FAKTOR-FAKTOR YANG MEMPENGARUHI IMPOR MINYAK MENTAH DI INDONESIA TAHUN 1980-2016
Abstract
This study aims to identify the factors that influence Indonesian crude oil imports from 1980-2016 and analyze changes in the factors that affect crude oil imports in Indonesia from 1980 to 2016. The method used in this study is the Error Correction Model (ECM). This study uses secondary data in the form of annual time series from 1980-2016 with Eviews 7 software applications.
The results of the study using ECM analysis show that simultaneously long-term and short-term tests of foreign exchange reserves, exchange rates, GDP, consumption, production, and prices have a significant effect on crude oil imports in Indonesia. While partially the long-term regression test of variable foreign exchange reserves, exchange rates, GDP, production and consumption has a positive and significant effect on crude oil imports in Indonesia. Price variable has a negative and not significant effect on Indonesian crude oil imports. Partially testing in the short term variable foreign exchange reserves, GDP, production and prices have a positive and significant effect on crude oil imports in Indonesia. Exchange rate and consumption variables have a positive and not significant effect on crude oil imports in Indonesia.