Strategy for Increasing Economic Growth through Base Sector Analysis in Teluk Bintuni Regency 2013-2018, Indonesia

##plugins.themes.academic_pro.article.main##

Johnny Aninam
Marcus R. Maspaitella
Yuliana Marice Budhy

Abstract

National economic growth is a process where there is an increase in real gross national product or real national income. Meanwhile, regional economic growth is a process of increasing gross regional domestic product and increasing prosperity. The economy is said to be growing or developing when there is a change in real output. Economic growth in Teluk Bintuni Regency is in a fairly good condition. In order for the economic growth that occurs in TelukBintuni Regency to be directed and efficient, it is necessary to identify the basic sector or potential sector, and it is necessary to formulate an appropriate development strategy so that it can achieve the targeted economic growth. This study aims to identify what sectors are included in the basic sector and how appropriate strategies are used in order to increase the economic growth of potential sectors and encourage the growth of other sectors. The research method used is LQ Analysis, Shift share, Klassen Typology and SWOT. The results of the study indicate that the sectors that have competitive advantage and specialization are the mining and quarrying sector and the manufacturing industry sector. By looking at the situation, the local government of Teluk Bintuni Regency is optimizing the strategic sector, namely the mining and quarrying sector and industrial processing while still paying attention to other sectors. Local governments must be able to optimize the market share of the mining and quarrying sector as well as the processing industry as well as improve facilities and infrastructure related to the sustainability of economic sectors. The government is also expected to be proactive, and together with the community in determining the right policies so that prosperity can be achieved.

##plugins.themes.academic_pro.article.details##

How to Cite
Aninam, J., Maspaitella, M. R., & Budhy, Y. M. (2021). Strategy for Increasing Economic Growth through Base Sector Analysis in Teluk Bintuni Regency 2013-2018, Indonesia. The International Journal of Business & Management, 9(10). https://doi.org/10.24940/theijbm/2021/v9/i10/BM2110-006