p-Index From 2020 - 2025
7.112
P-Index
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Journal of Enterprise and Development (JED)

The Role of Macroeconomic Indicators and Global Oil Prices in Influencing Indonesia’s Crude Oil Exports to South Korea Auliani, Annisya; Purnomo, Didit
Journal of Enterprise and Development (JED) Vol. 7 No. 2 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i2.13464

Abstract

Purpose: This study analyzes the impact of macroeconomic indicators and global oil prices on Indonesia's crude oil exports to South Korea, one of its strategic trading partners in the East Asia region.Method: A quantitative approach was employed using annual time series data comprising 24 observations from 2000 to 2023. Secondary data were obtained from official sources such as Statistics Indonesia (BPS), the World Bank, and Index Mundi. Data analysis was conducted using multiple linear regression with the Ordinary Least Squares (OLS) method.Results: The analysis indicates that South Korea’s inflation and GDP per capita growth positively affect Indonesia’s crude oil exports to the country. Conversely, the exchange rate and global oil prices negatively impact these exports.Practical Implications for Economic Growth and Development: These findings provide relevant policy insights for the Indonesian government in responding to global economic dynamics, including strategies for exchange rate stabilization, export market diversification, and strengthening economic diplomacy.Originality/Value: This study makes an original contribution by specifically examining the bilateral relationship of Indonesia’s crude oil exports to South Korea based on the dynamics of external variables. Its focus on a specific region and extended time coverage renders it a unique study that delivers tangible contributions rarely found in Indonesia’s international trade literature.
Co-Authors Abdulloh Adlan Amirul Mulki Sulton Adzila, Choiry Viera Agung Riyardi Agung Slamet Sukardi Ahnaf Faiz Pratama Ahnaf Faiz Pratama Al Rovik, Oktaviansyah Baranika Amalia, Alfida Nizar Ambariyanto Ambariyanto Ambarsari, Indah Anggyatika Mahda Kurnia Anggyatika Mahda Kurnia, Anggyatika Mahda Anita Puspitasari Aprilia Retno Safitri Ardiana, Wiwik Arif Ramadhan Arum W, Nurani Augovany, Revialdo Kahfi Auliani, Annisya Ayudita, Salma Fitri Ayyubi, Arif Rahman Bambang Setiaji Bastiyan David Hanifan Cahyaningsih, Pinaestri Chuzaimah Chuzaimah Chuzaimah Chuzaimah Chuzaimah Chuzaimah, Chuzaimah Devi Istiqomah Devi Istiqomah, Devi Devi Sartikasari Dewi Puji Astuti, Dewi Puji Dewi Sitoresmi N.K.A Diyan Utami Duwi Fadriyani Edy Purwo Saputro Eni Setyowati F. X. Sugiyanto Fahila Kamara Winungga Fahrudin, Moris Favian Ardine Agathon Fereshti N. D. Fereshti N. D., Fereshti N. Firmansyah, Refly Garnis Permata Sari Harun Harun Harun Harun Imamuddin Fathany Imron Rosyadi Inda Fresti Puspitasari Inda Fresti Puspitasari Indah Ambarsari Indah Susilowati Intan Istikharoh Irfan Budiyanto Istiqomah, Wiwit Syifa Jannah, Kuntum Khoiru Nisa Miftah Ul Jarwo, Reja Ale Jayawarsa, A.A. Ketut Kusuma, Devinna Putri Vania Mahanara Puja Kusuma Maulidyah Indira Hasmarini Mochamad Hasan Makmur Farid Mohammad Arif Mohammad Rafiuddin Mohd Shahidan Shaari Muhammad Anas Muhammad Arif Muhammad Arif Muhammad Muhtarom Muhammad Muhtarom Nando Savikri Nugraheni, Mellyka Sherly Nungki Kusumastuti Nur Hidayah Nur Hidayah Nurani Arum W Nurul Ares Lathifah Permatasari, Yuliana Ayu Perwithosuci, Winny Pinaestri Cahyaningsih Prabasari, Rully Indra Prabawati Nur Utami Purnomo, Nugroho Satriotomo Puspitasari, Anita Putra, M. Farash Abbiyan Putri, Bernanda Arsita Rama Mukti Nautika Ramadhan, Arif Sahid, Muhamad Salsagita Rahmadhani Siti Aisyah Sitti Retno Faridatussalam Sitti Retno Faridatussalam Sri Murwanti Suryanti Syahrindra, Diony Kevin Triyono Triyono Triyono Triyono Wahid Fahmiza Azhari Winny Perwithosuci Yudhistira Bagas Anggoro Yustika, Aisya Berliana zazid ikhsanudin, khozin