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Training on Economic Modelling of Indonesian Exports

February 16, 2016 - February 19, 2016

- Jakarta

Understanding the factors that enhance Indonesian exports is critical to ensuring that governments are doing everything they can to improve Indonesia’s position in the global economy. An economic model that can predict export flows is an important tool to help government officials anticipate global export trends and target commodities with the best chance of success in particular countries. The TPSA Project organized a four-day training workshop where 22 participants from the Ministry of Trade learned how to build and run economic models to forecast export activity between Canada and Indonesia. Using EViews, an internationally recognized statistical software, participants learned how to analyze data, complete regressions, and model trade in key commodities between Canada and Indonesia. The models they developed can be used to explain historic trade patterns, forecast future trends in Indonesian exports to Canada and the rest of the world, and examine what trade could look like under a number of different scenarios.