THE IMPACTS OF INVESTMENT IN THE FORESTRY SECTOR ON THE INDONESIAN ECONOMY
DOI: 10.20886/ijfr.2022.9.2.251-263Abstract
Indonesia has abundant forest resources, reaching 120 million hectares of forest area. However, the forestry sector's contribution to the national economy continues to decline. The low performance of the forestry sector cannot be separated from the limited availability of round-wood materials for its processing industries and insufficient development of the multi-businesses activities among the forestry companies. Therefore, increasing the forestry sector's productivity is necessary through raising investment. This study investigates the impacts of investment in the forestry sector on Indonesian economic performance, including output, income, employment, and import, using the Input-Output (I-O) Model. The results show that investment in the forestry sector will increase output, income, and labour in the forestry sector and its related sectors. However, with the increase in its output, the demand for inputs, including round-wood materials, will also increase, encouraging a rise in imports. Thus, an increase in investment in the forestry sector needs to be balanced with the availability of roundwood materials and other associated inputs in Indonesia. For the follow-up research, it is important to separate the investment into upstream and downstream activities along the forestry value chain and include a regional aspect in the analysis.
Keywords
Full Text:
PDFReferences
Ahmad, A., Saleh, M. B., & Rusolono, T. (2016). Spatial Modeling of Deforestation in Fmu of Poigar, North Sulawesi. Jurnal Penelitian Kehutanan Wallacea, 5(2), 159. https://doi.org/10.18330/jwallacea.2016.vol5iss2pp159-169
Alviya, I., Salaka, F. J., Muttaqin, M. Z., Nurfatriani, F., & Suryandari, E. Y. (2020). Efektifitas kebijakan pendanaan pembangunan hutan tanaman rakyat (HTR) (The Effectiveness of Financing Policy for the Developing Community Forest Plantation). 17(June), 53–73.
Anas, R., Tamin, O. Z., & Wibowo, S. S. (2015). Applying input-output model to estimate the broader economic benefits of Cipularang Tollroad Investment to Bandung District. Procedia Engineering, 125, 489–497. https://doi.org/10.1016/j.proeng.2015.11.042
Arshaf, R. D. A., Roslinda, E., & Sisillia, L. (2020). Faktor-faktor yang mempengaruhi pertumbuhan ekonomi subsektor kehutanan Kabupaten/Kota di Kalimantan Barat. JURNAL HUTAN LESTARI, 8(4), 782–791.
Asosiasi Pengusaha Hutan Indonesia. (2019). Road Map Pembangunan Hutan Produksi Tahun 2019-2045 (F. T. K. Purwadi Soeprihanto (ed.)). Asosiasi Pengusaha Hutan Indonesia. https://www.rimbawan.com/berita/road-map-pembangunan-hutan-produksi-tahun-2019-2045/
Badan Koordinasi Penanaman Modal. (2021). Realisasi Penanaman Modal PMDN-PMA Indonesia. Jakarta, ID. https://www.bkpm.go.id/images/uploads/file_siaran_pers/Paparan_Realisasi_Investasi_Triwulan_I_2021_Bahasa_Indonesia_22_April_2021.pdf
Badan Pusat Statistik. (2021). Tabel input-output Indonesia 2016. Jakarta, ID: Badan Pusat Statistik RI. https://www.bps.go.id/publication/2021/03/31/081f6b0af2c15c524d72b660/tabel-input---output-indonesia-2016.html
Badan Pusat Statistik. (2020). Produk Domestik Bruto (Lapangan Usaha) Indonesia Menurut Harga Konstan 2010. Jakarta, ID: Badan Pusat Statistik RI. https://www.bps.go.id/indicator/11/65/1/-seri-2010-pdb-seri-2010.html
Banday, U. J., Murugan, S., & Maryam, J. (2021). Foreign direct investment, trade openness and economic growth in BRICS countries: evidences from panel data. Transnational Corporations Review, 13(2), 211–221. https://doi.org/DOI: 10.1080/19186444.2020.1851162
Dayneko, D., Dayneko, A., & Dayneko, V. (2021). Problems and Prospects of the Forest Industry Development in Russia: A case study of Baikal region. E3S Web of Conferences, 247, 1–7. https://doi.org/10.1051/e3sconf/202124701033
Defries, R. S., Rudel, T., Uriarte, M., & Hansen, M. (2010). Deforestation driven by urban population growth and agricultural trade in the twenty-first century. Nature Geoscience, 3(3), 178–181. https://doi.org/10.1038/ngeo756
Djaenudin, D., Oktaviani, R., Hartoyo, S., & Prabowo, H. D. (2016). An Empirical Analysis of Land-use Change in Indonesia. International Journal of Sciences: Basic and Applied Research (IJSBAR), 28(1), 166–179. http://gssrr.org/index.php?journal=JournalOfBasicAndApplied
Felix N, A. (2021). Influence of Foreign Direct Investment on Economic Growth In Nigeria (1989- 2019). European Journal of Accounting, Auditing and Finance Research, 9(5), 36–52. https://emea.mitsubishielectric.com/ar/products-solutions/factory-automation/index.html
Firmansyah. (2006). Operosi Matrix dan Analisis Input-Output (I-O) untuk Ekonomi. Semarang, ID: Badan Penerbit Universitas Diponegoro.
Hersaputri, L. D., & Santoso, E. B. (2017). Estimasi Deplesi Lingkungan Subsektor Kehutanan di Jawa Timur. Jurnal Teknik ITS, 6(2). https://ejurnal.its.ac.id/index.php/teknik/article/download/24639/4845
Junari, T., Rustiadi, E., & Mulatsih, S. (2020). Identifikasi Sektor Industri Pengolahan Unggulan Propinsi Jawa Timur (Analisis Input Output). Tataloka, 22(3), 308–320. https://doi.org/10.14710/tataloka.22.3.308-320
Kementrian Lingkungan Hidup dan Kehutanan. (2019). Statistik Kementrian Lingkungan Hidup dan Kehutanan. https://www.menlhk.go.id/site/single_post/3714/statistik-klhk-2019
Kementrian Lingkungan Hidup dan Kehutanan. (2021). Rencana Kerja Kementiran Lingkungan Hidup dan Kehutanan. https://www.menlhk.go.id/uploads/site/post/1610950669.pdf
Kim, K., İlkkaracan, İ., & Kaya, T. (2019). Public investment in care services in Turkey: Promoting employment & gender inclusive growth. Journal of Policy Modeling, 41(6), 1210–1229. https://doi.org/10.1016/J.JPOLMOD.2019.05.002
Kobilov, A. E., & Kurbonov, O. A. (2020). Foreign Direct Investment and Domestic Investment On the Economic Growth of the Uzbekistan-A VECM Analysis International Journal of Academic Research in Business, Arts and Science (IJARBAS.COM). International Journal of Academic Research in Business, Arts and Science, 7354(May), 75–86. https://doi.org/10.5281/zenodo.3832977
M. Nur, U. S., Kastanya, A., & Maail, R. S. (2018). Pengaruh Produksi Kayu Bulat Dan Jumlah Iphhk Terhadap Produksi Kayu Gergajian Di Provinsi Maluku. Jurnal Hutan Pulau-Pulau Kecil, 2(1), 16–27. https://doi.org/10.30598/jhppk.2018.2.1.16
Mäkelä, M. (2017). Environmental impacts and aspects in the forest industry: What kind of picture do corporate environmental reports provide? Forest Policy and Economics, 80, 178–191. https://doi.org/10.1016/j.forpol.2017.03.018
Marbun, L. (2017). Pengaruh Produksi, Kurs Dan Gross Domestic Product (Gdp) Terhadap Ekspor Kayu Lapis. Economics Development Analysis Journal, 4(2), 129–136. https://doi.org/10.15294/edaj.v4i2.14812
Masru’ah, D., & Soejoto, A. (2013). Pengaruh Tenaga Kerja dan Investasi di Sektor Pertanian terhadap Pertumbuhan Sektor Pertanian di Provinsi Jawa Timur. Jurnal Mahasiswa Teknologi UNESA, 1–18.
Nur, M. A., Mutmainah, S., Yaqin, Z., & Yunani, A. (2018). The Contribution of the Forestry Sector To Regional Development of South Kalimantan Province (Green Grdp Calculation Approach) Pembangunan Daerah Provinsi Kalimantan Selatan (Pendekatan Perhitungan Pdrb Hijau). 1(2), 52–64.
Putra, H., & Nasir, M. (2015). Analisis Faktor-Faktor Yang Mempengaruhi Produksi Padi Di Propinsi Aceh. Jurnal Ilmu Ekonomi, 3(1), 53–60. https://media.neliti.com/media/publications/13206-ID-analisis-faktor-faktor-yang-mempengaruhi-produksi-sektor-pertanian-di-propinsi-a.pdf
Sahara. (2017). Analisis Input-Output Perencanaan Sektor Unggulan. Bogor, ID: IPB Press
Sohail, S., & Mirza, S. S. (2020). Impact of Foreign Direct Investment on Economic Growth of Pakistan. Asian Journal of Economics, Finance and Management, 2(3), 1–13. https://doi.org/10.17549/gbfr.2020.25.2.19
Vukić, L., Mikulić, D., & Keček, D. (2021). The impact of transportation on the croatian economy: The input-output approach. Economies, 9(1). https://doi.org/10.3390/economies9010007
V. P. Hmyria, V. V. Polishchuk, I. V. Kozachenko, & S. V. Sovgira. (2019). Investment Support for the Development of the Forestry of Ukraine in the Context Improving the Country Forest Resource Potential. The Bulletin, 1(377), 249–255. https://doi.org/10.32014/2019.2518-1467.28
Widyawati, R. F. (2017). Analisis Keterkaitan Sektor Pertanian Dan Pengaruhnya Terhadap Perekonomian Indonesia (Analisis Input Ouput). Jurnal Economia, 13(1). https://doi.org/10.21831/economia.v13i1.11923
Wijeweera, A., Villano, R., & Dollery, B. (2010). Economic Growth and FDI Inflows: A Stochastic Frontier Analysis. The Journal of Developing Areas, 43(2), 143–158. https://doi.org/10.1353/jda.0.0059
Wiyono, W., Lestari, P., Hidayat, R., Oktalina, S. N., Utomo, S., Prasetyo, E., Ngadianto, A., & Nugroho, P. (2018). Penerapan Teknik Silvikultur Intensif Pada Pengelolaan Hutan Rakyat di Kabupaten Gunungkidul. Jurnal Pengabdian Dan Pengembangan Masyarakat, 1(1), 57–70. https://doi.org/10.22146/jp2m.41619
Wulandari, C., Budiono, P., & Nurrochmat, D. R. (2016). Kesiapan Daerah Dalam Implementasikan Program Tentang Pemerintahan Daerah. Risalah Kebijakan Pertanian Dan Lingkungan, 3 (2)(Agustus), 108–116.
Yunitasari, D., & Priyono, T. H. (2021). Analisis Input-Output Produksi Tebu di Provinsi Jawa Timur. Buletin Tanaman Tembakau, Serat & Minyak Industri, 13(1), 36. https://doi.org/10.21082/btsm.v13n1.2021.36-47
Zendrato, D. T., Rustiadi, E., & Rusdiana, O. (2020). Peranan Subsektor Kehutanan dalam Pembangunan Wilayah Provinsi Jawa Barat: Pendekatan Input-Output dan Pewilayahan. Journal of Regional and Rural Development Planning, 4(1), 1–13. https://doi.org/10.29244/jp2wd.2020.4.1.1-13
Refbacks
- There are currently no refbacks.