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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
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    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.
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    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

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