The Economic Impact of Eko-Gastronomy in Bangli: A Multidisciplinary Analysis

Authors

  • Bondan Pambudi Institut Pariwsata dan Bisnis Internasional
  • Willy Arafaf Universitas Trisakti
  • I Made Sudjana Institut Pariwsata dan Bisnis Internasional
  • Rahmat Ingkadijaya Institut Pariwisata Trisakti

DOI:

https://doi.org/10.37296/esci.v4i2.175

Keywords:

Eco-gastronomy, Sustainable tourism, Economic impact

Abstract

This study examines the economic impact of eco-gastronomy in Bangli Regency, focusing on tourism revenue, job creation, and infrastructure investment through Interpretative Structural Modelling (ISM) and stakeholder interviews. Findings reveal that tourism revenue is the dominant factor driving local economic growth, influencing job opportunities and investment in infrastructure. However, challenges such as economic inequality, the dominance of large asset holders, and mismanagement of infrastructure hinder the sector’s full potential. While eco-gastronomy offers significant opportunities for enhancing local economic welfare, there is a need for improved governance, equitable benefit distribution, and sustainable management practices. Recommendations for future development emphasize fair, transparent policies, and targeted investments to ensure eco-gastronomy contributes to long-term sustainable growth and local community prosperity. Future research should adopt a multidisciplinary approach, involving marginalized communities, and focus on long-term socioeconomic and environmental impacts.

References

Akpan, I. J., Udoh, E. A. P., & Adebisi, B. (2022). Small business awareness and adoption of state-of-the-art technologies in emerging and developing markets, and lessons from the COVID-19 pandemic. Journal of Small Business and Entrepreneurship, 34(2), 123–140. https://doi.org/10.1080/08276331.2020.1820185

Al Halbusi, H., Alhaidan, H., Abdelfattah, F., Ramayah, T., & Cheah, J. H. (2024). Exploring social media adoption in small and medium enterprises in Iraq: pivotal role of social media network capability and customer involvement. Technology Analysis and Strategic Management, 36(9), 2052–2069. https://doi.org/10.1080/09537325.2022.2125374

Baber, H. (2020). Financial inclusion and FinTech: A comparative study of countries following Islamic finance and conventional finance. Qualitative Research in Financial Markets, 12(1), 24–42. https://doi.org/10.1108/QRFM-12-2018-0131

Candraningrat, I. R., Abundanti, N., Mujiati, N. W., Erlangga, R., & Jhuniantara, I. M. G. (2021). The role of financial technology on development of MSMEs. Accounting, 7(1), 225–230. https://doi.org/10.5267/j.ac.2020.9.014

Chyntia, P., & Rahmadanita, S. (2021). Pengaruh Konten Instagram Story Dan Persepsi Manfaat Terhadap Kepercayaan Zodiak (Studi Kasus Pengikut Instagram @Amrazing). MEDIALOG: Jurnal Ilmu Komunikasi, 4(1), 178–185. https://doi.org/10.35326/medialog.v4i1.988

Daud, I., Nurjannah, D., Mohyi, A., Ambarwati, T., Cahyono, Y., Haryoko, A. D. E., Handoko, A. L., Putra, R. S., Wijoyo, H., Ari-Yanto, A., & Jihadi, M. (2022). The effect of digital marketing, digital finance and digital payment on finance performance of indonesian smes. International Journal of Data and Network Science, 6(1), 37–44. https://doi.org/10.5267/J.IJDNS.2021.10.006

Erdin, C., & Ozkaya, G. (2020). Contribution of small and medium enterprises to economic development and quality of life in Turkey. Heliyon, 6(2), e03215. https://doi.org/10.1016/j.heliyon.2020.e03215

Hossain, N. (2023). A Comparative Analysis of Conventional and Modern Methods of Credit Risk Assessment in Financial Institutions : Implications for Micro , Small and Medium Enterprises ( MSMEs ) Submitted to : December.

Kulathunga, K., Ye, J., Sharma, S., & Weerathunga, P. . (2020). How does technological and financial literacy influence SME performance. Information (Switzerland), 11(297), 20.

Łasak, P. (2022). The role of financial technology and entrepreneurial finance practices in funding small and medium-sized enterprises. Journal of Entrepreneurship, Management and Innovation, 18(1), 7–34. https://doi.org/10.7341/20221811

Lu, Z., Wu, J., Li, H., & Nguyen, D. K. (2022). Local Bank, Digital Financial Inclusion and SME Financing Constraints: Empirical Evidence from China. Emerging Markets Finance and Trade, 58(6), 1712–1725. https://doi.org/10.1080/1540496X.2021.1923477

Markovic, S., Koporcic, N., Arslanagic-Kalajdzic, M., Kadic-Maglajlic, S., Bagherzadeh, M., & Islam, N. (2021). Business-to-business open innovation: COVID-19 lessons for small and medium-sized enterprises from emerging markets. Technological Forecasting and Social Change, 170(May), 120883. https://doi.org/10.1016/j.techfore.2021.120883

Pizzi, S., & Corbo, L. (2020). Fintech and Smes Sustainable Business Models: Reflections and Considerations for a Circular Economy. Baltic Journal of Management, 15(2), 141–147.

Pramono, R., Sondakh, L. W., Bernarto, I., Juliana, J., & Purwanto, A. (2021). Determinants of the Small and Medium Enterprises Progress: A Case Study of SME Entrepreneurs in Manado, Indonesia. Journal of Asian Finance, Economics and Business, 8(1), 881–889. https://doi.org/10.13106/jafeb.2021.vol8.no1.881

Pranata, N., Soekarni, M., Mychelisda, E., Novandra, R., Eko NUGROHO, A., Rifai, B., Buhaerah, P., Zulhamdani, M., & Rizki Dini YULIANA, R. (2022). Technology Adoption Issues and Challenges for Micro, Small and Medium Enterprises: A Case Study of the Food and Beverage Sub-Sector in Indonesia*. Journal of Asian Finance, 9(3), 265–0274. https://doi.org/10.13106/jafeb.2022.vol9.no3.0265

Setiawan, R. (2021). Small and medium sized enterprises’ contribution in digital technology.

Shoaib, H. M., Rafique, M. Z., Nadeem, A. M., & Huang, S. (2020). Impact of financial development on CO2 emissions: A comparative analysis of developing countries (D8) and developed countries (G8). Environmental Science and Pollution Research, 27(11), 12461–12475. https://doi.org/10.1007/s11356-019-06680-z

Suryanto, S., Rusdin, R., & Dai, R. M. (2020). Fintech As a Catalyst for Growth of Micro, Small and Medium Enterprises in Indonesia. Academy of Strategic Management Journal, 19(5), 1–12.

Downloads

Published

2024-10-02

How to Cite

Pambudi, B., Arafaf , W. ., Sudjana, I. M. ., & Ingkadijaya, R. . (2024). The Economic Impact of Eko-Gastronomy in Bangli: A Multidisciplinary Analysis. EScience Humanity Journal, 4(2), 530-545. https://doi.org/10.37296/esci.v4i2.175

Issue

Section

eScience Humanity Journal Volume 4 Number 2 may 2024