Determinants of Indonesian Handicraft  Industry Exports in Disruptive Era

Prof. Rudianto .; Prof. Prijono Tjiptoherijanto; Prof. Darwati Susilastuti; Prof. Bambang Bernanthos

doi:https://doi.org/10.69711/sharda.ijmir.v7i2.1802

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Determinants of Indonesian Handicraft Industry Exports in Disruptive Era

Rudianto ., Prijono Tjiptoherijanto, Darwati Susilastuti, Bambang Bernanthos

https://doi.org/10.69711/sharda.ijmir.v7i2.1802

Author Details ( * ) denotes Corresponding author

1. * Rudianto ., Lecturer of Economic, Institute of Business and Multimedia Asmi, Jakarta, Indonesia (rudianto@asmi.ac.id)

2. Prijono Tjiptoherijanto, Lecturer of Economic Graduate Program, Borobudur University, Jakarta, Indonesia

3. Darwati Susilastuti, Lecturer of Agriculture, Borobudur University, Jakarta, Indonesia (darwatisusi@borobudur.ac.id)

4. Bambang Bernanthos, Lecturer of Economic Graduate Program, Borobudur University, Jakarta, Indonesia

In the disruptive era, old ways have been plagued by changes that took place very quickly. The research aims to analyze the determinants and dominant factors of the development of the Indonesian short-term and long-term handicraft industry exports in the current disruptive era. The secondary time series data of the sample is determined by purposive sampling. Independent variable consists of the number of small and medium micro enterprises, the rupiah exchange rate against the US dollar, people’s business loans, and inflation, while the dependent variable is the export value of the Indonesian handicraft industry. Data analysis method uses OLS (Ordinary Least Square) Multiple Regression with Error Correction Model (ECM). The results of the study are the number of small and medium micro enterprises, the rupiah exchange rate against the US dollar, people’s business loans, and inflation are determinants of the export of Indonesian handicraft industries. The dominant factor in increasing the export of Indonesian handicraft industry in the long term is the number of Micro, Small and Medium Enterprises, while in the short term the amount of People’s Business Loans.

Keywords

Disruptive Era; Micro, Small and Medium Enterprises; Rupiah exchange rate against dollar America; People’s Business Loans; Inflation; Craft Industry Exports; ECM

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