Table
4.
Estimated Demand for Indonesian Shrimp in Belgium
Variable Estimate
T value ant
-11402.5481 MPB
334.3151 ERB
8.6539 0.846
PFB -11.0142
-2.1380
YB
0.0132 0.110
1.815 Rsquare
0.9996 F table
0.05 13.75 F ratio
455.524 significant at 95
level of confidence significant at 90
level of confidence significant at 80
level of confodence Table
5. Elasticity for Import of
shrimp Variable
Coefficient Type
MPB 1.995
Own Price ERB
0.373
Exchange Rate P
FB Cross Price
1.344 Shrimp Production
in Belgium YB
6.055 Income Elasticity
27.28 Supply of Meat
6. Policy
Since production of shrimp in Indonesia is found to be insignif-
icant with shrimp export of Indonesia it implies that production in
Indonesian shrimp industry should
he
revised comprehensively. In other words production policy in
shrimp industry followed closely
marketing policy in finding new market.
N o . I ke I .
7 . Conclusions
On the basis of regression analysis,
i t
was found that the five proposed va- riables.
-
tlie exchange rate. shrimp production level in Indonesia, price of shrinip in world niarket, the per capita income in Indonesia. and the price of nieat in
Indonesia, are simultaneously significantly influencing the export supply of Indone- sian slirinip
in
Belgian niarket, in a simultaneous way. Of
five variables, exchange rate o f lndonesian Rupiah to the US dollar. was found to he
affecting variable tlie export supply of tlie Indonesian slirinip into the Belgian niarket.
Using estimates of export function as a predictor.
it
is predicted that up to year 2000, the export supply of Indonesian slirinip to
Belgian niarket will he growing with the expected average growth of
9.8 percent per annuni. Concerning iniport
demand conclusions can be drawn from
Accordingly. import
of Indonesian slirinip the Belgian market
a positive
relationship in respect following variables
:
-
price of nieat Belgiuni niarket;
-
price of o n the Belgian niarket;
-
per capita of Belgiuni.
of iniport of Indonesian slirinip
Belgian niarket was found to be negatively significant correlated
a rate
of Belgian Frank to US Dollar, and negatively insignificant the slirinip produc-
tion in belgiuni. basis tlie regression
i t
was the iniport deniand
Indonesian shrinip o n the Belgian market is significantly affected by
varia- tion of
exchange rate, the price of nieat in Belgium, the price of fish Bel-
gium, arid production level of
in Indonesia. Of the six variables
are proposed in the i t
was found that, per capita income in Belgium is
most significant variable in affecting the variation iniport
of the Indonesian shrimp by Belgium. These findings also suggest that fish and
are the substitute for shrimp, and
is a normal good, because the demand is increasing with respect to the increase in the per capita income.
Using the per capita income of Belgian Frank to The US dollar as an predic- tor,
i t
is estimated that up to the year 2000, the import
of Indonesian shrinip by the Belgian market is expected to be growing with the expected average
growth of 8.9 percent per
Ekonomi No.
I
ke
1993
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