Economic Subsector Research Articles

Ekonomi Kreatif dan Daya Tarik Objek Wisata Studi Kasus Objek Wisata Paepira Lakeside

This research was conducted to see an overview of the potential for creative economic development at the Paepira Lake Side tourist attraction, so that it can increase tourist attraction. The research method used was descriptive case study research. The author looked at the potential of the Paepira Lake Side tourist attraction and then analyzed it based on the following aspects. aspects of tourist attraction and creative potential. The Paepira Lake Side tourist attraction has potential but looking at the aspects of tourist attraction it can be concluded that it does not meet the criteria. Recommendations that can be given by researchers are to increase cooperation between the local community, government, business people and academics to build and develop tourism that is more interesting to visit. The economic sub-sector that can be prioritized is the culinary aspect.

Fortification of local fruit parijoto on soy yogurt drink and economy analysis

Background: The food and beverage industry is a leading industry that is the government's focus in the Industrial Revolution 4.0. Culinary is the most popular economic sub-sector.. As a food product from biotechnology, yoghurt always manages to occupy a global market share. Yoghurt is proven to maintain the digestive system. Therefore innovation is needed, especially regarding materials, to boost product competitiveness. Animal milk substrate can be substituted with soy milk which is cheap but rich in protein. The addition of natural fortification is projected to improve product quality. Parijoto fruit (Medinilla speciosa) typical of the slopes of Mount Muria, Colo Village, Kab. Kudus was chosen as a fortificant because it is rich in antioxidants and antibacterial pathogens. At the same time, this adds to the usability and economic value of Parijoto, which is still low so far. Method: The research was conducted experimentally, referring to previous research methods. The formulation design was varied regarding adding Parijoto fruit extract to 100 ml of the product. Findings: From the results of the organoleptic test, the F1 formula (addition of 5 ml of Parijoto fruit extract) received the best acceptance from the panellists, with a preference level of 4.89. The product characteristics are liquid texture, alcoholic sweet taste, cream colour, and the aroma of Parijoto fruit tends to be faint. Conclusion:Parijoto Yogurt has advantages in terms of locality, price and nutrition. However, further research is needed based more collaboration to increase this product's health and economic impact local society. Novelty/Originality of this article: This study creates new functional food products and opens up opportunities to revitalize local economies and conserve biodiversity.

Mentoring MSMEs through E-Promotion as A Rebranding Strategy Based on Local Wisdom

The pandemic affects Micro, Small, and Medium Enterprises (MSMEs) as an economic sub-sector. MSMEs products have marketing problems, so many unsold products. Traditional marketing strategies can not reach a vast market share, so income significantly declined during the Covid-19 pandemic. In Kejuron Ward, Taman District, the Madiun City, MSMEs actors consist of several industrial sectors such as food and clothing sales. During the COVID-19 pandemic, MSMEs actors in the Kejuron Ward tried to use alternatives to online selling. However, promotions in online selling were still not optimal to attract customers as offline promotions. The target issues were a lack of knowledge in digital marketing and less attractive products. Mentoring MSMEs through e-promotion as a rebranding strategy based on local wisdom was an effort to overcome the partners' problems. The empowerment model used in this community service was participatory assistance through lectures, discussions, and practices methods. There were significant differences in success indicators before and after socialization and practice regarding e-promotion as a local wisdom-based rebranding strategy. The most significant increase was knowledge levels which improved by 50% after the socialization. Thus, this community service could increase innovation and creativity in the target community and solve MSMEs' business problems in Kejuron Ward. In conclusion, mentoring MSMEs through e-promotion as a rebranding strategy based on local wisdom increases partners' knowledge in digital marketing, more attractive products packaging, and updated MSMEs' products with trending products. There should be ongoing assistance and communication to support the sustainability of this program

Skewed Binary Regression to Study Rental Cars by Tourists in the Canary Islands

Tourism is one of the economic sectors that contributes the most to the gross domestic product in many countries, moving, in turn, other economic sectors such as transport. In particular, the automotive industry constitutes an economic subsector that moves vast amounts of money. Concerning tourism and transport sectors, car rental is a crucial element contributing considerably to gross domestic product and job creation. Due to the effects that vehicle rental seems to have on various economic sectors, it seems interesting to know why a tourist chooses to rent a car during their vacation in a specific destination. This work aims to study those factors that can be considered relevant and affect the probability of renting a vehicle. The document addressed the following research topics: (a) identifying significant variables; and (b) can information on these factors help car rental firms? Empirically, it is shown that more tourists do not rent a car and this fact has to be considered. Thus, the classical logistic and Bayesian regression models do not seem adequate in this case, so that the authors will consider an asymmetric logistic regression model. This work analyzes 28,235 tourists who visited the Canary Islands during 2017. From a Bayesian point of view, asymmetric logistics regression is chosen as the best model because it detects relevant development factors not seen by standard logistic regressions. In light of the document’s findings, various practice recommendations improve decision-making in this field. The asymmetric logit link is a helpful device that can help rental companies make decisions about their clients.

Review of Options for Horticultural Research and Development: A Case of Zambia

This review focused on horticultural development as a key economic subsector sector. Although practiced by more than 60 % of the population, agriculture and horticulture largely remain small scale in Zambia. Partly due to the relatively high income generation potential of commodities, the horticultural sector holds immense potential to make significant contribution to the poverty reduction. It has been estimated that since 1960, worldwide demand for fresh produce has more than doubled compared to a 20 % increase in demand for cereals. However, in Africa per capita supply of fresh produce has been declining since 1970. The key challenge therefore remains how to expand horticultural production in a manner that is sustainable and beneficial to all players throughout the food system. A vision of ‘An efficient and dynamic horticulture sector responsive to changing needs of society’ is advanced. This article reviews the emergence of horticulture sub sector contributing significantly to the agricultural GDP and poverty reduction, outlines its limitations and explores options for improving the sector. While the traditional biotic and abiotic approaches are the primary focus (improved research and development to drive production, and reduce postharvest losses), emerging challenges such as globalization, and climate change are considered. The findings suggest poor production technologies, limited crop varietal choices, high postharvest loses and inadequate marketing infrastructure and low smallholder participation horticultural markets contributing to overall poor sector performance. To achieve sustained and environmentally safe horticultural performance there is need to establish effective linkages, networks and partnerships among different players throughout the horticulture value and supply chains, both from private and public sectors.

STATEGI MENSTIMULUS EKONOMI KREATIF INDONESIA MELALUI DANA ALOKASI KHUSUS

In the past five years, President of Indonesia has intended to improve the Indonesian economya through the creative economy sector. The creative economy is parallel with Micro, Small and Medium Enterprises, where more than 90 percent Indonesian people put their livelihood. Therefore, the positive growth of the creative economy industry in Indonesia will faster stimulate local and national economic growth. Consequently, it is necessary to have the right policies, especially facilitation from the central government to local governments, which directly dealing with the Indonesian civil people. For example, through the Special Allocation Fund which properly encourage the creation of business leverage for MSMEs engaged in the creative economy industry. This study answers how central government transfer funds in the form of Special Allocation Funds can stimulate the creation of this acceleration of creative economic growth, especially in the pandemic era which bases its business on digital marketing. Using the simultaneous panel method of the local budget industrial sector (APBD sector) and central fund transfer (TKDD) for 34 provinces and other indicators such as labors, household consumption, the construction cost index, and investment in the form of PMTB from the 2014-2019 period, this study results in the significance of all these variables on the growth of the creative economic subsector. The output of this study shows that DAK has the most significant effect in increasing the economic growth of the creative economy in 34 provinces. In addition, investment and household consumption are the biggest levers in supporting the high growth of the creative economy. This is in accordance with the economic theory of the potter model and the neoclassical Solow growth model where investment and technology are important factors in the acceleration of economic growth. Given the condition of the Indonesian people, where most of which are MSMEs in the creative economy sector, investment through DAK to finance the technological transfer and research development is very significant. This was also confirmed through further research in this study in a qualitative method which conducted in-depth interviews with one of the Heads of Bakung Kidul Village, Cirebon. In the interview, there were several important inputs for the evaluation of transfer fund policies that support economic productivity in the creative economy sector, especially in the Tourism Village Area which was built 2 years ago. The results of this qualitative study were also enriched by interviews with DAK policy maker from the Directorate General Fiscal Balance, Ministry of Finance and MSME business actors who were also victims of the Covid-19 pandemic that hampered the Indonesian economy.

State regulation efficiency of food companies of Russia in sanction period

The article is dedicated to the new political course of the Russian Federation, aimed at overcoming the economic blockade of the countries of Europe, as well as the United States. Effective management of food enterprises should take into account the new economic con-ditions for the functioning of the food economic subsector. In view of the crisis associated with the spread of coronavirus, falling oil prices, the ruble situation, the development of an economic course to adapt the Russian food industry becomes paramount. Therefore, the purpose of this article is a set of government measures to regulate the dairy food complex of the Russian Federation, both federally and regionally for the period 2008-2018. An analysis of the dynamics of milk industry indicators showed that the level of self-sufficiency for the period 2008-2018 was below the standard: 0.90. The study correlated the economics "im-port" and "self-sufficiency". Based on the data, it is concluded that the Russian Federation needs global innovation in the food industry mainly to the effective management of the agricultural dairy subsector.

Association of owner related and external factors with micro and small manufacturing enterprises growth in Ethiopia

This study was conducted with the objective of analyzing the association of owner related and external factors with growth of MSEs operating in the manufacturing sector. Primary data were collected from 218 randomly selected owner/operator of manufacturing MSEs and coordinators of MSEs by using structured questionnaire and interview, respectively. Chi-square test was employed to analyze the owner related/internal factors, and external factors with growth of manufacturing MSEs. The statistical test revealed that gender, initial investment size, modern machinery, training, infrastructure and location have statistically significant association with growth of manufacturing MSEs; whereas age, education level, work premises and market linkage/ access are found to have statistically insignificant association with growth of MSEs operating in the manufacturing sector, though they make difference on the MSEs growth level. Therefore, to improve the growth of manufacturing MSEs, MSEs development office in collaboration with the municipality, among others, should consider the statistically significant factors and focus on the MSEs’ challenges which are stated by the owners of the business (own working premise and market access/linkage) and take corrective actions. Finally, further research on similar area is suggested by considering factors that need solution such as previous experience of operator in the sector, firm age and access to credit; besides similar study on remaining MSEs sector and comparative study may be conducted even within the manufacturing sector as economic sub-sector (i.e., textile and garment, metal working workshop, furniture and wood working, manufacturing bricks etc.) in order to have a holistic understanding of about the determinants of manufacturing MSEs growth

Industri Kreatif Kabupaten Bangkalan: Pendekatan Prioritas Ekonomi

At present, c reative industry is considered as a sector that is able to support economic growth in the future. This study has 3 (three) objectives, first, to measure and analyze the role of Bangkalan's creative industries on employment, the number of companies, GRDP, and exports in Bangkalan. Second, Analyzing factors that influence the performance of Bangkalan's creative industries on employment, the number of companies, GRDP, exports in Bangkalan. Third, Analyze the priority determination of strategic criteria for Bangkalan's creative economy subsector. The results of this study, the strategic creative economic subsector in Bangkalan is the culinary creative economy subsector. There is a real relationship between employment with creative economic performance Bangkalan Number of companies. The number of companies has no statistical effect on Bangkalan's creative economic performance. There is a real relationship between GRDP and creative economic performance. The relationship between exports and creative economic performance is directly proportional and has a positive relationship. The determination of the priorities of the creative economy, namely the GRDP has the most priority level of contribution to the performance of the creative economy in Bangkalan.

Developing Environmental Services in Vietnam

Abstract: In the current trend, human activities of production and activities have discharged a large amount of waste. This makes the pressure to handle environmental pollution increasing. Therefore, environmental services have become an important economic sub-sector of many countries including Vietnam. In Vietnam, as of 2017, have 3,769 enterprises operate in the field of environmental services. Of which, more than 80% are non-state enterprises, about 1% are FDI enterprises and the rest are state-owned enterprises. Enterprises mainly focus on services with high demand resulting from the requirements of the 2005 Law on Environmental Protection, such as designing, manufacturing, and building waste treatment systems; environmental monitoring and analysis; consulting, training, providing environmental information. This paper provides a general analysis of businesses operating in the environmental services industry, the situation of attracting FDI into the industry, pointing out the causes and shortcomings in the development of the industry and giving some discussions and recommendations for developing environmental services in Vietnam
 Keywords: Environmental services, FDI, Vietnam.

Análise das Estratégias Competitivas de Organizações no Segmento de Água e Saneamento

Competitive strategies are considered as one of the central elements for all management systems. The purpose of this study was to analyze the main strategic policies and prerogatives based on competitive advantages. Regarding the methodological approach, this study can beclassified as a documentaryand qualitative research. The sample for this research comprised five companies listed on the BM&F Bovespa market inthe water and sanitation economic subsector. The analysis of this study was carried out through content analysis and correspondence analysis techniques (ANACOR). Data processing and statistical inferencing of the reports were made with the aid of Atlas.ti, Statistical Package for the Social Sciences (SPSS 20) and Wordle net software. The tests carried out using content analysis and correspondence analysis led to the conclusion that most companies mainly focus their actions on partnership strategies. It could also beconcluded that the main strategies that have a direct impact on management are: programs aimed at reducing costs through technological efficiency, resource optimization, operational improvements and socio-environmental management.

Análise das Estratégias Competitivas de Organizações no Segmento de Água e Saneamento

Competitive strategies are considered as one of the central elements for all management systems. The purpose of this study was to analyze the main strategic policies and prerogatives based on competitive advantages. Regarding the methodological approach, this study can beclassified as a documentaryand qualitative research. The sample for this research comprised five companies listed on the BM&F Bovespa market inthe water and sanitation economic subsector. The analysis of this study was carried out through content analysis and correspondence analysis techniques (ANACOR). Data processing and statistical inferencing of the reports were made with the aid of Atlas.ti, Statistical Package for the Social Sciences (SPSS 20) and Wordle net software. The tests carried out using content analysis and correspondence analysis led to the conclusion that most companies mainly focus their actions on partnership strategies. It could also beconcluded that the main strategies that have a direct impact on management are: programs aimed at reducing costs through technological efficiency, resource optimization, operational improvements and socio-environmental management.

Transitions to adulthood among young entrepreneurs in the informal mobile telephony sector in Accra, Ghana

The rapid expansion of the mobile telephony sector in African countries has been accompanied by the establishment of a wide range of informal support businesses, mostly run by young people. Little is known, however, about the lived experiences of young entrepreneurs working in this rapidly changing, technologically-driven sector. Drawing on qualitative research conducted in Accra, this paper explores young people's experiences of running informal businesses within the mobile telephony sector, including the sale of mobile phones and accessories, repair and technical support services, and the sale of airtime and mobile money services. Fateful and critical moments relating to personal and family events, as well as social networks and structural factors, are shown to mediate young entrepreneurs' chances of success in this new ‘niche' economic sub-sector. Despite the challenges they face, the paper illustrates how many of these young people have been able to achieve financial independence, afford rental accommodation, provide support for family members, and establish and sustain households. The mobile telephony sector is shown to be offering young people the opportunity to carve out a living, facilitate transitions into adulthood, and even enable some to move up the social ladder. By highlighting the agency of this group of young people, and for some their success in achieving the status of adulthood through their hard work and ingenuity, this study offers an important counter balance to images of young people in sub-Saharan Africa as being ‘stuck' or in ‘waithood'.

Gobierno corporativo y desempeño financiero de las empresas chilenas

El objetivo de la presente investigación es determinar y analizar el grado de adopción y homogeneidad de las prácticas de gobierno corporativo (en adelante GC) implementadas por las empresas chilenas inscritas en la Superintendencia de Valores y Seguros (SVS), a través del análisis de las respuestas al cuestionario exigido por la Norma de Carácter General N°385, además de establecer, si esta adopción afecta a variables de desempeño financiero de las empresas en revisión. Los datos analizados corresponden a las respuestas entregadas por las propias empresas a la SVS, para el año 2015 que se divulgaron a través de la página web de la SVS el año 2016. Para el logro del objetivo propuesto, hemos elaborado un indicador de adopción de prácticas de GC que hemos tomado como variable para establecer si el sector y subsector económico de pertenencia, tiene alguna influencia en el grado de adopción de prácticas de GC obtenido por las empresas que conforman la base de datos en análisis. Para dicho efecto se realizó un estudio descriptivo y se aplicaron herramientas estadísticas como el coeficiente de variación (CV), con lo cual se determinó que dichos grupos eran heterogéneos en la adopción, posteriormente se realizó un análisis de normalidad al grupo de datos lo cual estableció que se debían aplicar pruebas no paramétricas, utilizando la Rho de Spearman. A través de nuestra investigación, establecimos que no existe una relación significativa entre el grado de adopción y la valorización de la empresa medida a través de la Q de Tobin, la variable de rentabilidad y retorno sobre el patrimonio, pero logramos establecer relación entre la pertenencia a los indicadores, Dow Jones Sustainability Index Chile e Índice de Precios Selectivo de Acciones (IPSA).

The Economic Contribution of the Ocean Sector in South Africa

The contribution of the ocean sector in South Africa is of interest to many - from researchers of ocean resources and environments to firms using the ocean and government departments and nongovernmental organizations with interest in, or responsibility for, the ocean resources and environment. For the purpose of identifying the overall economic contribution this paper describes and applies alternative methods of apportioning GDP into ocean and non-ocean parts. One method uses ocean closeness as the reference for apportioning GDP. It has been estimated that in 1995 the ocean sector contributed about 33% of South Africa's GDP. A major weakness of the closeness to ocean basis for apportioning GDP is that many of the economic activities taking place near to the ocean use little, if anything, of the ocean resources and its environment as inputs in production. A preferred method of identifying ocean and non-ocean parts of GDP is to divide the value added per economic sub-sector (and sub-set) into ocean and non-ocean parts and summing the ocean parts. This method is outlined and demonstrated using South African data for the 2010 year at the third digit level of the standard industrial classification code list (ICCL or SIC). It is found that in 2010 the overall contribution of the ocean-linked sector to GDP was about 4.4 per cent.

Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya

Small and Medium Enterprises (SMEs), mostly in the third world countries face many challenges in the management of finances; namely: the ability to determine daily net earnings after the daily ratios for recurrent monthly deductions such loan premiums and utility bills are made. The main reason is the lack of an elaborate information technology infrastructure that directly targets this vital economic sub-sector for linking it to the general infrastructure that administers other financial transactions. In this article, we report the findings of a research conducted in assessing the readiness of SMEs and the Kenyan financial institutions in the use of information technology to specifically address these challenges.

Financial Benefits of Box Hive and the Determinants of Its Adoption in Selected District of Ethiopia

Though beekeeping is a common farming enterprise and income generating activity in Atsbi Wemberta district, and promotional efforts have been made to improve it, no systematic study has been undertaken to evaluate the promotional efforts and people’s response to it. The objectives of this study were to identify determinants of improved box hive adoption by the beekeepers; and to analyze financial benefits from adopting improved box hive technology. It was found that credit, knowledge, education level of household head, perception and visits to demonstrations positively and significantly influenced adoption of box hive. Hence, Linking honey producers to stable and reliable markets and following a participatory value chain based approach; promoting private entrepreneurs to provide additional services for value addition; promoting farmer-to-farmer knowledge sharing; and encouraging farmer groups create a learning environment are some initiatives that could go a long way in the sustainable development of this important economic sub-sector.

Who Benefits from Nonprofit Economic Development? Examining the Revenue Distribution of Tax-Exempt Development Organizations among U.S. Cities

ABSTRACT:Questions surrounding the distribution of benefits have served as the focus for much research on local economic development. While nonprofit community development corporations (CDCs) emerged in the 1960s as one means of redistributing economic development benefits by targeting job training and business growth programs toward the urban poor, CDCs now represent only a portion of all nonprofit economic development organizations (NEDOs) in the United States. Newer forms of these organizations have emerged in recent years, carrying out diverse economic functions. This evolution of the nonprofit economic development subsector raises a critical question: Do nonprofit economic development activities remain concentrated today in poorer cities, or do wealthier cities also have high levels of nonprofit economic development activity? This study aggregates finance data for several types of NEDOs to the city level, for all U.S. cities with population 50,000 and over, in order to examine this question. Multivariate regression is used to estimate the effects of city-level demographic, institutional, and fiscal explanations on the level of NEDO revenues per capita. The findings demonstrate that revenues from some types of NEDOs, such as CDCs, remain concentrated in higher-poverty cities. However, wealthier cities have higher concentrations of revenue generated by nonprofit business assistance organizations and nonprofit real estate organizations. This paper concludes by discussing the implications of these findings for current federal and local policies related to tax-exempt organizations.

Tourism expenditure model — a functional planning and policy-making tool

The Tourism Expenditures Model (TEM) is a short-run systems model which at both the national and regional level can provide a detailed analysis of the nature of tourism-related expenditures. The tourism-related sectors covered are transportation, accommodation, meals and beverages, recreation and entertainment and other purchases disaggregated with respect to time, region and economic subsector. The model is intended to help in the evaluation and planning of specific tourism proposals and in the development of the industry as a whole.