Ruspayandi, Topan and Bantacut, Tajuddin and Arifin, Bustanul and Fahmi, Idqon (2022) Market-Approach-Based Policy to Achieve Rice Price Stability in Indonesia—Can It Be a Complement? Market-Approach-Based Policy to Achieve Rice Price Stability in Indonesia—Can It Be a Complement?, 10 (12). pp. 1-19. ISSN 2227-7099
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2022-Ruspayandi-Arifin-Market Approach-Based Policy to Achieve Rice Market Stability in Indonesia-MDPI.pdf Download (3MB) | Preview |
Abstract
Abstract: Food price volatility broadly impacts the country’s food security. Rice price stabilization in Indonesia is carried out by BULOG, the food state-owned enterprise (SOE) that the WTO has identified as Indonesia’s state trading enterprise (STE). This study was conducted to evaluate the price stabilization program in Indonesia by reviewing the efforts that have been made and analyzing the factors that influence the price of rice at the consumer level using Autoregressive Distributed Lag (ARDL) analysis. The analysis showed that BULOG’s market share affected consumer-level rice prices with a negative coefficient sign, which means that the larger BULOG’s market share, the lower the price of rice will be. Other variables that affect the price of rice at the consumer level are the price of rice itself at the previous time lag, the producer-level paddy price, rice production, rice consumption, and BULOG’s operational rice stock. On the basis of the results of these studies, to realize the stabilization of rice prices in Indonesia, the government can complement stock management through a public policy approach with market-approach-based policies by optimizing the role of Food SOEs as market players in the rice industry. Keywords: rice price stability; food SOEs; market share; autoregressive distributed lag
| Item Type: | Article |
|---|---|
| Subjects: | S Agriculture > S Agriculture (General) |
| Divisions: | Fakultas Pertanian (FP) > Prodi Agribisnis |
| Depositing User: | BUSTANUL A |
| Date Deposited: | 02 Nov 2023 03:03 |
| Last Modified: | 02 Nov 2023 03:03 |
| URI: | http://repository.lppm.unila.ac.id/id/eprint/52736 |
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