Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)

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Analysis of Economic Growth Patterns and Regional Potential Sectors in Grobogan Regency Central Java in 2017–2021

Authors
Maya Nur Izza1, Didit Purnomo1, *
1Faculty of Economics and Business, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia
*Corresponding author. Email: dp274@ums.ac.id
Corresponding Author
Didit Purnomo
Available Online 4 October 2023.
DOI
10.2991/978-94-6463-204-0_7How to use a DOI?
Keywords
Economic Growth; LQ; Shift Share; Klassen Typology
Abstract

Economic growth and economic development are strongly intertwined, and economic development can spur economic growth. This study aims to investigate economic growth patterns and potential sectors in Grobogan Regency between 2017 and 2021. The analytical methods used in this study were the location quotient analysis (LQ), shift share, and Klassen typology. The secondary data used are GDP estimates for 2017 through 2021 that were received from the Central Statistical Office (BPS). According to the LQ analysis, the fundamental industries from 2017 to 2021 will be wholesale and retail trade; vehicle and motorcycle maintenance; transportation and storage; accommodation; and food and beverage service; residential neighborhoods, government, military, and security organizations, as well as social, health care, and educational services; and services in finance and insurance. Two industries may have a competitive edge, according to the findings of the shift-share research: wholesale and retail as well as auto and motorcycle maintenance. Based on the class typology research results, the financial services and insurance sectors are regularly represented in the three quadrants referred to as Advanced and Fast Growing Sectors (Quadrant I). Manufacturing and mining are both part of the developed but fragile industry category (Quadrant II). When categorizing foreseeable or expanding sectors, the sector of education services is considered (Quadrant III).

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)
Series
Advances in Economics, Business and Management Research
Publication Date
4 October 2023
ISBN
978-94-6463-204-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-204-0_7How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Maya Nur Izza
AU  - Didit Purnomo
PY  - 2023
DA  - 2023/10/04
TI  - Analysis of Economic Growth Patterns and Regional Potential Sectors in Grobogan Regency Central Java in 2017–2021
BT  - Proceedings of the International Conference on Economics and Business Studies (ICOEBS-22-2)
PB  - Atlantis Press
SP  - 72
EP  - 84
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-204-0_7
DO  - 10.2991/978-94-6463-204-0_7
ID  - Izza2023
ER  -