Proceedings of the International Conference on Trade 2019 (ICOT 2019)

Determinants of Indonesian Gold Export to Singapore in 2006-2017

Authors
Regita Hikmatuz Zakia, Siskarossa Ika Oktora
Corresponding Author
Regita Hikmatuz Zakia
Available Online September 2019.
DOI
10.2991/icot-19.2019.20How to use a DOI?
Keywords
gold export, international trade, ARDL
Abstract

In Southeast Asia, Indonesia is the highest gold producer, in which Singapore has become the main destination for Indonesian gold exports since 2014. The volume of Indonesian gold exports to Singapore increased eightfold compared to 2013. At the same period, Singapore, which is not a gold producer is one of the top 10 countries with the highest gold export value in the world, while Indonesia's position is left behind Singapore. This study aims to analyze the variables that affect the volume of Indonesian gold exports to Singapore in 2006-2017. The analytical method used in this research is Autoregressive Distributed Lags (ARDL). The results showed that in the short term, there were significant effects of gold export volume a quarter prior, Indonesian gold production a year prior, Singapore’s investments a year prior, and exchange rate. In the long term, the exchange rate and gold production were significantly affected by the gold export volume. The policy recommendation is government support in stimulating the establishment of national gold refining and manufacturing industry to increase profits by exporting value-added products through infrastructure and high technology support. The government should encourage the refining and gold manufacturing industries by implementing the Good and Service Tax elimination.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Trade 2019 (ICOT 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
September 2019
ISBN
978-94-6252-798-0
ISSN
2352-5428
DOI
10.2991/icot-19.2019.20How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Regita Hikmatuz Zakia
AU  - Siskarossa Ika Oktora
PY  - 2019/09
DA  - 2019/09
TI  - Determinants of Indonesian Gold Export to Singapore in 2006-2017
BT  - Proceedings of the International Conference on Trade 2019 (ICOT 2019)
PB  - Atlantis Press
SP  - 91
EP  - 95
SN  - 2352-5428
UR  - https://doi.org/10.2991/icot-19.2019.20
DO  - 10.2991/icot-19.2019.20
ID  - Zakia2019/09
ER  -