PENDEKATAN MODEL PERSAMAAN SIMULTAN HARGA TERHADAP PRODUKSI DAN PERMINTAAN RUMPUT LAUT (STUDI KASUS: BUDIDAYA RUMPUT LAUT DI KELURAHAN PANTAI AMAL
The purpose of this study is to find out (1) what factors influence the production and demand for seaweed in Pantai Amal Village. (2) What is the concurrent relationship of pricing to seaweed output and demand in Pantai Amal Village? and makes use of cross-section data such as seaweed prices, production, demand, land area, number of seeds, capital, labor, business experience, income, and exports. The analysis uses the simultaneous equation of the 2SLS (Two Stage Least Square) method. The findings indicated that the factors influencing production in Pantai Amal Village, specifically the number of seeds, had a significant value of 0.003 0.05. While the factors that influence demand, specifically income, have a significance value of 0.000 0.05. It was discovered that the price of seaweed impacts output and demand significantly, with R2 =43.0%. It indicates that in Pantai Amal Village, there is a significant simultaneous relationship between price, production, and demand for seaweed.