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Journal of Management & Agribusiness , Volume 12, Issue 3, 2015, pp. 204-215

INTEGRASI PASAR KARET ALAM SIT ASAP ANTARA PRODUSEN UTAMA DENGAN PASAR BERJANGKA DUNIA

Abstract :

The purpose of this recearch is to detemine the integration between the main producers of ribbed smoked sheet/RSS and world commodity exchange. This research used vector autoregressionmodel (VAR) with no consideration of cointegration based on the daily price data from January 2013 to December 2014. The results showed that not all market’s RSS integrated. But in the short term proved that the Singapore Commodity Exchange and Tokyo Commodity Exchange affect the market price formation in Indonesia and Thailand. Overall the response of each market is relatively small to price in the Singapore and Japan stock thus less strongly affect the prices established in each market. The results also show the price at the commodity exchange of Singapore and Japan became the source of the greatest affect in explaining the variability of prices in both stock markets

Keywords : RSS, market integration, VAR, market price, ribbed
Subject Area : Accounting Business, Management and Accounting (miscellaneous) Marketing Social Sciences (miscellaneous) Strategy and Management

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