The Contribution of Empowerment of the Palm Oil Industry on Employment and Palm Oil Exports in Bangka Belitung Island Province

Abstract

Palm oil has not best emerge as the maximum critical contributor to the usa's foreign exchange from the increasing export price, but has additionally come to be a driving force for the regional economy, absorbing labor and alleviating poverty in rural areas. The Province of the Bangka Belitung Islands turned out to be not only a tin ore producing area, there are other potentials possessed by this province in the east of Sumatra Island. This potential is the palm oil commodity which has a big contribution to the economy of Bangka Belitung. The palm oil industry is also a labor-intensive industry that absorbs a lot of labor and exports of palm oil dominate the derivative merchandise of the palm oil enterprise. Research method used is data panel regression with a research period from 2016 to 2022. The results show that empowerment of palm oil enterprise has a enormous and tremendous impact on employment and palm oil exports in the Bangka Belitung Island province.