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Indonesia Growth of Economics and the Industrialization Biodiesel Based CPO

Author

Listed:
  • Faurani Santi Singagerda

    (Faculty of Economics, University of Sang Bumi Ruwa Jurai, Bandar Lampung, Lampung, Indonesia,)

  • Tri Yuni Hendrowati

    (Pringsewu School of Education, Lampung, Indonesia,)

  • Anuar Sanusi

    (Darmajaya Institute Informatics and Business, Lampung, Indonesia.)

Abstract

This study aimed to analyses the impact of palm oil-based biodiesel development on growth and poverty in Indonesia that combined with government policy using simultaneous equation econometric 2 SLS s models. The result shows that if the export tax, and government expenditure in industry increase; then domestic exchange rate (IDR) and interest rate decrease, those will give positive impact on economy growth and vice versa gives a negative impact to poverty. The simulation may apply to know the impact on economy growth, and poverty in Indonesia by the development. The study found that palm oil-based biodiesel development can create a growth and poverty in Indonesia and CPO biodiesel development can be synergized with the increasing export tax and government expenditure in industry, so growth and poverty-reducing in Indonesia will be better and qualify. However, government must maintain stability of exchange rate fluctuation because the impact can reduce CPO production industry.

Suggested Citation

  • Faurani Santi Singagerda & Tri Yuni Hendrowati & Anuar Sanusi, 2018. "Indonesia Growth of Economics and the Industrialization Biodiesel Based CPO," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 319-334.
    • Handle: RePEc:eco:journ2:2018-05-41
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    Citations

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    Cited by:

    1. Tamás Mizik & Gábor Gyarmati, 2021. "Economic and Sustainability of Biodiesel Production—A Systematic Literature Review," Clean Technol., MDPI, vol. 3(1), pages 1-18, January.
    2. Andi Desfiandi & Faurani Santi Singagerda & Anuar Sanusi, 2019. "Building an Energy Consumption Model and Sustainable Economic Growth in Emerging Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 51-66.
    3. Anuar Sanusi & Faurani Santi Singagerda & Ahmad Zaharuddin Sani, 2021. "World Oil Price Shocks in Macroeconomic ASEAN +3 Countries: Measurement of Risk Management and Decision-making a Linear Dynamic Panel Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 75-83.
    4. Mizik, Tamás & Gyarmati, Gábor, 2022. "A biodízel-termelés gazdasági és fenntarthatósági vizsgálata szakirodalom-elemzéssel [Systematic literature review on the economic dimension and sustainability aspects of biodiesel production]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 643-669.

    More about this item

    Keywords

    Crude Palm Oil; Energy; Industry; Economic growth; Poverty;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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