标题：The Effect of Global Prices of Crude Palm Oil, Marketing Margins and Palm Oil Plantations on the Environmental Destruction: An Application of Johansen Cointegration Approach
期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2019
卷号：9
期号：4
页码：305-312
DOI：10.32479/ijeep.8010
出版社：EconJournals
摘要：As the most important factor in the world, palm oil is a crucial element that contributed to economic growth of a country. Besides as a role of the important
vegetables oil, palm oil also gives a negative effect on environment through expanding the palm oil plantation. Therefore, this study aims to investigate the
effect of global crude palm oil (CPO) price, marketing margins, and palm oil plantations on environmental destruction in the short-term and long-term. For
examining the short-term and long-term effect, this study used Johansen Cointegration approach involving the bivariate causality with the Pirwise Granger
Causality test and multivariate causality relationships with the Wald test. Also, we analyzed the responds of independent variables to dependent variable
using impulse response (IRF) and variance decomposition (VD). This study used a monthly secondary data starting on 2008 to 2017 i.e. Environmental
Quality Index, Global CPO price, Marketing margins and palm oil plantations. The data collected from 5 sources i.e. Central Bureau of Statistic (BPS),
Food and Agriculture Organization (FAO), World Trade Organization, Central Bank of Indonesia (BI) and the Central Bank of Malaysia (BNM). The
results of analysis shows that there is long-term relationship of global CPO price, marketing margins, and palm oil plantations on environmental quality
index. For short run, this study found that global CPO price has a significant positive effect on environmental quality index. Meanwhile, the size of palm
oil plantation and marketing margins have a significant negative effect on environmental quality index in Indonesia. Also, using the bivariate test, this
study proves that there is one way causality relationship between the global CPO prices, marketing margins and size of oil palm area on environmental
quality index. In addition, the global CPO prices and marketing margins fluctuations causing shock in environmental quality index.
