Determinan dan Stabilitas Ekspor Crude Palm Oil Indonesia

Huda, Eva Nurul; Widodo, Arif

doi:10.24914/jeb.v20i1.518

Cited by 6 publications

(6 citation statements)

References 5 publications

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“…Beberapa hasil penelitian yang mengkaji tentang dampak dari harga dan nilai tukar terhadap permintaan eksport minyak sawit masih menghasilkan temuan yang berbeda atau adanya kesenjangan hasil penelitian (gap). Diantaranya yaitu penelitian yang dilakukan oleh Huda & Widodo (2017) menghasilkan penelitian yaitu dalam jangka pendek dan jangka panjang bahwa variabel harga CPO internasional, nilai tukar rupiah, Term of Trade dan produksi berpengaruh signifikan terhadap variabel ekspor CPO. Selanjuntya Ewaldo (2015) menghasilkan penelitian bahwa secara simultan harga dan nilai tukar berpengaruh signifikan terhadap nilai ekspor akan tetapi secara parsial nilai tukar (kurs) menunjukkan pengaruh tidaksignifikan terhadap nilai ekspor.…”

Section: Kata Kunciunclassified

Pengaruh Harga Internasional dan Nilai Tukar terhadap Permintaan Ekspor Minyak Sawit di Indonesia

Wahyuni¹,

Mustafa²,

Hamid³

2021

jesya

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Kelapa sawit mentah (CPO) merupakan salah satu komoditi unggulan ekspor yang dimiliki Indonesia. Pada umumnya perkembangan ekspor minyak sawit tidak terpisahkan dari perubahan eksternal diantaranya tingkat harga maupun nilai tukar (kurs). Tujuan penelitian ini yaitu untuk menguji pengaruh harga dan nilai tukar (kurs) terhadap permintaan ekspor minyak sawit di Indonesia. Penelitian ini menggunakan data runtun waktu (time series) dimulai dari tahun 2010 sampai dengan tahun 2019. Adapun metode analisis data yang digunakan yaitu regresi linier berganda (ordinary Least Square). Hasil penelitian yaitu secara simultan harga dan nilai tukar (kurs) berpengaruh signifikan terhadap permintaan ekspor minyak sawit di Indonesia. Selanjutnya secara parsial diperoleh hasil yaitu untuk variabel harga berpengaruh negatif tidak signifikan terhadap permintaan ekspor minyak sawit di Indonesia, sedangkan untuk variabel nilai tukar (kurs) berpengaruh positif dan signifikan terhadap permintaan ekspor minyak sawit di Indonesia.

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Section: Kata Kunciunclassified

Pengaruh Harga Internasional dan Nilai Tukar terhadap Permintaan Ekspor Minyak Sawit di Indonesia

Wahyuni¹,

Mustafa²,

Hamid³

2021

jesya

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“…The former researcher (Azizah, 2015) indicates that exchange rate has a negative and significant impact on the value of Indonesian CPO export. Other results come from (Huda, 2017) dan (Ginting, 2013) state that exchange rate has a negative and significant impact on Indonesian export. On the researches exchange rate has a two-way relationship on international CPO trade, meaning when an exchange rate depreciates, while export increases and vice versa.…”

Section: B the Impact Of Exchange Rate Towards Indonesian Cpo Export Valuementioning

confidence: 99%

“…If Rupiah appreciates toward forex, it will reduce the export value while import will increase. It happens because the domestic goods in international market become much more expensive (Huda, 2017).…”

Section: B the Impact Of Exchange Rate Towards Indonesian Cpo Export Valuementioning

confidence: 99%

Determinants of Indonesian Crude Palm Oil Export: Gravity Model Approach

Ridwannulloh

Sunaryati

2018

jesp

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Crude Palm Oil (CPO) is a commodity in the agricultural sector with the largest contribution to the value of Indonesian exports. Moreover, since 2006, Indonesia has become the largest CPO producer in the world. Therefore, this research attempts to investigate determinants of Indonesia CPO export to main trading partners using Gravity model approach. This study is conducted to analyze the effect of Indonesia's GDP, GDP of Indonesia's four main trading partners, distance, the rupiah exchange rate against US dollar and domestic CPO consumption on Indonesian CPO exports. The analysis technique is used in this research is panel data regression using fixed effect model. The results of this study indicate that not all variables have significant effects on Indonesian CPO exports. Variables such as Indonesia's GDP and GDP of major trading partners have positive and significant effect, whereas rupiah exchange rate variable and domestic consumption have negative and significant effect on Indonesian CPO export. In addition, in line with Gravity model, variable of distance has negative and significant effect on Indonesian CPO exports.

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“…As one of Indonesia's export commodities, CPO will be an important part of international trade and will also have an impact on the IDR exchange rate as a transaction tool (Aprina, 2014). The previous study indicated that world CPO price will affect the exchange rate of a country (Amano & Van Norden, 1998;Ashfahany & Priyatna, 2015;Aziz & Applanaidu, 2017;Buyung et al, 2017;Edwards, 1986;Huda & Widodo, 2017;Iqbal, Hameed, & Devi, 2012;Kohlscheen, Avalos, & Schrimpf, 2016). Conversely, the previous study showed Granger Causality tests do not find any evidence that commodity prices Granger-cause exchange rates (Chen, Rogoff, & Rossi, 2010).…”

Section: Introductionmentioning

confidence: 92%

The nexus between Indonesia’s exchange rate and the world crude palm oil price

Lee

Huruta

2019

IER

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International trade plays a major role in increasing the output of each country. Crude Palm Oil (CPO) is one of Indonesia's major export commodities. Facts show over the past two decades, CPO has become a fast-growing product. However, there are obstacles from one of Indonesia's CPO importers, namely the European Union. The aim of this study is to explore the nexus between the exchange rate and the world price of CPOs. Research Design & Methods: This study uses both the exchange rate of Indonesia and the price data of the world CPO from 1981-2017 as secondary. Granger Causality was used to explain the nexus between the exchange rate and the world price of CPOs. Findings: The results of the Granger Causality showed there was no causality between the exchange rate and the price of the world CPO. The lack of causality between the two variables suggests the trade balance's position is stronger and able to explain the exchange rate. Contribution & Value Added: This study indicated that the IDR exchange rate is more sensitive to trade balance rather than the world CPO price. Moreover, It is necessary to refined palm oil products to increase the contribution of the non-oil sector in Indonesia. In addition, the Indonesian government needs to be aware of the European Union's raised barriers to world trade. It means that Indonesia can make a positive campaign about the advantages of palm oil production. Article type: research paper

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Determinan dan Stabilitas Ekspor Crude Palm Oil Indonesia

Abstract: We analyze the influence of CPO production, exchange

Cited by 6 publications

References 5 publications

Pengaruh Harga Internasional dan Nilai Tukar terhadap Permintaan Ekspor Minyak Sawit di Indonesia

Pengaruh Harga Internasional dan Nilai Tukar terhadap Permintaan Ekspor Minyak Sawit di Indonesia

Determinants of Indonesian Crude Palm Oil Export: Gravity Model Approach

The nexus between Indonesia’s exchange rate and the world crude palm oil price

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