National Economic Growth Research Articles

Comparative Analysis of Sustainable Seafarers’ Employment and Welfare Systems in South Korea and China: Contemporary Issues and Improvements

Seafarers are recognized as essential workers responsible for maintaining the national logistics supply chain. This study analyzes the sustainable seafarers’ employment and welfare systems in South Korea and China using the comparative case study approach and presents relevant implications. In the era of the “New Normal” after the coronavirus disease 2019 pandemic, which is marked by hyper-personalization, seafarers have become increasingly resistant to acquiring maritime education and performing onboard duties. Even though South Korea has recognized seafarers as key agents of national economic growth, the participation of the new generation in the shipping industry has recently been declining. Meanwhile, China has been developing its shipping industry since the Deng Xiaoping reforms and fosters skilled seafarers by providing rigorous maritime education. However, both countries have been experiencing difficulties in ensuring the legal and social protection of seafarers; hence, the challenge of providing sustainable employment and welfare to seafarers remains. In conclusion, this study proposes the establishment of the “Asia Maritime Education, Employment, and Welfare Support Center” to support seafarers’ employment and welfare with the cooperation of other countries in the Asian region.

체계적 문헌고찰 방법을 활용한 스타트업 성공에 관한 연구동향 분석

Startups are considered to play an important role in creating jobs, revitalizing the economy, and enhancing national competitiveness. Accordingly, the government's multifaceted efforts have increased the number of startups, but continued advancement in quality is necessary. In order for startups to grow into global companies and play a leading role in leading national economic growth, it is necessary to first clearly identify the various factors necessary for startup success. Accordingly, this study was conducted for the purpose of suggesting implications and future research tasks that can be provided by research trends on startup success by synthesizing previous studies. To this end, a total of 104 domestic documents were collected through a systematic literature review that collected and analyzed existing domestic studies, and the following results were obtained by analyzing the concept of startups and trends in research related to startup success, trends by research period, academic field, and method, trends in research topics, and the relationship with major variables in research. First, research on startup success has been steadily increasing from 3 studies in 2014 to 21 studies in 2023. This is because startups have different characteristics and potential from existing startups based on their innovativeness and rapid growth potential. Second, the fact that startup success research has been conducted in various fields such as society, culture, art, technology, science, and law and published in 50 academic journals suggests that startups play an important role in various industrial ecosystems. Third, the results of analyzing research on startup success based on the ERIS model show that research topics are more biased toward resource and management strategy dimensions. This suggests that resource factors and management strategy factors are recognized as key factors in startup success. However, since startup success is achieved through the mutual influence of various factors, research on founder factors and industrial environment factors should also be conducted in a balanced manner to ensure comprehensive interest in startup success. This study is significant in that it provides useful insights to founders and policymakers who want to continue the direction and growth of future startup research based on these results.

Legal Reform of Indonesia’s Nickel Export Ban (Indonesia-Europa)

Introduction: Indonesia's nickel export restriction policy is regulated in the Minister of Trade Regulation No. 96 of 2019 concerning Export Requirements for Mining Products from Processing and Refining which is in line with the Minister of Energy and Mineral Resources Regulation No. 11 of 2019 and is the cause of a lawsuit brought by the European Union to the WTO for Indonesia's violation of the provisions of Article XI.1 of the GATT 1994 WTO agreement related to discrimination against export products in the form of nickel ore.Purposes of the Research: The purpose of this research is to analyze the rules of the prohibition of Nickel Exports Based on International Law reviewed based on the theory of state sovereignty in Indonesia.Methods of the Research: This research uses normative legal research using a statutory approach and conceptual approach, and uses descriptive analysis techniques supported by two legal materials, namely primary legal materials and secondary legal materials.Results of the Research: Indonesia certainly has a strong reason why these restrictions are carried out. In addition to national economic growth, it also realizes sustainable development. This research is conducted to describe the policy through the lens of international trade law and Indonesia's authority as a sovereign state.

Stimulating National Economic Growth Through Synergy of Digital Innovation and Green Economy

Stimulating National Economic Growth Through Synergy of Digital Innovation and Green Economy

중국 4대 직할시 온라인 플랫폼 창업자의 창업동기, 개인역량, 창업환경요인이 창업행동에 미치는 영향 : 사업기회포착의 매개효과를 중심으로

With the technological advancements of the Fourth Industrial Revolution, traditional manufacturing industries are transitioning to platform entrepreneurship utilizing AI and robotics technology. This shift contributes to national economic growth and job creation, aligning with the “Mass Entrepreneurship and Innovation” initiative advocated by Chinese Premier Li Keqiang in 2015, which drives the development of the platform economy. This study empirically analyzes the impact of entrepreneurial motivation, individual competencies, and entrepreneurial environmental factors on entrepreneurial behavior, with a mediating effect of business opportunity recognition, based on data collected from 515 online platform entrepreneurs in China’s four major municipalities. Using SPSS V. 24.0 and Process Macro 4.0 for analysis, the results indicate that economic and non-economic motivations, interpersonal competencies, digital utilization competencies, entrepreneurial education, financial status evaluation, and entrepreneurial support programs positively influence entrepreneurial behavior, with business opportunity recognition playing a crucial mediating role. Among these factors, financial status evaluation emerged as the most significant variable affecting entrepreneurial behavior. This finding demonstrates that an entrepreneur's ability to identify and evaluate business opportunities significantly impacts their entrepreneurial preparation and execution. Conversely, problem-solving competencies showed no direct effect on entrepreneurial behavior nor a mediating effect through business opportunity recognition. The traditional Chinese culture emphasizing guanxi (relationships) highlights the greater importance of interpersonal competencies over problem-solving or digital utilization competencies in business success. Therefore, to promote online platform entrepreneurship, it is essential to provide systematic financial education and continuous entrepreneurial support, enable networking and interpersonal skill‘s development programs, and offer practical support measures considering the impact of entrepreneurial environmental factors such as financial status evaluation on entrepreneurial behavior.

Building health systems resilience: understanding the social, economic, and cultural impacts of climate change from stakeholders' perspectives in Indonesia

sObjectivesThis study explores stakeholders' perspectives on the direct, social, economic, and cultural impacts of climate change on health in Indonesia and identifies possible strategies to enhance health system resilience.MethodsThis study followed the Consolidated Criteria for Reporting Qualitative Research (COREQ) guidelines to ensure comprehensive and transparent reporting. Purposive sampling was used to select 22 stakeholders with relevant expertise, including government officials, representatives from international and professional health organizations, health workers, and community representatives. Semi-structured interviews were conducted, and data were analyzed using directed content analysis. Data saturation was reached when no new themes emerged.ResultsThe findings reveal significant challenges to Indonesia's health system due to climate change. Community awareness varies widely, with higher levels in disaster-prone areas. Socially, climate change has fostered community cooperation through collective adaptation efforts but has also led to tensions due to inequitable resource distribution. Economically, rising healthcare costs and financial instability, particularly in rural and disaster-prone regions, place a strain on the system. Culturally, there is a growing emphasis on environmental conservation, promoting eco-friendly practices and the integration of traditional and modern health approaches.ConclusionBuilding health system resilience in Indonesia requires addressing the social, economic, and cultural impacts of climate change. Possible strategies include enhancing public health education, strengthening healthcare infrastructure, improving inter-agency coordination, and leveraging technology to support effective responses to climate-related health threats, ultimately promoting national health, social stability, and economic growth.

The Dynamics Model of Cross-Regional to Enhance Economic Growth: New Empirical Evidence from Indonesia

Abstract Economic growth growth is crucial to improve community welfare in the long term. Although Indonesia’s economic growth is on an upward trend, Indonesia must remain vigilant in its relationship with the global world due to the rapidly changing and highly uncertain dynamics. Indonesia’s economic growth is also inseparable from the influence of various provinces’ economic growth, which varies due to the economic dynamics between regions. These dynamics can influence the region’s contribution to national economic growth. Therefore, identifying the important role of the determining factors of economic growth and appropriate policies in dealing with economic dynamics between regions is crucial because sustainable economic growth is also essential for improving community welfare. This study examines the determinants of Indonesia’s economic growth from a regional economic perspective, using a Dynamic Panel Data analysis model with three estimation models. The first model focuses on the primary variables of technological progress, population, and investment. The second model adds the human capital variable, while the third model further incorporates the variables of open economy, economic structure changes, and income inequality. The study utilizes data from the Indonesian Central Statistics Agency, covering 27 provinces from 2015 to 2022. The results indicate that increased technological progress, population, investment, human resources, economic openness, and economic structure changes can increase economic growth, while inequality of income harms economic growth. This research has implications that in creating determinant conditions for conducive economic growth, it needs to be carried out evenly in all provinces in Indonesia.

‘japa’ syndrome of Nigerian youths as a survival strategy: A socio-economic perspective

Nigeria is often referred to as the giant of Africa; still, it has over the last two years experienced an alarming surge in the migration of young Nigerians to other developed states. Factors such as the chronic unemployment rate, which stands at 33.3% as of 2020, high levels of insecurity, and unfulfilled aspirations have caused increased pressure in the search for better opportunities abroad. More interestingly, the increased migration rate most likely has nothing to do with the idolisation of these states, but rather is largely due to a lack of national development and economic growth, as youths have been found to migrate to countries with better economies within Africa. Although no accurate data exists on the rate of migration, this circumstantial migration reflects the continued struggle of citizens to improve their living conditions. The sudden increase in the international migration of young Nigerians is a critical issue that has not received much attention from the Nigerian government, especially in tackling the root causes and ways to further reduce its negative effects on the socio-economic development of the nation. Given these concerns, this study aims to further explore the push and pull factors influencing the migration of Nigerian youths and their patterns. More importantly, it examines the socio-economic implications of an increase in the migration rate in Nigeria. The findings of the study will be useful for an in-depth reality check and will serve as a wake-up call for the Nigerian government.

Research on the Role of the Third Front Construction in China’s Modernization

The Third Front Construction was a major national strategy implemented by China in the 1960s, aimed at promoting the industrialization of the central and western regions while addressing external security threats. This initiative not only laid a solid foundation for China’s industrialization but also revealed unique paths of Chinese modernization, such as regional coordinated development and the integration of national defense and economic growth. However, the Third Front Construction also brought about environmental degradation and over-exploitation of resources, providing important lessons for contemporary China’s development. In the modernization process, it is crucial to draw on the experiences of the Third Front Construction, focusing on regional coordinated development and enhancing social mobilization capabilities. By summarizing the experiences and lessons of the Third Front Construction, this paper provides historical references and future directions for the development of Chinese-style modernization.

Artificial intelligence for citizen participation to promote sustainable services for sustainable development in South African municipalities: A conceptual analysis

The linkages between adequate service delivery and sustainable development have been given a little academic attention in the South Africa’s local municipalities. For this reason, the achievement of sustainable development has been difficult which has culminated in the occurrence of service delivery protests. These service delivery protests have posed critical threats to social security thus affecting the possibility to achieve sustainable development in South Africa. the paper findings showed that the delivery of inadequate services to the citizens is triggered by the failure to equally include citizens in the process. One of the threats that the paper found is the fact that these service delivery protests have become a major issue and any move to solve them without citizen participation has been unsuccessful. The paper findings also showed that that the lack of adequate service delivery to the citizens causes human insecurities which in turn affect the achievement of sustainable development. This is because the occurrence of the service delivery protests deteriorates national economic growth and human growth. They affect foreign investors and international tourists by instilling fear in them and yet they are contributors to sustainable economic growth that leads to sustainable development. The findings of this paper also presented that the use of Artificial Intelligence (AI) technologies can increase citizen participation during service delivery. It is through the use of citizen participation that openness, transparency, accountability, and representation principles that promote the delivery of adequate services are possible. The paper found that using AI technologies would also foster trust between the service provider and service receiver needed for delivering adequate services, thus achieve sustainable development in South Africa.

Identification of Factors Affecting Net Zero Emission Level in Indonesia

Amid the rising risks of fossil fuel prices and uncertainties about the global energy supply, countries worldwide have the opportunity to strengthen the development of clean energy investments. This study analyzes the impact of economic growth and other variables, such as fossil fuel consumption, renewable electricity generation, and low-carbon energy use, on carbon dioxide emissions in Indonesia over the past 58 years, from 1965 to 2022. The analysis compares the findings with the Environmental Kuznets Curve (EKC) hypothesis using quadratic equations and cubic equations through the stepwise application of ordinary least square (OLS) methods. Projections suggest that this relationship could follow the Environmental Kuznets Curve (EKC) hypothesis with an inverted U-shape as GDP per capita increases, CO2 emissions per capita rise until reaching a turning point at $12,440 GDP per capita, after which CO2 emissions per capita potentially decrease with further GDP growth. The EKC is a theoretical framework that suggests that environmental degradation initially increases with economic growth, but it starts to decrease beyond a certain point. The analysis also shows that projections could follow an N-curve when variables such as fossil fuel consumption and low-carbon energy influence the NZE level. This indicates that Indonesia still needs to consider energy security in the short and medium term while advancing sustainable energy initiatives. There is also a need for support in research and development of environmentally friendly technologies to reduce emissions alongside national economic growth.

Effectiveness of tax incentives in optimizing corporate income tax revenue: Case study public listed company tax office

Tax revenue is a key component of the Indonesian State Budget (APBN) and plays a strategic role in national development. This study aims to analyze the impact of the implementation of the income tax rate reduction policy and tax incentives based on Law Number 7 of 2021 on Harmonization of Tax Regulations (UU HPP) on corporate income tax revenue at Public Listed Company Tax Office. The research methodology used is qualitative descriptive, with primary data obtained through interviews with tax officials and tax consultants, and secondary data from tax revenue documentation and related literature. The findings show that the reduction in corporate income tax rates and the provision of tax incentives for publicly listed companies significantly impact the optimization of tax revenue at the Public Listed Company Tax Office. The largest contribution to corporate income tax revenue comes from companies listed on the Indonesia Stock Exchange (IDX), with a dominant contribution from companies conducting Initial Public Offerings (IPOs). The study also identifies several factors affecting the optimization of corporate income tax revenue, including tax awareness and corporate tax morale. These findings provide important insights into how tax policies can be optimized to improve taxpayer compliance and tax revenue, as well as their contribution to national economic growth.

SOCIALIZATION OF PRODUCT BRANDING AS AN EFFORT TO INCREASE ENTREPRENEURIAL INTEREST AMONG HOUSEWIVES OF NGINDEN JANGKUNGAN VILLAGE

Product branding provides various potentials in increasing sales value so that it can attract consumers, product branding can be developed in MSMEs which play an important role in national economic growth. MSMEs are also considered as one of the solutions for people who do not have jobs or do not want to work in a company. One of them is in the Nginden Jangkungan sub-district which still does not have an adequate understanding of product branding, so efforts are needed to increase awareness and understanding, one of which is through socialization. With the socialization related to product branding, it is expected to increase product competitiveness, attract consumer attention and increase income.

Improving Digital Marketing Skills of MSMEs in Legok Village through a Community Service Program

There are several problems in marketing the products of Micro, Small and Medium Enterprises (MSMEs) in this digital era. Problems such as limited access to technology and lack of knowledge and expertise in managing digital platforms or tools. To overcome these problems, Community Service (PKM) activities are carried out. This PKM is focused on improving marketing skills for MSME players in Legok Village, Tangerang, Banten by Universitas Multimedia Nusantara (UMN). Specifically, this solution is in the form of training with the theme of digital marketing management, market trend analysis, customer preferences, and strategies to increase customer interaction on e-commerce platforms and social media. The materials in this PKM activity are market trend analysis and the use of digital marketing tools where there are 19 participants from different MSME players. The results of this training showed that 100% of participants stated that the training delivered provided new insights or ideas to improve their business, especially in terms of marketing management. Thus, MSMEs in Legok Village are expected to be able to compete better in the digital market, which in turn can encourage local and national economic growth.

The Relationship between Activities of the Insurance Industry and Economic Growth: The Case of G-20 Economies

The aim of this study is to examine the impact of developments in the insurance sector on economic growth. This study examines an annual dataset spanning 1992 to 2022 from ten countries within the G-20 economies, for which data is reliably accessible. The analysis employs panel cointegration and panel causality tests to explore the underlying relationships. The results show that the activities of the overall insurance sector have a positive effect on economic development, while non-life insurance activities, as a sub-component of the insurance sector, also demonstrate a similar impact. Furthermore, findings indicate the existence of a bidirectional causality relationship between economic development and non-life insurance premiums. This study provides various recommendations to policymakers in the process of developing policies on the growth of national economies.

Acceleration of the Banking Sector and Economic Growth: Effectiveness of Economic Recovery Strategies Post-Covid-19

The banking sector around the world is under great pressure due to the current state of the Covid-19. This study investigates how Covid-19 impacts systemic risk in the banking sector across all types of banking lines affected by Covid-19. This study found that all banking lines experienced a significant increase in systemic risk among the types of banking that were sampled initially. By using spillover policies, it is also possible to identify institutions that are systemically important. The analysis was performed using Panel Data Regression, SVAR, and FEVD on individual bank data and macroeconomic data. The findings proved that government policies to drive the business cycle and MSME actors in the context of overcoming the impact of Covid-19, have not shown their effectiveness. This is indicated by the negative response of economic growth to the policies that have been issued. On the other hand, the performance of banking financial institutions also contributes to national economic growth. This is indicated by the sensitivity of the bank's internal variables in responding to national economic growth. Likewise, with the response to government policies and macroeconomic conditions. Therefore, there is a need for an acceleration policy in handling the current national economic recovery.Originality/Value: This paper focus on systematic risk in banking during COVID-19, use of advanced econometric techniques, evaluation of government policies, integration of bank performance and macroeconomic growth, and its assessment of policy effectiveness, and its implications for future economic recovery efforts.

Dampak Industri Halal pada Perekonomian di Indonesia: Pengaruh Pendapatan, Ekspor, dan FDI terhadap PDB Melalui Pendekatan GMM

This research explores the influence of income, exports and foreign direct investment (FDI) on Gross Domestic Product (GDP) in the halal industry in Indonesia, using the Generalized Method of Moments (GMM) approach. This study is based on panel data from companies operating in the halal sector between 2010 and 2022. The results show that income and exports positively and significantly influence GDP growth, confirming the importance of company activities and export performance in driving national economic growth. In contrast, FDI was found to have no significant effect on GDP, indicating that foreign investment's contribution in this sector is not yet optimal or is influenced by other factors such as the quality of institutions and infrastructure. This research provides important implications for policymakers and stakeholders, considering the urgency of improving export strategies, diversifying markets, and improving the quality of institutions and infrastructure to maximize the economic benefits of FDI. In addition, the results of this research also emphasize the important role of the halal industry as a major contributor to Indonesia's economic growth, as well as the need for policies that support further development and diversification of the halal industrial sector.

Return migration, self-selection and labour market outcomes

The extensive literature has determined that migration is often temporary rather than permanent. Nevertheless, the topic of return migration continues to be inadequately investigated. This paper offers a chronological review of the literature analysing the impact of labour market outcomes on the return decision. In this regard, the authors investigated the causes of return while presenting the main theoretical and empirical findings on self-selection. The empirical literature indi-cates that the selection in the return phase is negatively correlated to the one of the emigration phase. Furthermore, the authors assessed the influence of return migration on the labour market outcomes, thus finding that the most evident ef-fects occur in the short run, while the market structure determines their length and magnitude. In this context, Central-Eastern Europe represents a suitable case study for the impact of returnees' activities on the domestic labour market. Whereas the findings suggest a positive outcome, more adequate re-integration policies could further enhance both regional and national economic growth.

Graph model for conflict resolution with hybrid information based on prospect theory and PROMETHEE method and its application in water resources conflict

Water resources are crucial for national economic growth, but industrial development has led to severe pollution, sparking conflicts between government and enterprises over their responsibilities. Addressing these water pollution conflicts is urgent. The Graph Model for Conflict Resolution (GMCR) offers a simple and logical approach to analyzing such conflicts with minimal data. However, current models overlook decision makers’ (DMs) heterogeneity, bounded rationality, and the theoretical foundation for preference ranking. To overcome these limitations, this study integrates hybrid information to account for DMs’ diverse knowledge and experience. Prospect theory is employed to capture DMs’ bounded rationality, enhancing the accuracy of decision outcomes. The PROMETHEE method is introduced for preference ranking during GMCR modeling, guided by multi-attribute decision-making (MADM) theory. Additionally, the four basic stability concepts are redefined and proven, expanding GMCR’s theoretical applications. Finally, a case study of the Huangshui River water conflict and the comparative analysis demonstrate the model’s validity and advantages.

Is national economic growth associated with environmental social and governance performance of firms?

AbstractThis study delves into the effect of environmental, social and governance (ESG) indicators on economic growth trajectory of an emerging economy. A sample of firms listed on the ESG index of the National Stock Exchange (NSE) was examined. The findings reveal a positive and statistically significant relationship between ESG performance indicators and economic growth represented as gross domestic product (GDP) per capita. The sample is further segregated into energy and non‐energy sectors, where the aggregate ESG scores exhibited a statistically significant influence on economic growth in both sectors. However, upon a closer examination of the individual ESG pillars, the governance pillar is observed to exert a negative influence on economic performance in non‐energy firms. In contrast, the environment and social pillars show no significant influence. The analysis then employs a unique approach by applying a Difference‐in‐differences estimator to assess the impact of Business Responsibility and Sustainability Reporting (BRSR) regulations, which confirms a positive impact on economic growth after regulations but exclusively within the non‐energy sector. This study underscores the substantial impact of ESG aggregate and individual scores on GDP per capita, which translates to economic growth.