Charting a Course on the Islamic Finance Ocean： A Survey of Islamic Insurance Literatures

The number of Muslim literates in Islamic finance and conventional finance, particularly Islamic insurance, has grown tremendously, so has the number of academic and professional articles, books, and other monographs published in Islamic insurance profession. Despite Islamic insurance uniqueness based on Islamic values and philosophies, its emancipation aimed to compete or eradicate the conventional insurance at both academic and professional levels. Those monographs that were intended to replace their conventional insurance counterpart have triggered endless debates among stakeholders on their authenticity and quality of knowledge and as well challenged their authors＇ authorities. Therefore, with content analysis, this survey verified whether the Islamic insurance literatures were capable of producing well-seasoned professionals of lslamic insurance. The results showed that the disputes over the available literatures might have contributed to the failure of having a standard curriculum for teaching Islamic insurance as a profession in academic at national and international levels. Review of the literatures and curriculum was recommended.     

Interregional Inequalities in Indonesia: A Sectoral Decomposition Analysis for 1975–92

In this paper we examine interregional income inequalities in Indonesia from 1975 to 1992, Williamson's weighted coefficient of variation is used to measure interregional income inequality. We also perform a sectoral decomposition analysis to investigate the extent to which industrial sectors contribute to the overall weighted coefficient of variation. One major finding is that, although interregional income inequality remained fairly stable in non-mining GDP during the study period, it has undergone a significant change in structure. The contribution of the tertiary sector to inequality, though still dominant, has gradually declined. The secondary sector, meanwhile, is playing an increasingly important role, reflecting its growing share of GDP. Inequality is much smaller in consumption expenditure than in non-mining GDP. Its consistently high levels in fixed capital formation reflect the uneven distribution of investments over space in Indonesia.     

The Indonesian Petroleum Industry: Current Problems and Future Prospects∗

The world price of oil weakened during 1985 and fell sharply in the first few months of 1986. This paper discusses the balance of payments and budget implications of these trends and looks at the long term future of Indonesia 's oil and gas sector. Issues analysed in detail include contractual arrangements with foreign companies, exploration activities, and developments in marketing, pricing and refining. The paper concludes with a discussion of natural gas developments.

     

尼日利亚不同地区反刍动物市场定价行为研究

本文对尼日利亚牛羊市场的空间价格一体化程度进行了检验，试图运用双变量自回归时间序列模型验证寡头垄断市场上牛羊价格的非竞争性定价行为。论文分别对牛羊市场的合谋、歧视性、价格领袖和竞争性定价行为进行了经验性检验。结论表明，在牛羊价格形成中，博尔诺（Borno）和索科托（Sokoto）州的牛羊价格领先于克里斯河（CrossRiver）、依莫（Imo）、卡诺（Kano）、拉各斯（Lagos）、尼日尔（Niger）和奥约（Oyo）州这些地方市场的价格。有关证据也支持共谋定价一般与市场的集中有关的判断。     

Re-incorporating usage situation in choice models: a base for future developments

Abstract

Understanding the consumer’s tendency to adopt new products is an ever-present essential for successful marketing campaigns. This paper presents the findings from two empirical studies that investigate the relationship between consumer innovativeness, price-prestige sensitivity, and need for emotion. A questionnaire survey was used to collect data in both studies from a sample of 668 respondents in two cities in England. The findings show that consumer innovativeness is determined by an individual’s sensitivity to price and their need for emotion. While innovative consumers are sensitive in relating price to prestige, this dispositional relationship varies across products. Furthermore, the findings suggest that enjoyment, which facilitates emotional openness and receptivity, influences innovative consumers to take the emotional route, besides the price-prestige route, to the adoption of new products. These findings have a number of important implications for marketers, particularly for the success of marketing campaigns targeted at innovative consumers who find enjoyment in using new products and are prestigiously sensitive to price.     

Spatial Patterns of Expenditure Inequalities in Indonesia: 1987, 1990 and 1993

This article investigates the contribution of inter-regional disparity to total national inequality in household expenditure, by decomposing national inequality into within- and between-province components. This is done by applying the Theil inequality decomposition technique to household expenditure data from the National Socio-Economic Survey. Whereas inter-provincial disparity accounted for 12–14% of total inequality among urban households and 7–8% among rural households, urban–rural disparity accounted for 22–24% of total national inequality. A Kuznets curve drawn according to the 1993 Susenas data indicates a peak inequality value of 0.27 (using Theil index T) when the share of urban households reaches 53.2%; this share is much larger than the actual 1993 urbanisation level of 32.1%. Further urbanisation is therefore likely to raise total inequality, even if other conditions remain stable.