Rural entrepreneurship: towards collaborative participative models for economic sustainability

Wawan Dhewanto (), Sudrajati Ratnaningtyas (), Anggraeni Permatasari (), Grisna Anggadwita () and Eko Agus Prasetio ()
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Wawan Dhewanto: Bandung Institute of Technology, Indonesia
Sudrajati Ratnaningtyas: Bandung Institute of Technology, Indonesia
Anggraeni Permatasari: President University, Indonesia
Grisna Anggadwita: Telkom University, Indonesia
Eko Agus Prasetio: Bandung Institute of Technology, Indonesia

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 705-724

Abstract: Rural entrepreneurship development is one of the strategies for encouraging the acceleration of rural development by focusing on the exploration of local resources. The role of rural entrepreneurship is crucial in creating new economic activities that can help to reduce unemployment and poverty, especially in rural areas. One of the Indonesian government's programs for encouraging rural entrepreneurship is establishing BUMDes - a village-owned enterprise. This study aims to propose a participatory rural development model to optimize stakeholder collaboration in promoting local economic growth in rural areas. This study uses a qualitative method with a multi-case study approach. There are three BUMDes from three regencies in West Java, Indonesia participated in this research. Triangulation used to check the validity of the data by comparing the results of interviews, FGD's, observations and secondary data. The results of the study found three sustainability dimensions to measure the success of BUMDes performance such as economic sustainability, social sustainability and market sustainability. The results suggest a collaborative model to optimizing BUMDes performance. The new model illustrates the collaboration between stakeholders to pursue rural entrepreneurship sustainability.

Keywords: rural entrepreneurship; participatory rural development; local economic; economic sustainability; BUMDes; stakeholder (search for similar items in EconPapers)
JEL-codes: L26 O18 R11 (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:705-724

DOI: 10.9770/jesi.2020.8.1(48)

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