International Journal of Economics, Business and Accounting Research (IJEBAR)
Vol 5, No 3 (2021): IJEBAR : Vol. 05, Issue 03, September 2021

DETERMINANTS OF INDONESIA NON-OIL AND GAS EXPORTS TO NON-TRADITIONAL MARKET

Siti Aisyah (Universitas Muhammadiyah Surakarta)
Trias Dewi Renggani (Unknown)



Article Info

Publish Date
30 Sep 2021

Abstract

Indonesia has considerable opportunities to export non-oil/gas to various countries. Non-traditional market is considered to have great potential for increasing non- oil exports. This study aims to estimate the effect of GDP of export destination countries, inflation of export destination countries, economic openness of export countries and the Indonesian exchange rate against the US dollar to Indonesia non-oil exports to non-traditional trading partner countries. The analytical method in this study uses descriptive statistical analysis and panel data regression, the results show that REM is the selected model. The GDP has a significant and positive affect to Indonesia’s exports, while exchange rate has no effect on Indonesia’a exports, inflation having a significant and negative effect to Indonesia’a exports, and economic openness having an significant and positive effect to Indonesia’a exports. Indonesia needs to diversify exports to non-traditional countries and cannot rely solely on exports to major trading partner countries. Keywords: exports, non-traditional markets, GDP, inflation, exchange rates, economic openness

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Journal Info

Abbrev

IJEBAR

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal of Economics, Business, and Accounting Research (IJEBAR) is a peer-reviewed, open access international scientific journal dedicated for rapid publication of high-quality original research articles as well as review articles in all areas of Economics, Business and Accounting. ...