KnE Social Sciences

Multiplier Effect of Investment in the Tourism Sector of West Papua Province on Regional Economic Development

Vallen Tonny Baransano — 2025-02-19

Tourism is one of the sectors that can be used as a mainstay for economic growth in a region oriented towards sustainable development. The tourism sector in this study uses the proxy of the accommodation and food and beverage provision sector. This study aims to see the multiplier effect value arising from investments made in the tourism sector locally (in West Papua Province) and nationally (in all provinces). The approach used in seeing the multiplier effect value is Inter-Regional Input Output (IRIO). The analysis results show that the multiplier effect value of investment in the tourism sector in West Papua Province is 1.51 times the investment value that will be received by West Papua Province and 1.86 times the total investment for the nation. This shows that the tourism sector can be used as one of the options for improving the economy of West Papua Province with the concept of sustainable development.

How Does the Impact of Political and Economic Risks Affect Foreign Investment in ASEAN-7

Alifah Rokhmah Idialis — 2025-02-19

Unstable economic and political conditions can increase uncertainty and potential foreign investment losses. According to Marsh (2019), ASEAN-7 countries (Indonesia, Myanmar, Vietnam, Thailand, Malaysia, Philippines, and Cambodia) have high and medium economic and political risks in ASEAN. An in-depth analysis of foreign investment that is assumed to be correlated with economic and political risk is required. The research methodology used is the Panel Corrected Standard Error (PCSE) as the analysis technique. The results show that economic risk with trade openness indicator positively and significantly affects foreign direct investment. This means that when ASEAN-7 countries have the ability to increase their international trade activities, the flow of FDI will increase. Political risk with political stability indicator has a positive and significant effect on Foreign Direct Investment. This means that good political stability conditions in ASEAN-7 will increase FDI flows to ASEAN-7 countries. The corruption perception index negatively and significantly affects the foreign direct investment. This means that the more corrupt the countries in ASEAN-7, the higher the FDI flow to ASEAN-7 countries.

Strategy for Strengthening Creative Economic Subsectors: Case Study on Culinary MSMEs Blue Beach Tanjung Bumi Bangkalan District and Lon Malang Beach Sampang District

Alvin Sugeng Prasetyo — 2025-02-19

The creative economy in Bangkalan and Sampang Regencies continues to be developed. This research aims to formulate a strategy for developing the creative economy of the culinary subsector in the Tanjung Bumi Blue Beach tourist spot, Bangkalan Regency, and Lon Beach, Malang, Sampang Regency, because they act as economic drivers in Bangkalan and Sampang Regency. The method used in this research is multiple regression, with as many micro and small enterprises as possible, with as many as 152 samples. The estimation results show that capital, labor, raw materials for production, and electrical energy have a significant effect on production sold by traders. Still, the use of technology has not had a significant effect on production sold by traders. The Research results found that culinary MSMEs in the Blue Beach and Lon Malang tourist destination have not yet optimized digitalization. For example, they lack mastery of technology and have not used e-payment, so they have not been able to increase revenue.

Empowering Halal SMEs: Asset-Based Community Development as a Strategy for Development of Halal Ecosystem

Ambariyanto Ambariyanto — 2025-02-19

The research aims to identify and address harnessing and leveraging existing assets within a community to foster a robust halal ecosystem. This paper explores a case study of halal SMEs that uses a community development framework called asset based community dDevelopment (ABCD) that emphasizes the identification and enhancement of the inherent strengths of communities to promote resilience and adaptability in challenging circumstances. Additionally, surveys and interviews with stakeholders, including SME owners and policymakers, are conducted to provide empirical insights into empowering halal SMEs. Data were collected using an asset-based community development approach including interviews, focus group discussions (FGD), and asset mapping. The paper argues that by recognizing and utilizing the tangible and intangible assets of Halal SMEs, such as cultural knowledge, community networks, and entrepreneurial spirit, these businesses can thrive and contribute significantly to the broader Halal market. Furthermore, this study identifies several empowerment strategies that can be implemented, including capacity building, market access, financial support, and networking opportunities. Identifying assets in the community can be the best solution for SMEs development by changing their paradigm, looking at their potential capacity, and not only focusing on problems. The implementation of an asset-based model could be a community engagement model for developing halal ecosystems.

How to Make Stakeholders Living in a Perfect Harmony in a Company?

Anis Wulandari — 2025-02-19

The objective of this research is to examine how to enable stakeholders to live in perfect harmony in a company. To achieve this, the research employs a literature review with an integrative or critical review approach. The data used is secondary data collected through documentation techniques. The findings of this research indicate three ways to ensure that stakeholders can live in perfect harmony in a company: 1) increasing the transparency of financial reporting by enhancing information disclosure; 2) establishing the most efficient contracts using optimal incentive schemes; and 3) creating a mechanism that aligns the goals of principals and agents, referred to as corporate governance (CG), by monitoring and controlling all management decisions to ensure that these decisions align with the interests of shareholders and motivate managerial behavior to enhance the company’s wealth.

Productivity of Siwalan Farmers in Madura (Past and Now): A Demographic Analysis

Anita Kristina — 2025-02-19

This study aims to analyze the productivity of siwalan farmers engaged in the production of brown sugar in Aeng Panas village, Madura, Indonesia. The analysis is conducted from social, historical, production, and demographic perspectives. The study seeks to reconstruct the productivity of Siwalan farmers through demographic analysis, highlighting the challenges posed by changes in the agricultural work environment over time, considering that the brown sugar business has been a part of their heritage. The method used is rapid ethnography, incorporating data collected through interviews. The study reveals that changes and expansion of land areas or the adoption of modern work safety technology do not influence the productivity of palm sugar farmers in brown sugar production. Instead, the productivity value is shaped by the labor structure pattern, the working class hierarchy, and the patriarchal mindset, which have undergone minimal changes over time. The findings of this study contribute to the understanding that productivity in this context is largely influenced by labor demographics, specifically the social patterns within the farmer’s work environment.

Economic Growth in East Java: How Significant is the Role of the Non-agricultural Sector?

Bondan Satriawan — 2025-02-19

This study seeks to analyze the impact of the non-agricultural sector on economic growth in East Java over the last decade (2013-2023). Utilizing panel data regression analysis on 38 regencies and cities within East Java Province for the period of 2013-2023, the research identifies the leading economic sector for each district/city, distinguishing between the non-agricultural and agricultural sectors. The variables incorporated in this study include: (i) the leading economic sector of each district/city, (ii) the leading labor sector, (iii) the average years of schooling of the population, and (iv) the total labor force in each district/city. The findings indicate that districts/cities where the non-agricultural sector is dominant are more likely to experience higher rates of economic growth compared to those where agriculture constitutes the primary economic activity.

The Development of Community-based Tourism on Giliyang Island, Madura: A Case for Rebranding

Bondan Satriawan — 2025-02-19

This study aims to analyze (i) whether the current branding of Giliyang Island as a tourist destination is appropriate, and (ii) to explore the possibility of developing a stronger and more suitable branding strategy for the island that appeals to both national and international tourists. To achieve this, a descriptive qualitative approach was employed, utilizing on-site observations and in-depth interviews with key stakeholders involved in tourism development on Giliyang Island. The findings of the study reveal that (i) Giliyang Island has significant untapped tourism potential that is not adequately reflected in its current branding, (ii) the existing branding may limit market expansion and reduce the island’s appeal to a broader target audience, and (iii) a new, more relevant branding strategy is needed to better capture the island’s unique attractions and enhance its appeal to potential visitors. Rebranding is necessary to present Giliyang Island as a more attractive destination, thereby increasing its visibility and competitiveness in the tourism market.

Economic Growth and Financial Inclusion in Developing Countries

Diah Wahyuningsih — 2025-02-19

The banking sector has an important role in the country’s economy because banking can influence the economic conditions of a country. This research aims to analyze the influence of banking stability on economic growth in developing countries. This research uses secondary data from cross-section data from 35 developing countries with a research period from 2011-2022. The data analysis technique used is based on panel corrected standard error (PCSE). Results of stability research on the influence of economic growth in developing countries. Banking stability can increase economic growth because stable banks are able to support economic activities through providing credit, managing risk, and increasing public trust.

Sustainability of Tourism Villages in Madura

Eni Sri Rahayuningsih — 2025-02-19

This research aims to analyze the sustainability of tourist villages in Madura. This research is very urgent because four districts in Madura have very large tourism village potential (145 villages), but village SDGs achievements are relatively low in East Java. Tourism villages are very strategic for achieving village SDGs, as an integrated and sustainable effort to create villages without poverty. The research results show that the development of tourist villages in Madura has been implemented on a massive scale but its sustainability is greatly influenced by community conflicts after the village head election. After the village head election, tourist villages are often characterized by two conflicting community groups, namely: the group supporting the elected village head and the group supporting the village head candidate who was not elected. A tourist village that has been developed by the previous village head will be guaranteed its sustainability if the new village head selected comes from the previous group of village heads and vice versa. So every change of village head often has implications for the sustainability of the tourist village. Many tourist villages in Madura were closed after a change of village head.

Vicious Circle on Smoking Households in Rural Areas in an Effort to Efficiently Spend on Human Resource Investment

Henny Oktavianti — 2025-02-19

This study aims to examine family welfare in the context of a vicious circle between investment in human resources and cigarette consumption. Parents’ decision to allocate their consumption between smoking and investment in human resources will have an effect on the next generation and if this continues, a vicious circle of smoking families will form. Human resources are projected into education and health. The data cited are sourced from IFLS in 1993 and 2014. The method of analysis, the first step, is to apply the simultaneous equation model in the context of the quadratic engle curve by using the 1997 and 2014 IFLS data, we find that cigarette consumption significantly reduces the share of education and health spending. The model also includes the head of the household’s education level. The results show that parent households in rural areas significantly increased spending on education investment when their spending on cigarettes was lower. The condition has a similar pattern with their children’s household. The conclusion is that parents behavior on cigarette spending patterns have a similar effect on the investment in their children’s human resources. So the vicious circle of household smoker continuously happened, especially those who live in rural areas.

Sustainable Development Goals (SDGs) and the Multistakeholder Role of Creative Economy Actors in Sampang Regency

Hery Purwanto — 2025-02-19

Sustainable development goals (SDGs) are a global agenda for sustainable development. The creative economy is an important part of sustainable development. The objectives of this study are to: (1) analyze the contribution of the creative economy in realizing the SDGs in Sampang district, and (2) analyze the role of multi-stakeholders in developing the creative economy sustainably. The type of research used in this study is qualitative descriptive research, with a case study approach. The results of this study are: (1) The creative economy contributes to the SDGs, including: no poverty (Goal 1), gender equality (Goal 5), decent work and economic growth (Goal 8), industry, innovation and infrastructure (Goal 9), reducing inequality (Goal 10), sustainable cities (Goal 11), sustainable consumption and production patterns (Goal 12), peaceful and inclusive societies (Goal 16) and means of implementation and global partnerships (Goal 17). (2). The role of multi-stakeholders in developing sustainable tourism is not yet fully apparent. Collaboration can connect elements of business, government, community, academics, and media in order to realize the creative economy sector sustainably. Attention and commitment from multistakeholders are needed, especially the Sampang district government. Collaboration between actors, between sectors, and between lines in the development of the creative economy must be maintained sustainably and integrated.

Priority Development Model of Cooperatives as the Pillar of the Economy in Sumenep

Herry Yulistiyono — 2025-02-19

Cooperatives play a strategic role as the backbone of Indonesia’s economy, particularly in Sumenep Regency, but still face various challenges in developing and optimizing their role. This study aims to analyze the key factors influencing cooperative development programs and formulate policy priorities to strengthen the role of cooperatives in the community’s economy, especially for their members. The analytical hierarchy process (AHP) method is used to identify and determine priority weights for various factors and policy alternatives. The analysis results show that there are four main factors influencing cooperative development programs, namely cooperative institutions (weight 32.75%), cooperative business (24.81%), KSP/USP cooperatives (22.28%), and cooperative human resource skills (20.16%). policy priorities for each factor are also identified, with increasing institutional capacity and quality of cooperative services as the highest priority for the cooperative institutions factor, increasing the business capacity of cooperatives and their members for the cooperative business factor, improving the capacity of KSP/USP managers for the KSP/USP cooperatives factor, and enhancing the human resources of cooperative managers and members for the cooperative human resource skills factor. The implementation of targeted policies based on identified priorities is expected to encourage cooperatives to be more adaptive in facing global economic challenges and increase the competitiveness of cooperatives as the pillar of the national economy. This research provides an important contribution to the formulation of comprehensive cooperative empowerment, considering the complexity of challenges and specific needs of the cooperative sector in Sumenep Regency.

Analysis of Stakeholders for Marine Fisheries Cultivation Through Floating Cages in Sumenep Regency's The Archipelagic Region

Jakfar Sadik — 2025-02-19

The research objectives of this study are: 1) knowing the variety of stakeholders in marine fisheries cultivation, 2) knowing the role and profile of marine fisheries cultivation stakeholders, and 3) the level of importance and influence of stakeholders in marine fisheries cultivation. The method used in this research is stakeholder analysis. Stakeholder analysis is used to identify all parties that meet the definition of stakeholders including parties that may be influenced or affect the results of marine fisheries cultivation activities in Sapeken District. The results showed various stakeholders namely fishing communities (actors), government, entrepreneurs and academics with their level of interest and influence in aquaculture through floating cages. This research is expected to contribute to the development of the concept of coastal and small island economies.

Evaluating the Effectiveness of Public Policy Sustainable Tourism Development in Indonesia: A Comprehensive Systematic Literature Review

Jordan Putra Cahyono — 2025-02-19

Sustainable tourism development is increasingly recognized as vital for balancing economic growth with environmental conservation, particularly in regions like Indonesia, where tourism is a crucial driver of the economy. However, the effectiveness of current public policies in promoting sustainable tourism remains to be determined. This study aims to evaluate the effectiveness of public policies on sustainable tourism development in Indonesia through a comprehensive systematic literature review. A rigorous selection of studies was conducted using the PICOC (Population, Intervention, Comparison, Outcome, Context) framework, analyzing successful and underperforming policies. The review identifies significant gaps, including poor policy coordination, stakeholder conflicts, and resource limitations, which hinder the successful implementation of sustainable practices. The findings suggest that enhancing policy integration, increasing stakeholder engagement, and incorporating advanced technologies for better resource management are critical for achieving sustainability goals. The study provides evidence-based recommendations for policymakers to improve Indonesia’s tourism policies’ efficiency and adaptability. These insights are essential for aligning public policies with the sustainable development goals (SDGs), ensuring long-term sustainability in the rapidly expanding tourism sector.

Analysis of Halal Standards and Performance of the Halal Food Industry in Indonesia and Malaysia

Ahmad Kamil — 2025-02-19

The halal food industry has experienced significant growth in line with the increasing awareness among Muslim consumers about the importance of using products that comply with Sharia principles. This trend is not only happening in Muslim-majority countries but also across the globe. Several countries have developed their own halal standards and recognized the potential of the global halal industry. The halal standard recognized in Indonesia is the Halal Standard by the Halal Product Assurance Agency (BPJPH), while in Malaysia, it is by JAKIM. The objective of this study is to examine and compare the halal food industry standards practiced in Indonesia and Malaysia. This research analyzes the standards and performance of the halal industry in Indonesia. The study uses a descriptive statistical research methodology by analyzing data from literature reviews of journal publications, official BPJPH reports, and websites. The halal food industry in Indonesia has experienced significant growth, driven by increasing consumer awareness of the importance of halal certification and regulatory support, especially after the enactment of the Halal Product Assurance Law (UU JPH). In Indonesia, the halal assurance system (HAS) is implemented in accordance with MUI and BPJPH regulations through HAS 23103:2012. In Malaysia, JAKIM oversees halal awareness programs and regulates food production facilities based on standards documented in the Malaysian Halal Management System (MHMS) 2020, the Malaysian Halal Certification Procedure Manual 2014 and 2020, and MS 1500: 2019 (Halal Food).

Model for Participatory Planning Digital Transformation of Local Economic Development

Kurniyati Indahsari — 2025-02-19

Planning process digitization is widely used in Indonesia’s national and regional development. However, the local economic development, characterized by participation and empowerment, has not matched the implementations. This study argues that the participatory planning process for local economic development should be standardized and digitized. The argument is based on the results of the literature regarding development stages, procedures, the characteristics and cycles of information system designs, and various digitizing participatory planning practices in various countries. In-depth interviews were conducted with local economic development planners/facilitators and other parties involved in planning, such as information system analysts and designers. The results showed that the stages and instruments in the participatory local economic planning process could be standardized and digitized. However, digital systems cannot replace all stages due to the varied contexts of action plans’ problems.

Assessing the Effectiveness of Fiscal Incentives in Promoting Green Investments: A Stochastic Frontier Analysis (SFA) Approach

Nurul Isnayni Nikmatul Makhfudhah — 2025-02-19

This paper aims to evaluate the effectiveness of fiscal incentives in promoting green investments, focusing on their economic and environmental impacts. Using a Stochastic Frontier Analysis (SFA) approach, this study assesses how different forms of fiscal support, including tax credits, subsidies, and accelerated depreciation, influence the efficiency of green investments across multiple sectors. Data is sourced from a global database of green projects with a focus on renewable energy, energy efficiency, and carbon reduction initiatives. The results suggest that fiscal incentives play a significant role in improving the adoption of sustainable technologies but also highlight inefficiencies in the allocation of these incentives. Recommendations for improving policy design and implementation are discussed, based on findings related to the cost-effectiveness and performance of current green investment strategies.

Green Building and Cost Efficiency: Life Cycle Cost Study at ITSB Campus

Nurul Subkhania — 2025-02-19

This study examines the implementation of the green building concept at ITSB campus using life cycle cost (LCC) analysis. The focus of the research is to determine cost efficiency in the use of energy and water, as well as to identify the proportion of costs incurred throughout the building’s operational period. The results indicate that the initial investment dominates the total project cost, accounting for 92%. Despite the high initial investment, the application of environmentally friendly technologies in the building successfully reduced operational costs, particularly energy usage, resulting in savings of Rp 678,890,260. This study provides important insights for project planning in Indonesia, especially regarding sustainability, cost efficiency, and environmental impact.

The Application of Cleaner Production of Batik Industry (Case of Pamekasan Regency, East Java, Indonesia)

Norita Vibriyanto — 2025-02-19

Batik is a representation of the cultural identity that is produced and offers insight into the daily lives of those who create it. It has a positive impact on economic development in Indonesia, such as increased income and reduced unemployment. Therefore it is important to manage and maintain Indonesia’s batik crafts. In the current era of globalization, there is awareness of the importance of sustainable development. It is crucial that all parties engage in initiatives aimed at achieving sustainable development such as the implementation of cleaner production practices. Cleaner production represents a proactive strategic program that is implemented with the objective of aligning sustainable economic development activities with environmental protection efforts. The objective of this study was to ascertain cleaner production in the batik industry with regard to sustainable development. This research used a qualitative methodology by triangulation to validate the data obtained from informants. The findings indicated that the batik production in Pamekasan never fully adopted the principle of cleaner production. This is because artisan Batik in Pamekasan considers that synthetic dyes are more profitable for the production of batik products and affordable for consumers.

Recent Development on Halal Tourism: Evidence From Global Muslim Travel Index

M Rasyid — 2025-02-19

The purpose of this paper is to analyze the development of global religious tourism based on the results of the latest report from the Global Muslim Travel Index (GMTI) in 2024. The GMTI is a strategic index designed to assess the readiness of a tourist destination to attract Muslim tourists, both from Muslim-majority and non-Muslim countries. The index reflects the destination’s commitment to providing services that align with Muslim needs and values, as well as offering a safe, comfortable, and Islamic principles travel experience. GMTI also plays a role in mapping out new opportunities in the halal tourism sector, which has great potential to continue to grow in the future. The results of the assessment from the GMTI study show that Malaysia has consistently been the main reference in global religious tourism. Recently, Indonesia has also emerged as the first ranking in the GMT qualifiers. Surprisingly, it turns out that Saudi Arabia, which is the main reference for Muslim worship, is still in third place. These results show that the potential for religious tourism in Malaysia and Indonesia is still very high.

The Influence of Exports, Imports, and Domestic Investment on Inflation Control in Indonesia

Teddy Christianto Leasiwal — 2025-02-19

This study aims to analyze the effect of exports, imports, and domestic investment on the inflation rate in Indonesia in the short and long term. The data used is secondary data for the period 1992-2021. The analysis method used is the auto regressive distributed lag model. The results of this study indicate that in the short term, the inflation rate in Indonesia is influenced by the previous year’s inflation, exports and exports the last year, imports the prior year, and investments the previous year. Meanwhile, in the long term, investment has a significant effect on the inflation rate, but exports and imports are not important.

Backward and Forward Linkage Effects on Firm Survival: Evidence from East Java Large and Medium Manufacturing Survey

Rifai Afin — 2025-02-19

Firm survival in dynamic business environments is significantly influenced by the strength of a firm’s intersectoral linkages. While the impact of backward linkages on firm performance has been widely studied, their effect on firm survival remains unclear, especially in emerging economies like Indonesia. This study investigates the effects of both backward and forward linkages on the survival of manufacturing firms in East Java, Indonesia, using a survival analysis approach coupled with Survival-time inverse-probability-weighted regression adjustment (STIPWRA). Analysis of enterprise- level large and medium industry survey data from 1995 to 2015 (published by the Central Bureau of Statistics (BPS)), complemented by Input-Output tables for 2000, 2005, 2010, and 2015, revealed that while backward linkages did not significantly impact survival, forward linkages had a positive and significant impact. Firms with strong forward linkages demonstrated greater resilience and longer survival times. These findings highlight the crucial role of forward-looking strategies, like cultivating strong customer relationships and market positioning, for the long-term sustainability of manufacturing firms. Policy implications center on fostering robust forward linkages through strategic investments in infrastructure, R&D, and workforce training to enhance the competitiveness of East Javan manufacturing enterprises.

Does Financial Inclusion Influence Tourism Performance? An Empirical Study in Indonesia

Ris Yuwono Yudo Nugroho — 2025-02-19

This article highlights the significant role that financial services play in enhancing economic growth, particularly in the context of tourism, which is a vital contributor to the Indonesian economy. The study reveals that while the tourism sector has shown resilience and recovery post-COVID-19, with domestic tourist trips surpassing pre-pandemic levels, there remains a critical gap in the literature regarding the interplay between tourism and financial inclusion. This research employs a quantitative methodology and employs a dynamic panel method to conduct an analysis of data gathered from 33 provinces between the years 2019 and 2023. In addition to concentrating on important factors like the utilisation of electronic money and the proportion of third-party funds that contribute to GDP, we will also be looking at regional macroeconomic data, namely per capita income and economic growth. The results of this research indicate that there is a considerable connection between the use of e-money, which is a component of the digital payment system, and the impact of macroeconomic factors on the expansion of domestic tourism.

The Role of Institutions in the Economic Development of East Asian Countries

Sunaryati ‎ — 2025-02-19

This paper discusses the role of institutions in East Asian economic development. In the economic development of East Asia, institutional factors have a significant role and are different from economic development models in other countries. The concept of new institutional economics (NIE) provides a theoretical basis for understanding the success of economic development in the region. Several authors such as Ranis, Chang, and Haggard have examined the role of institutions in East Asia’s economic development. In addition, East Asia’s economic development experience has historically also had relevance in formulating development strategies in developing countries. This paper aims to identify the institutional factors that determine the success of economic development in East Asia and provide strategic inputs for economic development policies in developing countries.

What Drive International Tourism Visitors in Asean and Asia Pacific Countries?

Sutikno ‎ — 2025-02-19

This study will analyze some factors that influence on international tourism visitors. Almost all determine factor from social and several economic factors. The subject observations in this research are ASEAN countries (Indonesia, Malaysia, Thailand, and Philippines) and four Asia Pacific countries (Korea, Japan, China, and India) and we called ASEAN plus 4. This research was estimated by the panel model with time observation from 2009 until 2020. Using the panel model, the dependent variable in this study is international tourism arrivals. The independent variables include the nominal effective exchange rate, real effective exchange rate, infrastructure index, criminal index, safety index, pollution index, and living cost index. The result of almost all variables are normally distributed. Meanwhile, cointegration test shows all of the variables cointegrated on the first derivative logarithm, so there is a long-term relationship between variables at the rate of change. The random effect panel model was indicated the whole variable was significant to the international tourist arrivals in ASEAN plus 4 countries. Another evidence from the result, the conclusion that appreciation of the exchange rate made bring down of international tourist visitors. However, decreasing on exchange rate raise of international tourist. The other result expressed the raise of criminality and safety made declines the number of international tourist visitors, the increasing on pollution and living cost made increasing the number of international tourism arrivals. The conclusion that several economic and social factors such as a depreciation of exchange rate and the increase in the cost of living and pollution had a positive and significant impact on the rise of international tourist arrivals. However, the appreciation in the exchange rate, raise on criminality and safety had an impact on declining on international tourists.

Competitiveness Analysis and Development Strategy of Creative Economy in Madura: International Conference on Economic and Sustainable Economics

Titov Chuk's Mayvani — 2025-02-19

Madura has a variety of creative economic potential. Mainly the contribution of the creative economy in Madura which involves elements of socio-cultural diversity. This diversity can be an added value for Madura’s creative economy. The research is based on finding what aspects affect the competitiveness of Madura’s creative economy and determining the development strategies needed to improve the competitiveness of the creative economy in Madura. This research uses quantitative methods, such as path analysis and AHP analysis. The results of this study indicate that 1) factors that significantly affect the improvement of Madura’s creative economy competitiveness are the level of Competition and Corporate Strategy, Product Demand Factors, and Opportunity Factors; and 2) strategies that are a priority that must be considered in the development of creative economy competitiveness in Madura are corporate and competitor strategies by paying attention to aspects of promotional facilities.

Developing Halal Tourism in Madura: In the Context Sharia Cooperation Model in Batik Creative Industry

Widita Kurniasari — 2025-02-19

The purpose of this study is to analyze the impact of Sharia cooperation in the batik creative industry can support the development of halal tourism in the Sumenep district of Madura. The approach used in this research is qualitative, which is a field research study. The development of the batik creative industry is expected to encourage the welfare of local communities through the provision of employment for the community. The tourism sector is an important entity for economic progress in the village, which makes the village the basis of the future economic backbone. One form of effort in supporting the development of the batik creative industry is through the development of a cooperation model with sharia contracts. This research implies that the impact of Sharia cooperation can support the development of better halal tourism so that it will increase the economic empowerment of rural communities and create tourist facilities for Muslim consumers that can be a means of recreation and worship.

Local Wisdom to Support the Development of Batik Creative Industry in Pamekasan

Yufita Listiana — 2025-02-19

The creative industry is a form of economic activity that can encourage development like through the absorption of labor. Pamekasan is one of the regencies that has local wisdom, namely batik tulis, because it was designated as a Batik Regency by UNESCO in 2009. Batik industry is expected to help improve the regional economy and the welfare of batik craftsmen. However, in fact, batik craftsmen in Pamekasan have not felt a significant impact. The purpose of this research is to examine the contribution of the creative batik industry to economic growth and the role of the batik industry in welfare of craftsmen. This method used a qualitative method. The data was obtained from the results of interviews with informants, namely batik craftsmen. The results of the study show that the creative industry is able to have a positive impact on improving people’s welfare and reducing unemployment. This can be seen from the absorption of labor in the batik industry. Creative industries that can develop cannot be separated from local culture. Thus, local wisdom is one of the factors that supports the increase in creativity in producing certain works in the form of written batik.

The Monetary Policy and International Trade Response Amidst Volatility in the Fed's Federal Fund Reserve (FFR): The Emerging Market of Southeast Asian Study

Moh. Hairus Zaman — 2025-02-19

The purpose of this study was to analyses the domestic moneter policy, inflation and international trade responses to the Fed’s federal fund reserve (FFR) shock in the emerging market of Southeast Asian such Indonesia, Malaysia, Viet Nam, Thailand, and Philipine. The data analysis method used was Vector Autoregression (VAR) to persive the domestic interest rate, exported, imported and inflation to the Fed’s federal fund reserve (FFR) shock as well as exported, imported and inflation variables response to the domestic interest rate changed in each country. The result of study shown that the Fed’s federal fund reserve (FFR) shock results diverse responses in each country. These reflecte the difference of economic structure and monetery policy. The response of exported, imported, and inflation variables on the domestic interest rate changed also have a response variation each country. This finding confirms that domestic monetery policy need to be adjusted with economic circumstance and trade characteristic in each country to address external shock such ach the Fed’s federal fund reserve (FFR) policy.