THE EFFECT OF PALM OIL COMMODITY EXPORTS, RUPIAH EXCHANGE RATE AND INFLATION ON FOREIGN EXCHANGE RESERVES IN INDONESIA
DOI:
https://doi.org/10.29103/icofeb.v2i-.1159Keywords:
Palm Oil Exports, Rupiah Exchange Rate, Inflation, Foreign ExchangeAbstract
This study aims to identify the impact of palm oil exports, rupiah conversion scale and expansion on foreign trade ownership in Indonesia. This study uses time series information from Food and Agriculture, the World Bank, and Bank Indonesia for 32 years, from 1990 to 2022. After that, the Autoregressive Distributed Lag (ARDL) model is used to conduct data analysis. This study found that palm oil exports have a positive and significant impact on foreign exchange reserves over time, while the palm oil export variable has a positive and insignificant impact on reserves in the short term. The conversion scale variable affects foreign trade ownership temporarily but in the long term, the swapping scale makes a positive and irrelevant comparison. While short-term and long-term inflation have a negative and significant impact on foreign exchange reserves, the inflation variable
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