Analisis Kinerja Makroekonomi Free Trade Zone di Batam, Bintan dan Karimun

Abstract

This paper aims to describe the macroeconomic performance characteristics of FTZ in Batam, Bintan and Karimun through macroeconomic data of Batam, Bintan and Karimun through simultaneous equation econometric model. The data used are LPE data, investment, labor, exports, imports, wages, demand for imported goods and large and retail trade for the period on 2006-2015. Based on the model estimation, there is a mutual relationship between LPE and labor in Batam and Bintan, whereas in Karimun there is a mutual relationship between LPE with investment and export with import. In Batam, there is a negative relationship of investment to LPE, this is because the magnitude of the multiplier effect of Batam investment growth has not been fully absorbed by the local economy. The large and retail trade in Bintan can affect the export and import value in Karimun, meaning that Bintan and Karimun have cooperative relationships in trade distribution. And the large trade and retail in Karimun can affect the value of imports in Batam and Bintan, that is, some of Karimun's products are supplied to Batam and Bintan. The most important indicator of macroeconomic performance in Karimun are investment. There is an economic linkage between Batam, Bintan and Karimun linked by large trading and retail (PBE). PBE Karimun cooperates well with PBE Batam and Bintan. While there is a trade competition between PBE Batam with PBE Bintan. This is because the location of Batam and Bintan are close together as well as their production of the same or substitution.