Jokowi Effect

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Former Governor of Jakarta, Joko Widodo.

The Jokowi Effect (Indonesian: Efek Jokowi) is a term coined to describe the influence of media popularity of Governor of Jakarta Joko Widodo (or Jokowi) on Indonesian politics and the Indonesian economy. When Jokowi was declared as a presidential candidate in the Indonesian presidential election, 2014 it is believed that the popularity of the Indonesian Democratic Party – Struggle was boosted to 30% in the Indonesian legislative election, 2014.[1] Meanwhile, in the capital market, the effect is said to have stimulated the Indonesian stock market and Rupiah, because Jokowi was regarded as having a clean track record.[2] But this effect was proven to only be temporary and mainly only due to partisan media euphoria. Two months after he was elected as president, the Rupiah sank to its lowest value in 16 years.[3]

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  1. ^ Dany Sutrisno, Elvan (March 14, 2014). "Charta Politika: Deklarasi Jokowi Sebelum Pileg, PDIP Bisa Tembus 30%". Detik. Retrieved March 15, 2014.
  2. ^ Tri Wibowo, Arinto (March 14, 2014). "Jokowi Capres, Indeks Saham Melesat". VivaNews. Retrieved April 11, 2014.
  3. ^ Liau Y-Sing. "Indonesia Rupiah Sinks to 16-Year Low as Bonds Slide on Outflows". bloomberg. Retrieved 16 December 2014.

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