INTEGRASI PASAR KAKAO INDONESIA

ABSTRACT: Indonesia is the third largest cocoa producing country in the world. The cocoa price in Indonesia refers to  the  world price. This paper examines the efficiency of world’s cocoa price that  is transmitted to cocoa price in  Indonesia  and in  major cocoa producing  provinces, such as North Sumatera, South Sulawesi, Central Sulawesi, South East Sulawesi and North Sulawesi.  The efficiency of the transmission can be calculated by testing the cocoa’s market integration using two indicators, i.e. short market segmentation and short-run integration. The result showed that the  cocoa market  in Indonesia was  segmented and not integrated with  the  world market.  The cocoa markets in North Sumatera and Central Sulawesi were segmented with the world market, but other provinces were not. On the other hand, only the cocoa market in North Sumatera was integrated in short-run with the world market.
Keywords: Market Integration, Market Segmentation, and Short-run Integration
Penulis: Amzul Rifin,  dan Fitri Nurdiyani
Kode Jurnal: jppertaniandd070048

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Jp Pertanian dd 2007