sharma-theroleofpalmoilprice-2020.pdf (322.69 kB)
Download file

The role of palm oil price in Indonesia's aggregate demand

Download (322.69 kB)
journal contribution
posted on 01.01.2020, 00:00 authored by Susan SharmaSusan Sharma
This study examines the predictability of Indonesia’s aggregate demand using palm oil price. We conduct both in-sample and out-of-sample forecasting evaluations. These evaluations are based on time-series quarterly and monthly data frequencies and cover three different forecasting horizons. Overall, we find that palm oil price predicts real GDP, consumption expenditure, total investment, net spending from overseas, while predictability of government spending is sensitive to the use of forecasting approaches and horizons.

History

Journal

Buletin Ekonomi Moneter dan Perbankan

Volume

23

Issue

2

Pagination

161 - 178

Publisher

Bank Indonesia, Central Banking Research Department

Location

Jakarta, Indonesia

ISSN

1410-8046

eISSN

2460-9196

Language

eng

Publication classification

C1 Refereed article in a scholarly journal; C Journal article

Usage metrics

Categories

Keywords

Exports