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An Examination of Palm Oil Export Competitiveness through Price-nominal Exchange Rate

ABSTRACT This article analyzed 26 countries’ long-term relationship between the nominal exchange rate, international palm oil prices, and exports competitiveness from 2007 to 2015. Unit root tests, Kao-Padroni joint tests, a fully modifiable ordinary least squares, and a dynamic ordinary least squares model were used. It was found that an increase in the exchange rate favored palm oil exports’ competitiveness as well as a decrease in its price. This study determines the competitiveness of crude and refined palm oil exports through non-conventional statistical analysis.