https://jurnal.ugm.ac.id/v3/PCD/issue/feedPCD Journal2024-10-04T15:12:04+07:00Hasrul Hanifhhanif@ugm.ac.idOpen Journal Systems<p>PCD Journal is an initiative to promote works and reports written in high-quality academic standard on the dynamics of power, conflict, and democracy in developing countries, particularly in South and Southeast Asia. Themes on practices of human rights, popular representation, and participatory-based public policy are amongst the interests of the initiative. It is considered that there is a serious lack of scholarly publishers within this geographical area and within these thematic fields, partly, due to the colonial pattern in international publication. PCD Publication seeks to alter the condition. The main discipline area of the initiative is social sciences with sub-discipline areas in political science, human geography, and political anthropology. We invite concerned scholars and experts in related themes to share and discuss their research, knowledge, and works in academically equal spirit. The published works and reports in PCD Journal are under the condition of having to pass through the peer review system, involving international academics and experts.</p> <p>PCD Journal is set up as a network project, currently, involving Universitas Gadjah Mada in Indonesia, the University Colombo in Sri Lanka, and the University of Oslo in Norway. Demos Indonesia (the Indonesian Centre for Democracy and Human Rights Studies), the Social Scientists’ Association of Sri Lanka, and the International Centre for Ethnic Studies, Sri Lanka, are added into the collaboration.</p> <p>PCD Journal is currently managed by Department of Politics and Government, Faculty of Social and Political Sciences, Universitas Gadjah Mada (DPP UGM). Operationally, it is managed by DPP UGM research and publication unit, named as PolGov (Research Centre for Politics and Government). This management is continuing what has been respectably initiated by the Centre for Southeast Asian Social Studies (CESASS UGM). </p> <p><span style="font-weight: 400;">PCD Journal with registration number ISSN 2085-0433 (print) and ISSN 2085-0441 (online) published since 2009 by the DPP UGM, twice per year, in June and December. </span><span style="font-weight: 400;">In 2020, PCD Journal renews its website and editorial design, with a new layout focused on accessibility and readability. Moreover, In 2018 PCD Journal indexed in Directory of Open Access Journal (DOAJ) and got national accreditation SINTA 3.</span></p>https://jurnal.ugm.ac.id/v3/PCD/article/view/14586Exploring the Relationships Between Democracy and Central Bank Independence:2024-10-04T15:12:04+07:00Bara Setiadibara.setiadi@mail.ugm.ac.id<p><em>This paper applies </em><em>fixed-effect </em><em>panel regression </em><em>on observational data from both developed and developing countries </em><em>to </em><em>test the established models of</em><em> the </em><em>impact of </em><em>democracy, political rights, civil liberties, and political institutions on central bank independence (CBI). Evidence shows that </em><em>lower civil liberties and political risk statistically influence CBI in both developed and developing countries</em><em>. </em><em>The findings also show that well-exercised</em><em> democracy and political rights </em><em>significantly influence</em><em> CBI </em><em>in</em><em> developing countries</em><em> only</em><em>. </em><em>By contrast, most political variables do not significantly influence CBI in highly developed countri</em><em>es</em><em>. Instead,</em><em> </em><em>CBI depends on </em><em>macroeconomic variables such as higher taxes and international debt. </em><em>These findings provide new insights that</em><em> differ from previous</em><em>ly established</em><em> results</em><em>,</em><em> which predict that CBI is not sensitive to political variables. Overall, this paper reaffirms the interplay between </em><em>politics (proxied by </em><em>democra</em><em>t</em><em>ic</em><em> </em><em>practices)</em><em> and </em><em>economy (proxied by </em><em>CBI</em><em>)</em><em> in the early stages of development</em><em> which varies across different levels of development</em><em>. </em></p>2024-10-04T00:00:00+07:00Copyright (c) 2024 PCD Journal