IDEAS home Printed from https://ideas.repec.org/a/uii/journl/v4y2012i1p25-36.html
   My bibliography  Save this article

Modelling Indonesian oil and gas export

Author

Listed:
  • Sofyan Syahnur
  • Nawafil

    (Economics Faculty, Syiah Kuala University
    Master Program in Economics, Syiah Kuala University)

Abstract

This study investigates factors affecting Indonesian oil and gas export to six main importing countries. A simultaenuous equation model containing demand and supply equation is used to analyze the problem. A two-stage least squares method is employed to estimate the model. The results show that exchange rate does not statistically influence Indonesian oil and gas export demanded. It also finds that the Gross Domestic Product (GDP) of importing countries and Indonesian oil and gas price statistically affect the demand. From the supply model analysis, price statistically affects Indonesian oil and gas export supplied. In addition, Indonesian oil and gas production influences the supply.

Suggested Citation

  • Sofyan Syahnur & Nawafil, 2012. "Modelling Indonesian oil and gas export," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 4(1), pages 25-36, April.
    • Handle: RePEc:uii:journl:v:4:y:2012:i:1:p:25-36
    DOI: http://dx.doi.org/10.20885/vol4iss1aa3173
    as

    Download full text from publisher

    File URL: https://journal.uii.ac.id/JEP/article/download/3173/2889
    Download Restriction: no
    File URL: https://journal.uii.ac.id/JEP/article/view/3173/2889
    Download Restriction: no
    File URL: https://libkey.io/http://dx.doi.org/10.20885/vol4iss1aa3173?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dargay, Joyce M. & Gately, Dermot, 2010. "World oil demand's shift toward faster growing and less price-responsive products and regions," Energy Policy, Elsevier, vol. 38(10), pages 6261-6277, October.
    2. Mark Smith, 2004. "Impact of the exchange rate on export volumes," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 67, march.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Selien De Schryder & Gert Peersman, 2016. "The U.S. Dollar Exchange Rate and the Demand for Oil," The Energy Journal, , vol. 37(1), pages 90-114, January.
    2. Fakhri J. Hasanov & Muhammad Javid & Frederick L. Joutz, 2022. "Saudi Non-Oil Exports before and after COVID-19: Historical Impacts of Determinants and Scenario Analysis," Sustainability, MDPI, vol. 14(4), pages 1-38, February.
    3. Adofo, Yaw Osei & Evans, Joanne & Hunt, Lester Charles, 2013. "How sensitive to time period sampling is the asymmetric price response specification in energy demand modelling?," Energy Economics, Elsevier, vol. 40(C), pages 90-109.
    4. Huntington, Hillard G. & Barrios, James J. & Arora, Vipin, 2019. "Review of key international demand elasticities for major industrializing economies," Energy Policy, Elsevier, vol. 133(C).
    5. Alkhathlan, Khalid & Gately, Dermot & Javid, Muhammad, 2014. "Analysis of Saudi Arabia's behavior within OPEC and the world oil market," Energy Policy, Elsevier, vol. 64(C), pages 209-225.
    6. Christiane Baumeister & Gert Peersman, 2013. "Time-Varying Effects of Oil Supply Shocks on the US Economy," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(4), pages 1-28, October.
    7. Jo, Soojin & Karnizova, Lilia & Reza, Abeer, 2019. "Industry effects of oil price shocks: A re-examination," Energy Economics, Elsevier, vol. 82(C), pages 179-190.
    8. Yousaf Raza, Muhammad & Lin, Boqiang, 2021. "Oil for Pakistan: What are the main factors affecting the oil import?," Energy, Elsevier, vol. 237(C).
    9. Shafaai, Shafizal & Masih, Mansur, 2018. "The dynamics of growth, exports, exchange rate and foreign direct investment: evidence from Malaysia," MPRA Paper 102538, University Library of Munich, Germany.
    10. Alquist, Ron & Kilian, Lutz & Vigfusson, Robert J., 2013. "Forecasting the Price of Oil," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 427-507, Elsevier.
    11. Rafaty, R. & Dolphin, G. & Pretis, F., 2020. "Carbon pricing and the elasticity of CO2 emissions," Cambridge Working Papers in Economics 20116, Faculty of Economics, University of Cambridge.
    12. Joana Garcia & João Amador, 2023. "Currency choices and the role of the U.S. dollar in international services trade," Working Papers w202316, Banco de Portugal, Economics and Research Department.
    13. Bahattin Buyuksahin & Reinhard Ellwanger & Kun Mo & Konrad Zmitrowicz, 2016. "Low for Longer? Why the Global Oil Market in 2014 Is Not Like 1986," Staff Analytical Notes 16-11, Bank of Canada.
    14. Höök, Mikael & Tang, Xu, 2013. "Depletion of fossil fuels and anthropogenic climate change—A review," Energy Policy, Elsevier, vol. 52(C), pages 797-809.
    15. Nazlioglu, Saban & Kassouri, Yacouba & Kucukkaplan, Ilhan & Soytas, Ugur, 2022. "Convergence of oil consumption: A historical perspective with new concepts," Energy Policy, Elsevier, vol. 168(C).
    16. James D. Hamilton, 2012. "Oil Prices, Exhaustible Resources, and Economic Growth," NBER Working Papers 17759, National Bureau of Economic Research, Inc.
    17. Fischer, Carolyn & Salant, Stephen W., 2017. "Balancing the carbon budget for oil: The distributive effects of alternative policies," European Economic Review, Elsevier, vol. 99(C), pages 191-215.
    18. Liu, Shuli & Shukla, Ashish & Nandra, Taranjit, 2017. "Technological, environmental and economic aspects of Asphalt recycling for road construction," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 879-893.
    19. Nihan Nur Akhan & Anil Donmez & Refik Erzan & Tolga Umut Kuzubas, 2018. "Exchange Rates and Export Behavior: Firm-level Evidence from Turkey," Working Papers 2018/02, Bogazici University, Department of Economics.
    20. Steve Crawford & Garen Markarian & Volkan Muslu & Richard Price, 2021. "Oil prices, earnings, and stock returns," Review of Accounting Studies, Springer, vol. 26(1), pages 218-257, March.

    More about this item

    Keywords

    Oil and gas export; simultaneous equation model; exchange rate; GDP;
    All these keywords.

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uii:journl:v:4:y:2012:i:1:p:25-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana Yuliani (email available below). General contact details of provider: https://journal.uii.ac.id/JEP/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.