Economic Growth, Increasing Productivity of SMEs, and Open Innovation
The empowerment of small and medium economic enterprises will drive economic growth. The purpose of this study is to analyze (1) how economic growth works as a determinant of increasing the productivity of small and medium enterprises; (2) the influence of government policies, business capital suppo...
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doaj-022e676746ed478fb5892e2000c6e0972021-01-08T00:03:31ZengMDPI AGJournal of Open Innovation: Technology, Market and Complexity2199-85312021-01-017202010.3390/joitmc7010020Economic Growth, Increasing Productivity of SMEs, and Open InnovationBatara Surya0Firman Menne1Hernita Sabhan2Seri Suriani3Herminawaty Abubakar4Muhammad Idris5Department of Urban and Regional Planning, Faculty of Engineering, Bosowa University, Makassar 90231, IndonesiaDepartment of Accounting, Faculty of Economic and Business, Bosowa University, Malassar 90231, IndonesiaDepartment of Economic, STIM Lasharan Jaya, Makassar 90231, IndonesiaDepartment of Financial Management, Faculty of Economic and Business, Bosowa University, Makassar 90231, IndonesiaDepartment of Economic Management, Faculty of Economic and Business, Bosowa University, Makassar 90231, IndonesiaDepartment of Economic Management, Faculty of Economic and Business, Bosowa University, Makassar 90231, IndonesiaThe empowerment of small and medium economic enterprises will drive economic growth. The purpose of this study is to analyze (1) how economic growth works as a determinant of increasing the productivity of small and medium enterprises; (2) the influence of government policies, business capital support, and the strengthening of human resource capacity on the development of small and medium enterprises (SMEs); and (3) strategies to increase business productivity and the sustainability of SMEs. We used a sequential explanatory design, which is a combination of quantitative and qualitative research, and data were obtained through observation, in-depth interviews, surveys, and documentation. The results of the study indicate that economic growth coupled with technological innovation will boost the productivity of economic enterprises and increase people’s welfare. Government policies, business capital support, and human resource capacity strengthening simultaneously have a positive effect on the development of SMEs, with a determination coefficient of 97.6%. Based on the results of this study, an economic growth strategy based on technological innovation is recommended for government decision making as an effort to increase the productivity of community economic enterprises in Makassar City, Indonesia.https://www.mdpi.com/2199-8531/7/1/20economic growthbusiness productivitypublic welfareeconomic business sustainability |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Batara Surya Firman Menne Hernita Sabhan Seri Suriani Herminawaty Abubakar Muhammad Idris |
spellingShingle |
Batara Surya Firman Menne Hernita Sabhan Seri Suriani Herminawaty Abubakar Muhammad Idris Economic Growth, Increasing Productivity of SMEs, and Open Innovation Journal of Open Innovation: Technology, Market and Complexity economic growth business productivity public welfare economic business sustainability |
author_facet |
Batara Surya Firman Menne Hernita Sabhan Seri Suriani Herminawaty Abubakar Muhammad Idris |
author_sort |
Batara Surya |
title |
Economic Growth, Increasing Productivity of SMEs, and Open Innovation |
title_short |
Economic Growth, Increasing Productivity of SMEs, and Open Innovation |
title_full |
Economic Growth, Increasing Productivity of SMEs, and Open Innovation |
title_fullStr |
Economic Growth, Increasing Productivity of SMEs, and Open Innovation |
title_full_unstemmed |
Economic Growth, Increasing Productivity of SMEs, and Open Innovation |
title_sort |
economic growth, increasing productivity of smes, and open innovation |
publisher |
MDPI AG |
series |
Journal of Open Innovation: Technology, Market and Complexity |
issn |
2199-8531 |
publishDate |
2021-01-01 |
description |
The empowerment of small and medium economic enterprises will drive economic growth. The purpose of this study is to analyze (1) how economic growth works as a determinant of increasing the productivity of small and medium enterprises; (2) the influence of government policies, business capital support, and the strengthening of human resource capacity on the development of small and medium enterprises (SMEs); and (3) strategies to increase business productivity and the sustainability of SMEs. We used a sequential explanatory design, which is a combination of quantitative and qualitative research, and data were obtained through observation, in-depth interviews, surveys, and documentation. The results of the study indicate that economic growth coupled with technological innovation will boost the productivity of economic enterprises and increase people’s welfare. Government policies, business capital support, and human resource capacity strengthening simultaneously have a positive effect on the development of SMEs, with a determination coefficient of 97.6%. Based on the results of this study, an economic growth strategy based on technological innovation is recommended for government decision making as an effort to increase the productivity of community economic enterprises in Makassar City, Indonesia. |
topic |
economic growth business productivity public welfare economic business sustainability |
url |
https://www.mdpi.com/2199-8531/7/1/20 |
work_keys_str_mv |
AT batarasurya economicgrowthincreasingproductivityofsmesandopeninnovation AT firmanmenne economicgrowthincreasingproductivityofsmesandopeninnovation AT hernitasabhan economicgrowthincreasingproductivityofsmesandopeninnovation AT serisuriani economicgrowthincreasingproductivityofsmesandopeninnovation AT herminawatyabubakar economicgrowthincreasingproductivityofsmesandopeninnovation AT muhammadidris economicgrowthincreasingproductivityofsmesandopeninnovation |
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