Journal Search Engine
Search Advanced Search Adode Reader(link)
Download PDF Export Citaion korean bibliography PMC previewer
ISSN : 2233-4165(Print)
ISSN : 2233-5382(Online)
Journal of Industrial Distribution & Business Vol.10 No.9 pp.19-24
DOI : http://dx.doi.org/10.13106/ijidb.2019.vol10.no9.19.

Mitigating Economy Risk in The Digital Era Through Export Diversification

Lili RENTNOSARI*,Febria RAMANA**
** BPS-Statistics of Kaur Regency, Bengkulu, Jl. Peltu M.Ilyas T. Panji Alam Pd. Kempas Bintuhan, Kaur, Bengkulu, Indonesia, Tel: +62-81-27-464-3595, Email: febria.ramana@bps.go.id

© Copyright: Korean Distribution Science Association (KODISA)
This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (https://creativecommons.org/licenses/by-nc/4.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
* Corresponding Author, BPS-Statistics of Pulang Pisau Regency, Central Kalimantan, Jl. Trans Kalimantan KM 98 Mantaren I, Pulang Pisau 74811, Indonesia, Tel: +62-82-21-163-4533, Email: lili.retnosari@bps.go.id
July 08, 2019. September 05, 2019. September 05, 2019.

Abstract

Purpose - In the digital era, technology advancement enables goods and services to be produced more efficiently but also create economy risk in the global economy including Indonesia. Previous studies stated that the risk can be mitigated through export diversification. This study investigates strategy to expand the markets for existing products and explore the potential market.
Research design, data, and methodology - The criteria was followed using a review and considerations combination through the Focus Group Discussion (FGD) to determine the priority product in trading house of Indonesia. This study implemented market share to explore those products’ markets and compare it to other ASEAN countries.
Results - The Indonesian potential products are T-shirts, singlets and other vests of textile materials, knitted or crocheted (excluding cotton); food preparations; medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes; soap in the form of flakes, granules, powder, paste or in aqueous solution; and cocoa powder, not containing added sugar or other sweetening matter. The market analysis also showed that Indonesia still had not optimally accessed yet the largest market in the world for each product.
Conclusions - The government should focus more on increasing the competitiveness of those products, particularly in those global marketplaces.

JEL Classifications: F10, F14, F62.

초록


    Figure

    Table

    Reference

    1. Alhayat, A.P. (2012). Dekomposisi Pertumbuhan dan Diversifikasi Ekspor Non Migas Indonesia. Buletin Ilmiah Litbang Perdagangan, 6(1), 1-18.
    2. Badan Pusat Statistik. (2017). Produk Domestik Bruto Indonesia menurut Pengeluaran Tahun 2012-2016. Jakarta, Indonesia: BPS.
    3. Brenton, P., Newfarmer, R., & Walkenhorst, P. (2007). Export Diversification: A Policy Portfolio Approach. Paper Presented to the Growth Commission Conference on Development.
    4. DeMaagd, K. (2009). The ICT-Enabled Global Economic Crisis. Proceedings of the Second Annual SIG GlobDev Workshop 2009.
    5. Faradila, F., & Hasni, H. (2017). Determining Priority Products of Small Medium Enterprises for Export Through Trading Houses. Buletin Ilmiah Litbang Perdagangan, 11(2), 187-206.
    6. Gozgor, G., & Can, M. (2016). Effect of the Product Diversification of Exports on Income at Different Stages of Economic Development. Eurasian Bus Rev., 6, 215-235. DOI: 10.1007/s40821-016-0045-5.
    7. Hamed, K., Hadi, D., & Hossein, K. (2014). Export Diversification and Economic Growth in Some Selected Developing Countries. African Journal of Business Management, 8(17), 700-704.
    8. Higon, D. A., Gholami, R., & Shirazi, F. (2017). ICT and Environmental Sustainability: A Global Perspective. Telematics and Informatics, 34(2017), 85-95.
    9. Idota, H., Bunno, T., Ueki, Y., Shinohara, S., & Tsuji, M. (2015). Empirical Analysis of Factors Promoting Product Innovation in ASEAN Economies: Focusing on Absorptive Capacity and ICT Use. 26th European Regional Conference of the International Telecommunications Society (ITS), Madrid, Spain, June (pp.24-27). Retrieved from https://www.econstor.eu/handle/10419/127150.
    10. Lin, J. (2010). New Structural Economics: A Framework for Ret Hinking Development. World Bank Policy Research Working Paper, 5197.
    11. Pacheco, A.A., & Pierola, M.D. (2007). Patterns of Export Diversification in Developing Countries: Intensive and Extensive Margins. HEI Working Paper (No. 20/2007).
    12. Ramana, F., & Nasrudin, M. (2018). Dampak Devaluasi Yuan terhadap Perekonomian Indonesia Pendekatan Model Persamaan Simultan. Buletin Ilmiah Litbang Perdagangan, 12(1), 12-21.
    13. Thangamani, B. (2017). Export Market Diversification and Export Performance of Sri Lanka: A Cointegration Analysis. Asian Journal of Empirical Research, 7(4), 75-83.
    14. Zuhdi, U. (2014). Using Multipliers Analysis in order to Get Another Perspective Related to the Role of ICT Sectors in National Economy of Indonesia: 1990-2005. Journal of Physics: Conference Series, 495(2014), 12-51.