The Contribution of Small and Medium Enterprises (SMEs) to Economic Growth in Developing Nations

Saefudin Zuhdi, Sujana, Mashadi

Abstract

Small and Medium Enterprises (SMEs) make a significant contribution to economic growth in developing countries, including Indonesia, through job creation and strengthening the local economy. This study aims to analyze the contribution of SMEs to economic growth in Bogor City, identify factors that affect the success of SMEs, and provide policy recommendations to strengthen the role of SMEs as a driving force for economic development. Using a quantitative approach with an explanatory method, data were collected through a survey of 387 registered SME respondents and analyzed by multiple linear regression. The results show that turnover growth and employee recruitment have a significant positive effect on business growth projections, while product innovation shows a significant negative influence, indicating that there are challenges in adapting innovation to market needs. A coefficient of determination (R²) of 5.8% shows that internal SME factors play a role, but external factors also have a significant influence. This study recommends market research training, financing facilitation, SME digitalization, and continuous assistance to optimize the contribution to local economic growth.

 

Keywords: SMEs, Economic Growth, Innovation, Public Policy.

 

https://doi.org/10.55463/issn.1674-2974.52.4.11


Full Text:

PDF


References


A. C. Putra, “Pengaruh Pertumbuhan PDRB Usaha Mikro Kecil Menengah (UMKM) Terhadap Pertumbuhan Ekonomi Surabaya,” J. Lemhannas RI, vol. 10, no. 2, pp. 134–148, 2022.

A. Fajri, “Peran kewirausahaan dalam pembangunan ekonomi,” Iqtishodiyah J. Ekon. Dan Bisnis Islam, vol. 7, no. 2, pp. 104–112, 2021.

A. Wahab and I. Mahdiya, “Peran lembaga keuangan syariah terhadap pertumbuhan UMKM dalam revitalisasi ekonomi pembangunan di Indonesia,” Islam. J. Pemikir. Islam, vol. 24, no. 1, pp. 109–124, 2023.

A. Salim, F. Fadilla, A. Purnamasari, “Pengaruh inflasi terhadap pertumbuhan ekonomi indonesia,” Ekon. Sharia J. Pemikir. dan Pengemb. Ekon. Syariah, vol. 7, no. 1, pp. 17–28, 2021.

A. M. Ginting, “Analisis pengaruh ekspor terhadap pertumbuhan ekonomi Indonesia,” Bul. Ilm. Litbang Perdagang., 2021.

P. M. Romer, “Endogenous technological change,” J. Polit. Econ., vol. 98, no. 5, Part 2, pp. S71–S102, 1990.

P. M. Romer, “The origins of endogenous growth,” J. Econ. Perspect., vol. 8, no. 1, pp. 3–22, 1994.

C. I. Jones, “Paul Romer: Ideas, nonrivalry, and endogenous growth,” Scand. J. Econ., vol. 121, no. 3, pp. 859–883, 2019.

H. W. Falah, “Determinasi pertumbuhan ekonomi di Indonesia,” J. Ekon. Trisakti, vol. 3, no. 2, pp. 2309–2318, 2023.

Y. S. Hartati, “Analisis pertumbuhan ekonomi inklusif di Indonesia,” J. Ekon. Dan Bisnis, vol. 12, no. 1, pp. 79–92, 2021.

B. Kusdimanto, N. S. Wahyuni, I. L. Assya’if, and S. Mulyantini, “REVIEW PERAN INKLUSI KEUANGAN BERBASIS FINTECH DAN PERILAKU KEUANGAN UNTUK PERTUMBUHAN UKM: PERAN INKLUSI KEUANGAN BERBASIS FINTECH DAN PERILAKU KEUANGAN UNTUK PERTUMBUHAN UKM,” J. Publ. Manaj. Inform., vol. 1, no. 1, pp. 50–60, 2022.

P. S. I. Lubis and R. Salsabila, “Peran UMKM (Usaha Mikro, Kecil, Dan Menengah) Dalam Meningkatkan Pembangunan Ekonomi Di Indonesia,” MUQADDIMAH J. Ekon. Manajemen, Akunt. Dan Bisnis, vol. 2, no. 2, pp. 91–110, 2024.

M. Qadisyah, A. Hasanah, H. Hanum, and N. Harahap, “Peran UMKM Dalam Pembangunan dan Kesejahteraan Masyarakat di Kabupaten Deli Serdang,” Manivest J. Manajemen, Ekon. Kewirausahaan, dan Investasi, vol. 1, no. 2, pp. 159–168, 2023.

J. A. Schumpeter, Capitalism, socialism and democracy. routledge, 2013.

K. Śledzik, “Schumpeter’s view on innovation and entrepreneurship,” Manag. Trends Theory Pract. Stefan Hittmar, Fac. Manag. Sci. Informatics, Univ. Zilina Inst. Manag. by Univ. Zilina, 2013.

C. Ziemnowicz, “Joseph A. Schumpeter and innovation,” in Encyclopedia of creativity, invention, innovation and entrepreneurship, Springer, 2020, pp. 1517–1522.

A. Halim, “Pengaruh pertumbuhan usaha mikro, kecil dan menengah terhadap pertumbuhan ekonomi kabupaten mamuju,” GROWTH J. Ilm. Ekon. Pembang., vol. 2, no. 1, pp. 31–46, 2020.

A. T. Novitasari, “Kontribusi umkm terhadap pertumbuhan ekonomi era digitalisasi melalui peran pemerintah,” JABE (Journal Appl. Bus. Econ., vol. 9, no. 2, pp. 184–204, 2022.

A. Premana, G. Fitralisma, A. Yulianto, M. B. Zaman, and M. A. Wiryo, “Pemanfaatan teknologi informasi pada pertumbuhan ekonomi dalam era disrupsi 4.0,” J. Econ. Manag., vol. 2, no. 2, pp. 1–6, 2020.

B. A. Windusancono, “Upaya percepatan pertumbuhan usaha mikro kecil dan menengah (UMKM) di Indonesia,” Mimb. Adm. Fisip Untag Semarang, vol. 18, no. 1, pp. 1–14, 2021.

A. H. Ilman, G. Noviskandariani, and M. Nurjihadi, “Peran teknologi finansial bagi perekonomian negara berkembang,” J. Ekon. Dan Bisnis Indones., vol. 4, no. 1, 2019.

D. R. Anggraeni, “Pengaruh inovasi produk, desain produk, kualitas produk terhadap keunggulan bersaing (studi kasus pada ukm kerajinan kulit manding di kabupaten bantul),” 2021.

Sugiyono, Metode Penelitian Kuantitatif Kualitatif dan R&D, vol. 25. Bandung.

J. W. Creswell and J. D. Creswell, Research design: Qualitative, quantitative, and mixed methods approaches. Sage Publications, 2017.

D. Riduwan, “Belajar Mudah Penelitian untuk Guru dan Karyawan dan Peneliti Pemula.” Alfabeta, 2019.

J. Nunnally and I. Bernstein, “Psychometric Theory, 3rd edition (MacGraw-Hill, New York).” 1994.

Y. H. Sipahutar, A. N. Siregar, M. Suryanto, R. B. Pratama, T. F. Panjaitan, and P. S. Panjaitan, “Penambahan Tepung Rumput laut (Gracilaria sp) terhadap Karakteristik Mutu Ekado Ikan Nila (Oreochromis niloticus),” in Prosiding Seminar Nasional Online Teknologi Pangan Pascapanen, 2020.

F. Tambunan, “Pengaruh pengetahuan akuntansi dan pengalaman usaha terhadap pengembangan usaha dan penggunaan informasi akuntansi sebagai variabel intervening (Kajian empiris pada pelaku usaha kecil dan menengah di Kelurahan Tanjung Rejo Kecamatan Medan Sunggal),” AT-TAWASSUTH J. Ekon. Islam, vol. 4, no. 2, pp. 371–394, 2019.

S. Setiawan, P. S. Sholikha, D. Rahayu and N. Fitrianna, “Strategi Pembiayaan Bankziska Terhadap Praktik Riba Pada Pelaku UMKM,” Filantr. J. Manaj. Zakat dan Wakaf, vol. 2, no. 2, pp. 112–126, 2021.


Refbacks

  • There are currently no refbacks.