INTEGRASI PASAR BERAS INDONESIA DENGAN PASAR BERAS INTERNASIONAL

Catur Sugiyanto, Soetatwo Hadiwigeno

Abstract


The food crisis that was triggered by climate change has swept the world lately. Climate change is affecting the pattern of the world that led to changes in the pattern of agricultural production as well. Changes in the pattern of production results in world food production schedule was delayed, and along with these changes, many countries export so that world food prices increase. Rising world food prices starting from US and then spread in the other parts of the world, including Indonesia. However, it is unknown how big relatedness of International food prices changes with food prices in Indonesia. This paper aims to analyze the connectedness between domestic rice market with international market, how long shock in international rice impact on the domestic market and to analyze interlinkage in domestic primary rice market.  Using data rice price in indonesia and international rice price of FAO, writer found that market rice integrated both in domestic and foreign, so the fluctuations in both markets would affect each other

Keywords:  Food Crisis, Production Pattern,  Domestic and International Market Integration


Full Text:

PDF

References


Alexander C and Wyeth J (1994), Cointegration and market integration: an application to Indonesian rice market, Journal of Development Studies, 30:303-328

Ardeni, P.G. 1989, Does the Law of One Price hold for commodity prices? American Journal of Agricultural Economics, 71: 303-328

Baffes, J 1991, Some further evidence of The Law of One Price, American Journal of Agricultural Economics, 4:21-37

Baulch, B. (1997). “Testing for Food Market Integration Revisited.” Journal of Development Studies 33(4): 512-34.

Dickey, D. & Fuller, W. 1979. Distribution of the Estimators for autoregressive time series with a unit root, Journal of the American Statistical Association, 74:427-431.

Engle, R.F. & Granger, C.W.J. 1987. Cointegration and error correction: representation, estimation and testing, Econometrica, 55:251-276.

Gardner B and K Brooks, 1994; Food price and market integration in Russia:1992- 1993, American Journal of Agricultural Economics, 76:641-666.

Granger, C.W.J. 1988. Some recent developments in the concept of causality." Journal of Econometrics, 39:199-211.

Hamilton, J.D. 1994. Time Series Analysis. Princeton: Princeton University Press.

Ismet M (2000), Analisis Efisiensi pasar beras di Indonesia, Jurnal Ekonomi dan Bisnis Indonesia, Fakultas Ekonomi UGM

Maddala, G.S & Kim, I. 1998. Unit roots, cointegration and structural change. Cambridge University Press.

Palaskas T and Harriss B 1993; Testing market integration: a new approaches case material from the West Bengal food economy, Journal of Development Studies, 30:1-57.

Patunru, A (2004), Analisis Pasar Beras, Jagung, Kedelai, dan Gula di Indonesia, Laporan Ketahanan Pangan kerjasama Bulog dengan LPEM UI, IPB, PSEKP-UGM

Phillips, P.C.B. & Perron, P. 1988. Testing for a unit root in time series regression. Biometrica, 75:335346.

Phillips, P.C.B. 1987. Time Series Regression with a Unit Root. Econometrica, 55:277-301.

Ravallion, M 1986; Testing Market Integration, American Journal of Agricultural Economics, 68(2): 292-307.

Sexton R, C Kling and H Carman, 1991; Market Integration, Efficiency of Arbitrage, and Imperfect Competition: Methodology and Application to US Celery Markets, American Journal of Agricultural Economics, 73: 568-580

Suryana A (1987), The impact of export tax on the palm oil market in Indonesia, Unpublished Dissertation, North Carolina State University

Sugiyanto, C (2002), The impacts of trade liberalization on the Indonesian palm and coconut oil markets, unpublished Dissertation, University of Illinois

Zanias, G. 1993. Testing for integration in European Community agricultural product markets. Journal of Agricultural Economics, 44:418-427.




DOI: https://doi.org/10.29244/jekp.1.2.79-103

Editorial Office

JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN

Department  Economics
Faculty of Economics and Management, IPB University.
Agatis Street, Campus of IPB Dramaga, Bogor 16680, West Java, Indonesia
Phone/Fax: (0251) 8626602 ; Email: jekp@apps.ipb.ac.id Website: https://jurnal.ipb.ac.id/index.php/jekp/index

 

 

 

Creative Commons License
Jurnal Ekonomi dan Pembangunan is licensed under a Creative Commons Attribution 4.0 International License.