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
