Manuscript Title:

PALM OIL EXPORT MANAGEMENT AND DYNAMIC MACROECONOMIC

Author:

MUHAMMAD ALKIROM WILDAN, MOCHAMAD ALI IMRON, MUH. SYARIF, ABDUL AZIZ JAKFAR

DOI Number:

DOI:10.17605/OSF.IO/S3GBF

Published : 2021-12-10

About the author(s)

1. MUHAMMAD ALKIROM WILDAN - University of Trunojoyo Madura, Indonesia.
2. MOCHAMAD ALI IMRON - Universiti Teknologi PETRONAS, Malaysia.
3. MUH. SYARIF - University of Trunojoyo Madura, Indonesia.
4. ABDUL AZIZ JAKFAR - University of Trunojoyo Madura, Indonesia.

Full Text : PDF

Abstract

Economic growth is defined as the development of activities in the economy which results in increased goods and services to be produced and prosperity also increases. Indonesia's economic growth of 6 percent is certainly caused by various other economic activities, one of them is examined in this study is the export of crude palm oil (CPO) energy. But the export of palm oil energy is affected by macroeconomic behaviors, one of them is inflation, so this is interesting to investigating the dynamic effect of inflation and the export of palm oil energy on the economic growth in Indonesia. The data used is the time series data for 28 years. In the short and long-term analysis, inflation has a negative and significant effect on economic growth in Indonesia. In the short-term analysis of the export of palm oil energy and the positive effect was not significant, while in the long-term analysis of palm oil energy exports, a significant negative effect on economic growth in Indonesia. The data analysis method used is the Auto Regressive Distributed Lagged (ARDL).


Keywords

CPO, Energy, Export, Inflation, Economic Growth, ARDL.