Proceedings of the 6th International Conference of Combinatorics, Graph Theory, and Network Topology (ICCGANT 2022)

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Vertical Market Integration of Cooking Oil Commodities in Jember Regency: Vector Error Correction Model (VECM) Approach

Authors
Illia Seldon Magfiroh1, *, Intan Kartika Setyawati1, Luh Putu Suciati1, Rena Yunita Rahman1, Ahmad Zainuddin1
1Faculty of Agriculture, University of Jember, Jember, Indonesia
*Corresponding author. Email: illia.faperta@unej.ac.id
Corresponding Author
Illia Seldon Magfiroh
Available Online 27 April 2023.
DOI
10.2991/978-94-6463-138-8_18How to use a DOI?
Keywords
price; cooking oil; producer; consumer; VECM
Abstract

The price of cooking oil in Jember Regency, has continued to fluctuate over the past few months. These changes in cooking oil prices certainly have implications for the decline in people’s purchasing power and the producer’s selling power. Prices at the producer level must be properly transmitted to the consumer level, and vice versa. Therefore, it is important to examine market integration of cooking oil in the Jember Regency. This study aims to analyze the vertical market integration from producers to consumers of cooking oil in Jember regency. This study utilized monthly time series data with a period of 53 series. The data collected was related to food price data at the producer and consumer levels in Jember regency. This research was conducted using the vector error correction model (VECM) to determine the market integration of producers and consumers. Based on the output of the VECM analysis, it was found that the market integration equation model of cooking oil producers and consumers did not have a long-term relationship. The results showed that the market of cooking oil producers and consumers has a short-term relationship or is integrated in the short term only.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 6th International Conference of Combinatorics, Graph Theory, and Network Topology (ICCGANT 2022)
Series
Advances in Physics Research
Publication Date
27 April 2023
ISBN
978-94-6463-138-8
ISSN
2352-541X
DOI
10.2991/978-94-6463-138-8_18How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Illia Seldon Magfiroh
AU  - Intan Kartika Setyawati
AU  - Luh Putu Suciati
AU  - Rena Yunita Rahman
AU  - Ahmad Zainuddin
PY  - 2023
DA  - 2023/04/27
TI  - Vertical Market Integration of Cooking Oil Commodities in Jember Regency: Vector Error Correction Model (VECM) Approach
BT  - Proceedings of the 6th International Conference of Combinatorics, Graph Theory, and Network Topology (ICCGANT 2022)
PB  - Atlantis Press
SP  - 201
EP  - 210
SN  - 2352-541X
UR  - https://doi.org/10.2991/978-94-6463-138-8_18
DO  - 10.2991/978-94-6463-138-8_18
ID  - Magfiroh2023
ER  -