Measuring Global Entrepreneurship Index of Indonesia among ASEAN 6 Countries
Description:
GEI (Global Entrepreneurship Index) has a contextual feature of entrepreneurship by focusing on Entrepreneurial Attitudes (ATT), Entrepreneurial Abilities (ABT), and Entrepreneurial Aspirations (ASP). This paper purposes in measuring Global Entrepreneurship Index of Indonesia among ASEAN 6 (six) Countries. The implementation of the ASEAN Economic Community (AEC) 2015 will create economic activity with very high mobility and can open business opportunities and employment, but also at the same time become a huge challenge for countries in the ASEAN region, including Indonesia. For this reason, we need to know how that position of Indonesia is in the Global Entrepreneurship Index (GEI) among the 6 (six) ASEAN member countries, namely: Indonesia, Philippine, Malaysia, Singapore, Thailand and Brunei Darussalam. From the results of the literature review of the GEI report starting from 2015 – 2017, Indonesia’s position is at the lowest rank among the 6 (six) ASEAN countries. So, answering these conditions, it is necessary to understand what the government’s efforts are in the effort to improve Sustainable Global Entrepreneurship. To spur the development of entrepreneurship, the Indonesian government launched the National Entrepreneurship Movement (GKN), with the aim of increasing the number of Indonesian entrepreneurs. According to Sarkar (2014), this interest has been fuelled by the desire to understand how entrepreneurship influences the economy of a country. Both the economists and policy makers recognize the effect of entrepreneurship on the economy of a country. Moreover, the research conducted by Elistia (2017) found results that stated that the Total Entrepreneurship Activity (TEA) and Economic Growth (GDP) in Indonesia had a strong positive correlation between TEA and GDP of 0.853 (pearson correlation). So it can be concluded that entrepreneurship has an impact on increasing economic growth in Indonesia, this is expected to increase Indonesia’s GEI Index ranking.
Author:
- Elistia
Source:
International Conference on Recent Innovation 2018
