The Influence of Exchange Rate, Seaweed Consumption and Economics Distance on Indonesia Seaweed Exports

Abstract

This research aims to determine the influence of Exchange Rate, Seaweed Consumption, and Economic Distance on Seaweed Export in Indonesia to five destination countries: China, Chile, Japan, the Philippines, and South Korea, during the period of 2001-2021. The data analysis technique used in this study is the gravity model method, including classical assumption tests such as normality test, multicollinearity test, and heteroskedasticity test, as well as hypothesis testing. The Fixed Effect Model was selected for this research. The results of the study indicate that the exchange rate has a positive and significant effect on seaweed export in Indonesia. Furthermore, seaweed consumption also has a positive and significant effect on seaweed export in Indonesia. On the other hand, economic distance has a negative and significant effect on seaweed export in Indonesia during the period of 2001-2021