Analysis of the Determinan of North Sumatra Coffee Exports to the United States: Error Correctioan Model Approach
Rimelda Rona Sari, M.Nasir, Muhammad Fitri Rahmadana
Universitas Negeri Medan
Abstract
United States as one of the worlds largest coffee importer and the coffee consuming country in the worlds second largest potential market for North Sumatra province. This research aims to determine the most influential factors on the volume of export of coffee North Sumatra province to the United States period 1997-2017 in the short-term and long-term. The data used is secondary data obtained from the Central Statistics Agency, Trading Economics and the International Coffee Organization. The method of analysis using the Error Correction Model. The results showed United States GDP in the short-term, United States GDP in the long-term and in world coffee prices in the long-term a significant influence on the volume of coffee exports Indonesia. The rupiah exchange rate against the dollar America in the short-term, the rupiah exchange rate against the dollar America in the long term and in world coffee prices in the short-term does not have a significant effect.
Keywords: GDP; World Coffee Prices; Exchange Rate; Exports; Error Correction Model
Topic: Economics, Business and Management Education