Academic literature on the topic 'Toll roads Economic aspects Indonesia'
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Journal articles on the topic "Toll roads Economic aspects Indonesia"
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Prakoso, Cahyo Satrio. "Impact of Government Intervene in Oligopoly Market Using Tawhidi String Relation Approach Case Study of Toll Road Operators in Indonesia." Indonesian Journal of Business, Accounting and Management 4, no. 02 (December 23, 2021): 16–22. http://dx.doi.org/10.36406/ijbam.v4i02.557.
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This paper aims to investigate the government's intervention in an oligopoly market from an Islamic Economic point of view. The toll road industry in Indonesia is one of the best case studies of the impact of government intervention in pricing policy. Methodology/approach – Referring to some Islamic scholars concerning pricing policy, this paper using Tawhidi String Relations or TSR concept as a method to explain the variation tariff using the proposed variables.
Findings – The result shows that Islamic economics does not prohibit government intervention in oligopoly markets as long as the pricing policy favors the public. In the case of the toll road industry in Indonesia, government intervention is needed to benefit the public and generate economic growth between cities.
Practical implications – Pricing policy in the toll road industry in Indonesia should incorporate other variables such as development strategies of the cities in order to raise economic growth of the cities.
Originality/value – The Tawhidi String Relations method could be applied to all aspects of life in the world. This TSR methodology can be the frame of mind of various scientific studies on how society achieves consensus to solve various problems by referring to Islamic teachings, in an effort to create benefits from the purpose of peace in the world. TSR becomes a frame of mind that explains how Divine Laws affect the scientific social order of the world, through a process of Interaction, Integration, and Evolution (IIE Process) (Choudhury, 2019)
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Maulana, Iqbal, Edi Purwanto, and Alif Anggriat. "Analisis Komparasi Kecelakaan Lalu Lintas Di Jalan Tol Cikopo – Palimanan Sebelum dan Pada Saat Pandemi Covid-19." Jurnal Penelitian Transportasi Darat 23, no. 2 (December 27, 2021): 184–92. http://dx.doi.org/10.25104/jptd.v23i2.1920.
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ABSTRACTComparative Analysis of Traffic Accidents on Cikopo–Palimanan Toll Roads Before and During the Covid-19 Pandemic: Economic conditions, education and all aspects of Indonesian people's lives have been affected by the emergence of the Covid-19 pandemic so that the government implemented a Large-Scale Social Restriction (PSBB) policy at the beginning of 2020. From 2019 to July 2020, through data from the West Java POLDA Satlantas police and Astra Infra Toll Cipali PT Lintas Marga Sedaya as toll road operators, there were 1,075 traffic accidents on toll roads. The purpose of this study was to compare the level and fatality of accidents before and during the Covid-19 pandemic and to find out the differences in traffic accident-prone locations on toll roads before and during the Covid-19 pandemic. The research method used in this study is the variable rate of accidents, fatalities, traffic accident-prone locations using the HIRA (Hazard Identification Risk Assessment) analysis technique. The results of this study On Lane A of the Cikopo Palimanan Toll Road Before and During the Covid-19 Pandemic, there were 2 (two) similar accident-prone locations while the other 11 (eleven) prone locations were different. On Lane B of the Cikopo Palimanan Toll Road Before and During the Covid-19Pandemic, there was 1 (one) same accident-prone location while the other 14 (fourteen) prone locations were different. Results of the study, it can be concluded that there are differences in the parameters of accident-prone locations and the level of traffic accidents, while the fatality rate of traffic accidents is no difference between before the Covid-19 pandemic and during the Covid-19pandemic. Based on the Analysis (Hazard Identification Risk Assessment) road infrastructure Toll roads, the highest risk value for traffic accidents on the Cikopo – Palimanan toll road is on lane A STA 75+700, 82+100, 90+900, 100+700, 111+500, 114+300, 123+800, 151+ 300,153+500, 164+700 on lane B STA 74+100, 185+000.Keywords: Traffic Prone Location, Comparison, Before and During Covid-19ABSTRAKKondisi perekonomian, pendidikan dan segala aspek kehidupan masyarakat Indonesia terdampak oleh munculnya pandemi Covid-19 sehingga pemerintah menerapkan kebijakan Pembatasan Sosial Berskala Besar (PSBB) di awal tahun 2020. Pada tahun 2019 hingga Juli 2020 melalui data kepolisian Satlantas POLDA Jawa Barat dan Astra Infra Tol Cipali PT Lintas Marga Sedaya selaku operator jalan tol terdapat 1.075 Kejadian Kecelakaan lalu lintas di jalan tol. Tujuan dari penelitian ini adalah membandingkan tingkat dan fatalitas kecelakaan sebelum dan pada saat pandemi Covid-19 serta Mengetahui perbedaan lokasi rawan kecelakaan lalu lintas di ruas jalan tol sebelum dan pada saat pandemi Covid-19. Metode penelitian yang digunakan dalam penelitian ini adalah variabel tingkat kecelakaan, fatalitas, lokasi rawan kecelakaan lalu lintas menggunakan tekniki analisis HIRA (Hazard Identification Risk Assesment). Hasil penelitian ini Pada Jalur A Tol Cikopo Palimanan Sebelum dan Saat Pandemi Covid-19ada 2 (dua) lokasi rawan kecelakaan yang sama sedangkan 11 (sebelas) lokasi rawan yang lainnya berbeda. Pada Jalur B Tol Cikopo Palimanan Sebelum dan Saat Pandemi Covid-19ada 1 (satu) lokasi rawan kecelakaan yang sama sedangkan 14 (empat belas) lokasi rawan yang lainnya berbeda. Dari hasil penelitian dapat disimpulkan bahwa ada perbedaan pada parameter lokasi rawan kecelakaan dan tingkat kecelakaan lalu lintas, sedangkan tingkat fatalitas kecelakaan lalu lintas tidak ada perbedaan antara sebelum pandemi Covid-19 dan pada saat pandemi covid 19. Berdasarkan Analisis (Hazard Identification Risk Assesment) infrastruktur jalan tol diperoleh Nilai Risiko terjadinya kecelakaan lalu lintas di jalan tol Cikopo – Palimanan tertinggi yaitu pada jalur A STA 75+700, 82+100, 90+900, 100+700, 111+500, 114+300, 123+800, 151+300,153+500, 164+700 pada jalur B STA 74+100, 185+000.Kata kunci: Lokasi Rawan, Komparasi, Sebelum dan Saat Covid-19
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Prayitno, Gunawan, Wara Indira Rukmi, and Muhammad Iqbal Ashari. "Assessing the social factors of place dependence and changes in land use in sustainable agriculture: Case of Pandaan District, Pasuruan Regency, Indonesia." Journal of Socioeconomics and Development 4, no. 1 (February 17, 2021): 8. http://dx.doi.org/10.31328/jsed.v4i1.1720.
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Times have led to changes in land functions and changes in environmental psychology's social, economic, and environmental aspects. Within Pandaan sub-district, there is a main road linking Surabaya and Malang to the road hierarchy as a national arterial road, and the Gempol-Pandaan toll road has changed the function of agricultural land, particularly in Durensewu and Plintah Village. This study aims to determine the land conversion that occurs in the Pandaan District by knowing the place dependence and the relationship between the place dependence and the residents' decision to change land use. The analytical method used is the analysis of land-use change, the analysis of place dependence, and the relationship between place dependence and land-use change. Based on the results of the analysis, it is known that there is an indirect and positive relationship between place dependence and land-use change in the Pandaan District and that one of the dimensions of place dependence is environmental quality. The decision to change the land is connected to sustainable agriculture.JEL Classification: R11; R52; Q15
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Dwiputri, Inayati Nuraini, Linda Seprillina, and Ermita Yusida. "The Effect of the Operational Exit Tolls on the Welfare of the Local Community." Signifikan: Jurnal Ilmu Ekonomi 11, no. 1 (February 14, 2022): 73–82. http://dx.doi.org/10.15408/sjie.v11i1.22108.
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Infrastructure is a part of accelerating economic growth. Theconstruction of toll roads can provide positive and negative impacts.The existence of toll roads can reduce transportation and productioncosts, which will increase domestic and international marketefficiency. However, the construction of toll roads is feared can killsmall businesses. Studies of the effect of operational exit tolls onwelfare are still limited in Indonesia. This study was conductedto identify the impact of toll roads on community welfare in thePandaan-Malang exit tolls area. Using paired t-test and the clusteranalysis method showed that the positive and negative impacts oftoll roads construction on the community in the exit tolls area arevaried for each cluster. This study can be used as the basis forformulating policies for communities affected by operational exit tolls,in particular. Creating new economic centers in the exit tolls based onlocal uniqueness can minimize the negative impacts on communities.How to Cite:Dwiputri, I.N., Allo, A.G., Yusida, E. & Seprillina, L. (2022). The Effect of the Operational Exit Tolls on the Welfare of the Local Community. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 73-82. https://doi.org/10.15408/sjie.v11i1.22108.
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Recky, Pattiasina Jefry. "Total Solution For Smart Traffic and Toll Roads Management in Indonesia." Devotion : Journal of Community Service 3, no. 2 (December 14, 2021): 149–63. http://dx.doi.org/10.36418/dev.v3i2.119.
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The Ministry of Public Works and Public Housing has the task of carrying out government affairs in the field of public works and public housing to assist the President in administering the state government. One of the mandated functions in carrying out this task is to formulate and implement policies in the field of road administration in accordance with the provisions of laws and regulations, including the regulation of toll roads in Indonesia in accordance with Government Regulation No. 15 of 2005 concerning Toll Roads. The toll road is one of the vital means needed to increase efficiency in public services, logistics and industry which leads to economic efficiency. According to data released by the World Bank in 2019, losses due to traffic jams in Indonesia amounted to USD 4 billion, equivalent to an estimated IDR 56 trillion, more than that due to queuing at toll gates there is potential for losses for all business entities. To
overcome this problem, Indonesia is preparing to implement a non-stop (touchless) toll payment system on the Multi Lane Free Flow (MLFF) system using RFID-based ETC (Electronic Toll Collection) Total Solution technology and the transaction process is carried out through a special application that can be accessed from the Internet. Integrate all departments with an IoT (Internet of thing) system. This payment system can eliminate the GTO function of toll entry and exit gates. In addition, the MLFF system using RFID-based ETC will recognize and identify vehicles and users. In addition to the RFID-based ETC system to increase the productivity and effectiveness of traffic management on toll roads, maintenance of toll roads and bridges is also very vital, therefore detecting road surface damage directly using sensors, CCTV cameras and UAV unmanned aerial vehicles. (Unmanned Aerial Vehicle) which has the advantages of high.
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Putra, Hutomo. "KEBIJAKAN PEMBANGUNAN TOL LAUT DAN POTENSI DAMPAKNYA PADA POTENSI TINGGALAN KAPAL ASING BERSEJARAH YANG KARAM DI WILAYAH PERAIRAN INDONESIA." Paradigma, Jurnal Kajian Budaya 9, no. 1 (April 12, 2019): 43. http://dx.doi.org/10.17510/paradigma.v9i1.263.
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The construction of sea toll roads is one of the manifestations of President Jokowi’s superior program for strengthening Indonesia’s identity as a maritime country and to develop Indonesia as a whole from west to east. The necessity for sea toll road construction aims to improve the distribution of goods and trade commodities, particularly for the purpose of balancing the economic gap between the western and eastern regions of Indonesia. On the other hand, the construction of sea toll roads could possibly have an impact on archaeological objects, especially the remains of historic shipwrecks that have sunk and spread in several Indonesian territorial waters. Moreover, some of these remains are located on or adjacent to sea lane paths which will indirectly be affected by the deepening of the program in the context of the sea toll road construction. This paper aims to disseminate information about the tangible proofs of Indonesian cultural richness and long maritime history that have not been fully revealed and are threatened by potential damage and destruction if no necessary action is taken. Most importantly, this paper attempts to propose a strategy for constructing sea toll roads by taking into account the use and preservation of potential historical shipwreck remains which are still scattered in several territorial waters of Indonesia.
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Marpaung, Grace Natalia, Etty Soesilowati, Yozi Aulia Rahman, Yustiko Arvan Gilang Pangestu, and Tania Wicaksana. "Socioeconomy Conditions After The Development of Toll Roads in Salatiga." Economics Development Analysis Journal 10, no. 1 (March 9, 2021): 86–95. http://dx.doi.org/10.15294/edaj.v10i1.40966.
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In Central Java, one of supporting factors of regional economic growth viewed from regionalfacilities and infrastructures is toll road facilities. Transjawa toll road is a network that connectsseveral cities in Java. Particularly, this toll road connects two biggest cities in Indonesia, namelyJakarta and Surabaya in which Salatiga is also one of cities traversed by this toll. This ±1.000 kmtoll road continues the previous toll roads that have existed, including Merak – Cikampek, Jakarta– Bandung, Semarang – Bawen, and Surabaya – Pandaan. Despite the positive impacts, Transjawatoll road also gives negative impacts for local communities. Thus, this study aimed (1) to find outthe socioeconomic condition of farmers after Transjawa toll road construction in Salatiga and (2)to find out the socioeconomic condition of Micro, Small, and Medium Enterprises (MSMEs) afterTransjawa toll road construction in Salatiga. This study used qualitative and quantitative datataken from from 30 main respondents. The construction of transjawa toll road in Salatiga regionbrings good effects. It was proved by the better condition of socioeconomic and income of farmersand MSME doers in Salatiga region after the construction of this toll road.
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Ramadhanti, D. T., R. H. Karsaman, and S. S. Wibowo. "Study of Hybrid Annuity Model on Indonesia Toll Road." IOP Conference Series: Earth and Environmental Science 1065, no. 1 (July 1, 2022): 012035. http://dx.doi.org/10.1088/1755-1315/1065/1/012035.
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Abstract Indonesia strives for toll road connectivity to push the high logistics costs and lead to economic growth. However, the expansion of toll road construction on a large-scale has cost much money. So, an innovative funding scheme must be developed to attract the private to invest in those projects. Hybrid Annuity Model is a new public-private partnership developed by the Government of India in 2016 to reduce concessionaires’ risk on toll road project funding. This study aimed to examine the compatibility of the Hybrid Annuity Model implementation on Indonesia toll road. The analysis was carried out through financial feasibility and sensitivity analysis on Serang – Panimbang toll road as the object study. Moreover, a survey was conducted to know the stakeholders’ perception of this funding scheme implemented in Indonesia. The results showed that Hybrid Annuity Model could give financial feasibility on Serang – Panimbang toll road under any changes of traffic volumes, toll fares, discount rates, investment costs, investment return period, and the investment proportion between the Government and the concessionaires. From stakeholders’ perspective, Hybrid Annuity Model could be implemented on Indonesia toll roads, especially those which were not financially feasible and located in rural areas. Furthermore, it needed some improvements and supporting regulations to be more suitable applied on Indonesia toll road.
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CHYRKOVA, Yuliia, and Yuliia MAKAROVA. "Toll roads in Ukraine: current realities and international management experience." Economics. Finances. Law, no. 6/1 (June 30, 2021): 17–22. http://dx.doi.org/10.37634/efp.2021.6(1).4.
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The paper is devoted to the analysis of the current situation with toll roads, which are built on the basis of concession agreements in Ukraine, as well as prospects for increasing the number of quality roads with toll roads, which, in turn, attract investors. The paper examines the main conditions for the construction of new roads (reasonable establishment of time parameters of construction, financial support, in particular with the involvement of national and foreign investments, monitoring compliance with quality standards of construction, etc.); features of formation of payment for use of public roads on the terms of concession. It is also traced what are the problematic aspects of the construction of toll roads in Ukraine in modern economic realities. To find ways to solve the identified problems, an analysis of the construction of toll roads on the basis of concessions in some foreign countries. Two systems for payment of toll plots used by leading European countries are analyzed, thus providing themselves with the highest rating indicators on road quality. As a result, the advantages of using European methods of financing road construction were assessed and conclusions were made on the prospects for the implementation of toll plots in Ukraine. Special attention is also paid to the condition of roads and possible ways of financing. In the course of the research it was clear that one of the most effective methods of raising funds is to improve the legal framework for the construction of roads under concession conditions and to improve and enhance the financial attractiveness of toll road projects in Ukraine. Some of the legislation has been significantly improved since 2018, the paper refers to many regulations governing the construction of public roads. The paper shows some excerpts from the legislation on the maximum fee for the use of toll public roads on the basis of concession agreements. It is also indicated which areas on the territory of Ukraine may be paid and some list of vehicles that can move freely on the territory without paying for travel. Also, based on all the data of the paper, a general conclusion is made about the feasibility and effectiveness of the concession for financing.
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Junaedi, T. "Forecasting of Freight Demand Transportation (Case Study in Lampung Province, Indonesia)." IOP Conference Series: Materials Science and Engineering 1232, no. 1 (March 1, 2022): 012008. http://dx.doi.org/10.1088/1757-899x/1232/1/012008.
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Abstract Forecasting the volume of freight has a significant importance for future decisions for the entire economy, as well as its individual participants. The transportation of goods between Sumatra and Java using the highway mode that accumulate with local transportation will greatly burden roads in Lampung province. This research was conducted to predict the pattern and amount of movement of goods in the future. The modelling is conducted for the plan period up to 20 years based on growth predictions of geographical, social, economic and traffic flow. This study conducted a process of Sequential Demand Model (Planning Model 4 stages) by using software Transplan Version 8. Transportation patterns in 2040 is predicted will be dominated by continuous trips with domination of movement from Java to South Sumatra, or otherwise. Both the transportation between internal zones and external zone to internal zone have a significant increase. The most strategic main line freight in Lampung for today and in the future is along the Bakauheni-South Sumatra and Bengkulu-South Sumatra both through toll roads, national roads, and railways.
Dissertations / Theses on the topic "Toll roads Economic aspects Indonesia"
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Sapkota, Virginia A. "Welfare implications of nonidentical time valuations under constrained road pricing policies : analytical studies with corridor and urban-wide networks." UWA Business School, 2004. http://theses.library.uwa.edu.au/adt-WU2005.0006.
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The goal of the research is to devise an equitable road pricing system which would leave the majority of routes free of tolls, so that low income people would suffer no cash loss although they would probably suffer loss of time. The aims of the dissertation are twofold. The first is to provide a numerical analysis of how urban commuters with differing abilities to pay would respond to additional road user charges. The welfare implications of such differential responses are examined and their policy implications analysed. The second aim is to develop a practical framework to model congestion pricing policies in the context of heterogeneous users. To achieve these aims, the following objectives have been set: (a) Using a simple network with two parallel competing routes, determine both welfare maximising and revenue maximising tolls under the constraint that only one route can be priced. In this setting, determine the allocation of traffic between the alternative routes, the efficiency gain, the revenue, the changes in travel cost and the distributional effects. (b) Establish a realistic model of an actual urban area to examine the impacts of selectively tolling congestible routes. As in the simple network case, assess the effects of toll policy on traffic distribution, network efficiency, revenues, and the welfare of the individual consumer and society. (c) Evaluate whether the non-identical treatment of users will enhance the acceptability of congestion pricing as a transport policy. Results from the simulations indicate that non-identical treatment of drivers? responses to toll charges provides better understanding of the differential impacts of various pricing policies. Allowing for heterogeneity in time valuation provides a better assessment of the efficiency of pricing policies and of the welfare impacts of toll charges, as it is able to capture their differential effects. More importantly, it shows that low-income commuters may not be significantly worse off with pricing especially when there is a free alternative route. This research demonstrates the need to adopt appropriate analytical techniques and assumptions when modelling the traffic equilibrium in a network with tolls. These include relaxing the homogeneity assumption, examining sensitivity to supply function parameter values and to the effect of vehicle operating cost, and using a route rather than link based measure of consumer surplus
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Muvirimi, Nyasha. "Application of value for money assessment in public-private partnerships in the road transport sector : a case of the N4 (East) toll road." Thesis, Stellenbosch : Stellenbosch University, 2012. http://hdl.handle.net/10019.1/95586.
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Thesis (MDF)--Stellenbosch University, 2012.ENGLISH ABSTRACT: The purpose of this research was to understand how value for money (‘VfM’), an important decision pillar in public procurement, is applied in South Africa, and compare the VfM regulated framework with other global practices in the United Kingdom, Canada, Australia, Singapore and Hong Kong. VfM is applied when deciding the most appropriate procurement method that utilises public funds in the most cost effective, equitable and transparent manner. Although VfM is vital in the public sector, it is one of the most misunderstood and controversial procurement aspects. The various actors in public procurement processes tend to complicate this key aspect due to their conflicting objectives in relation to a given project. Chief among these are the political influences on the public managers, which tend to manipulate the procurement choice. Consequently over the years, the VfM assessments performed before selecting a procurement method have not been publicly available, thereby increasing concern on whether VfM is achieved, particularly when involving the private sector through public-private partnership (‘PPP’) arrangements. The study explores the various components of VfM, which are the public sector comparator, risk allocation mechanisms, particularly for the road sector projects, discount rates and post project implementation monitoring systems. More importantly, the research analysed how these various aspects were assessed on procuring the N4 toll road. South African National Road Agency SOC Limited (‘SANRAL’), although it did not have the benefit of a PPP guideline as is the case now, it performed extensive feasibility studies and held a transparent procurement process before selecting the private sector party to the PPP. Interestingly, project that was pre-identified as a PPP procurement model and had political support from both the Mozambique and South African governments from inception in order to make it work. The comparative analysis of the South African PPP framework and the selected global PPP markets revealed that the local VfM guidelines were comparable in most aspects such as the PSC construction and risk management methodologies. However, the South African practices could be further improved with increased transparency incorporated in the procurement process such as the publication of the PPP contract once finalised – a practice common in the developed markets analysed. This will go a long way to increasing acceptance of the PPP procurement model in a market that is tainted with mistrust of same. There is need for the civil servants to be trained on the VfM assessment processes so that such analyses are not limited to PPP-type projects, but to conventionally-procured infrastructure projects for increased accountability and effective use of public funds.
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Naude, C. M. (Clifford Marnetz) 1965. "The financing of a nonpure public good : the case of roads." 1996. http://hdl.handle.net/10500/15583.
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This dissertation is concerned with the financing of roads in terms of public finance economic
theory. The theory of public goods is applied to the case of roads and it is concluded that
roads possess significant elements of privateness and are therefore nonpure public goods.
Given that roads are nonpure public goods, and that the market for roads has natural
monopoly characteristics, it is proposed that user charges have a role to play in the financing
of roads. Road user charging techniques such as licence fees, fuel levies, tolls, area licensing,
parking charges and weight-distance charges are evaluated. The advantages of user charging
versus tax earmarking and general fund financing are examined. A road financing system for
South Africa is proposed, whereby National roads are financed by user charges, and
Provincial and Local roads are financed partly by user charges and partly by general taxes.Economics and Management Sciences
Thesis (M.Com.)--University of South Africa, 1996.
Books on the topic "Toll roads Economic aspects Indonesia"
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Committee, South Carolina Dept of Transportation Interstate Toll. Interstate Toll Committee report. [Columbia, S.C.]: South Carolina Department of Transportation, Interstate Toll Committee, 1997.
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New York State Thruway Authority. The new, New York Thruway development program: Helping to build a stronger New York economy. [Albany, N.Y.?: The Authority, 1988.
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Çakır, Tufan. Türkiye'de kamu ekonomisince üretilen karayolları hizmetlerinde fayda-maliyet analizi tekniğinin uygulanabilirliği. Eskişehir [Turkey]: T.C. Anadolu Üniversitesi Sosyal Bilimler Enstitüsü, 1999.
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Round Table on Transport Economics (118th 2000 Paris, France). Report of the Hundred and Eighteenth Round Table on Transport Economics held in Paris on 30th November-1st December 2000 on the following topic: Tolls on interurban road infrastructure : an economic evaluation. Paris, France: Economic Research Centre, European Conference of Ministers of Transport, 2002.
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Lewis, Nigel C. Road pricing: Theory and practice. 2nd ed. London: Thomas Telford, 1994.
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Road pricing: Theory and practice. London: Thomas Telford, 1993.
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United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Water Resources, Transportation, and Infrastructure. Congestion pricing and infrastructure financing: Hearing before the Subcommittee on Water Resources, Transportation, and Infrastructure of the Committee on Environment and Public Works, United States Senate, One Hundred Second Congress, first session, March 21, 1991. Washington: U.S. G.P.O., 1991.
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Harmon, Oskar R. Assessing the impact of the New York State Thruway on New York State's business climate. Albany, N.Y: Rockefeller Institute of Government, 1991.
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European Conference of Ministers of Transport. Economic Research Centre., ed. Report of the hundred and eighteenth Round Table on Transport Economics held in Paris on 30th November-1st December 2000 on the following topic: Tolls on interurban road infrastructure : an economic evaluation. Paris, France: Economic Research Centre, European Conference of Ministers of Transport, 2002.
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Road pricing: Theory and practice. 2nd ed. London: Thomas Telford, 1994.
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Bagus Wiranatakusuma, Dimas. "Development Strategies towards a Reputable International Program: Special Focus at International Program for Islamic Economics and Finance, Universitas Muhammadiyah Yogyakarta." In Education at the Intersection of Globalization and Technology. IntechOpen, 2021. http://dx.doi.org/10.5772/intechopen.94322.
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Internationalization is unevitable in the midst of globalization era. Higher education, not exception, must welcome the internationalization agenda by setting up some strategic programs and approaches through various and innovative internationalization activities. Universitas Muhammadiyah Yogyakarta (UMY) is one of premier universities in Indonesia which is continuously committed to promote internationalization agenda, shown by the setting up the long term roadmap to internationalization. Technically, the internationalization process is executed by some international programs, such as International Program for Islamic Economics and Finance (IPIEF) which structurally is under department of economics, faculty of economics and business. In consonant with internationalization, IPIEF refers to stipulated vision and mission by department of economics, which is in line with university’s road map, namely to move as a reputable international program. Practically, IPIEF has set some programs which indicate some serious efforts and commitments which is based on integration between Islamic and conventional values in its curriculum. Surely, the integration intends to cover the notion that internationalization is not merely to equip students and staffs with pragmatic-based aspect, but also value-based aspect. A set of international instruments are developed which are divided into five separated pillars and buffered by some activities within its respective pillars. Finally, IPIEF proposes a masterplan as a raw model consists of standardized business models, including input, process, and output, tied with solid vision and mission. In turn, internationalization agenda is expected not only as a showcase of university agenda as part of international community, but also as a tool to promote impacts in community at large.