Indonesia cocoa bean in international trade
Keywords:
econometrics models, exports of cocoa, Indonesia cocoa bean, international trade, world cocoa pricesAbstract
This study was conducted to determine whether the variable amount of production of cocoa beans, cocoa plantation area, the number of exports of cocoa beans, cocoa stock domestic, world cocoa prices, the exchange rate and overseas income influence the supply and demand of Indonesian cocoa beans. Through various variables descriptions above, such as the amount of production of cocoa beans, the number of exports of cocoa beans, cocoa stocks, world cocoa prices, foreign income, exchange rate or the exchange rate, this research focused on an econometric model of the Indonesian Cocoa Supply and Demand. the results of this study are on the supply function of Indonesian cocoa on the international market, with the independent variables are used (level of productivity of Indonesian cocoa plantations, the exchange rate, the price expectations of the world cocoa and cocoa previous year supply or lag 1) shows that the variation deals cocoa beans can be explained by a variable-variable in the model, amounting to 95.91 percent. Variable price expectations (PE), the productivity of Indonesian cocoa plantations (K), the number of supply cocoa beans (QS) has a positive relationship with the cocoa bean supply at present. While variable-rate (K) was negatively related.
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