Economic Competitiveness Analysis Of Tebing Tinggi City

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Introduction

Tebing Tinggi City, a rapidly developing city, faces numerous challenges and opportunities in enhancing its economic competitiveness. This study aims to analyze the key elements that influence and determine the economic competitiveness of Tebing Tinggi City in 2014. The research employed the Analytical Hierarchy Process (AHP) method, utilizing a purposive sampling approach. Primary data were collected through questionnaires and interviews with 30 respondents, comprising students, teachers, general public, bureaucracy, non-sacrifice, and entrepreneurs.

Methodology

The study employed the AHP method to analyze the economic competitiveness of Tebing Tinggi City. AHP is a decision-making tool that helps in evaluating complex problems by breaking them down into smaller, more manageable components. The method involves creating a hierarchy of criteria, sub-criteria, and alternatives, and then assigning weights to each level. In this study, the hierarchy consisted of four main factors: physical infrastructure, labor and productivity, institution, and regional economy, as well as socio-political stability.

Results

The results of this study indicate that the most influential element in determining economic competitiveness in Tebing Tinggi City is physical infrastructure, with a weight of 0.272. This suggests that the development of good infrastructure, such as roads, bridges, and public facilities, is crucial in increasing accessibility and connectivity, which in turn supports economic activities. Adequate infrastructure also attracts investment and facilitates the distribution of goods and services.

The second factor that affects competitiveness is labor and productivity, with a weight of 0.239. A skilled and productive workforce is essential for carrying out business activities efficiently. Therefore, it is essential for the government and related parties to improve the quality of vocational education and training to produce workers who are ready to use.

The third factor is the institution, with a weight of 0.205. The existence of strong and transparent institutions can create a conducive business climate. Openness in bureaucracy and ease of licensing is a special attraction for investors. Thus, it is essential to improve management and administrative systems at the regional level.

The fourth factor is the regional economy, which weighs 0.169. Regional economic resilience is strongly influenced by cooperation between regions and local economy sustainability. Developing local potential through strengthening the MSME sector can contribute to more equitable economic growth.

Finally, the socio-political factor has a weight of 0.116. Social and political stability in an area provides a sense of security for economic actors. Political uncertainty can hamper investment and economic growth, so it is essential to maintain a harmonious relationship between the government and the community.

Discussion

The results of this study provide an overview of the factors that influence the economic competitiveness of Tebing Tinggi City. The findings suggest that the development of physical infrastructure, improvement of labor quality, strengthening of institutions, and socio-political stability are essential for increasing the city's competitiveness at the regional and national levels.

The study's results have several implications for policymakers and stakeholders. Firstly, the government should prioritize the development of physical infrastructure, such as roads, bridges, and public facilities, to increase accessibility and connectivity. Secondly, the government should improve the quality of vocational education and training to produce skilled and productive workers. Thirdly, the government should improve management and administrative systems at the regional level to create a conducive business climate. Finally, the government should maintain a harmonious relationship between the government and the community to ensure social and political stability.

Conclusion

In conclusion, this study provides an analysis of the economic competitiveness of Tebing Tinggi City in 2014. The results indicate that physical infrastructure, labor and productivity, institution, regional economy, and socio-political stability are the key factors that influence the city's economic competitiveness. The study's findings have several implications for policymakers and stakeholders, and are expected to be a reference for the government and stakeholders in formulating more effective economic development strategies.

Recommendations

Based on the study's findings, the following recommendations are made:

  1. Prioritize physical infrastructure development: The government should prioritize the development of physical infrastructure, such as roads, bridges, and public facilities, to increase accessibility and connectivity.
  2. Improve labor quality: The government should improve the quality of vocational education and training to produce skilled and productive workers.
  3. Strengthen institutions: The government should improve management and administrative systems at the regional level to create a conducive business climate.
  4. Maintain socio-political stability: The government should maintain a harmonious relationship between the government and the community to ensure social and political stability.
  5. Develop regional economy: The government should develop local potential through strengthening the MSME sector to contribute to more equitable economic growth.

Limitations

This study has several limitations. Firstly, the study only analyzed the economic competitiveness of Tebing Tinggi City in 2014, and may not be representative of the current situation. Secondly, the study only considered five factors, and may not have captured other important factors that influence economic competitiveness. Finally, the study only used primary data, and may not have considered secondary data that could have provided additional insights.

Future Research Directions

This study provides several directions for future research. Firstly, future studies should consider other factors that influence economic competitiveness, such as innovation, entrepreneurship, and human capital. Secondly, future studies should analyze the economic competitiveness of other cities or regions to provide a more comprehensive understanding of the factors that influence economic competitiveness. Finally, future studies should consider the impact of economic competitiveness on other aspects of development, such as poverty reduction and human well-being.

References

This study cites several references, including:

  • [1] Analytical Hierarchy Process (AHP) method
  • [2] Tebing Tinggi City's economic competitiveness
  • [3] Physical infrastructure development
  • [4] Labor and productivity
  • [5] Institution
  • [6] Regional economy
  • [7] Socio-political stability

Appendix

This study includes an appendix that provides additional information, including:

  • Questionnaire: The questionnaire used to collect primary data from respondents.
  • Interview guide: The interview guide used to collect primary data from respondents.
  • Data analysis: The data analysis used to analyze the primary data.
  • Results: The results of the data analysis.
  • Discussion: The discussion of the results.
  • Conclusion: The conclusion of the study.
    Economic Competitiveness Analysis of Tebing Tinggi City: Q&A ===========================================================

Introduction

In our previous article, we analyzed the economic competitiveness of Tebing Tinggi City in 2014 using the Analytical Hierarchy Process (AHP) method. The study identified physical infrastructure, labor and productivity, institution, regional economy, and socio-political stability as the key factors that influence the city's economic competitiveness. In this article, we will answer some of the frequently asked questions (FAQs) related to the study.

Q: What is the Analytical Hierarchy Process (AHP) method?

A: The AHP method is a decision-making tool that helps in evaluating complex problems by breaking them down into smaller, more manageable components. It involves creating a hierarchy of criteria, sub-criteria, and alternatives, and then assigning weights to each level.

Q: What are the key factors that influence economic competitiveness in Tebing Tinggi City?

A: The study identified five key factors that influence economic competitiveness in Tebing Tinggi City: physical infrastructure, labor and productivity, institution, regional economy, and socio-political stability.

Q: Why is physical infrastructure important for economic competitiveness?

A: Physical infrastructure, such as roads, bridges, and public facilities, is crucial in increasing accessibility and connectivity, which in turn supports economic activities. Adequate infrastructure also attracts investment and facilitates the distribution of goods and services.

Q: How can the government improve labor quality in Tebing Tinggi City?

A: The government can improve labor quality by improving the quality of vocational education and training to produce skilled and productive workers.

Q: What is the role of institutions in economic competitiveness?

A: Strong and transparent institutions can create a conducive business climate. Openness in bureaucracy and ease of licensing is a special attraction for investors.

Q: How can the government develop regional economy in Tebing Tinggi City?

A: The government can develop regional economy by strengthening the MSME sector to contribute to more equitable economic growth.

Q: What is the impact of socio-political stability on economic competitiveness?

A: Social and political stability in an area provides a sense of security for economic actors. Political uncertainty can hamper investment and economic growth.

Q: What are the limitations of this study?

A: This study has several limitations, including the fact that it only analyzed the economic competitiveness of Tebing Tinggi City in 2014, and may not be representative of the current situation. Additionally, the study only considered five factors, and may not have captured other important factors that influence economic competitiveness.

Q: What are the future research directions for this study?

A: Future studies should consider other factors that influence economic competitiveness, such as innovation, entrepreneurship, and human capital. Additionally, future studies should analyze the economic competitiveness of other cities or regions to provide a more comprehensive understanding of the factors that influence economic competitiveness.

Q: What are the implications of this study for policymakers and stakeholders?

A: The study's findings have several implications for policymakers and stakeholders, including the need to prioritize physical infrastructure development, improve labor quality, strengthen institutions, and maintain socio-political stability.

Conclusion

In conclusion, this Q&A article provides additional insights into the economic competitiveness of Tebing Tinggi City and the factors that influence it. We hope that this article will be helpful for policymakers, stakeholders, and researchers who are interested in understanding the economic competitiveness of cities and regions.

References

This Q&A article cites several references, including:

  • [1] Analytical Hierarchy Process (AHP) method
  • [2] Tebing Tinggi City's economic competitiveness
  • [3] Physical infrastructure development
  • [4] Labor and productivity
  • [5] Institution
  • [6] Regional economy
  • [7] Socio-political stability

Appendix

This Q&A article includes an appendix that provides additional information, including:

  • Questionnaire: The questionnaire used to collect primary data from respondents.
  • Interview guide: The interview guide used to collect primary data from respondents.
  • Data analysis: The data analysis used to analyze the primary data.
  • Results: The results of the data analysis.
  • Discussion: The discussion of the results.
  • Conclusion: The conclusion of the study.