Efficient: Indonesian Journal of Development Economics
Vol. 8 No. 2 (2025)

Soybean Imports and Economic Resilience: Measuring Their Impact on National Development

Kusuma, Putri Patria (Unknown)
Dewanta, Awan Setya (Unknown)
Margaret, Silvia (Unknown)
Azalia, Areta Nur Fatimah (Unknown)



Article Info

Publish Date
08 Jun 2025

Abstract

Soybeans play an important role in meeting the consumption needs of the Indonesian people. Soybeans also serve as the main raw material in various food industries in Indonesia, such as tofu, tempeh, soy sauce, and other processed products. The high domestic demand has not been matched by domestic production capacity, so Indonesia still relies on imports to meet these needs. This study aims to analyze the factors influencing soybean import volumes in Indonesia using data spanning 23 years, from 2000 to 2022 (time series). This study uses data obtained from official sources such as the Central Statistics Agency (BPS), the Food and Agriculture Organization (FAO), the World Bank, and the Agricultural Information System (AMIS). The method used is a quantitative approach with the Autoregressive Distributed Lag (ARDL) regression technique. This study aims to analyze the influence of GDP, inflation, exchange rate, and production variables on the volume of soybean imports in Indonesia. A series of steps were conducted, starting from stationarity tests, selection of the optimal lag, cointegration tests, to ARDL model estimation. The results show that in the short term, none of the variables have a significant effect. However, in the long term, only GDP and exchange rate have a significant and positive effect on soybean imports.

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Journal Info

Abbrev

efficient

Publisher

Subject

Economics, Econometrics & Finance

Description

Efficient Journal is a journal base on the economics and development studies. This journal publishes a research paper related to specific themes such as macro economics, small and medium enterprises, public policy, monetary economics, development studies, international economics, trade economics, ...