Impact of Policy and Economy on Market Aspects in Regional Competitiveness in Central Java

Open Access
Article Info
Submitted: 2020-06-04
Published: 2020-06-05
Section: Rural and Regional Governance
Language: EN
In The 4th International Conference on Regional Development 2019
The Regional Competitiveness Index is one of the recommendations for regional policy directions and is believed to be a parameter of sustainable regional development. The purpose of this study is to analyze how much the impact of the market aspects on the four pillars includes Product Market Efficiency, Employment, Financial Access and Market Size in regional competitiveness. The market aspect is one of four aspects in the Regional Competitiveness Index. 35 Areas in Central Java Province were the location of this study with qualitative descriptions of research results obtained from observations, monitoring and interpretation of four pillars of data obtained in 2018. The research data came from secondary data by including 35 regions in the regional competitiveness index measurement in Province of Central Java. The results of the study indicate that the market aspect has an indirect impact in encouraging regional competitiveness indices, in addition to market aspects that require policy adjustments to be carried out both at regional and national scales in Indonesia.

Keywords

market aspect, public policy, the regional competitiveness index

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  1. Andjar Prasetyo  Research and Development Agency of Magelang City, Indonesia
  2. A Asrori  Research And Development Agency, Ministry of Internal Affairs, Indonesia
  3. Hotnier Sipahutar  Research And Development Agency, Ministry of Internal Affairs, Indonesia