Role of Creative Economy on Local Economic Development

Abstract

Local economic development in Indonesia is still quite minimal, requiring new policies and strategies such as the creative economy. This study analyzes the influence of the creative economy as represented by the concentration of the creative class and its supporting factors on local economic development. Using panel data from Barekraf / BPS statistics for 2011-2015, the results show that the concentration of the creative working class has a significant impact on local economic development including supporting factor such as proportion graduated high educated, electrification ratio and internet coverage ratio. These findings indicate that the creative working class can encourage the growth of local economic development in a region.

Sustainability Strategy of Gringsing Woven Fabrics on the Basis of Multifunction Through the PROMETHEE Approach

“…This art is expressed in the form of products with economic value so that it becomes one of the economic pillars of the Bali Province. In the economic concept, indicators of human creativity are production factors that are able to contribute to economic movements, these ideas and innovations create economic concepts (Pratomo et al, 2021). The textile industry is the basis for sustainable economic growth, prioritizing small businesses, and improving people's living standards (Burkhanov & Bakhodirovna, 2021).…”