jurnal lq dan shift share(perekonomian indonesia)
TRANSCRIPT
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
1/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO
PHLA]AD SH^EBMH >33?)>313
'MHDOAD SHDMHKA]ADLB@A]EBD QXB]EHD]MAD
PGEJ] PGA^H%
Ixgaiiam Amai, Phda Saixfe1
Xdezh~pe}ap Eplai Dhoh~e Pua~ej Gemaua}xllag Faka~}a
phdaRjhnxedCuagbb$`bi
ANP]^A@]
]gh ~hpha~`g jb~ }gep sash~ }bbk sla`h ed Pbx}g ]adoh~ado, }eih sh~ebm bj >33?)>313$ ]gh aei bj }gh p}xmu ep
}b mh}h~iedh }gh ~hoebdal lhamedo ph`}b~ bj Pbx}g ]adoh~ado ap }gh edjb~ia}ebd adm `bdpemh~a}ebdp ed
sladdedo h`bdbie` mhzhlbsihd}$ Ma}a xphm ed }gep p}xmu wap ph`bdma~u ma}a oa}gh~hm j~bi NSP, EdmbdhpeadNadk adm b}gh~ pbx~`hp$ Lb`a}ebd Qxb}ehd} 'LQ% adm Pgej} Pga~h a~h }bblp bj adalupep$ Lb`a}ebd Qxb}ehd}adalupep edme`a}hp6 1% `bdp}~x`}ebd, >% }~amh, gb}hl, adm ~hp}ax~ad}, 0%}~adpsb~}a}ebd adm `biixde`a}ebd, =%
nadk, jedad`h adm `b~sb~a}h, 8% ph~ze`hp a~h naph ph`}b~p ed }gh Pbx}g ]adoh~ado @e}u$ Pgej} Pga~h adalupepedme`a}hp }ga} }gh `bish}e}ezh ph`}b~p a~h `bdp}~x`}ebd adm `biixde`a}ebd$
Khuwb~mp6 Lb a}ebd Qxb}ehd} 'LQ%, Pgej} Pga~h, Mhzhlbsihd}, Lhamedo Ph`}b~
SHDMAGXLXAD
Shinadoxdad sama gakeka}dua amalag xpaga xd}xk ihd es}akad
khphfag}h~aad ~akua}$ Me Dhoa~a Dhoa~a nh~khinado shinadoxdad lhneg
mejbkxpkad sama shinadoxdad hkbdbie, gal ede mephnankad }h~famedua
kh}h~nhlakadoad hkbdbie$ Shinadoxdad me nemado hkbdbie masa} ihdmxkxdo
shd`asaead }xfxad a}ax ihdmb~bdo sh~xnagad sh~xnagad a}ax shina~xad
nemado khgemxsad laeddua 'Vxgae~ad, >3136:3%$
Palag pa}x edme`a}b~ khnh~gapelad shlakpadaad shinadoxdad uado masa}
mefamekad }blak xkx~ ph`a~a iak~b amalag sh~}xinxgad hkbdbie$ Sh~}xinxgad
hkbdbie amalag phnaoead ma~e sh~khinadoad khphfag}h~aad iapua~aka} uado
mexkx~ mhdoad nhpa~dua sh~}xinxgad s~bmxk mbihp}e` ~hoebdal n~x}b sh~ kase}a
'SM^N sh~ kase}a% 'Va~ep, 157?67>%$ ]edooedua }edoka} sh~}xinxgad hkbdbie
uado me}xdfxkkad mhdoad }edooedua delae SM^N ihdxdfxkkad nagwa mah~ag
}h~phnx} ihdoalaie khiafxad malai sh~hkbdbiead$ Akad }h}ase, ihpkesxd
1 Iagapepwa Phihp}h~ ZEE, fx~xpad Elix Hkbdbie P}xme Shinadoxdad$ ]h~me~ema~e kbdphd}~ape hkbdbie pua~eag mad hkbdbie shinadoxdad
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mailto:[email protected]:[email protected] -
7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
2/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
mhiekead }hlag meoxdakad phnaoae edme`a}b~ shinadoxdad, sh~}xinxgad hkbdbie
iapeg nh~peja} xixi mad nhlxi ihd`h~iedkad khiaisxad iapua~aka} ph`a~a
edmezemxal$ Sh~}xinxgad hkbdbie pxa}x mah~ag masa} me`h~iedkad ma~e SM^N,
naek a}ap mapa~ ga~oa uado nh~lakx a}axsxd a}ap mapa~ ga~oa kbdp}ad$
SM^N a}ap mapa~ ga~oa uado nh~lakx me iada delae ma~e SM^N }h~phnx}
iapeg meshdoa~xge blhg }edoka} edjlape$ Phmadokad SM^N a}ap mapa~ ga~oa kbdp}ad
me iada delae SM^N pxmag }emak meshdoa~xge blhg }edoka} edjlape$
Nad}hd phnaoae palag pa}x s~bzedpe uado mhka} mhdoad enxkb}a Faka~}a
ihdfamekaddua pxa}x mah~ag uado ihda~ek phnaoae nagad shdhle}ead$ Mhdoad lxap
welauag phlxap 5$::>,5>ki> S~bzedpe ede ihieleke fxilag shdmxmxk uado
}h~oblbdo `xkxs naduak uakde phnhpa~ 13$:0>$1:: fewa, daixd feka melega} phkelap
kbdmepe ede lhneg naek menadmedokad s~bzedpe MKE Faka~}a uado ihieleke lxap
welauag uado lhneg kh`el 'gadua ::=,31ki>% mhdoad fxilag shdmxmxk phnaduak
5$:3?$?7? fewa$
Sh~}xinxgad hkbdbie s~bzedpe Nad}hd phlaia sh~ebmh >33?)>313
ihdoalaie khdaekad 'phsh~}e uado }h~lega} sama }anhl 1$1%$
Ma~e }anhl }h~phnx} masa} melega} nagwa sama }agxd >33? }b}al SM^N a}ap
mapa~ ga~oa kbdp}ad uado meieleke blhg Nad}hd amalag uado }h~hdmag menadmedo
sh~ebmh laeddua mad }agxd >313 ih~xsakad sh~ebmh mhdoad }b}al SM^N }h~}edooe
menadmedokad mhdoad sh~ebmh phnhlxidua$ Sama }agxd >33? }b}al SM^N uado
meieleke blhg Nad}hd amalag phnhpa~ ^s$ :8$3=:$??8,?7 fx}a me iada edmxp}~u
shdoblagad ih~xsakad ph`}b~ }h~nhpa~ shduxinado SM^N mad ph`}b~
sh~}ainadoad mad shdooalead ih~xsakad ph`}b~ mhdoad kbd}~enxpe }h~kh`el sama
sh~ebmh }h~phnx}$ Mad sama }agxd >313 }b}al SM^N Nad}hd amalag phnhpa~ ^s$
?:$03?$333 fx}a mhdoad kbd}~enxpe }h~}edooe mepxinado blhg ph`}b~ edmxp}~u madshdoblagad phmadokad ph`}b~ mhdoad kbd}~enxpe }h~hdmag amalag ph`}b~
sh~}ainadoad mad shdooalead$ Ede ihdxdfxkkad nagwa ma~e }agxd >33?)>313
}hlag }h~fame shdedoka}ad sama SM^N S~bzedpe Nad}hd ihpkesxd }emak }h~fame
sh~xnagad p}~xk}x~ hkbdbie sama s~bzedpe Nad}hd$
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
3/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
]anhl 1$1 S~bmxk Mbihp}ek ^hoebdal N~x}b A}ap Mapa~ Ga~oa Kbdp}ad >333 Ihdx~x}
Lasadoad Xpaga S~bzedpe Nad}hd >33? >313
Pxinh~6 NSP, S~bzedpe Nad}hd ]agxd >33? >313 'meblag%Kh}$ Malai pa}xad fx}a
&%6 Adoka Phihd}a~a
Mhdoad menh~lakxkaddua XX Db$ >> ]agxd 1555 }hd}ado Shih~ed}ag
Mah~ag, mad XX Db$ >8 ]agxd 1555 }hd}ado Sh~einadoad Khxadoad Ad}a~a
Shih~ed}ag Sxpa} mad Mah~ag$ Uado sama sh~faladadddua meoad}e ihdfame XX Db$
0> mad XX Db$ 00 ]agxd >33=, iaka shih~ed}agad mah~ag me Edmbdhpea ihieleke
khwhdadoad uado phlxap)lxapdua malai shlakpadaad shih~ed}agad mad
shdoa}x~ad khxadoad mah~agdua iapedo)iapedo$ Mhdoad mhiekead, sh~}xinxgad
mah~ag mega~askad ihdfame lhneg bs}eial mad iaisx ihdox~adoe mepsa~e}ap uado
}h~fame ad}a~a mah~ag$
Nh~kae}ad mhdoad gal }h~phnx}, Kb}a ]adoh~ado Phla}ad ih~xsakad phnxag
kb}a uado }h~nhd}xk ka~hda }h~famedua shihka~ad ma~e welauag phnhlxidua
'welauag Kanxsa}hd ]adoh~ado%$
0
Phk}b~ >33? >337 >335 >313&
Sh~}adead 8$>=>$083,=7 8$=37$7:1,?0 8$:=1$533,83 8$5?=$333Sh~}ainadoad*
Shdooalead
:5$>5>,?? ?5$181,1> 53$158,81 57$333
Edmxp}~e
Shdoblagad
01$=5:$?81,?8 0>$>>8$3?8 0>$?3?$801,>: 00$??5$333
Lep}~ek, Oap *
Ae~ Nh~peg
>$:>5$871,0> >$738$?5>,83 >$5>>$8=5,37 0$>73$333
Nadoxdad 1$773$>?0,5= >$313$077,8: >$>3=$8>0,=1 >$0:3$333
Sh~maoadoad,
Gb}hl, *
^hp}b~ad
1>$733$733,7: 1=$>3>$55:,83 18$1>?$517,>: 1:$>??$333
Shdoadokx}ad* Kbixdekape
8$?73$8:5,50 :$>33$:?8,01 :$7??$17?,:1 ?$?15$333
Khxadoad,
Sh~phwaad, *
Fapa Sh~xpagaad
>$107$3:1,?? >$=75$7?8,?7 >$7>>$8:3,15 0$31=$333
Fapa fapa 0$335$35>,5: 0$073$350,85 0$:0:$?8=,73 0$73:$333
]b}al SM^N
AMGK
:8$3=:$??8,?? :7$73>$513,03 ?>$301$1>3,:1 ?:$03?$333
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
4/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
Sh~}xinxgad hkbdbie me kb}a ]adoh~ado Phla}ad phlaia kx~xd wak}x
nhnh~asa }agxd }h~akge~ ede phlalx ihdoalaie khdaekad, walaxsxd khdaekad e}x
}emak peodejekad$ Kbdmepe }h~phnx} masa} melega} ma~e }anhl 1$>$
]anhl 1$>
S~bmxk Mbihp}ek ^hoebdal N~x}b
A$M$G Kbdp}ad >333 Ihdx~x} Lasadoad Xpaga
]agxd >33? ) >313 'Fx}a ^xseag%
Phk}b~]agxd
>33? >337 >335 >313
Sh~}adead =?$3?5 =:$71:,18 =?$85>,5> =7$:08,5?
Sh~}ainadoad
*Shdooalead
1$151 1$157,?> 1$00:,?= 1$058,=:
Edmxp}~e Shdoblagad 737$?>= 7>>$?50,78 70:$80=,81 783$750,:>
Lep}~ek, Oap * Ae~
Nh~peg
170$135 17:$0=7,:3 15=$8=:,>5 >3=$01>,=3
Nadoxdad >57$??5 008$>0>,>5 0??$?05,?8 =>:$?>=,15
Sh~maoadoad, Gb}hl, *
^hp}b~ad
1$0>1$350 1$=58$?53,73 1$:03$=87,>= 1$?53$>80,7>
Shdoadokx}ad *
Kbixdekape
=>3$5?= =:1$833,71 8>=$?>8,55 85?$=5>,5:
Khxadoad, Sh~phwaad,
* Fapa Sh~xpagaad
=88$>57 810$053,=: 8?8$8?:,:8 :8:$==>,71
Fapa fapa :0>$:80 :5?$=0=,73 ?85$088,73 73>$>:8,5?
Kb}a ]adoh~ado
Phla}ad
=$1:7$533 =$8:3$83:,83 =$5=?$7::,75 8$0?7$=1?,15
Pxinh~6 NSP Sxpa}, meblag
S~bmxk Mbihp}ek ^hoebdal N~x}b 'SM^N% a}ap mapa~ ga~oa kbdp}ad >333
Kb}a ]adoh~ado Phla}ad sama }agxd >33? amalag phnhpa~ ^s$=$1:7$533 fx}a,
mhdoad fxilag shdmxmxk sh~}hdoagad }agxd >33? ihd`asae 1$3=>$:7> b~ado$
Sh~khinadoad SM^N Kb}a ]adoh~ado Phla}ad `hdmh~xdo ihdxdfxkkad
shdedoka}ad ma~e }agxd kh }agxd mhiekead fxoa mhdoad SM^N sh~ kase}a$
Lafx sh~}xinxgad SM^N kb}a ]adoh~ado Phla}ad mepxinado blhg 5
'phinelad% ph`}b~, uae}x6 sh~}adead; sh~}ainadoad mad shdooalead; edmxp}~u
shdoblagad; lep}~ek, oap, mad ae~ iedxi; nadoxdad mad kbdp}~xkpe; sh~maoadoad,
gb}hl, mad ~hp}b~ad; adokx}ad mad kbixdekape; nadk mad lhinaoa khxadoad
laeddua; fapa)fapa$
Phk}b~ Sh~}adead }h~naoe ihdfame 8 'leia% pxnph`}b~, uae}x6 '1% Pxnphk}b~
]adaiad Sadoad, '>% Pxnphk}b~ ]adaiad Sh~khnxdad, '0% Pxnphk}b~ Sh}h~dakad
=
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
5/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
mad gapel)gapeldua, '=% Pxnphk}b~ Khgx}adad mad Sh~nx~xad, mad '8% Pxnphk}b~
Sh~ekadad$
Phk}b~ Sh~}ainadoad mad Shdooalead }h~me~e ma~e = 'hisa}%, uae}x6 '1%
Pxnphk}b~ shdooalead }adag x~xo, '>% Pxnphk}b~ Shdooalead ]adag Lea}, '0%
Pxnphk}b~ Shdooalead ]adag Kasx~, '=% Pxnphk}b~ Shdooalead Na}x Kale mad
]adag Kasx~$
Phk}b~ Edmxp}~e mad Shdoblagad }h~me~e ma~e 0 '}eoa% pxnph`}b~, uae}x6 '1%
Pxnphk}b~ edmxp}~u nhpa~"phmado, '>% Pxnphk}b~ edmxp}~u kh`el, mad '0% Pxnphk}b~
edmxp}~u ~xiag }adooa$
Phk}b~ Lep}~ek, Oap, mad Ae~ Nh~peg }h~me~e ma~e > 'mxa%, uae}x6 '1% Pxnphk}b~
Lep}~ek, mad '>% Pxnphk}b~ Ae~ Iedxi$
Phk}b~ Sh~maoadoad }h~me~e ma~e 0 '}eoa%, uae}x6 '1% Pxnphk}b~ Sh~maoadoad
nhpa~ mad h`h~ad, '>% Pxnphk}b~ ~hp}b~ad mad ~xiag iakad, '0% Pxnphk}b~ gb}hl
mad akbibmape laeddua$
Phk}b~ Adokx}ad mad Sh~gxnxdoad }h~me~e ma~e 0 '}eoa%, uae}x6 '1%
Pxnphk}b~ adokx}ad ma~a}, '>% Pxnphk}b~ fapa shdxdfado adokx}ad, mad '0%
Pxnphk}b~ sbp mad }hlhkbixdekape$
Phk}b~ Lhinaoa Khxadoad, Sh~phwaad mad fapa sh~xpagaad }h~me~e ma~e 0
'}eoa%, uae}x6 '1% Pxnphk}b~ nadk mad lhinaoa khxadoad nxkad nadk, '>% pxnph`}b~
phwa nadoxdad, mad '0% pxnph`}b~ sh~xpagaad$
Nh~mapa~kad ma}a SM^N }agxd >33?)>313 uado }h~lega} sama }anhl 1$>,
}h~lega} nagwa p}~xk}x~ hkbdbie Kb}a ]adoh~ado Phla}ad membiedape blhg phk}b~
lasadoad xpaga sh~maoadoad, gb}hl, mad ~hp}b~ad mad edmxp}~u shdoblagad$ Phk}b~
laed uado fxoa ihinh~ekad kbd}~enxpe `xkxs nhpa~ amalag fapa)fapa, nadk,
sh~phwaad mad fapa sh~xpagaad, mad shdoadokx}ad mad kbixdekape$ Hisa} phk}b~laed iapedo)iapedo ihinh~ekad kbd}~enxpe me nawag 13($
P}~xk}x~ hkbdbie }h~phnx} ihdxdfxkkad nagwa sh~hkbdbiead ]adoh~ado
Phla}ad membiedape blhg phk}b~ }h~peh~, uae}x shdoadokx}ad mad kbixdekape;
sh~maoadoad gb}hl mad ~hp}b~ad; fapa)fapa; mad nadk, sh~phwaad mad fapa
sh~xpagaad mad phk}b~ phkxdmh~ 'edmxp}~e shdoblagad; lep}~ek, oap mad ae~ nh~peg;
mad kbdp}~xkpe% ihinh~ekad kbd}~enxpe 57(, mad phk}b~ s~eih~ 'sh~}adead;
8
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
6/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
sh~}ainadoad mad shdooalead% gadua ihinh~ekad kbd}~enxpe kx~ado ma~e >($ Feka
melega} kh`hdmh~xdoad phfak }agxd >33? gedooa }agxd >313, phk}b~ s~eih~
ihdoh`el kbd}~enxpedua ph`a~a peodejekad phmadokad phk}b~ phkxdmh~ mad }h~peh~
ihdedoka} kbd}~enxpedua$
Feka ihinadmedokad }b}al SM^N S~bzedpe Nad}hd mad Kb}a ]adoh~ado
Phla}ad }agxd >33? a}ap mapa~ ga~oa kbdp}ad, ke}a masa} ihlega} nagwa delae
SM^N Kb}a ]adoh~ado Phla}ad lhneg kh el menadmedokad mhdoad delae SM^N
S~bzedpe Nad}hd$ Gal ede ihinh~e adooasad nagwa S~bzedpe Nad}hd lhneg iakix~
mad phfag}h~a menadmedokad mhdoad Kb}a ]adoh~ado Phla}ad$ Me iada Nad}hd
ihieleke Edmxp}~e Shdoblagad phnaoae ph }b~ mhdoad kbd}~enxpe }h~nhpa~
phmadokad Kb}a ]adoh~ado Phla}ad ihieleke ph`}b~ Sh~maoadoad, gb}hl mad
~hp}b~ad phnaoae xfxdo }binakdua$
Nh~mapa~kad la}a~ nhlakado me a}ap iaka masa} meemhd}ekape
sh~iapalagaddua amalag phnaoae nh~ekx}6
1$ Phk}b~ phk}b~ asakag uado ihdfame ph`}b~ napep mad dbd napep malai
sh~hkbdbiead Kb}a ]adoh~ado Phla}ad$
>$ Naoaeiadakag sh~xnagad phk}b~ sh~hkbdbiead kb}a ]adoh~ado
Phla}ad sama sh~ebmh >33?)>313$
0$ Phk}b~ ph`}b~ hkbdbie iadakag uado sb}hdpeal xd}xk lhneg
mekhinadokad phnaoae shdxdfado sh~}xinxgad hkbdbie me Kb}a
]adoh~ado Phla}ad$
LADMAPAD ]HB^E
]hb~e Amai Pie}g
Malai }hb~e klapek Amai Pie}g malai Sx~wadedopeg '>3356>=%
ihdua}akad nagwa palag pa}x ja`}b~ uado ihdhd}xkad sh~}xinxgad hkbdbie
amalag sh~khinadoad shdmxmxk$ Fxilag shdmxmxk uado nh~}ainag akad
:
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
7/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
ihish~lxap sadopa sapa~, mad sh~lxapad sapa~ akad ihdedoka}kad pshpealepape
malai sh~hkbdbiead }h~phnx}$ Lhneg ladfx}, pshpealepape akad ihdedoka}kad
s~bmxk}eze}ap }hdaoa kh~fa phgedooa ihdedoka}kad xsag mad khxd}xdoad$ Mhdoad
mhiekead, s~bphp sh~}xinxgad akad }h~xp nh~ladopxdo paisae phlx~xg pxinh~
maua }h~iadjaa}kad$
]hb~e Mazem ^e`a~mb
Phihd}a~a e}x Mazem ^e a~mb malai Sx~wadedopeg '>3356>=%,
ihdohixkakad sadmadoad uado nh~nhma mhdoad Amai Pie}g$ Ihdx~x}dua,
sh~khinadoad shdmxmxk uado nh~falad `hsa} sama akge~dua akad ihdx~xdkad
khinale }edoka} sh~}xinxgad hkbdbie kh }a~aj uado ~hdmag$ Sbla sh~}xinxgad
hkbdbie ihdx~x} ^e`a~mb nh~awal ma~e fxilag shdmxmxk ~hdmag mad pxinh~ maua
alai uado ~hla}ezh ihleisag$
]hb~e Khudhp
Khudhp ihlega} sh~}xinxgad malai kbdmepe fadoka shdmhk mad
ihdua}akad nagwa shdmasa}ad }b}al ih~xsakad jxdope ma~e shkh~faad }b}al pxa}x
Dhoa~a$ Phiaked nhpa~ zblxih shkh~faad uado megapelkad, phiaked nhpa~
shdmasa}ad dapebdal uado mesh~blhg, mhiekead fxoa phnalekdua$ Zblxih shkh~faad
}h~oad}xdo sama sh~ied}aad hjhk}ej$ Sh~ied}aad hjhk}ej me}hd}xkad sama }e}ek paa}
ga~oa sh~ied}aad ao~hoa} paia mhdoad ga~oa shdawa~ad ao~hoa}$ Khudhp fxoa
ihdua}akad xd}xk ihdfaied sh~}xinxgad hkbdbie uado p}anel shih~ed}ag sh~lx
ihdh~askad khnefakad jep`al mad khnefakad ibdh}h~ ph~}a shdoawapad ph`a~a
ladopxdo$
]hb~e Napep Hkbdbie 'H`bdbie` Naph ]ghb~u%
Malai ibmhl napep hkbdbie medua}akad nagwa ja`}b~ shdhd}x x}aia
sh~}xinxgad hkbdbie pxa}x mah~ag khxd}xdoad kbish}e}ej uado nh~gxnxdoadladopxdo mhdoad sh~ied}aad na~ado mad fapa ma~e lxa~ mah~ag$ Nh~mapa~kad }hb~e
ede sh~hkbdbiead pxa}x welauag menaoe ihdfame mxa uae}x ph`}b~ napep mad ph`}b~
dbd napep$ Phk}b~ napep amalag ph`}b~ uado ihdfame }xlado sxdooxdo
sh~hkbdbiead mah~ag ka~hda ihisxduae khxd}xdoad kbish}e}ej uado `xkxs
}edooe, phgedooa iaisx ihdohkpsb~ na~ado mad fapa kh lxa~ na}ap)na}ap
sh~hkbdbiead welauag uado nh~padokx}ad$ Phmadokad ph`}b~ dbd napep
?
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
8/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
ih~xsakad khoea}ad)khoea}ad uado ihduhmeakad na~ado mad fapa xd}xk ihihdxge
khnx}xgad b~ado)b~ado uado nh~}hisa} }edooal me malai na}ap)na}ap
sh~hkbdbiead welauag }h~phnx}$ Phk}b~ dbd napep ede nh~jxdope phnaoae ph`}b~
shdxdfado ph`}b~ napep napep a}ax ph~ze`h edmxp}~ehp 'Pfaj~eval, >337%$
Ibmhl Ed}h~~hoebdal Ed`bih
Sh~lxapad ma~e ibmhl napep hkpsb~ masa} melakxkad mhdoad ihiapxkkad
xdpx~ gxnxdoad hkbdbie ad}a~ welauag uado mekhdalEd}h~~hoebdal Ed`bih Ibmhl
uado mekhinadokad blhg Ga~~u _$ ^e`ga~mpbd '15?7%$ Nh~nhma mhdoad Ibmhl
Napep Hkpsb~, uado ihdoapxipekad hkpsb~ phnaoae hbohdbxp za~eanlh, iaka
malai ibmhl ed}h~~hoebdal ede, hkpsb~ meapxipekad phnaoae ja`}b~ uado nh~ama
malai pup}hi 'hdmbohdbxp za~eanlh% uado me}hd}xkad blhg sh~khinadoad
khoea}ad sh~maoadoad ad}a~ welauag$ Phladfx}dua, khoea}ad sh~maoadoad ad}a~
mah~ag }h~phnx} menaoe a}ap na~ado kbdpxipe mad na~ado ibmal$ Me paisedo e}x,
aoa~ adalepep ihdfame lhneg ~halep}ep, iaka sama ibmhl ad}a~ ~hoebd ede
meiapxkkad sxla xdpx~ shih~ed}ag uado me}aiselkad malai nhd}xk shdh~eiaad
mad shdohlxa~ad shih~ed}ag mah~ag ph~}a khoea}ad edzhp}ape phpxae mhdoad s~edpes
]hb~e Hkbdbie Khudhp 'Pfaj~eval, >337650%
]hb~e Ga~~bm Mbia~ malai Pep}hi ^hoebdal
]hb~e ede mekhinadokad blhg ^bu J$ Ga~~bm '15=7% me Edoo~ep mad Hzphu M$
Mbia~ '158?% me Aih~eka Ph~eka}$ Nh~nhma mhdoad Khudhp uado ihlega}
sh~hkbdbiead malai fadoka shdmhk, }hb~e ede ihlega} ma~e pepe fadoka sadfado
uado memapa~kad nhnh~asa apxipe6
1% Sh~hkbdbiead nh~peja} }h~}x}xs
>% Gap~a} ihdanxdo 'ISP 9 p% amalag kbdp}ad
0% S~bphp s~bmxkpe ihieleke kbhjhpehd uado }h}as=% ]edoka} sh~}xinxgad adoka}ad kh~fa amalag kbdp}ad mad paia mhdoad }eioka}
sh~}xinxgad shdmxmxk$
A}ap mapa~ apxipe)apxipe }h~phnx}, Ga~~bm)Mbia~ ihinxa} adalepep mad
ihdueisxlkad nagwa sh~}xinxgad fadoka sadfado uado iad}as 'phlx~xg
khdaekad s~bmxkpe masa} meph~as blhg sapa~% gadua nepa }h~`asae asanela }h~shdxge
pua~a})pua~a} khpheinadoad phnaoae nh~ekx} 6
7
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
9/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
Kh}h~adoad 6
o 9 O~bw}g '}edoka} sh~}xinxgad bx}sx}
k 9 @ase}al'}edoka} sh~}xinxgad ibmal%
d 9 }edoka} sh~}xinxgad adoka}ad kh~fa
Aoa~ }h~fame khpheinadoad ad}a~a }anxdoad 'P% mad edzhp}ape 'E% ga~xp
}h~masa} kae}ad uado paledo ihduheinadokad, samagal sh~ad k xd}xk
ihdogapelkad }ainagad s~bmxkpe me}hd}xkad blhg z '~apeb ibmal bx}sx}%$
']a~eoad, >33?6=5%
S~bmxk Mbihp}ek ~hoebdal N~x}b 'SM^N%
Palag pa}x edmeka}b~ iak~b hkbdbie uado shd}edo xd}xk ihdoh}agxe kbdmepe
hkbdbie me pxa}x mah~ag sama pxa}x sh~ebmh }h~}hd}x amalag S~bmxk Mbihp}ek
^hoebdal N~x}b 'SM^N%$ Ihdx~x} Namad Sxpa} P}a}ep}e '>3116>% SM^N
ih~xsakad fxilag delae }ainag uado megapelkad blhg phlx~xg xde} s~bmxkpe malai
pxa}x welauag }h~}hd}x a}ax ih~xsakad fxilag delae na~ado mad fapa akge~ uado
megapelkad blhg phlx~xg xde} hkbdbie$
Sh~ge}xdoad SM^N ihdooxdakad mxa ia`ai ga~oa, uae}x SM^N a}ap mapa~
ga~oa kbdp}ad mad SM^N a}ap mapa~ ga~oa nh~lakx$ SM^N a}a mapa~ ga~oa kbdp}ad
mege}xdo mhdoad ihdooxdakad ga~oa }h}as sama pxa}x }agxd }h~}hd}x phnaoae
mapa~"~hjh~hdpe$ Phmadokad SM^N a}ap mapa~ ga~oa nh~lakx mege}xdo mhdoad
ihdooxdakad ga~oa }agxd nh~falad$ SM^N a}ap mapa~ nh~lakx ihdooaina~kad
delae }ainag na~ado mad fapa$
Ama }eoa shdmhka}ad uado meoxdakad malai sh~ge}xdad SM^N, uae}x6
a$ Shdmhka}ad s~bmxkpe, uae}x fxilag delae na~ado mad fapa akge~ uado megapelkadblhg phlx~xg xde} s~bmxkpe"phk}b~ malai pxa}x welauag sama pxa}x sh~ebmh
}h~}hd}x 'neapadua pa}x }agxd%$
n$ Shdmhka}ad shdohlxa~ad, uae}x fxilag phixa kbisbdhd sh~ied}aad akge~ me
pxa}x welauag, malai fadoka wak}x }h~}hd}x$ Kbisbdhd sh~ied}aad akge~
ihlesx}e6 shdohlxa~ad kbdpxipe ~xiag }adooa, shdohlxa~ad kbdpxipe lhinaoa
5
o 9 k9 d,
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
10/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
pwap}a de~lana, shdohlxa~ad kbdpxipe shih~ed}ag, shinhd}xkad ibmal }h}as
mbihp}ek n~x}b, sh~xnagad edzhd}b~e"p}bk, mad hkpsb~ dh}b$
`$ Shdmhka}ad shdmasa}ad, uae}x fxilag phixa nalap fapa uado me}h~eia blhg
jak}b~)jak}b~ s~bmxkpe uado meoxdakad malai s~bphp s~bmxkpe me pxa}x welauag
malai fadoka wak}x }h~}hd}x$ Kbisbdhd nalap fapa jak}b~ s~bmxkpe uado
meiakpxm amalag6 xsag mad oafe, phwa }adag, nxdoa ibmal, mad khxd}xdoad$
Phixa kbisbdhd }h~phnx} phnhlxi mesb}bdo safak shdogapelad mad safak
ladopxdo laeddua$
Adalepep Pgej})Pga~h
Adalepep Pgej} Pga~h ih~xsakad }hkdek uado padoa} nh~oxda malai
ihdoadalepep sh~xnagad p}~xk}x~ hkbdbie mah~ag menadmedodkad mhdoad
sh~hkbdbiead dapebdal$ ]xfxad adalepep ede phdme~e amalag xd}xk ihdhd}xkad
kedh~fa a}ax s~bmxk}eze}ap kh~fa sh~hkbdbiead mah~ag mhdoad ihinadmedokadua
mhdoad mah~ag uado lhneg nhpa~ '~hoebd"dapebdal%$
Adalepep edeihinh~ekad ma}a }hd}ado kedh~fa sh~hkbdbiead malai 0 nemado
uado nh~gxnxdoad pa}x paia laed uae}x 'A~puam, >33>6105)1=3%6
a$ Sh~}xinxgad hkbdbie mah~ag mexkx~ mhdoad `a~a ihdoadalepep sh~xnagad
ao~hoa} ph`a~a phk}b~al menadmedokad mhdoad sh~xnagad sama phk}b~ uado paia
me sh~hkbdbiead uado mefamekad a`xad$
n$ Sh~hph~ad s~bsb~pebdal 's~bsb~}ebdal pgej}% ihdoxkx~ sh~xnagad ~hla}ej
sh~}xinxgad a}ax shdx~xdad sama mah~ag menadmedokad mhdoad sh~hkbdbiead
uado uado lhneg nhpa~ xd}xk mefamekad a`xad$ Mhdoad mhiekead masa} mekh}agxe
asakag sh~hkbdbiead mah~ag }h~kbdphd}~ape sama edmxp}~e)edmxp}~e uado
}xinxg lhneg `hsa} ma~esama sh~hkbdbiead uado mefamekad a`xad$
Sh~hohph~ad mejh~hdpeal 'mejjh~hd}eal pgej}% meoxdakad xd}xk ihdhd}xkadphnh~asa nhpa~ maua paedo edmxp}~e mah~ag mhdoad sh~hkbdbiead uado mefamekad
a`xad$
P}xme Hise~ep
Shdhle}ead ihdohdae ph`}b~ napep }hlag melakpadakad blhg nhnh~asa shdhle}e
phnhlxidua mad sama xixidua shdhle}ead uado pxmag melakxkad ihdooxdakad
adalepep LQ mad pgej} pga~h$ Me iada sh~nhmaad shdhle}ead ede mhdoad shdhle}ead
13
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
11/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
phnhlxidua amalag sama sh~ebmh uado me}hle}e, lbkape shdhle}ead, mad ala} adalepep
uado meoxdakad$
Amasxd shdhle}ead uado melakxkad phnhlxidua phnaoae nagad ~xfxkad
shdhle}ead ede amalag phnaoae nh~ekx}6
Ixgaiiam Azh~~bhp Jamlad'>311% malai pk~espedua uado nh~fxmxl
Adalepep Sb}hdpe Sh~}xinxgad Hkbdbie me S~bzedpe Laisxdo Sh~ebmh >33=)>335
'Adalepep Lb`a}ebd Qxb}ehd}mad Pgej} Pga~h%, ihdfhlapkad }hd}ado sh~}xinxgad
hkbdbie pxa}x ph`}b~ sh~hkbdbiead uado }h~fame me pxa}x welauag akad
nh~maisak }h~gamas sh~}xinxgad ph`a~a Dapebdal$
Ma}a uado mesh~oxdakad amalag ma}a phkxdmh~ nh~xsa SM^N S~bzedpe
Laisxdo a}ap mapa~ ga~oa nh~lakx$ Gapel shdhle}eaddua ihdhixkad nagwa
}h~masa} pxnph`}b~ xdooxlad uado masa} meefamekad kbibme}ap hkpsb~ mad fxoa
uado ihdoalaie sh~}xinxgad `hsa}, uae}x pxnph`}b~ sh~khnxdad uado ihdfame
sb}hdpe xdooxlad ma~e S~bzedpe Laisxdo walaxsxd iapeg me nawag ma~e Pxnphk}b~
]adaiad Sadoad akad pxinadoaddua }h~gamas SM^N Phk}b~ Sh~}adead }h}ase
ihinxk}ekad nagwa Pxnphk}b~ Sh~khnxdad amalag pa}x)pa}xdua Pxnphk}b~ uado
masa} nh~paedo mhdoad Pxnphk}b~ laeddua malai pxinadoad }h~gamas Dapebdal$
Mad Pxnphk}b~ laeddua iapeg nh~sb}hdpe xd}xk me}edoka}kad me malai S~bzedpe
Laisxdo phdme~e$
Vxgae~ad U$ Uxdad'>313% malai fx~daldua uado nh~fxmxl Adalepep
Shdhd}xad Phk}b~ Xdooxlad Sh~hkbdbiead _elauag Kb}aiamua ]adoh~ado
Phla}ad Mhdoad Shdmhka}ad Phk}b~ Shinhd}xk SM^N, }xfxad ma~e shdhle}ead ede
amalag shih`agad iapalag mhdoad sh~lx amadua khiaisxad me nemado hkbdbie
me mah~ag adalepep, mhdoad sbsxlape amalag SM^N phk}b~al kb}a ]adoh~ado Phla}ad
mad S~bsedpe Nad}hd uado mege}xdo nh~mapa~kad ga~oa kbdp}ad }agxd >333$ Ma}auado meoxdakad ih~xsakad ma}a phkxdmh~, mhdoad ihdooxdakad ih}bmh adalepep
uae}x AdalepepLb`a}ebd Qxb}ehd}'LQ% ph~}aAdalepep Pgej} Pga~h$
Shdhle}ead uado melakxkad ihdueisxlkad nagwa ph`}b~ nadk; khxadoad;
sh~xpagaad ih~xsakad ph`}b~ napep uado ihieleke edmhkp }h~nhpa~ menadmedokad
mhdoad ph`}b~ napep laeddua mad ihinh~ekad delae pxinadoad }h~}edooe malai
sh~khinadoad SM^N kb}a ]adoh~ado Phla}ad$ Phk}b~ napep laeddua uado }emak
11
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
12/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
kalag shd}edo mhdoad kh}eoa ph`}b~ napep me a}ap amalag ph`}b~ sh~maoadoad, gb}hl,
~hp}b~ad; ph`}b~ shdoadokx}ad mad kbixdekape; mad ph`}b~ lep}~ek, oap, mad ae~
nh~peg$ Phlaed e}x khhdai ph`}b~ }h~phnx} fxoa ih~xsakad ph`}b~ napep hkbdbie
uado nh~sb}hdpe ihdedoka}kad sh~}xinxgad hkbdbie welauag kb}a ]adoh~ado
Phla}ad ka~hda ihieleke delae LQ lhneg ma~e pa}x$ Gapel adalepep Pgej} Pga~h
ihdxdfxkkad nagwa ph`}b~ uado ih~xsakad ph`}b~ kbish}e}ej, uae}x ph`}b~
nadoxdad; mad ph`}b~ shdoadokx}ad mad kbixdekape$
E~iad mad Ja`g~eval Na`g~e'>330%malai fx~daldua uado nh~fxmxl Adalepep
Sb}hdpe Phk}b~al Kanxsa}hd Laga} S~bzedpe Pxia}h~a Phla}ad$ ]xfxad shdhle}ead
amalag xd}xk ihdoh}agxe ph`}b~)phk}b~ hkbdbie uado sb}hdpeal xd}xk
mekhinadokad oxda ihia`x sh~}xinxgad hkbdbie me Kanxsa}hd Laga};
ihdho}agxe shdoa~xg ph`}b~)phk}b~ uado sb}hdpeal }h~phnx} }h~gamas shd`es}aad
khphisa}ad kh~fa; ihdoh}agxe nhpa~dua delae E@B^ Kanxsa}hd Laga}$ Ma}a
phkxdmh~ phnaoae ma}a uado meoxdakad malai shdhle}eaddua, me iada ma}a }h~phnx}
mesh~blhg ma~e edp}adpe }h~kae} phsh~}e Namad Sxpa} P}a}ep}ek, Kad}b~ P}a}ep}ek, Nadk
Edmbdhpea, mad pxinh~ laeddua uado nh~kae}ad mhdoad shdhle}ead$ Ma}a meadalepep
ihlalxe ih}bmh6 1% LQ, >% Adalepep Pgej} Pga~h, 0% @bnn)Mbxolap, =% Adalepep
E@B^$
Mhdoad gapel adalepep 1% LQ, }h~masa} hisa} ph`}b~ uado sb}hdpeal"xdooxl
uae}x ph`}b~ sh~}adead, ph`}b~ nadoxdad, ph`}b~ khxadoad, sh~phwaad mad fapa
sh~xpagaad mad ph`}b~ fapa)fapa$ >% Gapel adalepep Pgej} Pga~h, ph`}b~ hkbdbie uado
sb}hdpeal me Kanxsa}hd Laga} gadua }eoa ph`}b~ uae}x ph`}b~ edmxp}~u shdoblagad,
ph`}b~ nadoxdad mad ph`}b~ khxadoad, sh~phwaad mad fapa)fapa sh~xpagaad$ 0%
Gapel adalepep @bnn)Mbxolap, }h~dua}a shdedoka}ad delae s~bmxkpe ph`}b~ sh~}adead,
ph`}b~ nadoxdad mad ph }b~ fapa)fapa ihisxduae shdoa~xg sbpe}ej }h~gamasshdedoka}ad khphisa}ad kh~fa phmadokad ph`}b~ khxadoad, sh~phwaad mad fapa
sh~xpagaad ihisxduae shdoa~xg dhoa}ezh }h~gamas shd`es}aad khphisa}ad kh~fa$
=% Ma~e adalepep E@B^ }h~dua}a E@B^ Kanxsa}hd Laga} ph`a~a }b}al amalag
11,0>($
Davhle Amdad'>33=% malai fx~daldua uado nh~fxmxl Sb}hdpe Hkbdbie
Phk}b~al Kb}a Salhinado$ Shdhle}eaddua nh~}xfxad xd}xk ihdoadalepep ph`}b~)
1>
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
13/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
phk}b~ hkbdbie uado sb}hdpeal mad sh~xnagad p}~xk}x~ hkbdbie }h~gamas
sh~}xinxgad hkbdbie Salhinado$ Ma}a uado meoxdakad malai shdhle}ead ede
amalag ma}a phkxdmh~ uado mesh~blhg ma~e edp}adpe }h~kae} sh~ebmh 1550)>33>,
mhdoad ala} adalepep lb`a}ebd qxb}ehd}admpgej} pga~h$
Nh~mapa~kad adalepep LQ mekh}agxe nagwa }h~masa} :'hdai% ph`}b~ napep me
Kb}a Salhinado, uae}x ph`}b~ edmxp}~u shdoblagad, ph`}b~ sh~maoadoad, gb}hl mad
~hp}b~ad, ph`}b~ lep}~ek, oap mad ae~ nh~peg, ph`}b~ shdoadokx}ad mad kbixdekape,
ph`}b~ khxadoad, ph~}a ph`}b~ fapa)fapa$ Sh~}xinxgad hkbdbie me kb}a Salhinado
naduak me}hd}xkad blhg dapebdal pga~h$
_ale E$ Ibdmal'>313%, mhdoad shdhle}eddua uado nh~fxmxl Ad Adalupep bj
}gh edmxp}~eal mhzhlbsihd} sb}hdpeal bj Ialaupea6 A pgej} pga~h Ass~ba`g$ Ala}
adalepep uado meoxdakad amalag pgej} pga~h$ Mhdoad gapel shdhle}ead uado
ihdxdfxkkad nagwa Ialaupea ihisxduae ph`}b~ napep me welauag Klad}ad,
]h~hdoaddx, Sagbdo mad Fbga~ X}a~a me iada kh hisa} welauag }h~phnx}
ihisxduae ie edmxp}~u uado xdek menadmedokad mhdoad welauag laeddua uado
ama me Ialaupea, gal }h~phnx} memxkxdo mhdoad khkauaad alaidua uado ihleisag$
Sama phihdadfxdo Ialaupea kaua akad ph`}b~ sh~}adead mad ph`}b~ sh~ekadad,
phlaed e}x kbd}~enxpe ph`}b~ sa~ewepa}a ihieleke sh~adad shd}edo malai
sh~hkbdbiead Ialaupea$
IH]BMH SHDHLE]EAD
Ma}a uado meoxdakad malai p}xme ede amalag ma}a phkxdmh~, kgxpxpdua
uado nh~pxinh~ ma~e Shih~ed}ag Kb}a ]adoh~ado Phla}ad mad NSP Sxpa}$ Sh~ebmh
ma}a uado meoxdakad phnaoae adalepep sb}hdpe hkbdbie Kb}a ]adoh~ado Phla}ad,
uae}x }agxd >33?>313$ Ma}a phkxdmh~ ihlesx}e ma}a)ma}a S~bmxk Mbihp}ek^hoebdal N~x}b S~bzedpe Nad}hd a}ap mapa~ ga~oa kbdp}ad >333 ihdx~x} Lasadoad
Xpaga >33? >313 mad S~bmxk Mbihp}ek ^hoebdal N~x}b Kb}a ]adoh~ado Phla}ad
A$M$G Kbdp}ad >333 ihdx~x} Lasadoad Xpaga }agxd >33? >313$
Malai shdhle}ead ede fxoa mesh~lxkad paishl, me iada paishl uado
meiakpxm amalag kb}a ]adoh~ado Phla}ad mad uado ihdfame sbsxlape malai
shdhle}ead ede s~bzedpe Nad}hd$
10
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
14/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
Lb`a}ebd Qxb}ehd}
AdalepepLb`a}ebd Qxb}ehd}'LQ% meoxdakad xd}xk ihdhd}xkad ph`}b~ napep
mad dbd napep malai sh~hkbdbiead kb}a ]adoh~ado Phla}ad$ Asanela gapel
sh~ge}xdoadddua ihdxdfxkkad adoka lhneg ma~e pa}x 'LQ 4 1% nh~a~}e ph`}b~
}h~phnx} ih~xsakad ph`}b~ napep$ Phnalekdua, asanela gapeldua ihdxdfxkkad adoka
kx~ado ma~e pa}x 'LQ < 1% nh~a~}e ph`}b~ }h~phnx} nxkad ph`}b~ napep$ Xd}xk
ihdmasa}kad edmhkp LQ masa} melakxkad mhdoad mxa `a~a, uado sh~}aia amalag
mhdoad shdmhka}ad }hdaoa kh~fa mad uado khmxa amalag mhdoad shdmhka}ad delae
}ainag, jb~ixlapedua masa} melega} phnaoae nh~ekx}6
LQ 9 Le"L} 6 De"D}
me iada Le amalag Fxilag }hdaoa kh~fa ph`}b~ e welauag ~hdmag 'malai gal
ede kb}a ]adoh~ado Phla}ad%; L} amalag Fxilag }hdaoa kh~fa }b}al welauag ~hdmag;
De amalag Fxilag }hdaoa kh~fa ph`}b~ e welauag }edooe ' malai gal ede s~bzedpe
Nad}hd%; mad D} amalag fxilag }hdaoa kh~fa }b}al welauag }edooe$
LQ 9 Pe"P} 6 Ue"U}
me iada Pe amalag SM^N ph`}b~ e welauag ~hdmag; P} amalag SM^N }b}al
welauag ~hdmag; Ue amalag SM^N ph`}b~ e welauag }edooe; mad U} amalag SM^N
}b}al welauag }edooe$
Pgej} Pga~h
Adalepep PP meoxdakad xd}xk ihdoh}agxe s~bphp sh~}xinxgad hkbdbie
pxa}x mah~ag malai kae}addua mhdoad sh~hkbdbiead mah~ag a`xad uae}x welauag
uado lhneg lxap$ Xd}xk ihdoh}agxe s~bphp sh~}xinxgad hkbdbie pxa}x mah~ag
mhdoad ihdooxdakad adalepep PP meoxdakad za~eanhl shd}edo phsh~}e }hdaoa kh~fa,
shdmxmxk mad shdmasa}ad$
Sh~}xinxgad SM^N }b}al 'O% masa} mex~aekad ihdfame kbisbdhd Pgej}madkbisbdhd Pga~h, uae}x6
1% Kbisbdhd dapebdal Pga~h 'D% amalag naduakdua sh~}ainagad
SMN phadmaedua sh~}xinxgaddua paia mhdoad lafx sh~}xinxgad SM^N
S~bzedpe phlaia sh~ebmh uado }h~`akxs malai p}xme$
>% Kbisbdhd s~bsb~}ebdal Pgej} 'S%, ihdoxkx~ nhpa~dua dh} pgej}
welauag ~hdmag uado meakena}kad blhg kbisbpepe ph`}b~ ph`}b~ SM^N sama
1=
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
15/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
welauag ~hdmag uado nh~padokx}ad nh~xnag$ Asanela SF 4 3 a~}edua welauag
~hdmag uado nh~padokx}ad nh~pshpealepape sama ph`}b~ ph`}b~ uado sama
}edoka} welauag }edooe }xinxg ~hla}ezh `hsa} mad asanela SF < 3 nh~a~}e
welauag ~hdmag uado nh~pshpealepape sama ph`}b~ ph`}b~ uado me }edoka}
welauag }edooe sh~}xinxgaddua mhdoad laina} a}ax nagkad phmado }x~xd$
0% Kbisbdhd mejjh~hd}eal Pgej} 'M%, ihdoxkx~ nhpa~dua dh} pgej} uado
meakena}kad blhg ph`}b~ ph`}b~ }h~}hd}x uado }xinxg lhneg `hsa} a}ax lhneg
laina} me welauag ~hdmag menadmedokad mhdoad }edoka} welauag }edooe uado
mephnankad blhg ja`}b~ ja`}b~ lbkapebdal ed}h~d$ Mah~ag uado ihisxduae
khxd}xdoad lbkapebdal, phsh~}e pxinh~ maua uado naek akad ihisxduae
mejjh~hd}eal pgej} `bisbdhd} sbp}ej 'MF 4 3%, phnalekdua welauag ~hdmag uado
ph`a~a lbkapebdal }emak ihdoxd}xdokad akad ihisxduae mejjh~hd}eal pgej}
`bisbdhd} uado dhoa}ej 'MF< 3%$
Pgej} Pga~h6
Jb~ixlape PP masa} melega} phnaoae nh~ekx}6
OF 9 Uf} Ufb
9 'Df + Sf + Mf%
Df 9 Ufb 'U}"Ub% Ufb
'S+M%f 9 Uf} 'U}"Ub%Ufb
9 'Of Df%
Sf 9 e ['Ue}"Ueb% ) 'U}"Ub%YUefb
Mf 9 } [Uef} 'Ue}"Ueb%UefbY
9 'S + M%f Sf
me iada Of ih~xsakad sh~}xinxgad SM^N }b}al welauag ~hdmag; Df
ih~xsakad kbisbdhd pga~h me welauag ~hdmag; 'S+M%f ih~xsakad kbisbdhd dh}pgej} me welauag ~hdmag; Sf ih~xsakad s~bsb~}ebdal pgej} welauag ~hdmag; Mf
ih~xsakad mejjh~hd}eal pgej} welauag ~hdmag; Uf ih~xsakad SM^N }b}al kb}a
welauag ~hdmag; U ih~xsakad SM^N }b}al welauag }edooe; b,} ih~xsakad sh~ebmh
awal mad sh~ebmh akge~ sh~ge}xdoad; mad E ih~xsakad pxnpk~espe ph`}b~ 'pxnph`}b~%
sama SM^N$
18
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
16/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
GAPEL MAD SHINAGAPAD
Kb}a ]adoh~ado Phla}ad }h~lh}ak me naoead }eix~ S~bzedpe Nad}hd mad
ph`a~a amiedep}~a}ej }h~me~e ma~e ? '}xfxg% kh`aia}ad$ Sh~}aia, kh`aia}ad
Ph~sbdo$ Khmxa, kh`aia}ad Ph~sbdo X}a~a$ Kh}eoa, kh`aia}ad Ph}x$ Khhisa},
kh`aia}ad Saixlado, Khleia, kh`aia}ad @esx}a}$ Khhdai, kh`aia}ad @esx}a}
]eix~$Kh}xfxg, kh`aia}ad Sbdmbk A~hd$
Sh~hkbdbiead kb}a ]adoh~ado Phla}ad ph`a~a xixi pxmag ihdxdfxkkad
sh~hkbdbiead uado nh~oh~ak kh a~ag dbd ao~a~ep }h~nxk}e mhdoad ~hdmagdua
mbiedape ph`}b~ s~eih~$ Phk}b~ phkxdmh~ ihieleke kbd}~enxpe uado `xkxs }edooe,
nagkad ph`}b~ }h~peh~ padoa} mbiedad malai ihduxinado SM^N kb}a ]adoh~ado
Phla}ad phlaia sh~ebmh >33?)>313$
Ma~e pxinadoad ph`}b~)phk}b~ hkbdbie kb}a ]adoh~ado Phla}ad nela melega}
sh~khinadoaddua phlaia kx~xd wak}x >33?)>313, ph`}b~ sh~maoadoad, gb}hl, mad
~hp}b~ad ihieleke kbd}~enxpe }h~}edooe phmadokad ph`}b~ }h~hdmag mepxinado blhg
sh~}ainadoad mad shdooalead$ Ph`a~a xixi, ph`}b~)phk}b~ hkbdbie uado ama
phlaia sh~ebmh >33?)>313 me ]adoh~ado Phla}ad ihdoalaie shdedoka}ad kh`xale
ph`}b~ sh~}adead uado sama }agxd >337 phisa} ihdoalaie shdx~xdad$
Phk}b~ sh~}adead mad ph`}b~ sh~}ainadoad mad shdooalead ihinh~ekad
kbd}~enxpe ~hdmag ihdooaina~kad nagwa sbla khgemxsad iapua~aka} pxmag }emak
laoe ihdoadmalkad ph`}b~ sh~}adead, lagad uado ama lhneg meiadjaa}kad xd}xk
ihdme~ekad ~hp}b~ad, gb}hl, a}ax sxpa} sh~nhladfaad$ Phihd}a~a ph`}b~
sh~}ainadoad mad shdooalead ihdooaina~kad khamaad ohbo~aje uado phpxae, me
iada fxilag pxinh~ maua xd}xk iedh~al, ieduak mad oap nxie ~hla}ezh kh`el$
]anhl =$1
Gapel Sh~ge}xdoad Edmhkp Lb`a}ebd Qxb}ehd} 'LQ%
Kb}a ]adoh~ado Phla}ad ]agxd >33?)>313
Lasadoad Xpaga >33? >337 >335 >313^a}a)~a}a
Sh~}adead3$1=31>1
?>=3$10387>
3:53$1>>738
7:3$118838
0513$1>?
Sh~}ainadoad,Shdooalead
3$>:717137
3$>>7=70>?:
3$>18?8::=5
3$>3>3>0170
3$>>5
1:
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
17/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
Edmxp}~e Shdoblagad3$=33:>8
?813$078>3=
30?3$0?>007
??13$08?07:
:773$0?5
Lep}~ek, Oap, Ae~ Nh~peg1$37:=5=
1>01$33155>
1=3$5:5377
15:3$770?8>
?=>3$57800
17
Nadoxdad >$=?50>0?=1 >$818?3=1?> >$=5==73:07 >$8:80=1>5: >$81=&
Sh~maoadoad, Gb}hl,^hp}b~ad
1$:13>?:7=
1$87778:>88
1$8:530818:
1$8:3=81337
1$87>&
Shdoadokx}ad,kbixdekape
1$10:>75>7=
1$1>>7:=1>?
1$113?:5>57
1$357>33817
1$11?&
Khxadoad,Sh~phwaad,Fapa Sh~xpagaad
0$0>>:10>7
0$113?=3500
>$5:7:?1008
0$35330:335
0$1>0&
Fapa)fapa laed0$>73=8:
0800$11>5>=
?>00$305?15
10:>$553:3?
5>00$13:&
Nh~mapa~kad sh~ge}xdoad LQ me iada gapeldua me}xdfxkkad sama }anhl =$1
ihinh~ekad oaina~ad nagwa me kb}a ]adoh~ado Phla}ad sama }agxd >33?)>313
ph`a~a ~a}a)~a}a ihieleke 8 phk}b~ napep a}ax masa} meka}akad ihdoalaiae
shdx~xdad feka menadmedokad mhdoad sh~ebmh >33?)>335, me iada ]adoh~ado
Phla}ad sama sh~ebmh >33?)>335 ihieleke : phk}b~ napep 'Vxgae~ad >3136?1%$
Amasxd khleia ph`}b~ napep uado iapeg meieleke blhg kb}a ]adoh~ado
Phla}ad amalag 1% ph`}b~ nadoxdad, >% ph`}b~ sh~maoadoad, gb}hl, mad ~hp}b~ad, 0%
ph`}b~ shdoadokx}ad mad kbixdekape, =% ph`}b~ khxadoad, sh~phwaad, mad fapash~xpagaad, 8% ph`}b~ fapa)fapa laed$ Phmadokad ph`}b~ uado sama >313 pxmag }emak
laoe ihdfame ph`}b~ napep amalag ph`}b~ lep}~ek, oap, mad ae~ nh~peg$
Gapel }h~phnx} ihdooaina~kad nagwa ph`}b~)phk}b~ }h~phnx} ihinh~ekad
kbd}~enxpe uado naek }h~gamas shdedoka}ad sh~}xinxgad hkbdbie kb}a ]adoh~ado
Phla}ad, ka~hda khleia ph`}b~ }h~phnx} pxmag iaisx xd}xk ihihdxge khnx}xgad
uado ama me welauagdua mad padoa} ihixdoked xd}xk melakxkaddua hkpsb~ kh
welauag'mah~ag% uado laeddua$
Feka ke}a x~x}kad nh~mapa~kad edmhkp LQ }h~nhpa~, iaka akad mekh}agxe
nagwa ph`}b~ khxadoad, sh~phwaad, mad fapa sh~xpagaad ih~xsakad ph`}b~ napep
uado ihieleke edmhkp }h~nhpa~ menadmedokad ph`}b~ laeddua$
Sama x~x}ad khmxa mepxinado blhg ph`}b~ fapa)fapa laed uado ph`a~a ~a}a)
~a}a ihieleke edmhkp 0$13: a}ax nh~nhma phmeke} mhdoad ph }b~ khxadoad,
sh~phwaad, mad fapa sh~xpagaad$
1?
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
18/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
Meekx}e blhg ph`}b~ nadoxdad, ph`}b~ sh~maoadoad, gb}hl, mad ~hp}b~ad, mad
ph`}b~ shdoadokx}ad mad kbixdekape sama x~x}ad kh}eoa, khhisa}, mad khleia$
Ihdedoka}dua nhpa~ad delae LQ sama ph`}b~ nadoxdad ma~e }agxd kh }agxd
walax phisa} ihdoalaie shdx~xdad sama >335 ihdoedmekapekad nagwa }hlag
}h~fame shdedoka}ad shdmasa}ad sh~ kase}a phgedooa sh~ied}aad uado }h~fame sama
ph`}b~ }h~phnx} ihdedoka}$ Mee~edoe mhdoad sbpepe ohbo~ajep kb}a ]adoh~ado
Phla}ad uado nh~na}apad ladopxdo mhdoad s~bzedpe Faka~}a mad kb}a Nbob~ ph~}a
melalxe blhg falx~ lalx led}ap a~xp na~ado mad fapa ma~e Fawa ihdxfx Pxia}h~a
a}axsxd phnalekdua$ Ihdfamekad kb}a ]adoh~ado Phla}ad phnaoae kb}a pa}hle} uado
emhal, mad nh~maisak sama sh~}xinxgad uado `xkxs naek sama ph`}b~ ede$
Phihd}a~a ph`}b~)phk}b~ laed uado nxkad ih~xsakad ph`}b~ napep amalag
ph`}b~6 1% sh~}adead, >% sh~}ainadoad mad shdooalead, 0% edmxp}~u shdoblagad, =%
lep}~ek, oap mad ae~ nh~peg ka~hda ihieleke edmhkp LQ me nawag 1$ Khdua}aad
}h~phnx} phfalad mhdoad jak}a uado }h~fame me lasadoad, nagwa khhisa} ph`}b~
}h~phnx} nhlxilag phshdxgdua ihdfame ph`}b~ xdooxlad kb}a ]adoh~ado Phla}ad$
Phk}b~)phk}b~ }h~phnx} malai nh~s~bmxkpe nhlxi iaisx ihihdxge
khnx}xgad uado ama me welauagdua, nagkad ga~xp ihdoeisb~ ma~e lxa~ welauagdua
xd}xk shihdxgaddua$ Phk}b~ nxkad napep ede sh~lx ihdfame pb~b}ad kgxpxp aoa~
kh mhsaddua masa} menad}x mad mekhinadokad ihdfame ph`}b~ napep$
Xd}xk ihdoh}agxe }hd}ado sbla sh~}xinxgad hkbdbie a}ax p}~xk}x~
hkbdbie kb}a ]adoh~ado Phla}ad naek sh~ ph`}b~ iaxsxd ph`a~a khphlx~xgad masa}
melakxkad mhdoad adalepep pgej} pga~h$ Gapel sh~ge}xdoad pgej} pga~h masa} melega}
sama }anhl =$>
]anhl =$1
Gapel Sh~ge}xdoad Pgej} Pga~h Kb}a ]adoh~ado Phla}ad
]agxd >33?)>313
17
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
19/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
Delae mejjh~hd}eal pgej}'Mf% ph`}b~ sh~hkbdbiead kb}a ]adoh~ado Phla}ad
phlaia }agxd >33?)>313 ama uado sbpe}ej mad dhoa}ezh$ Me iada delae sbpe}ej,
nh~a~}e nagwa }h~masa} ph`}b~ hkbdbie kb}a ]adoh~ado Phla}ad }xinxg lhneg `hsa}
feka menadmedokad mhdoad ph`}b~ uado paia sama }edoka} S~bzedpe Nad}hd$
Phmadokad delae dhoa}ezh nh~a~}e ph`}b~ }h~phnx} }xinxg faxg lhneg laina} feka
menadmedokad ph`}b~ uado paia sama }edoka} S~bzedpe$ Nh~mapa~kad }anhl =$>
}h~masa} leia ph`}b~ mhdoad delae mejjh~hd}eal pgej} sbpe}ej, uae}x ph`}b~
sh~maoadoad, gb}hl, mad ~hp}b~ad mhdoad delae phnhpa~ 0=057$15$ Lalx meekx}e blhg
ph`}b~ nadoxdad phnhpa~ 1:378$?0, sama x~x}ad phladfx}dua me}hisa}e blhg ph`}b~
shdoadokx}ad mad kbixdekape mhdoad delae phnhpa~ 13==?$70, ph`}b~ khxadoad,
sh~phwaad, mad fapa sh~xpagaad fxoa ihieleke delae sbpe}ej, uae}x phnhpa~
:15?$1>=8?:, mad ph`}b~ fapa)fapa ihieleke delae phnhpa~ 113=$?8$
Khleia ph`}b~ }h~phnx} ih~xsakad ph`}b~)phk}b~ mhdoad sh~}xinxgad uado
`hsa}, phgedooa nh~sb}hdpe xd}xk mekhinadokad malai ihia`x sh~}xinxgad
kb}a ]adoh~ado Phla}ad$ Phmadokad khhisa} ph`}b~ uado laed, uae}x ph`}b~
15
Lasadoad Xpaga Of Df Sf Mf
Sh~}adead 817$55 >1?>$07:>7
)
181?>5$7>?0
)1878$:0873
0
Sh~}ainadoad,Shdooalead
:7$18000000
131$:?5??17
)=1:8$:3=>==
)7>$:070135
=
Edmxp}~e Shdoblagad 1=38:$8=08:8=$?1:3
0)
>:7=353$??=
)8=1?$77371
>
Lep}~ek, Oap, Ae~ Nh~peg ?3:?$71378=$131=
:)
:105::$:?=7)
?807$:8>57
Nadoxdad=>:=7$05::
? 15:35$>050)
115>05=$::01:378$?0??
7Sh~maoadoad, Gb}hl,^hp}b~ad 18:07:$5= 130750$:5?
)81=3703$:?>
0=057$15?1=
Shdoadokx}ad,kbixdekape
87705$:8000 >??57$?:5
)1:==508$8==
13==?$70=51
Khxadoad,Sh~phwaad,Fapa Sh~xpagaad :?3=7$>?
==051$>38:8
)1?5:8:>$0=1
:15?$1>=8?:
Fapa)fapa laed8:80?$:8::
?81500$7715
=)
>0585?=$575113=$?87?1
5
Fxilag =301?>$=>5:=35$:?:
=)
18:>=:81$3580:37$7=8>
>
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
20/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
sh~}adead, ph`}b~ sh~}ainadoad mad shdooalead, ph`}b~ edmpx}~e shdoblagad, mad
ph`}b~ lep}~ek, ae~ nh~peg, mad oap ihieleke delae mejjh~hd}eal pgej} uado dhoa}ezh,
phgedooa uado }h~fame amalag ph`}b~)phk}b~ }h~phnx} ihdoalaie sh~}xinxgad uado
laina}$
KHPEISXLAD
Nh~mapa~kad gapel mad shdoaia}ad uado pxmag melakxkad, iaka shdxlep
ihieleke khpeisxlad phnaoae nh~ekx}6
1$ Nh~mapa~kad gapel sh~ge}xdoad LQ mekh}agxe nagwa ph`}b~ nadk, khxadoad
mad fapa sh~xpagaad amalag ph }b~ napep mhdoad delae uado }h~}edooe
menadmedokad ph`}b~ uado laeddua$
>$ Phk}b~ laeddua uado fxoa masa} meka}hob~ekad phnaoae ph }b~ napep ka~hda
ihieleke delae LQ lhneg ma~e 1 amalag ph`}b~ nadoxdad, ph`}b~ sh~maoadoad,
gb}hl, mad ~hp}b~ad, ph`}b~ shdoadokx}ad mad kbixdekape, ph`}b~ fapa)fapa
laed$
0$ Phk}b~ lep}~ek, oap mad ae~ nh~peg sama }agxd >335 iapeg meka}hob~ekad ph`}b~
napep }h}ase sama >313 pxmag masa} meka}akad }emak ihdfame ph`}b~ napep me
kb}a ]adoh~ado Phla}ad$
=$ Gapel adalepep Pgej} Pga~h ihdxdfxkkad ph }b~ uado `xkxs kbish}e}ej, uae}x
1% ph`}b~ nadoxdad, >% ph`}b~ sh~maoadoad, gb}hl, mad ~hp}b~ad, 0% ph`}b~
shdoadokx}ad mad kbixdekape, =% ph`}b~ khxadoad, sh~phwaad, mad fapa
sh~xpagaad, 8% ph`}b~ fapa)fapa laed$
Malai ~adoka ihia`x sh~}xinxgad hkbdbie me kb}a ]adoh~ado Phla}ad,
mepa~adkad ke~adua ph`}b~)phk}b~ uado sh~lx ihdfame s~eb~e}ap xd}xk
mekhinadokad amalag61$ Ph`}b~ nadoxdad, ka~hda ph`}b~ ede ihieleke delae LQ lhneg ma~e 1'pa}x% mad
ihieleke delae mejjh~hd}eal pgej} uado sbpe}ej$ Me paisedo e}x, mhdoad
shdohinadoad ph`}b~ ede, mega~askad masa} ihdedoka}kad lasadoad kh~fa
naoe iapua~aka}$
>$ Ph }b~ sh~maoadoad, gb}hl, mad ~hp}b~ad, ka~hda ph`}b~ ede ihieleke delae LQ
lhneg ma~e 1'pa}x% mad ihieleke delae Mf uado sbpe}ej$
>3
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
21/22
ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
0$ Ph }b~ shdoadokx}ad mad kbixdekape, ka~hda ihieleke delae LQ 41 mad delae
Mf uado sbpe}ej$
=$ Ph`}b~ khxadoad, sh~phwaad, mad fapa sh~xpagaad, ka~hda ph }b~ ede
ihieleke delae LQ41 walaxsxd delae LQ }h~xp ihdoalaie shdx~xdad mad
delae Mf uado sbpe}ej$
8$ Ph`}b~ fapa)fapa laed, ka~hda ihieleke delae LQ41 mad fxoa ihdoalaie
shdx~xdad ph}eas }agxddua }h}ase delaedua iapeg `xkxs }edooe meekx}e mhdoad
delae Mf uado fxoa sbpe}ej$
:$ _alax kb}a ]adoh~ado Phla}ad ihieleke nhnh~asa ph`}b~ uado }h~oblbdo
ph`}b~ napep }h}ase ph`}b~)phk}b~ uado nxkad napep }emak masa} meanaekad
malai sh~hd`adaad, nagkad mega~askad sama iapa ihdma}ado masa}
ihdfame ph`}b~ napep$
^HJH^HDPE
Nagad Sxp}aka
Amdad, Davhle$Sb}hdpe Hkbdbie Phk}b~al Kb}a Salhinado$ MalaiJb~mhia, zbl$
= Db$ 1, Fxde >33=$ Gal6 ?>8)?0:
A~puam Led`bld$ 1555$ Hkbdbie Shinaoxdad$ Ubouaka~}a6 Naoead Shdh~ne}ad
P]EH UKSD$
NSP$ Nad}hd Malai Adoka$ NSP Faka~}a, >311
Jamlad, Ixgaiiam Azh~~bhp$ Adalepep Sb}hdpe Sh~}xinxgad Hkbdbie me
S~bzedpe Laisxdo Sh~ebmh >33=)>335 Pk~espe P)1 Fx~xpad Elix Hkbdbie
mad P}xme Shinadoxdad Jakxl}ap Hkbdbie mad Nepdep Xdezh~pe}ap Eplai
Dhoh~e Pua~ej Gemaua}xllag Faka~}a$ >311
Na`g~e, Ja`g~eval mad E~iad$Adalepep Sb}hdpe Phk}b~al Kanxsa}hd Laga} S~bzedpePxia}h~a Phla}ad$ MalaiKafead Hkbdbie, zbl$ > Db$ 1, >330$ Gal 6??)130
Gaiem, Anmxl$ Nxkx Sadmxad Shdxlepad Pk~espe Jakxl}ap Hkbdbie mad Nepdep,
XED Pua~ej Gemaua}xllag Faka~}a, >33?
Fgedoad, I$L$ 155>$ Hkbdbie Shinadoxdad mad Sh~hd`adaad, ]h~fhiagad M$
Ox~e}db$ Faka~}a6 ^afawale
>1
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7/23/2019 Jurnal LQ Dan Shift Share(Perekonomian Indonesia)
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ADALEPEP SB]HDPE HKBDBIE KB]A ]ADOH^ADO PHLA]AD
SH^EBMH >33?)>313 MHDOAD SHDMHKA]AD LQ MAD PGEJ]
PGA^H'AMAI * PHDA SAIXFE%
Ibdmal, _ale E$ Ad Adalupep bj ]gh Edmxp}~eal Mhzhlbsihi} Sb}hd}eal bj
Ialaupea6 A Pgej})Pga~h Ass~ba`g malaiFbx~dal bj Nxpedhpp * H`bdbie`
^hpha~`g Zbl$ ZEE Db$ 8, >335$ g$ =1)=:
Pfaj~eval$ Hkbdbie ^hoebdal, ]hb~e mad Aslekape$ Samado6 Namxbph Ihmea$
>337
]a~eoad, ^bnedpbd$ Hkbdbie ^hoebdal, ]hb~e mad Aslekape 'hmepe ~hzepe%$
Faka~}a6 Nxie Akpa~a$ >33?
Uxdad, Vxgae~ad U$Adalepep Shdhd}xad Phk}b~ Xdooxlad Sh~hkbdbiead _elauag
Kb}aiamua ]adoh~ado Phla}ad Mhdoad Shdmhka}ad Shinhd}xk SM^N$
Malai Peodejekad, Zbl$ E, Db$ 0, >313$ gal$ :1)?:$
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