Macroeconomic variables development against poverty toward Natuna's local fishers

Sustainable management and planning are challenging for the fisheries and aquaculture sectors working in harmony along with the blue economy perspective. Therefore, identifying the potential and parameters that can accelerate the optimization of natural resources is needed to achieve profitable grow...

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Bibliographic Details
Published inAquaculture, Aquarium, Conservation & Legislation Vol. 15; no. 5; pp. 2521 - 2540
Main Authors Hidayati, Arifah, Utami, Risnita Tri, Yulfiperius
Format Journal Article
LanguageEnglish
Published Cluj-Napoca Bioflux SRL 01.10.2022
Subjects
Aquaculture
Destructive fishing
Econometrics
Economic analysis
Economic development
Economic growth
Economics
Employment
Fisheries
Fishers
Investment
Labor
Labour
Local government
Method of moments
Natural resources
Optimization
Parameter identification
Parameters
Polyculture (aquaculture)
Poverty
Poverty alleviation
Product development
Productivity
Standard of living
Sustainability
Sustainability management
Philippines
Indonesia
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Summary:Sustainable management and planning are challenging for the fisheries and aquaculture sectors working in harmony along with the blue economy perspective. Therefore, identifying the potential and parameters that can accelerate the optimization of natural resources is needed to achieve profitable growth. By using a quantitative approach through the Generalized Method of Moments System (GMM-SYS) estimator, this study processed six secondary data such as poverty (POV), investment (IV), government expenditure (GOVEX), fisheries total production (TP), Gross Regional Domestic Product (GRDP), employment (LABOR), and net export (EXPORT) in Natuna Regency from 2010 to 2020. This study aims to comprehend the variables that can help raise the standard of living of the people in Natuna Regency through econometric analysis of macroeconomic variables. Furthermore, the discussion related to these variables is reinforced with a blue economy standpoint to provide an overview of how the economic variable strengthens the people's economic stability in the Natuna Regency while preserving nature. The present study found that investment has the most significant influence on poverty alleviation in the long term, where a 1% percent increase in investment will reduce poverty by 0.675%. On the other hand, a 1% increase in total production, GRDP, and labor can reduce poverty by 0.026%, 0.065%, and 0.053%, respectively. The key to rigorous development is the coordination of all parameters that can back up, boost, and serve each other in economic development aspects. Therefore, it is highly recommended for Natuna Regency local government to focus on macroeconomic variables, specifically the investments, in fighting poverty in Natuna Regency while also taking into consideration a sustainable manner when optimizing the impending investment.
ISSN:1844-8143
1844-9166