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Market Integration Analysis of Indonesian Natural Rubber in the World Market

机译:世界市场印尼天然橡胶市场整合分析

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The integration of the export and import market scan be reflected not only by the relationship between the market price and its imports, but it also can be reflected by the relationship between the market prices of imports and exports. The objective of this study is to analyze the degree of integration of Indonesia’s natural rubber prices in the international market. The data used in this research is secondary time series data in 1980-2013 from IRSG, BPS, FAO, Gapkindo, UN Comtrade, BI, and the World Bank. The method of analysis using the index of Market Connection(IMC) to measure the index of market integration between the price of natural rubber in China, Japan, Singapore, and South Korea as a follower market and the price of natural rubber in the reference market(market leader) in this case is the United States. The results showed that Indonesia’s natural rubber prices in the international market is not integrated with China, Japan, and South Korea for the short term but it may be integrated in the long-term. The result seem to different to the Singapore that it market being integrated with the international market both for short term and long term periods.
机译:进出口市场扫描的一体化不仅可以通过市场价格与其进口之间的关系来反映,而且可以通过进出口市场价格之间的关系来反映。这项研究的目的是分析印尼天然橡胶价格在国际市场上的整合程度。本研究中使用的数据是IRSG,BPS,FAO,Gapkindo,UN Comtrade,BI和世界银行在1980-2013年的二级时间序列数据。使用市场联系指数(IMC)来衡量中国,日本,新加坡和韩国的追随者市场中天然橡胶价格与参考市场中天然橡胶价格之间的市场整合指数的分析方法(市场领导者)在这种情况下是美国。结果显示,印尼的国际市场天然橡胶价格短期内未与中国,日本和韩国整合,但长期内可能会整合。结果似乎与新加坡不同,新加坡在短期和长期内都与国际市场融为一体。

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