Prospects and Competitiveness in Creative Economy: Evidence from Indonesia

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 specifi...

Full description

Bibliographic Details
Main Author: Sigit Setiawan
Format: Article
Language:English
Published: Ümit Hacıoğlu 2018-11-01
Series:International Journal of Research In Business and Social Science
Subjects:
Online Access:http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/888
id doaj-c4ca32dda1384659b96889794f0579a7
record_format Article
spelling doaj-c4ca32dda1384659b96889794f0579a72020-11-25T01:32:38ZengÜmit HacıoğluInternational Journal of Research In Business and Social Science2147-44782018-11-0172475610.20525/ijrbs.v7i2.888338Prospects and Competitiveness in Creative Economy: Evidence from IndonesiaSigit Setiawan0Fiscal Policy Agency Ministry of Finance IndonesiaA 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. The increase 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 world is 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.http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/888Creative EconomyCompetitivenessCreativityASEAN
collection DOAJ
language English
format Article
sources DOAJ
author Sigit Setiawan
spellingShingle Sigit Setiawan
Prospects and Competitiveness in Creative Economy: Evidence from Indonesia
International Journal of Research In Business and Social Science
Creative Economy
Competitiveness
Creativity
ASEAN
author_facet Sigit Setiawan
author_sort Sigit Setiawan
title Prospects and Competitiveness in Creative Economy: Evidence from Indonesia
title_short Prospects and Competitiveness in Creative Economy: Evidence from Indonesia
title_full Prospects and Competitiveness in Creative Economy: Evidence from Indonesia
title_fullStr Prospects and Competitiveness in Creative Economy: Evidence from Indonesia
title_full_unstemmed Prospects and Competitiveness in Creative Economy: Evidence from Indonesia
title_sort prospects and competitiveness in creative economy: evidence from indonesia
publisher Ümit Hacıoğlu
series International Journal of Research In Business and Social Science
issn 2147-4478
publishDate 2018-11-01
description 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. The increase 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 world is 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.
topic Creative Economy
Competitiveness
Creativity
ASEAN
url http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/888
work_keys_str_mv AT sigitsetiawan prospectsandcompetitivenessincreativeeconomyevidencefromindonesia
_version_ 1725080829411983360