Price Increases Research Articles

Analisis Biaya Produksi Pada UMKM Kerupuk Putih Parida

Cracker MSMEs, as an important sector in the Indonesian economy, often experience sudden and unpredictable increases in raw material prices. The aim of this research is to analyze production costs with the aim of increasing operating profits in the Parida white cracker business. This research uses descriptive quantitative methods. The research sample in this study was the financial records of the Parida white cracker company. The research results show that the condition of MSMEs facing rising raw material prices is currently not increasing the selling price of raw materials. Despite increases in production costs, owners may choose to absorb some or all of the increased costs to prevent customers from switching to other competitors. All costs involved must be considered, including the costs of raw materials, labor, and factory overhead. The results of this research can be a guide for MSME owners in maintaining stable production costs. Apart from that, owners are expected to have several backup suppliers so that when raw material conditions improve, MSME owners can look for suppliers who sell lower-priced products.

Investigating the impact of fuel price shocks on bicycle sharing usage in Budapest

The creation of sustainable urban communities is contingent upon the establishment of a sustainable, efficient, and fast transportation system. Bicycle sharing systems (BSS) are one of the most sustainable and inclusive ways of transportation in cities. An important question is how to increase BSS ridership and whether it can effectively replace cars in cities, hence contributing to achieving the 11th Sustainable Development Goal and creating sustainable urban communities. This paper aims to contribute to this stream of research by investigating the effect of fuel prices on BSS ridership. We exploit a natural experiment from Budapest, Hungary, where fuel prices were capped between November 15, 2021, and December 6, 2022. Once the price cap was suddenly eliminated, fuel prices increased by around one-third immediately leading to a very substantial and rarely observable one-time price increase. The difference-in-difference regression results indicate a 2–6% increase in BSS ridership after the elimination of the fuel price cap. The geographical pattern of the change shows that BSS usage mainly increased in the outer part of the city; however, some areas observed a decline. The regression results are also reinforced by survey findings. Understanding these dynamics is crucial for effective urban planning and transportation policymaking.

Tobacco industry pricing strategies during recent tax adjustments in Mexico: evidence from sales data

IntroductionPrevious studies have identified pricing strategies that the tobacco industry employs to try to minimise the impact of tobacco taxation, but these studies are mostly about high-income countries. This research...

Dampak Persaingan Suku Jawa dan Masyarakat Lokal pada Penguasaan Tempat Strategis di Wisata Kuliner Oepoi

Based on data from BPS as of February 2023, from Lifetime Migration (100 Population) in Kupang City, it was recorded that 35.96 were data on residents who migrated into Kupang City, and the net migration figure which reached 33.8 proves that many immigrants from outside Kupang City who want to live and live their lives in Kupang City, including the Javanese who have migrated to Kupang City since the Dutch colonial period in the 19th century. This research aims to examine the theory of gentrification and its relevance in the migration of Javanese to NTT, especially the city. Kupang on the Oepoi Culinary Tour. The method used in this research is a quantitative verification method by testing the truth of theoretical assumptions with data in the field. The results of the research prove that the arrival of Javanese immigrants resulted in changes in terms of demographics, development aesthetics, employment opportunities, social controversy and an increase in property prices. The development of Oepoi Culinary Tourism is correct in arranging the relevant locations to make them look neater, but it must be accompanied by the readiness of the local community in terms of human resources to welcome competition with Javanese people in the culinary world.

Land financialization and gentrification: evidence from China

As land becomes detached from its social function and market speculation intensifies, housing prices tend to rise, rendering homeownership less affordable. Following the escalation of property values, gentrification is often observed as wealthier individuals and investors are attracted to neighborhoods that offer good amenities and potential returns on their investments. Utilizing diverse datasets from multiple sources in China, this paper unveils a positive association between land financialization and the occurrence of gentrification. It also reveals that land financialization is positively linked with housing prices while negatively associated with homeownership. Further investigation uncovers a more nuanced pattern. At lower levels of land financialization, the effects of gentrification are limited or even negative due to revitalization efforts and the gradual rise in property values during early-stage urban development dynamics. However, as land financialization surpasses a certain threshold, the intensification of investment and speculative activity substantially drives property price increases, leading to heightened gentrification processes. These findings underscore the need for thoughtful urban planning and policy interventions to ensure that the impacts of land financialization are managed in an equitable and sustainable manner.

Understanding the Economic Drivers of Climate Change in Southeast Asia: An Econometric Analysis

This study analyses macroeconomic trends in Southeast Asian countries and their implications for climate change, focusing on urbanisation, GDP per capita, energy intensity, FDI, inflation, and trade. Using panel data from 1970 to 2020, we investigate climate change drivers across Indonesia, Malaysia, the Philippines, Singapore, and Thailand through panel ARDL with PMG and MG analyses, along with Hausman tests. Our results highlight the need for tailored urbanisation policies for sustainability, as the consistent positive correlation between GDPs per capita and emissions, underscores the challenge of decoupling economic growth from emissions. Urbanisation’s varying impact calls for proactive planning, and mixed FDI results suggest nuanced investment approaches aligned with sustainability. Inflation’s negative impact hints at environmental benefits during price increases, necessitating integrated economic and climate policies. The positive relationship between trade openness and emissions emphasises the need for eco-conscious trade agreements to mitigate emissions from industrial activity. Our study stresses the importance of considering macroeconomic heterogeneity in crafting climate policies. Policymakers must adopt multifaceted approaches that prioritise sustainability across economic growth, energy efficiency, technology adoption, and trade to balance development with environmental preservation. This approach enables Southeast Asian countries to contribute effectively to global climate change mitigation.

Impact of cap-and-trade mechanism on investment decision of new electric power system.

Under the background of cap-and-trade mechanisms, this article constructs a game model of the electricity supply chain, which is dominated by electricity generators and followed by electricity sellers, taking into account the situation of electricity generators investing in renewable energy and energy storage under the grandfathering mechanism (GM) and benchmarking mechanism (BM). By comparing the equilibrium solutions in different cases, the research finds that (1) compared with the grandfathering mechanism, the benchmarking mechanism has more investment in renewable energy and higher energy storage quality; (2) in the consumer market, compared with GM, the electricity price and the electricity demand are higher under BM; (3) an increase in the renewable energy preference coefficient or carbon price will lead to an increase in the electricity wholesale price, renewable energy investment, energy storage quality, electricity price, and electricity demand. Further, an increase in the energy storage cost coefficient or renewable energy investment cost coefficient will result in lower electricity wholesale price, renewable energy investment, energy storage quality, electricity price, and electricity demand; and (4) the profit of the generator under GM is higher than that under BM when the total carbon quota is larger, while the profit of the generator under BM is higher than that under GM when the unit carbon quota is larger.

The unintended consequences of production bans: the case of the 2018 Kenya logging moratorium

Abstract Production bans are a common way for governments to address issues of social concern. However, when consumer demand for banned items is insensitive to price changes, cross-border trade may undermine these efforts. We examine the effects of Kenya's 2018 moratorium on the extraction of wood products, including logs and charcoal, from public and community forests. The data show an immediate 36% increase in the domestic charcoal price in Kenya, where over 80% of consumers use it as their primary energy source. Subsequently, we document an increase of 133\% percent in charcoal imports from Uganda to Kenya during the first 6 months of the ban. Further, we estimate that avoided deforestation in Kenya was likely displaced to Uganda such that net carbon emissions increased. These findings demonstrate the ineffectiveness of the ban as a mechanism to decrease greenhouse gas emissions and biodiversity loss from deforestation.

Adjustment strategies and chaos in duopoly supply chains: The impacts of carbon trading markets and emission reduction policies

Low-carbon policies serve as a core incentive mechanism to promote carbon reduction in duopoly supply chains. However, their directive impact may cause product prices and carbon emission adjustment speeds to accelerate too quickly, thereby triggering market instability. Current research is noticeably lacking in discussions on optimal configurations of supply chain management strategies and policy implementation under market equilibrium conditions. Therefore, this paper utilizes game theory and chaos theory to explore the dynamic operational strategies and optimal profits of duopoly supply chains under a single carbon trading mechanism and considering carbon reduction incentives. The findings indicate: (1) Price adjustment parameters significantly affect both parties' equilibrium strategies and system stability; (2) An increase in carbon prices and carbon reduction incentive intensity both narrow the stable areas for pricing and reduction strategies; (3) Both manufacturers and remanufacturers experience higher optimal pricing, reduced carbon reductions on their part, and more carbon reductions on the part of their counterparts due to the escalating costs of carbon reduction; (4) While enhancing carbon reduction incentives significantly aids both parties in achieving carbon reductions, as the reduction effect gradually diminishes, it also compresses their profit margins, whereas an increase in carbon quotas can linearly enhance business profits.

The position of Indonesia’s palm oil in the vegetable oil international market

Abstract The increase in global crude oil prices and awareness of energy sustainability are driving the development of the biofuel industry. Palm oil has high productivity and competitive prices compared to other vegetable oils, encouraging competition among major palm oil exporters and significant vegetable oils. The research examines factors influencing Indonesia’s position in the global vegetable oil competition and assesses how economic shocks impact Indonesian palm oil competitiveness. This study utilized the Almost Ideal Demand System model on secondary data in the time series period of 1990-2022. The research results showed that the increase in global income is the most influential factor in the rise in the market share of Indonesian palm oil. The increase in crude oil prices favored the position of Indonesian palm oil compared to Malaysia. Fluctuations in Malaysian palm oil prices could affect the competitiveness of Indonesian palm oil. Malaysia’s palm oil, soybean oil, and sunflower oil are more complementary than Indonesia’s. Indonesia needs to collaborate with significant vegetable oil exporters, to create a palm oil commodity exchange, and to synchronize policies from upstream to downstream to ensure the fulfillment of domestic and export palm oil needs.

COMPARISION OF RICE PRICE PREDICTION RESULTS IN EAST JAVA USING FOURIER SERIES ESTIMATOR AND GAUSSIAN KERNEL ESTIMATOR SIMULTANEOUSLY

Extreme weather changes and the El Nino phenomenon in 2023 will cause drought, resulting in a decrease in rice production and an increase in rice prices. It has significantly impacted East Java Province as it is the most extensive rice supplier in Indonesia. This study aims to predict the price of rice with six different qualities using the Fourier series estimator and Gaussian kernel function simultaneously. The results show that the Gaussian kernel method, with a bandwidth value of 1, produces a better model with a MAPE value of 0.228259% than the sine function Fourier series method in predicting rice prices based on six different qualities. The prediction results using the Gaussian kernel function method are categorized as highly accurate because they are less than 10%. This research accelerates the realization of SDG 2 related to "Zero Hunger" through government policies to control the high price of rice in Indonesia. Recommendations that can be given through the research results include cooperation with the government, which can help access information and resources needed to manage price risks.

PREDICTION OF CRUDE OIL PRICES IN INDONESIA USING FOURIER SERIES ESTIMATOR AND ARIMA METHOD

Crude oil is one of the non-renewable natural resources that is crucial for countries around the world in driving economic development. However, the availability of crude oil is decreasing over time. The high demand for crude oil results in scarcity which causes price fluctuations. Low oil prices can reduce state revenues, disrupt development programs, and even trigger budget deficits. On the other hand, an increase in crude oil prices can make a positive contribution to state revenues. Crude oil exports become more profitable, which can increase state revenue through royalties and taxes levied on the oil and gas sector. This additional revenue can be used to support infrastructure development, social programs, and investment in key sectors of the economy. High oil prices can also harm the economy. With the many impacts that can be caused by crude oil prices, the government must be able to anticipate and prepare for it. The data used in this study are data on crude oil prices in Indonesia for monthly periods from January 2018 to October 2023 sourced from the official website of the Ministry of Energy and Mineral Resources (ESDM) of the Republic of Indonesia. The researcher tried to compare two analysis methods, namely the Fourier series and the ARIMA estimator. The results of this study show that the best method in predicting crude oil prices in Indonesia is the Fourier series estimator with Cos-Sin function which produces RMSE and MAPE values of 7.93 and 8.4%. The prediction results can be used as a reference for the government to anticipate and make programs or policies that are more focused and targeted toward the impacts that can be caused by changes in crude oil prices.

Impact of carbon market prices on oil market fear across quantiles

ABSTRACT This paper uses quantile regression to investigate how carbon market prices affect oil market fear. Our results show a significant and strong negative effect of changes in carbon market prices on changes in oil market fear at high quantiles. Notably, this negative effect is driven by the decrease rather than the increase in carbon market prices. We also observe that the COVID-19 pandemic enhances the negative impact of the decreased carbon market prices at high quantiles.

Pengaruh Produksi Kelapa Sawit, Harga Minyak Kelapa Sawit Dunia, dan Emisi Karbon terhadap Volume Ekspor Minyak Kelapa Sawit Indonesia

Indonesia is the largest producer and exporter of palm oil in the world. Unfortunately, Indonesian palm oil exports are influenced by various factors, including environmental issues, which ultimately disrupt export benefits. This research aims to analyze the influence of production, world prices, and carbon emissions on the volume of Indonesian palm oil exports. The analytical method used is Two Stage Least Square (2SLS) with simultaneous supply and demand equations for Indonesian palm oil export volumes from 1991-2021. The research results show that the increase in palm oil plantation areas in Indonesia has positively contributed to the increase in world palm oil prices as demand also increases. Furthermore, the increase in world palm oil prices has encouraged Indonesia's exports to world markets. The increase in Indonesian palm oil production has encouraged an increased volume of exports to the world market. However, market appreciation for environmentally friendly palm oil has not contributed positively to the price and increase in palm oil export volume.

Economic evaluation of the recent French tobacco control policy: a model-based approach

BackgroundOne in four French adults smoked daily in 2021, compared with one in six in Organisation for Economic Co-operation and Development (OECD) countries. To strengthen its tobacco control policy, in...

Does the Exchange Rate Have a Pass-Through Effect on Domestic Food Prices in Türkiye? An Empirical Study Using a Combined ANN Algorithm and VAR Method

Exchange rate fluctuations have far-reaching consequences for national economies, companies and, above all, consumers. It is therefore important to understand the mechanisms by which these fluctuations affect food prices in domestic markets. In this context, we examine the complex relationship between exchange rates and domestic food prices and attempt to calculate the pass-through effect of the exchange rate on domestic prices. To examine the pass-through effect of the exchange rate on food prices, we use monthly USD/TRY exchange rate data from January 2003 to July 2023 as well as the global food price index, the export-import rate for food and the producer price index for food in Türkiye. We employ the vector autoregression (VAR) method to determine the optimal lags of the variables included in the analysis and the artificial neural network (ANN) algorithm to calculate the overall pass-through effect of the USD/TRY exchange rate on domestic food prices. The results show that the pass-through effect of the variable on food prices persists for three months: the current month, the previous month and the two previous months. The total pass-through effect of the exchange rate on food prices reaches up to 27%. Half of this impact comes from the previous month's food prices. In addition, the ratio of food exports to imports accounts for about 12% of the increase in domestic food prices. The results also show that the variable with the highest pass-through effect is the producer price index and that 90% of the increase in food prices is due to domestic dynamics, while the effect of price increases in foreign markets is only about 10%.

Did the entry of the corn ethanol industry in Brazil affect the relationship between domestic and international corn prices?

AbstractThis study investigates the relationship between corn prices in Brazil and the international market, considering a rise in corn ethanol production in Brazil's Midwest region since 2017. Did the entry of the corn ethanol industry in Brazil affect the relationship between domestic and international corn prices? A cointegration analysis was made with a monthly time series from May 2005 to August 2023 controlling for different exogenous events or shocks that may have affected global agricultural markets. The study's findings indicate a stable long‐term relationship between the international and Brazilian corn prices, with changes in international prices being predictors of variations in Brazilian domestic prices, while the opposite was not statistically supported. The study also found no evidence to support the claim that the entry of the corn ethanol industry into Mato Grosso state in 2017 impacted the prices paid to local producers. Therefore, the increase in Brazilian corn prices cannot be attributed to additional demand for corn by local mills, an important result that contributes to discussions such as food versus fuel and indirect land use change.

Trend TSR 20 rubber prices between producing countries in Southeast Asia

Natural Rubber is one of the world's largest commodities used for industrial needs. The price of TSR 20 rubber continues to fluctuate, which has a significant impact on some farmers in various countries. This study analyzes the price trend of TSR 20 rubber in Southeast Asia. The purpose of this study is to analyze trends and fluctuations in STR 20 rubber prices in Southeast Asia, such as Standar Thailand Rubber (STR 20), Standar Indonesia Rubber (SIR 20), Standar Vietnam Rubber (SVR 20), and Standar Malaysia Rubber (SMR 20) for 72 months from January 2017 - December 2022. This research uses trend analysis with simple linear regression method. This research uses the historical method by conducting research on a source which is then critically analyzed. Data collection techniques are obtained by tracing data and documents that have been stored by agencies including the Ministry of Agriculture, Ministry of Trade, International Rubber Study Group (IRSG), Singapore Commodity Exchange (SICOM), Association of Natural Rubber Producing Countries (ANRPC), Food and Agriculture Organization (FAO), The World Bank, and Gapkindo as well as existing literature and sites. The results obtained are positive trends where each development between countries has experienced a positive price increase, such as, STR 20 has a polynomial line equation Y = 0.0331x2 – 95,28x + 68596, then SIR 20 Y = 0.0231x2 -66,443 + 47966, SVR 20 Y = 0,0301x2 – 86,824x+ 62648, and SMR 20 Y = 0,0279x2 – 80,411x + 58010.

How to Equity Ratio, Profitability and Firm Value Shape Stock Prices: An In-Depth Analysis

This research aims to determine the effect of the Debt-to-Equity Ratio, Earning Per Share, and Price Earning Ratio on the share price. This research uses a quantitative approach with secondary data obtained from financial reports for the period 2015 to 2019. The research results show that simultaneously, the variables DER, EPS, and PER have a significant influence on stock prices. Partially, the DER and EPS variables have a weak influence on stock prices, while PER has a stronger influence on share prices. This finding has the implication that company management must consider these financial factors in their share price increase strategy. It is hoped that this research can contribute to financial literature and become a reference for further research. The contribution of this research to the finance literature is significant in several ways. First, this research highlights the influence of the Debt-to-Equity Ratio (DER), Earning Per Share (EPS), and Price Earning Ratio (PER) on the share price of PT Agung Podomoro Land Tbk from 2015 to 2019. Managerial Implications The study examining the effect of Debt-to-Equity Ratio, Earning Per Share, and Price Earning Ratio on stock prices provides critical insights for corporate financial managers and investors.

Impacts of Shocks to U.S. Macroeconomic Variables on the Regional Economy of Georgia

This paper develops a way to analyze a regional economy and a large economy within a model. Using structural autoregression with block exogeneity and mutual independence assumptions as well as Cholesky factorization, we quantify the impacts of shocks to U.S. macroeconomic variables on the regional economy of Georgia. We found that the largest impact on Georgia's aggregate variables - consumer prices, real per capita personal income, and total employment - is the federal funds rate. For other shocks, Georgia's personal income is most affected by an increase in commodity prices, while Georgia's consumer prices are most affected by U.S. inflation. At the industry level, we found that the impact of real GDP is the largest and the impact of M2 is the smallest on output and employment in Georgia's industries, although the magnitude of the impact on employment is smaller and more short-lived than on output.