Abstract
This study aims to analyze the balance of long-term and error term, CPO export prices, world soybean oil prices, domestic CPO production, inflation, exchange rate, export tax applicable to the export volume of CPO. The analytical method used Engle Granger cointegration analysis,Error Correction Model (ECM) and completed with E-Views. The research data is secondary weeklydata from year 2006 - 2015. The data is analyzed by Engel Granger cointegration and Error Correction Modelmethod. The result of the analysis shows that there is a positive correlation between CPO export price, soybean oil and domestic CPO to export of CPO. While the inflation, exchange rate, and export tax variables show a negative correlation to CPO exports. In estimation of error-term, there is a positive correlation to CPO export price variables, soybean oil price and CPO domestic production. While the variables of inflation, exchange rate and export tax show negative correlation to CPO exports.
Highlights
This study aims to analyze the balance of long-term and error term, Crude Palm Oil (CPO) export prices, world soybean oil prices, domestic CPO production, inflation, exchange rate, export tax applicable to the export volume of CPO
The data is analyzed by Engel Granger cointegration and Error Correction Modelmethod
The result of the analysis shows that there is a positive correlation between CPO export price, soybean oil and domestic CPO to export of CPO
Summary
Produksi CPO yang pada gambar 1 relatif meningkat pada rentang waktu 2013 hingga. 2015.Peningkatan produksi mendorong produsen CPO cenderung mengekspor CPO untuk mendapatkan keuntungan lebih besar (Muslih et al, 2013). Produksi CPO yang pada gambar 1 relatif meningkat pada rentang waktu 2013 hingga. 2015.Peningkatan produksi mendorong produsen CPO cenderung mengekspor CPO untuk mendapatkan keuntungan lebih besar (Muslih et al, 2013). Namun yang terjadi adalah perkembangan ekspor CPO Indonesia tidak meningkat yang signifikan dalam rentang waktu tersebut yagn diperlihatkan gambar berikut
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have