Abstract
The predictors of Indonesia’s palm oil export competitiveness: A gravity model approach
Highlights
Nowadays, globalization occurs in countries through international trade
The result shows that Indonesia's highest Revealed Comparative Advantage (RCA) indices were recorded in Spain for the last twenty years compared to other main importing countries, followed by the Netherlands, China, India, and United States
This study revealed that the variable of Non-Tariff Measurements (NTMs) could induce 1.37% of palm oil export from Indonesia
Summary
Globalization occurs in countries through international trade. It has caused an increase in the dependent relationship between nations. Two countries participate in international trade through export and import activities. A country benefits from these activities, such as fulfilling its society's necessity for importing activities, gaining higher income, and expanding its commodities market for exporting activities. That is why international trade allows countries to specialize in producing goods efficiently, to increase efficiency and production scale. This explanation is first described by David Ricardo with his theory of "Comparative Advantage". A country needs to create trading strategies related to a commodity with competitiveness in international trade
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