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The Effect of Export-Related Measures on Indonesian Export of Palm, CPO, and Its Derivative Products

Author

Listed:
  • Edy Krismanto Sipayung
  • Christina Ruth Elisabeth

    (Universitas Indonesia, Indonesia)

Abstract

This study investigated the effect of Export-Related Measures (ERMs) imposed by the Government of Indonesia on the export volume and value of palm, Crude Palm Oil (CPO), and its derivatives products utilizing the export data of Indonesia to 194 destination countries in the 2011–2020 period. This study combined the dataset of ERMs from the United Nations Conference on Trade and Development (UNCTAD) database and relevant Indonesian regulations. The results reveal that ERMs have a positive and significant effect on both the export volume and value of Indonesian palm, CPO, and its derivatives products. The price-raising effect or costs of ERMs in these products is relatively high, approximately 38.36%. However, the price-raising effect remains lower than the market-creating effect, as confirmed by the estimation results of indirect country characteristics. This study proposes a policy to strengthen the capacity of exporters to comply with ERMs and to harmonize the ERMs in Indonesia with import measures imposed by export destination countries.

Suggested Citation

  • Edy Krismanto Sipayung & Christina Ruth Elisabeth, 2023. "The Effect of Export-Related Measures on Indonesian Export of Palm, CPO, and Its Derivative Products," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 69, pages 113-127, December.
  • Handle: RePEc:lpe:efijnl:202308
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    More about this item

    Keywords

    AVEs; Conformity assessment institution; Export-Related Measures; Indonesia; Palm; CPO; and its derivatives products;
    All these keywords.

    JEL classification:

    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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