The Influence of the Blue Economy on National Economic Growth

Authors

  • Mariyatul Qibtiyana Bhayangkara Jakarta Raya University, Jakarta, Indonesia
  • Istianingsih Sastrodiharjo Bhayangkara Jakarta Raya University, Jakarta, Indonesia
  • Yayan Hendayana Bhayangkara Jakarta Raya University, Jakarta, Indonesia

DOI:

https://doi.org/10.38035/gijea.v2i2.224

Keywords:

Economic growth, Gross Domestic Product (GDP), Blue economy, Business model innovation, Human welfare, Environmental sustainability

Abstract

Economic growth is the main focus of the country's development, especially measured through Gross Domestic Product (GDP). In the Indonesian context, the blue economy concept is a promising strategy because of the abundant potential of marine resources. This study aims to analyze the influence of the blue economy on economic growth in Indonesia. Through a literature review, it is revealed that the government has implemented various innovative policies and financial instruments to support the blue economy. The research results show that the blue economy has a significant influence on economic growth. However, the challenge of maximizing the benefits of marine resources while maintaining environmental sustainability remains the main focus. By maintaining the sustainability of marine resources, Indonesia can build a strong and sustainable blue economy, providing long-term economic and social benefits for its people.

References

André Rodrigues de Aquino (2020) 'Simanungkalit / JOURNAL OF MANAGEMENT (SME's) Vol. 13, No.3, 2020, p327-340', 13(3), pp. 327–340. Available at: https://www.worldbank.org/en/about/people/a/andre-rodrigues-de-aquino.

Aquino, AR de (2021) 'Oceans for Prosperity Reforms for a Blue Economy in Indonesia', pa Available at: https://www.worldbank.org/en/about/people/a/andre-rodrigues-de-aquino.

Febriana, EE and Paksi, AK (2023) 'World Wide Fund for Nature (WWF) Strategy in Supporting the Blue Economy Program in Indonesia', Journal of Education, Humanities and Social Sciences (JEHSS) , 6(1), pp. 102–113.

Humairoh, TL, Setyaningrum, I. and Tanaya, O. (2024) 'Sustainability of the Blue Economy through the Contribution of the Captured Fish Industry and Fish Cultivation to the Economic Growth of East Java Province', Journal of Economic, Business and Accounting (COSTING) , 7(2 ), pp. 3443–3452.

Ilma, AFN (2014) 'Blue economy: balancing economic and environmental perspectives', Journal of Economics and Development , 14(1).

Kuznets, S. (1971) Economic growth of nations: Total output and production structure . Harvard University Press.

Mulyanie, E. (2023) 'Implementation of the Blue Economy Concept in Indonesia as an Effort to Realize Sustainable Development Goals (SDgs) 14: Life Below Water', Scientific Journal of Ocean Aquatics , 7(2), pp. 79–87.

Nasution, M. (2022) 'Potential and Challenges of the Blue Economy in Supporting Economic Growth in Indonesia: Literature Review', Budget Journal: State Financial Issues and Problems , 7(2).

Nathaniela, TC (2022) 'Developing Business with Growth Strategy'.

Prayuda, R. (2019) 'Indonesia's strategy in implementing the Blue Economy concept towards empowering coastal communities in the era of the Asean economic community', Indonesian Journal of International Relations , 3(2), pp. 46–64.

Rahim, A., Hastuti, DRD and Malik, A. (2024) Blue Economic Development in Indonesia . NEM Publishers.

Simanungkalit, EFB (2020) 'The influence of inflation on economic growth in Indonesia', Journal of Management: Small and Medium Enterprises (SMEs) , 13(3), pp. 327–340.

Smith-Godfrey, S. (2016) 'Defining the blue economy', Maritime affairs: Journal of the national maritime foundation of India , 12(1), pp. 58–64.

Tirumala, R.D. and Tiwari, P. (2022) 'Innovative financing mechanisms for blue economy projects', Marine Policy , 139, p. 104194.

Downloads

Published

2024-08-19

How to Cite

Qibtiyana, M., Sastrodiharjo, I., & Hendayana, Y. (2024). The Influence of the Blue Economy on National Economic Growth. Greenation International Journal of Economics and Accounting, 2(2), 213–217. https://doi.org/10.38035/gijea.v2i2.224

Issue

Vol. 2 No. 2 (2024): (GIJEA) Greenation International Journal of Economics and Accounting (June - August 2024)

Section

Articles

License

Copyright (c) 2024 Mariyatul Qibtiyana, Istianingsih Sastrodiharjo, Yayan Hendayana

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright :

Authors who publish their manuscripts in this journal agree to the following conditions:

  1. Copyright in each article belongs to the author.
  2. The author acknowledges that the GIJEA has the right to be the first to publish under a Creative Commons Attribution 4.0 International license (Attribution 4.0 International CC BY 4.0).
  3. Authors can submit articles separately, arrange the non-exclusive distribution of manuscripts that have been published in this journal to other versions (for example, sent to the author's institutional repository, publication in a book, etc.), by acknowledging that the manuscript has been published for the first time at GIJEA.