Sustainable Economic Sectors in Indonesia and Brunei Darussalam

Atih Rohaeti Dariah, Rose Abdullah, Asep Ramdhan Hidayat and Fuad Matahir
Additional contact information
Atih Rohaeti Dariah: Faculty of Economics and Business, Universitas Islam Bandung, Bandung 40116, Indonesia
Rose Abdullah: Faculty of Agriculture, Universiti Islam Sultan Sharif Ali, Bandar Seri Begawan BE1310, Brunei
Asep Ramdhan Hidayat: Faculty of Islamic Law, Universitas Islam Bandung, Bandung 40116, Indonesia
Fuad Matahir: Faculty of Islamic Economics and Finance, Universiti Islam Sultan Sharif Ali, Bandar Seri Begawan BE1310, Brunei

Sustainability, 2022, vol. 14, issue 5, 1-20

Abstract: Indonesia and Brunei Darussalam have a significantly different economic structure where the Brunei Darussalam economy is very much dominated by oil and gas, whereas Indonesia is dominated by the manufacturing, trade, and agriculture sectors. This paper aims to identify the economic sectors that have the potential to achieve Sustainable Economic Growth (SEG) in both countries. Secondary data from several sources were processed using the multifactor evaluation process method. The results show that there are two economic sectors with equal potential in the two countries, namely, the Information and Communication Sector and the Business Activities Sector. The growth in these two sectors tends to increase; the addition of labor is greater than the increase in output, and they have a relatively limited environmental impact. However, this finding does not mean that other sectors cannot be sustained. On the contrary, they need regulations that will encourage a shift to an economic growth that cares about the environment and society, especially for crucial sectors such as agriculture as a food provider, and the manufacturing sector, which produces value added goods.

Keywords: sustainable economic growth; economic sectors; multi-factor evaluation process (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/5/3044/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/5/3044/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:5:p:3044-:d:764550

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().