What Determines Income Enhancement In The Creative Economy Sector?

The growth of the Creative Economy has become a crucial driver of economic development. In Indonesia, the potential for growth in the creative economy surpasses that of the tourism industry. This research is dedicated to examining the factors that influence the earnings of creative economy entrepreneurs in Magelang Regency. The method of analysis employed is multiple linear regression. The findings reveal that labour and capital play a substantial role in determining the income of creative economy entrepreneurs. Conversely, factors such as business longevity, education, and skills do not significantly impact the income of creative economy entrepreneurs. Entrepreneurs in the creative economy must prioritize effective labour management and invest in the development of human resources, as labour has been proven to be a key determinant of income. Implementing appropriate recruitment strategies and fostering a productive team environment are essential for success in this sector

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Publication Details

Journal
Proceeding of International Student Conference on Business, Education, Economics, Accounting, and Management.
Published
2024-09-08
DOI
https://doi.org/10.21009/isc-beam.012.18
Primary Topic
Cultural Industries and Urban Development
Type
article
Field-Weighted Citation Impact
0.00
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article

What Determines Income Enhancement In The Creative Economy Sector?

Jihad Lukis Panjawa, Lorentino Togar Laut, Satya Kristi Aprilianto
Proceeding of International Student Conference on Business, Education, Economics, Accounting, and Management.
Cultural Industries and Urban Development
article

What Determines Income Enhancement In The Creative Economy Sector?

Jihad Lukis Panjawa, Lorentino Togar Laut, Satya Kristi Aprilianto
article en

Abstract

The growth of the Creative Economy has become a crucial driver of economic development. In Indonesia, the potential for growth in the creative economy surpasses that of the tourism industry. This research is dedicated to examining the factors that influence the earnings of creative economy entrepreneurs in Magelang Regency. The method of analysis employed is multiple linear regression. The findings reveal that labour and capital play a substantial role in determining the income of creative economy entrepreneurs. Conversely, factors such as business longevity, education, and skills do not significantly impact the income of creative economy entrepreneurs. Entrepreneurs in the creative economy must prioritize effective labour management and invest in the development of human resources, as labour has been proven to be a key determinant of income. Implementing appropriate recruitment strategies and fostering a productive team environment are essential for success in this sector

Proceeding of International Student Conference on Business, Education, Economics, Accounting, and Management.Vol. 2(1)
Universitas Tidar (ID)
Decent work and economic growth
Openalex Percentile: Top 75%
Cultural Industries and Urban Development
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What Determines Income Enhancement In The Creative Economy Sector? — Jihad Lukis Panjawa, Lorentino Togar Laut, et al. · Proceeding of International Student Conference on Business, Education, Economics, Accounting, and Management. (2024) | TGRS Research Map | TGRS