Claim Missing Document
Check
Articles

Found 2 Documents
Search

Analysis of the Influence of Production, Global Prices, Exchange Rate, and Interest Rate on Changes in Indonesia’s Crude Palm oil (CPO) Export Value Rasendriya Rahya Rabbani; Raden Parianom
Jurnal Ekonomi Teknologi dan Bisnis (JETBIS) Vol. 5 No. 1 (2026): Jurnal Ekonomi, Teknologi dan Bisnis
Publisher : Al-Makki Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57185/hhcbww62

Abstract

Exports play a pivotal role in Indonesia’s economic growth, with crude palm oil (CPO) being a key contributor to international trade. A decline in CPO export value could potentially weaken economic performance. This study investigates the influence of production, global prices, exchange rates, and interest rates on Indonesia’s CPO export value using the Error Correction Model (ECM) for the 1995–2024 period. The findings indicate that production has a significant positive impact on export value in both the short run and the long run. Global prices and exchange rates also exert significant effects across both horizons, while domestic interest rates show an indirect influence. Overall, the study confirms that Indonesia’s CPO export dynamics are shaped by a combination of production factors and macroeconomic variables, with distinct patterns of relationship between short-run and long-run contexts.
International Trade in Muslim-Majority Countries and Volatility of The Dollar Exchange Rate Desmintari; Raden Parianom; Risna Triandhari; Bryan Listyanto
Interdiciplinary Journal and Hummanity (INJURITY) Vol. 2 No. 9 (2023): INJURITY: Journal of Interdisciplinary Studies.
Publisher : Pusat Publikasi Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58631/injurity.v2i9.121

Abstract

The study was to examine the relationship between the volatility of the dollar exchange rate on international trade variables, namely exports and imports, in 3 Muslim-majority countries. This study analyzes the possibility that the volatility of the dollar exchange rate can hamper the economy of a country. The method used is the Autoregressive Distributed Lag and Error Correction Model (ARDL-ECM) to analyze the short-term and long-term relationship between the volatility of the dollar exchange rate against international trade in Indonesia, Pakistan, and Turkey. And to see the causality relationship between variables, the Granger-Causality method is used. The data used are monthly data for the period January 2006 to December 2021. From this research, it can be seen that in the long term there is no relationship between exchange rate volatility and export performance except in Turkey. Meanwhile, there is a relationship between exchange rate volatility and import performance in Pakistan and Turkey. In the short term in the export dependent model, Turkey is the country that takes the longest to respond to shocks to international trade, while in the import dependent model, Indonesia takes the longest to respond to shocks and Pakistan is the fastest country.