Abstract
The research aims to address the following questions: (1) Does the fluctuation in world oil prices affect the price of Red Chili in Indonesia? (2) Does the fluctuation in the Indonesian exchange rate influence the price of Red Chili in Indonesia? (3) Does the world price of Red Chili affect the domestic price of Red Chili in Indonesia? The research utilizes secondary time series data from 1980 to 2021, focusing on the commodity of Red Chili. The estimation results indicate that international factors, such as world oil prices, have a significant positive impact on the domestic price of Red Chili. The exchange rate of the Indonesian Rupiah also has a significant positive influence on Red Chili prices in Indonesia. However, the world price of Red Chili has a negative and insignificant effect on domestic prices.
Metadata
| Item Type: | Book Section |
|---|---|
| Creators: | Creators Email / ID Num. Riyadh, Muhammad Ilham ikurniawan131@gmail.com |
| Contributors: | Contribution Name Email / ID Num. Patron Zain, Prof Madya Ts. Dr Mohd Rasdi UNSPECIFIED |
| Subjects: | H Social Sciences > HB Economic Theory. Demography > Business cycles. Economic fluctuations. Economic indicators > Finance and cycles. Financial crises. Convergence (Economics) |
| Divisions: | Universiti Teknologi MARA, Melaka |
| Event Title: | Virtual Conference of Melaka International Social Sciences, Science, and Technology (MIC3ST) 2023. |
| Event Dates: | 23 -24 Mei 2023 |
| Page Range: | p. 94 |
| Keywords: | Domestic price ; Red chili; Indonesian exchange rate |
| Date: | 2023 |
| URI: | https://ir.uitm.edu.my/id/eprint/81871 |
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