Determinants of Indonesian Net Exports of Oil and Gas (1989-2019)

Abstract

Indonesia is a country that can be said to be the largest oil and gas producing country and is an oil and gas exporter. However, over time, Indonesia's oil and gas imports show a relatively high trend and decline every year due to the increase in domestic fuel oil refinery capacity and domestic oil and gas production is still unable to meet domestic fuel needs. As a result, Indonesia has not been able to enjoy oil and gas optimally. This purpose of the research is to find out whether macroeconomic variables can affect the net export of oil and gas in Indonesia. This research using non probability purposive sampling and total of the sample were 31 samples. This research is quantitative data collection based from data that already available on internet and this research using Eviews 9 for process the data based on the hypothesis. Based from the research, the result from this research is GDP negative and significant on net export, either exchange rate also negative and significant on net export. On inflation result is positive insignificant on net export

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