ANALYSIS OF FACTORS AFFECTING THE VALUE OF EXPORT OF INDONESIAN COCOA BEANS IN 1996-2015

Abstract

The purpose of this research is to analyze the export value of Indonesian cocoa beans, using Ordinary Least Square (OLS). The dependent variable used in this research is the export value of Indonesian cocoa beans, while the independent variables are international price of cocoa beans, exchange rate rupiah to US$, domestic production of Indonesian cocoa beans and the Gross Domestic Product (GDP) using time series data from 1996-2015 (20 years). The result shows that the international price variable of cocoa beans has a positive and significant effect on the export value of Indonesian cocoa beans. The rupiah exchange rate against US $ has a negative and significant effect on the export value of Indonesian cocoa beans. Domestic production of Indonesian cocoa beans has a positive and significant effect on the export value of Indonesian cocoa beans. Gross Domestic Product (GDP) of the world has a positive and significant effect on the export value of Indonesian cocoa beans in 1996-2015.

Keywords

• export value, international prices, exchange rate, domestic product, GDP, cocoa beans, OLS