Economic impacts of biodiesel policy in Indonesia: a computable general equilibrium approach

Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 9 Results sensitivity analysis: reducing the parameters by half and doubling up the parameters

Macroeconomic variables	Result of simulation (%)		Result of sensitivity analysis where parameters are reduced by half (%)		Result of sensitivity analysis where parameters are doubled (%)
Macroeconomic variables	Simulation 1	Simulation 2	Simulation 1	Simulation 2	Simulation 1	Simulation 2
Balance of trade/GDP	0.023	− 0.122	0.005	− 0.151	0.048	− 0.092
Terms of trade	− 0.127	− 0.734	− 0.179	− 0.752	− 0.094	− 0.660
Average capital rental	0.004	− 0.112	− 0.029	− 0.139	0.028	− 0.077
Consumer price index	0.026	0.120	0.041	0.130	0.016	0.103
Average real wage	0.096	0.200	0.112	0.206	0.084	0.176
Real GDP from expenditure side	0.058	0.103	0.058	0.099	0.059	0.100
Real household consumption	0.018	0.151	0.050	0.186	− 0.014	0.116
Import volume index	− 0.195	− 0.196	− 0.114	− 0.094	− 0.276	− 0.273
Aggregate real investment expenditure	0.017	0.145	0.017	0.137	0.018	0.138
Export volume index	0.064	− 0.105	0.043	− 0.141	0.084	− 0.093
Aggregate real government demand	0.038	0.211	0.048	0.212	0.030	0.192