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Blue Economy’s Role in Indonesia’s Maritime Development and Local Growth

In: Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

Author

Listed:
  • Juwandariah Jubir

    (Hasanuddin University)

  • Muhammad Yusri Zamhuri

    (Hasanuddin University)

  • Anas Iswanto Anwar

    (Hasanuddin University)

Abstract

This study aims to examine the role of the blue economy in promoting local economic growth in coastal areas of Indonesia. Using secondary data from 2013-2022, this study employs multiple regression analysis to evaluate the impact of maritime sectors, namely fisheries, marine tourism, sea transportation, and ocean energy, on local economic growth. The results indicate that none of these sectors significantly impact local economic growth in the analyzed sample. While the sea transportation sector shows a positive relationship, its contribution is not statistically significant. Conversely, both the fisheries and marine tourism sectors exhibit a negative correlation with local economic growth. Factors such as inadequate infrastructure, unsustainable management practices, and limited innovation are considered to be the primary reasons for the low contribution of these sectors. This study recommends enhancing the management of maritime resources, increasing investment in sea transportation infrastructure, and supporting the development of ocean energy to maximize the potential of the blue economy in Indonesia.

Suggested Citation

  • Juwandariah Jubir & Muhammad Yusri Zamhuri & Anas Iswanto Anwar, 2025. "Blue Economy’s Role in Indonesia’s Maritime Development and Local Growth," Advances in Economics, Business and Management Research, in: Mursalim Nohong & Fitra Roman Cahaya & Phung Minh Tuan & Arifuddin Mannan & Anas Iswanto Anwar & Ria (ed.), Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), pages 48-56, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-758-8_5
    DOI: 10.2991/978-94-6463-758-8_5
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