Analysis of trade potential and factors influencing chili export in Indonesia

Sundari, Mei Tri; Darsono, Darsono; Sutrisno, Joko; Antriyandarti, Ernoiz

doi:10.1515/opag-2022-0205

Cited by 1 publication

(2 citation statements)

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“…This finding is slightly weaker than the fuel price effect on Indonesia's exports. This finding aligns with Thorbecke & Sengonul (2023), who found a significant effect of exchange rate on export and import in Turkey, and Sundari et al (2023), who found IDR exchange rate effect on chili export in Indonesia. In Chile, the exchange rate has also been found to predict the return of oil exports (Pincheira-Brown et al, 2022), while in Indonesia, the depreciation of the IDR exchange rate stimulated export in 2015 (Yusuf & Sumner, 2015).…”

Section: Resultssupporting

confidence: 90%

“…A high exchange rate equals high production costs due to imported raw materials and capital goods. This finding aligns with Spahiu & Durguti (2023), who found a damaging impact of high-interest rates on export, as well as Thorbecke & Sengonul (2023) and Sundari et al (2023), who found a significant effect of exchange rate on export. However, despite the negative impact of both variables, Bank Indonesia implemented its supervisory role in the IDR exchange rate well, resulting in Indonesia's growing export post-Covid-19 pandemic and the ongoing Russia-Ukraine war.…”

Section: Resultssupporting

confidence: 88%

See 1 more Smart Citation

The Role of Export in Boosting Indonesia’s GDP during Crisis: Macroeconomic Conditions

Goestjahjanti,

Pasaribu,

Novitasari

et al. 2023

Etikonomi

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Research examining the determinants of export activities affecting economic growth during the pandemic is gaining global interest, particularly in Indonesia, which recently reduced its fuel subsidy as a unique case in this field. Hence, this study examines the role of export and macroeconomic conditions, including fuel price, exchange rate, and interest rate, in boosting Indonesia’s GDP during the crisis. We examine this relationship by conducting a structural equation model and path analysis on secondary data from 1995-2022. The result shows that both partially and simultaneously, fuel prices, exchange rates, and interest rates significantly affect exports. On the other hand, an increase in export activity improves Indonesian GDP. Thus, simultaneous control of fuel prices, exchange rate, interest rate, and export value can improve Indonesian GDP growth even during the crisis. Based on this result, this article proposes suggestions to the government for a stable fuel price, exchange rate, interest rate, and government policy to promote future economic growth.JEL Classification: E31, E43, F31, C32, O47

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