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Prasetyo Ari Bowo, Prasetyo Ari
Pendidikan Ekonomi Universitas Negeri Semarang
Agriculture, Biological Sciences & Forestry Humanities Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Languange, Linguistic, Communication & Media Materials Science & Nanotechnology Mathematics Medicine & Pharmacology Public Health Social Sciences Other

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Journal : Agro Ekonomi

 1 
Unraveling the Interplay among Inflation, Rice Prices, and Farmers Terms of Trade in Central Java, Indonesia Setiawan, Avi Budi; Yusuf, Mochammad; Prajanti, Sucihatiningsih Dian Wisika; Prasetyo, Farhan Hadi; Bowo, Prasetyo Ari; Maftukhah, Ida
Agro Ekonomi Vol 35, No 1 (2024): JUNE 2024
Publisher : Department of Agricultural Socio-Economics Faculty of Agriculture Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/ae.86078

Abstract

Farmers' Terms of Trade is an essential variable for measuring welfare and is also affected by other factors, such as inflation and rice prices. Therefore, this study aimed to investigate the interplay among inflation, rice prices, and farmers' Terms of Trade in food crop farming in Central Java Province, in short and long term using a dynamic model. A quantitative method employing Autoregressive distributed lags (ARDL) model was used with monthly data from January 2018 to March 2023. The results showed that rice prices and inflation partially had a significant and positive influence on farmers’ Terms of Trade in long term. According to short term estimation, the dependent variable was significantly and positively influenced by farmers' Terms of Trade from the previous 1-2 months. Inflation rate was also shown to have a positive influence on the variable in short term. In addition, rice prices had a positive and significant impact in the previous 3 months, but had no significant influence in recent months. Based on the results, inflation could positively influence farmers’ Terms of Trade in short and long term. However, the recent rice prices had no impact due to the requirement of time lags. The assessment findings showed that recent rice prices could significantly increase farmers’ Terms of Trade in the next 3 months and long term period. 
Co-Authors Agus Dwi Nugroho, Agus Dwi Agus Hermanto Aini Kusrini, Aini Aisyah Nurayati, Aisyah Amin Pujiati Annis Nurfitriana Nihayah Ariyanti, Yuni Avi Budi Setiawan Avi Budi Setiawan Avi Budi Setiawan, Avi Azizah, Farida Nur Bakara, Tionarta Cristanto, Ferdian Adi Deky Aji Suseno, Deky Aji Dian Tri Wiyanti Diva Riza Fahlefi Dwi Prayitno, Angga Dwi Rahmayani Dwi Rahmayani, Dwi Dwi Sukma Donoriyanto Dyah Maya Nihayah Ernawati Ernawati Ernoiz Antriyandarti Fadlli, Azka Fafurida Fafurida Ferdian Adi Cristanto Fredericho Mego Sundoro Grace Natalia Marpaung, Grace Natalia Hengky Pramusinto Hidayah, Nailatul Ida Maftukhah Indri Murniawaty, Indri Jeane Talakua Karsinah Kirana, Dyah Candra Kirana, Dyah Candra Kumala, Sepviana Nur Kusmiati Kusuma, Putri Patria M. Nuur Fauzi Maemonah, Maemonah Maslikhatun, Anjani Miftakhul Khasanah Mochammad Yusuf, Mochammad Mudzofar, Ahmad Muhammad Najibulloh Muzaki Murdiah, Asila Nurmalita, Vega Phany Ineke Putri, Phany Ineke Prasetyo, Farhan Hadi Prastiwi, Fifi Setyo Putri Patria Kusuma Putri, Reza Nadya Isabella Rabeea Muhammad M. Imleesh, Rabeea Muhammad Rahmawati, Bella Mayriska Rahmayanti, Devina Reikha Habibah Yusfi Retno Febriyastuti Widyawati Reza Nadya Isabella Putri Ridwan Maulana, Ridwan Rohmatul Jannah, Neni Rohmatul Jannah, Neni Rosalia, Amelia Choya Tia Samsul Afif Rahula Shanty Oktavilia Suci Wulandari Sucihatiningsih Dian Wisika Prajanti Sucipto Sumiati Sumiati Timung Tri Prasetyo, Timung Tri Tri Prasetyo, Timung Tri Prasetyo, Timung Wijang Sakitri Yozi Aulia Rahman, Yozi Aulia YUNIARTI, RAHMA