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Impact of Government Policy on Fisheries Production, Number of Fleet Fisheries, Investment, Fisheries Household in Batam City

Author

Listed:
  • Albert Gamot Malau

    (Teaching Staff in the Agribusiness Study Program Open University Faculty of Science and Technology, Indonesia.)

  • Jan Hotman

    (Teaching Staff in the Agribusiness Study Program Open University Faculty of Science and Technology, Indonesia.)

Abstract

Batam city is flanked by two countries namely Malaysia and Singapore. The population of Batam is the highest of the cities / regencies in the Riau Islands region. One source of regional income in Batam City is the Fisheries sector. Production The fisheries sector has increased from year to year. This study aims to analyze the Impact of Government Policy on Fisheries Production, Number of Fisheries Fleet, Fisheries Household (2) analyze the Impact of Government Policy on Fisheries Production, Number of Fisheries Fleet, Fisheries Household in Batam City 2000-2017. Simultaneous equation model, using Time Series data with a time span from 2000-2017. Parameter is estimated by using 2SLS (Two Stage Least Squares) method, and processing data using SAS / ETS version 6.12 computer program. Analysis is carried out to find out economic policies in 2017-2022. Model forecasting simulation is carried out to analyze the impact of Government Policy on Fisheries Production, Number of Fisheries Fleet and Fisheries Household in Batam City. The alleged result shows that the impact of Government policy on fisheries production, number of fishing fleets, number of fishery households in Batam City. The factors that influence fisheries production are fisheries sector investment and fisheries production last year. Fisheries sector technology and number of fisheries houses have a positive and significant effect on fisheries production. Increasing the number of fisheries will increase fisheries production in Batam City and have a positive and significant effect, if the number of fishing fleets in the city of Batam is increased by one unit, it will increase fisheries production by 12.56 units. Government policy by increasing the number of fleet fisher by 20 percent will result in increasing fisheries production 2.1036 percent, and increasing fisheries sector investment by 3.8970 percent. Decreasing interest rates by 5 percent will have an impact on reducing investment in the fisheries sub-sector by -0.5898 and increasing fisheries production by 2.1038 percent.

Suggested Citation

  • Albert Gamot Malau & Jan Hotman, 2018. "Impact of Government Policy on Fisheries Production, Number of Fleet Fisheries, Investment, Fisheries Household in Batam City," International Journal of Economics and Financial Issues, Econjournals, vol. 8(6), pages 110-114.
    • Handle: RePEc:eco:journ1:2018-06-16
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    References listed on IDEAS

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    1. Naudé, Wim, 2012. "Entrepreneurship and economic development: Theory, evidence and policy," MERIT Working Papers 2012-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Immanuel, S. & Pillai, V.N. & Vivekandan, E & Kurup, K.N. & Srinath, M., 2003. "A preliminary assessment of the coastal fishery resources in India: socioeconomic and bioeconomic perspective," Monographs, The WorldFish Center, number 37746, April.
    3. Iman, Mohamad S. & Nagata, Akiya, 2005. "Liberalization policy over foreign direct investment and the promotion of local firms development in Indonesia," Technology in Society, Elsevier, vol. 27(3), pages 399-411.
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    More about this item

    Keywords

    Fisheries Production; Fisheries Fleet Fishing Household; Investment.;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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