Indonesian molasses export supply in world trade

Muhammad Teguh Iman Aris Bandriyo (Faculty of Economics and Management, IPB University, Indonesia)
Yusman Saukat (Faculty of Economics and Management, IPB University, Indonesia)
Amzul Rifin (Faculty of Economics and Management, IPB University, Indonesia)

Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Vol. 10 No. 1 (2022): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah

This study examines the factors affecting Indonesian molasses exports in international trade using time series data from 2003 to 2019. The analysis tool used is the Error Correction Model (ECM). The analysis results show that in the long run, the variables of molasses production, exchange rates, and inflation have a significant effect on Indonesia's molasses export supply. In contrast, Indonesia's GDP, molasses export prices, and world CPO prices have no significant effect. In the short run, the variables of molasses production, world molasses prices, exchange rates, and inflation have a significant effect. The variables of Indonesia's GDP, molasses export prices, and world CPO prices have no significant effect on Indonesia's molasses export supply in world trade.