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Economic Sector Contribution to the Gross Regional Domestic Product (GRDP) Growth in Karangasem Regency, Bali

In: Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024)

Author

Listed:
  • I Komang Mahayana Putra

    (Politeknik Negeri Bali, Business Administration Department)

  • I Wayan Sukarta

    (Politeknik Negeri Bali, Business Administration Department)

  • I Putu Mertha Astawa

    (Politeknik Negeri Bali, Accounting Department)

Abstract

The objective of this study is to gain insight into the contribution of different economic sectors to the growth of gross regional domestic product (GRDP) in Karangasem Regency, Bali. By analyzing economic data and related indicators, this study aims to elucidate the role of each sector in advancing the regional economy as a whole. This study will examine trends and patterns in key sectors, including agriculture, industry, and services, to gain insight into the dynamics of economic growth in Karangasem. The data is analyzed using several techniques, including Location Quotient (LQ), Growth Ratio Model (GRM), and Overlay. The findings of the study indicate that six economic sectors can be classified as either basic or leading sectors. These include the agriculture, forestry, and fisheries sectors; mining and quarrying; transportation and warehousing; financial services and insurance; government administration, defense, and compulsory social security; and other service sectors. These sectors are classified as leading sectors due to their high growth rates and significant contributions to GRDP. Additionally, sectors such as transportation and warehousing, corporate services, government administration, defense, and compulsory social security, and health services and social activities are designated as potential sectors, given that their contributions to GRDP are positive but their growth rates remain relatively slow.

Suggested Citation

  • I Komang Mahayana Putra & I Wayan Sukarta & I Putu Mertha Astawa, 2024. "Economic Sector Contribution to the Gross Regional Domestic Product (GRDP) Growth in Karangasem Regency, Bali," Advances in Economics, Business and Management Research, in: Anak Agung Ngurah Gde Sapteka & I Gusti Lanang Made Parwita & I Komang Wiratama & Fransiska Moi & Ko (ed.), Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024), pages 590-598, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-622-2_65
    DOI: 10.2991/978-94-6463-622-2_65
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