Export and Investment in Fisheries Sector in Maluku Province  

Oleh:

Manuhutu, Yeremias

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 14 no. 3 (Dec. 2011), page 203-216.
Topik: Exports; Investment; Fisheries sector; VAR

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: VV5.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Export and investment are considered important parts of the macro variables that affect economic growth. The purpose of this study in long-term perspective is to analyze the dynamic behavior of export and investment and the movement direction of causality between exports and investment in the province of Maluku. Data used in this research is secondary data, the period of 1990-2009. Estimation method used in this study is Granger Causality Test, Vector Auto-regressive (VAR). Results show that based on Granger Causality test there is one-way direction from investment variable to the export of fisheries at lag 1-4, and at lag 5 occurring in two-way relationship between two variables in the model. This proves that investment is a very good instrument to stimulate the expansion of fisheries exports sector towards economic openness. Dynamic behavior of the movement of exports and investment shows that there are reciprocal relationships between export and investment the results. It provides evidence that IRF shocks/innovations of the investment variables have a direct impact on exports and vice versa. This means that if export variable decreases, the investment variable also decreases. On the contrary, when export variable increases, the investments variable also increases. Yet, the Cholesky decomposition results show that shocks on fishery exports can be explained either by itself or investment. It indicates that variable of investment give better dynamic responses and more dominant compared to export variable.

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