Government strategy to revive SMEs from post-Covid-19 collapse
Analysis of economic improvement for lower class communities in Jakarta, Indonesia
Bibliographic Data
| ID | 22189808 |
|---|---|
| Authors | Andi Saiful-Haq (Universitas Muhammadiyah Jakarta), Endang Tirtana (Universitas Muhammadiyah Jakarta), Azhari Aziz Samudra (0000-0003-1867-4145, Universitas Muhammadiyah Jakarta), Evi Satispi (0000-0002-5326-4646, Universitas Muhammadiyah Jakarta) |
| Year | 2024 |
| Volume | 8 |
| Issue | 8 |
| Pages | 7314 |
| Publication date | 2024-08-27 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Infrastructure Policy and Development (JOURNAL) |
| Journal identifiers | ISSN: 2572-7923 • E-ISSN: 2572-7931 |
| Publisher | EnPress Publisher (PUBLISHER) |
| DOI | 10.24294/jipd.v8i8.7314 |
| OpenAlex | W4401921873 |
| Language | EN |
| References cited | 10 |
This research aims to determine the strategy of the Jakarta Provincial Government in increasing the resilience and growth of small and medium enterprises (SMEs) within a collaborative governance framework post-COVID-19. This study explores the effectiveness of SMEs and facilities in accessing financing and fostering collaborative partnerships between SMEs, government agencies, and financial institutions by utilizing USAID’s Theory of Change (TOC). This research uses a qualitative approach supported by in-depth interviews and Focus Group Discussions to enrich the insights of SME stakeholders, large companies, and SME actors and assess the impact of their roles. The results of this research highlight the critical role of SME Cooperative Banks (SCB) in improving SMEs’ access to credit and financial services, including collaborative governance frameworks and partnerships between SMEs, government agencies, and banks, which were identified as necessary to improve policy coherence and encourage conducive SME business environment conditions. The main findings of this research underscore the importance of the SCB model, demonstrating its potential to improve SME resilience and economic sustainability. This SCB model enriches the TOC indicators introduced by USAID. The study identifies gaps in digital infrastructure and market access that hinder SME growth and recommends targeted interventions to address these challenges. This study shows that SCB offers a promising pathway to increase the resilience and growth of SMEs in Indonesia, especially if accompanied by effective collaborative governance strategies. These initiatives can encourage inclusive economic development and strengthen the role of SMEs as drivers of the local economy. Recommendations include expanding the SCB model to other regions, encouraging digitalization, facilitating market access, advocating for a supportive policy framework, and integrating these strategies to advance the principles of USAID’s Theory of Change, fostering sustainable SME development and economic resilience
2019-20 coronavirus outbreak · Business · Development economics · Economic growth · Economics · Political science · Politics · Ruling class · Computer Science · COVID-19 Pandemic Impacts · Law · Medicine · SMEs Development and Digital Marketing · Artificial Intelligence · Virology
The Covid‐19 epidemic
Semistructured interviewing in primary care research
Policy dialogue
Implementation of HIV/Aids prevention policies
A place-based approach in collaborative governance
Implementing collaborative governance
Empirical Phenomenological Inquiry
Covid-19 Impact on SDGs and the Fiscal Measures
Effects of Vertical Fiscal Imbalance on Fiscal Health Expenditure Efficiency—Evidence from China
| Highly cited | No |
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