THE IMPACT OF EU PALM OIL RESOLUTION ON THEPERFORMANCE OF ASEAN MACROECONOMIC AND TRADE AND CHANGE IN WORLD SOCIETY WELFARE

Haryadi, Haryadi and Hodijah, Siti (2020) THE IMPACT OF EU PALM OIL RESOLUTION ON THEPERFORMANCE OF ASEAN MACROECONOMIC AND TRADE AND CHANGE IN WORLD SOCIETY WELFARE. South East Asia Journal of Contemporary Business, Economics and Law, 21 (2). pp. 38-49. ISSN 2289-1560

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Abstract

The main objectives of this research are (1) to analyze the flow map of world palm oil trade, (2) to analyze the impact of palm resolution by the European Parliament on ASEAN macroeconomic and sectoral performance, (3) to analyze the impact of palm oil resolution on the society welfare of the European Union (EU). This study uses a multi-country general equilibrium model known as the General Trade Analysis Project (GTAP) model. The simulation results show that (1) the EU is not the main export destination of ASEAN countries (Indonesia, Malaysia and Thailand). Although the EU's market share is quite large, none of the ASEAN countries makes the EU a major export destination. (2) implementation of the palm oil resolution policy by the EU, although it has a negative impact on the macroeconomic performance of the world's largest palm oil exporting countries, but the impact is relatively small both on macro and sectoral economic performance, (3) the implementation of the palm oil resolutionpolicy not only reduces the welfare of the community in the palm oil producing countries, but also decreases the welfareof The EU itself. Based on these findings, we came to the conclusion that the resolution of palm oil did not have a significant effect on ASEAN economic performance and was even worse in relation to the welfare of the people in the EU

Type:	Article
Subjects:	H Social Sciences > HF Commerce
Divisions:	Fakultas Ekonomi dan Bisnis > Ekonomi Pembangunan
Depositing User:	HARYADI
Date Deposited:	22 Mar 2021 19:15
Last Modified:	22 Mar 2021 19:15
URI:	https://repository.unja.ac.id/id/eprint/17995

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