Integration of the Rice Market in Aceh

Lubis, Abdul Rahman (1989) Integration of the Rice Market in Aceh. Masters thesis, Universiti Pertanian Malaysia.

[img] PDF
1192Kb

Abstract

The study is an attempt to examine and to evaluate the pricing efficiency of the medium quality rice market in Aceh, Indonesia through measuring the degree of market integration. Seoondary data were used in this study. Analysis was carried out on the basis of a priori theoretical, statistical an:i econometric criteria by using the Time Series Processors (TSP). The study utilises three models to test the efficiency of the rice market in Aceh, namely correlation coefficient, Ravallion's and Sims' models. The result indicates that the correlation coefficients are vague and spurious. The results produced by Ravallion's model indicate that, except for Aceh Pidie, the central market (Aceh utara) appears to take the role as the price leader over that of the other three local markets, i.e., Aceh Barat, Aceh Tenggara and Aceh Timur. Aceh utara's retail price is statistically significant in influencing retail prices of the three local markets. Seasonality factor is apparently significant only in Aceh Pidie and Aceh Timur. 'The results given by Sims' model indicate that, except for Aceh Pidie, the causal relationship between retail prices in the central market and local markets is unidirectional such that retail price in the central market leads retail prices in the local markets. A hi-directional feedback exists among retail prices in the local markets and between farm and retail prices in all sample districts. It can be concluded from these results that rice prices both at retail and farm levels in Aceh's rice market behave interdependently, hence implying an integrated market.

Item Type:Thesis (Masters)
Subject:Rice - Acheh (Indonesia) - Economic aspects - Case studies
Chairman Supervisor:Associate Professor Dr. Fatimah Mohd Arshad, PhD
Call Number:FEP 1989 3
Faculty or Institute:Faculty of Economics and Management
ID Code:8813
Deposited By: Nurul Hayatie Hashim
Deposited On:20 Dec 2010 06:39
Last Modified:20 Dec 2010 06:42

Repository Staff Only: item control page

Document Download Statistics

This item has been downloaded for since 20 Dec 2010 06:39.

View statistics for "Integration of the Rice Market in Aceh"


Universiti Putra Malaysia Institutional Repository

Universiti Putra Malaysia Institutional Repository is an on-line digital archive that serves as a central collection and storage of scientific information and research at the Universiti Putra Malaysia.

Currently, the collections deposited in the IR consists of Master and PhD theses, Master and PhD Project Report, Journal Articles, Journal Bulletins, Conference Papers, UPM News, Newspaper Cuttings, Patents and Inaugural Lectures.

As the policy of the university does not permit users to view thesis in full text, access is only given to the first 24 pages only.