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Unlocking the Digital Potential: A Comprehensive Analysis of Creative Economy

Author

Listed:
  • Faradina Zevaya

    (Universitas Jambi, Muaro Jambi, Indonesia, 36361 Author-2-Name: Author-2-Workplace-Name: Universitas Jambi, Muaro Jambi, Indonesia, 36361 Author-3-Name: Author-3-Workplace-Name: Universitas Jambi, Muaro Jambi, Indonesia, 36361 Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

" Objective - This study seeks to comprehensively analyze the determinants influencing the digitalization process within the creative economy subsectors in the Southern Sumatra region, with particular emphasis on Jambi City and Pangkal Pinang City. Additionally, it aims to assess policies and offer recommendations for sustaining digitalization initiatives within the creative economy sub-sector, particularly through the Digital Entrepreneurship Academy, to bolster long-term digital economic growth, particularly in the aftermath of the COVID-19 pandemic. Methodology - The research employs a quantitative analysis approach, specifically employing panel data regression techniques. The dataset encompasses both primary and secondary sources. Primary data is derived from a meticulously conducted survey that involved the distribution of structured questionnaires and in-depth interviews with Small and Medium-sized Enterprise (SME) entrepreneurs who have participated in the Digital Entrepreneurship Academy programs in Jambi City and Pangkal Pinang City. Findings - The analysis indicates a positive correlation between population growth and the Human Development Index (HDI), signifying that an increase in population corresponds to an enhancement in HDI. Moreover, Our findings reveal a significant negative relationship between the presence of SMEs and HDI. Novelty - This suggests that regions with a higher concentration of SMEs, characterized by potentially lower adherence to legal frameworks and lesser developmental efforts, tend to exhibit lower HDI values. In alignment with established scholarly research, a larger labor force positively influences HDI, underscoring the role of workforce magnitude in bolstering human development. Type of Paper - Empirical"

Suggested Citation

  • Faradina Zevaya, 2023. "Unlocking the Digital Potential: A Comprehensive Analysis of Creative Economy," GATR Journals jber237, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jber237
    DOI: https://doi.org/10.35609/jber.2023.8.2(1)
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    References listed on IDEAS

    as
    1. Faradina Zevaya & Risti Putri & Khairul Asrori & Maina Fitria & Fadwa Rhogib Asfahani & Suci Afrianita, 2022. "A Portrait of the Creative Economy Sub-Sector in the Growth Triangle Area," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 12(12), pages 520-529.
    2. Derek D. Headey & Andrew Hodge, 2009. "The Effect of Population Growth on Economic Growth: A Meta‐Regression Analysis of the Macroeconomic Literature," Population and Development Review, The Population Council, Inc., vol. 35(2), pages 221-248, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Digital; Creative Economy; Digital Entrepreneurship Academy; Southern Sumatra;
    All these keywords.

    JEL classification:

    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

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