Does the Blue Economy Resource of Capture Fisheries Generate Economic Growth? Evidence from Indonesia

Mohamad Egi Destiartono, Firmansyah, Evi Purwanti

2023

Abstract

Indonesia is the center of the blue economy resources since the region is located in the Coral Triangle. This paper is aimed at estimating the relationship between capture fisheries production and economic growth in Indonesia for the period 1984-2019, by utilizing the extended version of the Solow growth model. The data were retrieved from the World Development Indicators (WDI). Dynamic and cointegration relationships are revealed through the application of the autoregressive distributed lags (ARDL)-bounds test model. Also, the Zivot-Andrew (ZA) test is utilized to identify the presence of unit roots with a structural break. The results report that variables are stationary at their levels and there is a cointegration nexus among them. Further, the capture fisheries production is found to have a positive affluence on GDP growth in the long run. Thus, marine fisheries resources have a notable role as an engine of economic growth. Importantly, the estimated parameters are robust with the alternative method of DOLS. Following these empirical findings, we advocate for fisheries stakeholders to jointly define policies and schemes that could augment the productivity level of the capture fisheries given that it contributes significantly to GDP.

Paper Citation

in Harvard Style

Egi Destiartono M., Firmansyah. and Purwanti E. (2023). Does the Blue Economy Resource of Capture Fisheries Generate Economic Growth? Evidence from Indonesia. In Proceedings of the 2nd Maritime, Economics and Business International Conference - Volume 1: MEBIC; ISBN 978-989-758-704-7, SciTePress, pages 17-24. DOI: 10.5220/0012646600003798

in Bibtex Style

@conference{mebic23,
author={Mohamad Egi Destiartono and Firmansyah and Evi Purwanti},
title={Does the Blue Economy Resource of Capture Fisheries Generate Economic Growth? Evidence from Indonesia},
booktitle={Proceedings of the 2nd Maritime, Economics and Business International Conference - Volume 1: MEBIC},
year={2023},
pages={17-24},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012646600003798},
isbn={978-989-758-704-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd Maritime, Economics and Business International Conference - Volume 1: MEBIC
TI - Does the Blue Economy Resource of Capture Fisheries Generate Economic Growth? Evidence from Indonesia
SN - 978-989-758-704-7
AU - Egi Destiartono M.
AU - Firmansyah.
AU - Purwanti E.
PY - 2023
SP - 17
EP - 24
DO - 10.5220/0012646600003798
PB - SciTePress