Globalization Boosts Trade Among G7 and Indonesia, Reshaping Economic Landscape
The goal was to find out what factors influence trade between G7 countries and Indonesia. They looked at things like GDP, population, distance, and exchange rates using a method called the gravity model. The study used data from 2007 to 2016. They found that per capita GDP, population, and distance do affect trade between G7 countries and Indonesia. These factors have a significant impact on how much these countries trade with each other.