Edunity: Kajian Ilmu Sosial dan Pendidikan
Vol. 3 No. 12 (2024): Edunity: Social and Educational Studies

Contribution of Resin Commodity Exports to Gross Domestic Product and Employment in Indonesia

Langelo, Ferry Noldy (Unknown)
Subiantoro, Heru (Unknown)
Astuti, Pudji (Unknown)



Article Info

Publish Date
20 Dec 2024

Abstract

Exports of resin commodities significantly affect Indonesia's economy, particularly in terms of Gross Domestic Product (GDP) and employment. This study aims to analyzethe effects of resin commodity exports on Indonesia's GDP and employment opportunities, and to provide recommendations for enhancing the sector's contribution through strategic initiatives. The research employs the Error Correction Model (ECM) to assess the relationship between resin exports, GDP, and employment, utilizing secondary data over the past decade. Results indicate a strong positive correlation between resin exports and GDP growth, with the latter significantly influenced by export revenue. The findings also reveal that the resin sector creates numerous job opportunities, benefiting not only the industry itself but also related sectors such as logistics and manufacturing. Enhanced export capabilities can lead to increased national income and reduced trade imbalances, further stabilizing the economy. In conclusion, the study highlights the importance of resin commodity exports in driving economic growth in Indonesia. It provides actionable insights for policymakers to strengthen the resin sector, improve product quality, and expand market access. By focusing on sustainable practices and technological advancements, Indonesia can capitalize on its natural resource wealth, fostering job creation and elevating living standards across local communities.

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Journal Info

Abbrev

Edunity

Publisher

Subject

Humanities Computer Science & IT Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Social Sciences

Description

Edunity: Kajian Ilmu Sosial dan Pendidikan is a double-blind, open-access peer-reviewed academic journal in social and educational fields. This journal is published monthly by PT. Publikasiku Academic Solution. Edunity: Kajian Ilmu Sosial dan Pendidikan provide a means for ongoing discussion of ...