Blue Economy’s Role in Indonesia’s Maritime Development and Local Growth

Juwandariah Jubir (), Muhammad Yusri Zamhuri and Anas Iswanto Anwar
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Juwandariah Jubir: Hasanuddin University
Muhammad Yusri Zamhuri: Hasanuddin University
Anas Iswanto Anwar: Hasanuddin University

A chapter in Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), 2025, pp 48-56 from Springer

Abstract: Abstract This study aims to examine the role of the blue economy in promoting local economic growth in coastal areas of Indonesia. Using secondary data from 2013-2022, this study employs multiple regression analysis to evaluate the impact of maritime sectors, namely fisheries, marine tourism, sea transportation, and ocean energy, on local economic growth. The results indicate that none of these sectors significantly impact local economic growth in the analyzed sample. While the sea transportation sector shows a positive relationship, its contribution is not statistically significant. Conversely, both the fisheries and marine tourism sectors exhibit a negative correlation with local economic growth. Factors such as inadequate infrastructure, unsustainable management practices, and limited innovation are considered to be the primary reasons for the low contribution of these sectors. This study recommends enhancing the management of maritime resources, increasing investment in sea transportation infrastructure, and supporting the development of ocean energy to maximize the potential of the blue economy in Indonesia.

Keywords: blue economy; local economic growth; maritime; Indonesia; fisheries sector; marine tourism; sea transportation; ocean energy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-758-8_5

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DOI: 10.2991/978-94-6463-758-8_5

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