltungen/magdeburg07/talks/sauerbrei. pdf
Rustiadi, E., S. Saefulhakim, and D. R. Panuju. 2018. Perencanaan Dan Pengembangan Wilayah. Jakarta, Indonesia: Yayasan Pustaka Obor Indonesia.
Shorto, R. 2013. Amsterdam: A History of the World’s Most Liberal City. Doubleday
Sogge, D. 2017. Foreign Aid: Inconvenient Truths. Sinergias – diálogos educativos para a transformação social, junho 2017, No.5.
The Fed. 2020. Reserve Requirements. The U.S. Federal Reserve. Accessed 17 December 2020. https://www.federalreserve.gov/monetarypolicy/reservereq.htm
United Nations (UN). 2012. Macroeconomic stability, inclusive growth, and employment. Thematic Think Piece. ILO, UNCTAD, UNDESA, WTO. UN System Task Team on the post-2015 UN development agenda.
U.S. Congress. 1968a and 1968b. Appropriation for 1969. House of Representatives. 9th Congress, Second Session, Part 1 (94-105), pp.264-324 and Part 2 (94-955)-Economic Assistance, pp.25-39.
Werner, R. A. 2014. Can banks individually create money out of nothing? The theories and empirical evidence. International Review of Financial Analysis, 36, pp.1-19136
Werner, R. A. 2016. A lost century in economics: Three theories of banking and the conclusive evidence. International Review of Financial Analysis, 46, pp.361-379.
Witular, R. A. 2016. Asian Development Bank to reform project delivery, cut delays. The Jakarta Post (Fri, May 6, 2016). Accessed 17 December 2020. https://www.thejakartapost.com/ news/2016/05/06/asian-development-bank-to-reform-project-delivery-cut-delays.html.
Zezza, G. 2011. Godley and Graziani: Stock-Flow-Consistent Monetary Circuits. Levy Economics Institute.
- There are currently no refbacks.
Copyright (c) 2021 Gadjah Mada International Journal of Business
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.