Eka Intan K.P.
Unknown Affiliation

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

Dampak Kenaikan Harga Minyak Bumi terhadap Ketersediaan Minyak Goreng Sawit Domestik Hartoyo, Sri; Intan K.P., Eka; Novindra, Novindra; Hastuty, Hastuty
Jurnal Ekonomi dan Pembangunan Indonesia Vol 11, No 2 (2011): Januari
Publisher : Department of Economics-FEUI

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This paper attempts to examine the impact of rising fossil fuel prices on the increasing impact on the demand of alternative fuels (biofuels), and its impact on food availability in Indonesia. An econometric model using simultaneous equations is employed. An increase in world crude oil price for 0,192 percent caused the price of real Indonesian palm oil export raised by 10,64 percent. Consequently, a larger biodiesel production is needed to meet their crease of world´s consumer demand for biodiesel. Also, with the increase in real export price of Indonesian palm oil, it will encourage palm oil producers to push their export volume. Indonesian palm oil exporter expected to increase by 6,37 percent to finally push the domestic CPO price increase for 1,85 percent. Rising domestic oil prices are causing oil demand in the palm oil industry to decline by 0,49 percent and in the end resulting in the decline of palm oil production by 1,56 percent.
Dampak Kenaikan Harga Minyak Bumi terhadap Ketersediaan Minyak Goreng Sawit Domestik Hartoyo, Sri; Intan K.P., Eka; Novindra, Novindra; Hastuty, Hastuty
Jurnal Ekonomi dan Pembangunan Indonesia Vol 11 No 2 (2011): Januari
Publisher : Department of Economics-FEB UI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (189.225 KB) | DOI: 10.21002/jepi.v11i2.188

Abstract

This paper attempts to examine the impact of rising fossil fuel prices on the increasing impact on the demand of alternative fuels (biofuels), and its impact on food availability in Indonesia. An econometric model using simultaneous equations is employed. An increase in world crude oil price for 0,192 percent caused the price of real Indonesian palm oil export raised by 10,64 percent. Consequently, a larger biodiesel production is needed to meet their crease of world's consumer demand for biodiesel. Also, with the increase in real export price of Indonesian palm oil, it will encourage palm oil producers to push their export volume. Indonesian palm oil exporter expected to increase by 6,37 percent to finally push the domestic CPO price increase for 1,85 percent. Rising domestic oil prices are causing oil demand in the palm oil industry to decline by 0,49 percent and in the end resulting in the decline of palm oil production by 1,56 percent.