scholarly journals DETERMINANTS OF INDONESIAN CRUDE PALM OIL EXPORT: GRAVITY MODEL APPROACH

2018 ◽  
Vol 19 (2) ◽  
Author(s):  
Ridwannulloh Ridwannulloh ◽  
Sunaryati Sunaryati
2019 ◽  
Vol 13 (2) ◽  
pp. 163-186
Author(s):  
Eka Dewi Satriana ◽  
Harianto ◽  
Dominicus Savio Priyarsono

Abstrak Nilai tukar merupakan salah satu aspek yang memengaruhi daya saing ekspor. Pada tahun 2013 hingga tahun 2015, volatilitas nilai tukar mengalami kenaikan, khususnya pada triwulan akhir tahun 2015 yaitu sebesar 16,90%. Kondisi ekspor utama pertanian Indonesia pada tahun tersebut rata-rata mengalami penurunan. Penelitian ini bertujuan untuk menganalisis pengaruh volatilitas nilai tukar terhadap kinerja ekspor utama pertanian Indonesia ke negara mitra dagang utama dengan menggunakan gravity model. Ekspor utama pertanian yang dianalisis yaitu karet alam, kopi, udang, dan Crude Palm Oil (CPO). Model ARCH-GARCH digunakan untuk mengukur volatilitas nilai tukar. Hasil analisis menunjukkan bahwa volatilitas nilai tukar berpengaruh negatif terhadap ekspor karet alam, kopi, dan udang Indonesia. Artinya, semakin fluktuatif nilai tukar rupiah maka akan menurunkan ekspor karet alam, kopi, dan udang Indonesia ke negara mitra dagang utama. Pengaruh negatif tersebut juga menunjukkan adanya penghindaran risiko yang dilakukan oleh pelaku usaha. Beberapa rekomendasi hasil kajian yang dapat dilakukan Pemerintah Indonesia adalah menjaga stabilitas nilai tukar, kemudahan akses ke lembaga keuangan, penerapan lindung nilai (hedging), kontrak jangka panjang (longterm contracts), dan menjaga pertumbuhan produksi komoditas. Kata Kunci: Volatilitas Nilai Tukar, Ekspor Utama Pertanian, Model ARCH-GARCH   Abstract The exchange rate is one aspect that affects export competitiveness. From 2013 to 2015, exchange rate volatility increased, especially in the final quarter of 2015, which was 16.90%. Indonesia's main agricultural export conditions in the year on average experienced a decline. This paper analyzes the effect of exchange rate volatility on the performance of Indonesia's main agricultural exports to major trading partner countries using the gravity model. The main agricultural exports analyzed were natural rubber, coffee, shrimp, and Crude Palm Oil (CPO). The ARCH-GARCH model is used to measure exchange rate volatility. The analysis shows that exchange rate volatility harms on Indonesia's exports of natural rubber, coffee, and shrimp. This means, the more the rupiah exchange rate fluctuates will reduce Indonesia's natural rubber, coffee and shrimp exports to the main trading partner countries. The negative influence also indicates the existence of risk aversion by business actors. Some recommendations for the Government of Indonesia based on the study findings are maintaining exchange rate stability, easy access to financial institutions, implementing hedging, long-term contracts, and maintaining commodity production growth. Keywords: Exchange Rate Volatility, Main Agricultural Exports, ARCH-GARCH Model JEL Classification: F14, F31, F41, Q17


2018 ◽  
Vol 5 (2) ◽  
pp. 103
Author(s):  
Gisa Rachma Khairunisa ◽  
Tanti Novianti

<p>Minyak sawit dalam bentuk <em>Crude Palm Oil</em> merupakan komoditi ekspor unggulan Indonesia.Indonesia merupakan produsen dan eksportir minyak sawit terbesar di dunia.Uni Eropa merupakan pengimpor minyak sawit Indonesia terbesar kedua setelah India, sehingga dapat mempengaruhi kondisi ekspor minyak sawit Indonesia.Pada tahun 2009 Uni Eropa mengeluarkan kebijakan<em>Renewable Energy Directive </em>yang dapat berdampak kepada ekspor minyak sawit Indonesia.Tujuan dari penelitian ini adalah untuk mendekripsikan gambaran umum minyak sawit, menganalisis posisi daya saing minyak sawit Indonesia menggunakan metode <em>Revealed Comparative Advantage </em>(RCA) dan <em>Export Product Dynamics</em> (EPD) serta menganalisis dampak kebijakan <em>Renewable Energy Directive</em> terhadap terhadap kinerja ekspor minyak sawit Indonesia dengan menggunakan <em>gravity model</em>. Hasil analisis RCA menunjukkan bahwa minyak sawit Indonesia memiliki keunggulan komparatif (nilai RCA&gt;1). Analisis EPD minyak sawit Indonesia di pasar Uni Eropa berada pada posisi“<em>Rising Star”</em>, Jepang berada di posisi “<em>Retreat” </em>dan Jerman berada pada posisi“<em>Lost Opportunity”</em>. Hasil analisis <em>gravity model</em> menunjukkan GDP perkapita Indonesia, populasi negaratujuan, jarak ekonomi, dan kebijakan <em>Renewable Energy Directive </em>signifikan memengaruhi nilai ekspor minyak sawit, sedangkan nilai tukar riil Indonesia tidak berpengaruhsignifikan.</p>


2018 ◽  
Vol 3 (2) ◽  
pp. 111-135 ◽  
Author(s):  
Ayu Renita Sari ◽  
Dedi Budiman Hakim ◽  
Lukytawati Anggraeni

The study of this paper is aimed to evaluate the effects of non-tariff measures (NTM) upon Indonesian crude palm oil (CPO) export in the main destinations. Identified the competitiveness analysis using the Revealed Comparative Advantage index and the impact of the measures has estimated using a panel data gravity model constructed with disaggregated data about bilateral export trade flow of crude palm oil between Indonesia and its main trade partners for the period from 2003 to 2013. NTM represented binary variable that specified with a dummy variable. The gravity model has estimated with a fixed effects model and the results indicated that the existence of trade barriers to trade (TBT) appears to impede the Indonesian exports of CPO. But the existence of sanitary and phytosanitary measures (SPS) which related to food safety and the existence of trade remedy (antidumping, subsidy, safeguard) presented a positive impact upon the Indonesian exports of CPO. Keywords: Export, Non-Tariff Measures (NTM), Sanitary and Phytosanitary (SPS), Trade Barriers to Trade (TBT), Trade Remedy, Crude Palm Oil


Agro Ekonomi ◽  
2010 ◽  
Vol 17 (2) ◽  
Author(s):  
Benny Rachman ◽  
Adang Agustin

This study aims to analyze the development of national CPO (Crude Palm Oil) export, the influence of the implementation of the export tax for the welfare of producers, and the competiveness of CPO. This study uses primary data and secondary data. The result of the study shows that (1) in tne period 2000-2007, the volume and value of exports of CPO increased were 18.07 and 37.63 % per year, respectively, (2) CPO export tax directly and proportionally reduce the local price of CPO, which in tye end reduce the price of TBS (Tandan Buah Segar). The higher export tax and the more disadvantages CPO producers and overall level of welfare to decrease with the high PE rate of CPO, and (3) Indonesia has a comparative and competitive advantages in the production od CPO, as indicated by the value DRCR < 1 and PCR < 1 (DRC = 0.66 and the PCR = 0.60).


2018 ◽  
Vol 3 (2) ◽  
pp. 111-135
Author(s):  
Ayu Renita Sari ◽  
Dedi Budiman Hakim ◽  
Lukytawati Anggraeni

The study of this paper is aimed to evaluate the effects of non-tariff measures (NTM) upon Indonesian crude palm oil (CPO) export in the main destinations. Identified the competitiveness analysis using the Revealed Comparative Advantage index and the impact of the measures has estimated using a panel data gravity model constructed with disaggregated data about bilateral export trade flow of crude palm oil between Indonesia and its main trade partners for the period from 2003 to 2013. NTM represented binary variable that specified with a dummy variable. The gravity model has estimated with a fixed effects model and the results indicated that the existence of trade barriers to trade (TBT) appears to impede the Indonesian exports of CPO. But the existence of sanitary and phytosanitary measures (SPS) which related to food safety and the existence of trade remedy (antidumping, subsidy, safeguard) presented a positive impact upon the Indonesian exports of CPO. Keywords: Export, Non-Tariff Measures (NTM), Sanitary and Phytosanitary (SPS), Trade Barriers to Trade (TBT), Trade Remedy, Crude Palm Oil


2013 ◽  
Vol 1 (1) ◽  
Author(s):  
Maswadi .

Crude Palm Oil (CPO) is a strategic commodity in the economy ofIndonesia. CPO industry also plays an important role in the internationalmarket. The rate of growth of production of CPO is the highest among thecategories of oil consumed. Even a CPO has predicted will pass trade oilfor soybeans at most in the world market be trading.The current Government had new instruments in international tradeactivities, i.e. the export levy of dilegalisasi on September 10, 2005 withthe publication of legislation No. 33 of 2005. Broadly speakingstakeholders agribusiness palm national associate substance of the purposeand size of the export levy rate as well as benchmark price export withbenefit dimension, justice and legal certainty. After looking closely atlegislation of the export levy in the perspective of the development of oilpalm industry, there are 2 national article that needs to be understood indepth. The second chapter is chapter 2, about the purpose and article 3paragraph 5 and 6, of the size of export the levy rate and export benchmarkprices. Both articles still contain questions like: "whether its value hasbeen considering concrete benefits for all palm oil stakeholders national,meet the sense of justice and legal certainty in their implementation?".The review of this paper aims to discuss about the purpose of theapplication of the export levy and export benchmark prices taking intoaccount its benefits for all stakeholders to the national burden of palm oil,which must be borne by the stakeholders and legal certainty, and theirimpact on the performance of the agribusiness palm and farmer income inIndonesia.Keywords : Crude Palm Oil, Export Levy, Indonesia


2019 ◽  
Vol 1 (2) ◽  
Author(s):  
Sarono Sarono

The empty fruit bunches (EFB) are by-product of crude palm oil (CPO) production, and it is not widely used optimally. One of products produced from EFB with development potentials is straw mushroom. The objective of this research was to analyze the potentials of EFB material and straw mushroom based on EFB material in Lampung province. The result showed that the EFB potential in Lampung province was 111,144 ton annually and straw mushroom was 4,835 ton annually. The biology efficiency ratio of EFB into straw mushroom in production scale was averagely 3.93%. Districts having potentials for developing straw mushroom business by using EFB material were Mesuji, Middle Lampung, Tulang Bawang, Way Kanan, and North Lampung.


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