Assessing the impact of limiting Indonesian palm oil exports to the European Union

Autor:	Amzul Rifin, Feryanto, Herawati, Harianto
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	Palm oil European Union Import Economic growth development planning HD72-88 Economics as a science HB71-74
Zdroj:	Journal of Economic Structures, Vol 9, Iss 1, Pp 1-13 (2020)
Druh dokumentu:	article
ISSN:	2193-2409
DOI:	10.1186/s40008-020-00202-8
Popis:	Abstract The latest challenge faced by the Indonesian palm oil industry concerns the Delegated Act that has been adopted to limit the use of palm oil in biofuels because palm oil is considered to not support the sustainable development program. The objective of this article is to assess the suspension of Indonesia’s palm exports to the European Union in terms of Indonesia’s economic conditions. The Global Trade Analysis Project (GTAP) model is used to assess the impact, and the results indicate that the suspension will not create significant impacts on the economic growth, GDP, macro-welfare, and exports and imports of Indonesia.
Databáze:	Directory of Open Access Journals
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