Analysis of the Causality Relationship between World-Tin Prices, Tin Stock Prices, Tin Ore Production, and Exchange Rates in Indonesia

Rahayu Zakiah, Muhammad Faisal Akbar () and Eka Fitriyanti
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Rahayu Zakiah: Universitas Bangka Belitung, Faculty of Economics and Business
Muhammad Faisal Akbar: Universitas Bangka Belitung, Faculty of Economics and Business
Eka Fitriyanti: Universitas Bangka Belitung, Faculty of Economics and Business

A chapter in Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024), 2024, pp 208-215 from Springer

Abstract: Abstract Indonesia has abundant natural resources. Tin is widely used in the world as weapons, fire-resistant clothing, electronics, and aviation components are some of the main items made from tin. World demand for tin is estimated to reach 360,000 tons per year and continues to increase along with advances in industrial technology and human lifestyle. World tin prices are influenced by a number of variables, including changes in tin stock prices, tin production, fluctuations in international currency exchange rates, as well as supply and demand dynamics. This research aims to analyze the relationship between World Tin Prices, Tin Stock Prices, and Exchange Rates in Indonesia. This type of research is a type of quantitative research. The data source in this research uses secondary data obtained from the London Metal Exchange (LME), Indonesia Stock Exchange (IDX), World Bureau of Metal Statistics (WBMS), and Ministry of Trade Statistics. The data used are data on World Tin Prices, Tin Stock Prices, Tin Ore Production, and exchange rates in the form of monthly time series for the period January 2018 to December 2023. The results of the research show that there is a one-way relationship between tin production and the exchange rate. In the long-term relationship between world tin prices, tin stock prices, tin production and exchange rates, there is cointegration or balance.

Keywords: World Tin Price; Tin Stock Price; Tin Ore Production; Exchange Rate (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-614-7_27

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