The Impact of Fiscal Incentives and Macroeconomic Conditions on Export Performance: Evidence from Bonded Zone Companies in Indonesia
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Exchange Rates, Export Performance, Fiscal Incentives, Inflation Rates, Manufacturing Enterprises
Abstract
Research Originality — This study provides empirical novelty by examining manufacturing companies that exclusively receive fiscal incentives in bonded zones, together with key macroeconomic variables over the 2019-2024 period, an area that has received limited attention in prior studies on export performance in Indonesia.
Research Objective — This study aims to analyze the effects of bonded zone fiscal incentives and key macroeconomic factors on the export performance of manufacturing firms in Indonesia.
Research Methods — This study employs a quantitative approach using data obtained from the DGCE database and other relevant sources, with samples selected through purposive sampling from manufacturing firms receiving bonded zone fiscal incentives over the 2019-2024 period. The analysis applies panel data regression techniques to test the proposed hypotheses.
Empirical Results — The results show that fiscal incentives improve companies’ export performance. The analysis also indicates that inflation rates have a positive effect on export performance, consistent with findings from prior studies.
Implications — In addition, the policymakers could use this study to evaluate the effectiveness of fiscal incentives comprehensively, with a focus on the bonded zone policies for long-term implementation.
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