KOINTEGRASI DAN DAMPAK GUNCANGAN INVESTASI LUAR NEGERI TERHADAP EKONOMI AGRIBISNIS DI INDONESIA
Abstract: The objectives of
this research are: (1) to analyze co-integration of the Indonesian agribusiness
economy and its international market, and (2) to analyze the impacts of foreign
investment policies on Indonesian agribusiness economy. This research used time
series econometric approach with the co-integration method of vector error
correction model (VECM), referring to the procedure of Engle-Granger (1987) and
Enders (1995) with the model of structural matrix equation of Pesaran and Smith
(1998). The long term of the Indonesian agribusiness economy will be influenced
by foreign investment shocks. Domestic expectation to the increases of
household consumption, employment and farmers’ income will be determined by the
changes of each own variables. The shocks impact will give positive influence on
agribusiness economic variables in the short as well as in the long terms;
except for employment, agribusiness productivity and farmers’ income.
Keywords: Agribusiness Economy, International Markets,
Foreign Investment Shocks, and Co-integration VECM
Penulis: Iwan Riswandi
Kode Jurnal: jppertaniandd070046
