IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v7y2018i2p47-56.html
   My bibliography  Save this article

Prospects and Competitiveness in Creative Economy: Evidence fromIndonesia

Author

Listed:
  • Sigit Setiawan

    (Senior Researcher at Fiscal Policy Agency, Ministry of Finance Indonesia)

Abstract

A growing number of unimaginable cross-border start-up businesses have emerged in the ASEAN and global trade map, along with the development of communication and information technology that negates national borders. The new sector-referred to as creative economy -requires and utilizes high specific knowledge, skills and creativity. With literature review and descriptive analysis method, this study aims to: firstly, analyze the prospects for Indonesian creative economic sector in the ASEAN market; secondly, analyze the competitiveness of Indonesia's creative economic sector in ASEAN and the world levels. By making comparison of the data in two periods (2002-2006 and 2014-2015 periods), it can be concluded that the average contribution of creative economy to Indonesian economy continues to increase. Theincrease goes to the added value, the sectoral contribution to GDP, the provision of employment, and the sectoral absorption of national labor. The prospect of Indonesian creative economy in the ASEAN market lies in the growth of potential customers from the middle class. The number of Indonesian middle class will continue to increase. By adopting and analyzing the output of the Global Creativity Index model, it can be concluded that the competitiveness of Indonesian creative economy in ASEAN and the worldis still weak. The weak competitiveness is due to low technology index and talent index. However, based on the findings from previous studies in several regions in Indonesia, it appears that Indonesian people have great potential creativity to develop. Key Words: Creative Economy,Competitiveness,Creativity,ASEAN

Suggested Citation

  • Sigit Setiawan, 2018. "Prospects and Competitiveness in Creative Economy: Evidence fromIndonesia," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 7(2), pages 47-56, April.
    • Handle: RePEc:rbs:ijbrss:v:7:y:2018:i:2:p:47-56
    as

    Download full text from publisher

    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/47/49
    Download Restriction: no
    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/47
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fikri Zul Fahmi & Philip McCann & Sierdjan Koster, 2017. "Creative economy policy in developing countries: The case of Indonesia," Urban Studies, Urban Studies Journal Limited, vol. 54(6), pages 1367-1384, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tetsuo Kidokoro & Ryo Fukuda & Kojiro Sho, 2022. "GENTRIFICATION IN TOKYO: Formation of the Tokyo West Creative Industry Cluster," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 46(6), pages 1055-1077, November.
    2. Homero Rodríguez-Insuasti & Néstor Montalván-Burbano & Otto Suárez-Rodríguez & Marcela Yonfá-Medranda & Katherine Parrales-Guerrero, 2022. "Creative Economy: A Worldwide Research in Business, Management and Accounting," Sustainability, MDPI, vol. 14(23), pages 1-27, November.
    3. Boğa Semra & Topcu Murat, 2020. "Creative Economy: A Literature Review on Relational Dimensions, Challanges, and Policy Implications," Economics, Sciendo, vol. 8(2), pages 149-169, December.
    4. Gregory James J. & Rogerson Christian M., 2018. "Suburban creativity: The geography of creative industriesin Johannesburg," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 39(39), pages 31-52, March.
    5. Oki Rahadianto Sutopo & Gregorius Ragil Wibawanto & Ariane Utomo & Annisa R Beta & Novi Kurnia, 2022. "The Mode of Reflexive Practice among Young Indonesian Creative Workers in the Time of COVID-19," Sociological Research Online, , vol. 27(4), pages 878-895, December.
    6. Slamet Rosyadi & Ahmad Sabiq & Abdul Aziz Ahmad & Nuryanti, 2022. "The Indonesian Government Capacity in Responding to the COVID-19 Impacts on the Creative Economy Sector," SAGE Open, , vol. 12(2), pages 21582440221, June.
    7. Fikri Zul Fahmi, 2015. "Regional Distribution of Creative and Cultural Industries in Indonesia," ERSA conference papers ersa15p914, European Regional Science Association.
    8. Fadian Nur Aziz & Ali Roziqin & M. Jafar Loilatu & Tri Sulistyaningsih & Yana S. Hijri & Kismartini, 2024. "Research Trends of Creative Industries in Indonesia: A Bibliometric Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2571-2588, March.
    9. Dina Dellyana & Nina Arina & Tribowo Rachmat Fauzan, 2023. "Digital Innovative Governance of the Indonesian Creative Economy: A Governmental Perspective," Sustainability, MDPI, vol. 15(23), pages 1-14, November.
    10. Kris Hartley & Jun Jie Woo & Sun Kyo Chung, 2018. "Urban innovation policy in the postdevelopmental era: Lessons from Singapore and Seoul," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 5(3), pages 599-614, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:7:y:2018:i:2:p:47-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.