Review of Indonesian Economic and Business Studies (RIEBS)

LIVING BEYOND $2 A DAY: HOW INDONESIA HAS PROGRESSED

Irlan Adiyatma Rum — 2016-12-30

Using data from a long-term series of household surveys and more information on regional variations in the living costs of the poor, and on inflation, we estimated the proportion of people living on less than $2 a day (2005 PPP). We found that for the period from 1990 to 2012, the incidence of poverty, that is, for those who subsist on less than $2 a day, has been declining at an average rate of 2.2 per cent per year and were down to 36.5 per cent in 2012. The rate of the decline over ten years from 2002 to 2012 (the Reformasi era) has been faster (2.9 per cent a year) than during the pre-Reformasi era, that is, from 1990 to 1996 (1.4 per cent a year). This is in contrast to a rather slower rate of the decline in the incidence of poverty shown by the national poverty line during the Reformasi era, when it was only 0.65 per cent a year. We also found that poverty, using the $2 poverty standard, has been more prevalent among informal labor and agricultural workers. The difference between the rates of poverty, using the $2 a day measure, between formal and informal labor was larger during the Reformasi era, a sign that the welfare of informal labor has lagged. During Reformasi, economic growth led to more inequality of income compared with the years before Reformasi and this economic growth did not advance the lot of the poor. This conclusion applies to the poor defined as those living below national poverty line and to those living on less than $2 a day.

Transforming Business Incubators to Science and Technology Parks: A Review of Programs at the Science Technology Park LIPI

Susirani Kusumaputri — 2016-12-30

A technology transfer process increases research capacity so that inventions can be used by communities and industries. In Indonesia, the Centre for Innovation LIPI, as a technology transfer office, does this by instituting incubators. The Indonesian government create science and technology parks (STP) as facilitators of a knowledge infrastructure. Incubators have become a core element of STP programs to encourage development. This paper describes the development of business incubators and technology in STPs. This is a qualitative study that reviews the activities involved in technology transfer. The study discusses transforming business incubators to science and technology parks in an interactive technological environment in STP LIPI, which acts as anintermediary for commercialization.

PATENT VALUATION ON ORGANIC COMPOSITE BOARD FOR VERTICAL GARDEN IN CIBINONG SCIENCE AND TECHNOLOGY PARK (CSTP)

Adityo Wicaksono — 2016-12-30

One of Science and Technology Park core business is commercialisation of patent. Regarding this, STP must have the capability to calculate proper value of its patents. This study try to implement income based approach valuation because in many case, this is the most suitable approach for government institutions include Cibinong Science and Technology Park. Patent of organic composite board for vertical garden is being used as a case study. Estimated income was calculated using Discounted Cash Flow Method, meanwhile Porterâ€™s 5 force analysis gives an overview of the business nature. The calculation showed that Nett Present Value of the business reached Rp. 1.317.668.561. License fee was calculated using rules of 25% from EBIT percentage compared to revenue, and the result is Rp. 114.000.000. Royalti fee set in high rate (4%) because the analysis showed that the business nature is conducive. The accumulation of expected royalty will be Rp. 1.201.200.000.

Keywords: Patent valuation, Income based approach, Commercialisation, Cibinong Science and Technology- Park