| dc.description.abstract | Indonesia is the largest CPO exporter in the world. Indonesia's CPO export
volume fluctuates every year to the European Union, including to its importing
countries, where in 2017-2023 Indonesia's CPO export volume to the European
Union tends to experience a significant decline. However, the development of
Indonesia's CPO export volume to large and small importer countries in the
European Union is still experiencing fluctuating developments. The purpose of this
study is to analyze the effect of exchange rates, inflation, substitution prices and
EU non-tariff policy dummies on the volume of Indonesian CPO exports to large
and small EU importing countries simultaneously and partially using theories that
form variables in the form of international trade theory, purchasing power parity
theory, export demand and supply theory and the theory of international trade
barriers. The method used in this research is descriptive and quantitative method
with panel data regression analysis of Generalized Least Square (GLS) method.
The data used is secondary data in the form of panel data with time series data from
1989-2023 and cross section data in the form of, Netherlands, Spain, Italy, United
Kingdom, France and Denmark. The results of panel data analysis show that the
variables of exchange rate, inflation, substitution price, RED I and RED II nontariff policies of the European Union simultaneously have a significant effect on the
volume of Indonesian CPO exports. Partially, the exchange rate and inflation
variables have a negative and significant effect on CPO exports, substitution prices
have a positive and insignificant effect on the volume of CPO exports, the EU nontariff policy dummy variable in the form of RED I has a significant positive effect
and RED II has a positive and insignificant effect on the volume of Indonesian CPO
exports.
Keywords: CPO, Generalized Least Square (GLS), Panel Data, Export Volume | en_US |
