Do The Petroleum Production, Exports and Imports Have an Impact on Development on Several Developing Asian Countries Compared with Developing European and American Countries on Statistical Differences for The Theory of International Trade?
(Pages 130-138)Gusnardi1, Iskandar Muda2,*, Adisty Christalia Br Surbakti3, Ikyut Tanthree Yulisa Sitinjak4, Oktaviana R.P. Mas Gultom5 and Abdul Nasser Hasibuan6
1Economic Education Studies Program, Universitas Riau, Indonesia.
2,3,4,5Faculty Economic and Business, Akuntansi, Universitas Sumatera Utara, Medan, Indonesia.
6Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary, Padangsidempuan, Indonesia.
DOI: https://doi.org/10.55365/1923.x2024.22.15
Abstract:
This research aims to determine the influence of petroleum production in several developing countries in Asia compared to developed countries in Europe and America on exports and imports for the 2016-2020 period. Petroleum production in this study is measured by the volume of petroleum production, exports and imports each year. This research was conducted in Developing Asian Countries and Developed European and American Countries. Purposive sampling of 5 countries with research for the 2016-2020 period. This research data is secondary data from statement reports from 5 countries published in The JODI Gas World Database. This research data processing method uses Descriptive Statistics Test, Classical Assumption Test, Linear Regression Test using EViews. Based on the research results, it was obtained: (1) The petroleum production variable has a negative and insignificant effect on statistical differences, (2) The petroleum import variable has a positive and significant influence on statistical differences, (3) The petroleum export variable has a negative and insignificant effect on statistical differences.
Keywords:
International Trade, Production, Import, Export, Statistical difference.
JEL classifications:
N75, O13, P28, Q43.
How to Cite:
Gusnardi, Iskandar Muda, Adisty Christalia Br Surbakti, Ikyut Tanthree Yulisa Sitinjak, Oktaviana R.P. Mas Gultom and Abdul Nasser Hasibuan. Do The Petroleum Production, Exports and Imports Have an Impact on Development on Several Developing Asian Countries Compared with Developing European and American Countries on Statistical Differences for The Theory of International Trade?. [ref]: vol.22.2024. available at: https://refpress.org/ref-vol22-a15/
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