Conducting Labuan Bajo Tourism Development Study, Edhie Baskoro Yudhoyono Receives Doctoral Degree from IPB University


Edhie Baskoro Yudhoyono, son of Susilo Bambang Yudhoyono, the 6th President of the Republic of Indonesia has successfully completed his doctoral promotion session, 10/6.  Edhie is listed as a student of the Doctoral program of Management and Business Studies Program, IPB University Business School.

During his promotion session, Ibas, as he is known, presented the results of his field research on Financing and Investment Strategies for Sustainable and Inclusive Integrated Tourism Development.  This member of the House of Representatives from the Democratic Faction conducted research with a case study of tourism in Labuan Bajo.  The research was supervised directly by Prof. Hermanto Siregar, Prof. Noer Azam Achsani and Dr. Tony Irawan.

Ibas chose Labuan Bajo because Labuan Bajo is one of the super priority tourism destinations and is categorized as super premium tourism.  Therefore, in maximizing its potential, it must be balanced with appropriate financing and investment policies.

Ibas explained that the research he conducted was aimed at identifying types of businesses and mapping the obstacles they face;  analyze the financial performance of business actors;  analyze the factors that affect the income of business actors;  analyze the estimated impact of tourism on the economy and welfare;  and formulate appropriate financing and investment strategies for sustainable and inclusive integrated tourism in the Labuan Bajo Tourism Area.

The methods used are descriptive analysis, analysis of income and financial ratios, multiple regression (ordinary least squares), simultaneous equation system, and Analytical Hierarchy Process (AHP).

"From my research, the majority of micro-scale business actors are engaged in food and beverage providers, and are in the form of individual businesses," he said.

In addition, said Ibas, business actors have a fairly good financial performance, but are not yet efficient in managing current assets.  He also mentioned that there were 13 variables that had a significant effect on the income of business actors.  These variables are education level, form of business, type of business, business scale, business location, distance from residence to business location, number of employees, amount of initial capital, sources of capital, financial access, technology adoption, organizational participation and business partnerships.

 

 Through his research, Ibas found that increasing investment has the strongest impact in improving the economy and welfare.  According to him, financing and investment strategies need to be prepared by involving the opinions of experts and policy makers at the national level.

"Financing and investment strategies are prioritized over government initiatives which are expected to encourage other financing mechanisms through a combination of the private sector, PPP (government and business entity cooperation), banking, and non-bank financial institutions," said Ibas, who today received his Doctorate degree from  IPB University.

Furthermore, Ibas explained, the managerial implications include the need for an integrated, sustainable and inclusive tourism master plan, as well as implementing a four-track strategy (pro-growth, pro-jobs, pro-poor, and pro-environment) that pays attention to the 3C (National Connectivity) aspects.  , Regional Cycle and Global Cycle).  Not only that, improving the quality of human resources (HR) through infrastructure and curriculum strengthening.

Meanwhile, in terms of infrastructure and technology, it is necessary to strive for big data management, infrastructure and public facilities development, technology development and tourism support applications.

"It is necessary to increase the government budget, private investment, and strengthen the role of bank and non-bank financial institutions," he concluded.

From his research, Ibas has succeeded in publishing four articles in scientific journals, one of which is a Scopus indexed journal.

Prof. Hermanto Siregar, Chairman of the Advisory Commission, stated that the research conducted by Ibas was a comprehensive research.  According to him, the research discusses from micro, macro and even leads to the level of policy making.

 

 “Congratulations to Brother Ibas for his achievement in obtaining a doctorate degree, even though he is busy with various jobs, Brother Ibas always strives to enter college so that his attendance at lectures is 100 percent.  Once again, congratulations to Brother Ibas," said Prof. Hermanto Siregar, an economic expert at IPB University.

The 6th President of the Republic of Indonesia, Susilo Bambang Yudhoyono (SBY), also appreciated Ibas's achievements in obtaining a doctorate degree.  SBY, who is also an alumnus of IPB University from the field of Agricultural Economics, emphasized that by paying attention to the research carried out by his son, economic development must be carried out while still paying attention to environmental aspects.  Not only that, development must also consider the social justice of the local community.

On the same occasion, he also hopes for IPB University.  “IPB University must continue to maintain its reputation as a superior university.  After all, IPB University must be at the forefront of developing food security and all things about food," he concluded.

Regarding investment, Investment Minister Bahlil Lahadalia, who was also present at the Doctoral Promotion Session, said about inclusive investment in tourism areas, in line with the direction of government policies.  He further explained that the national economic growth, its contribution comes from 70 percent of consumption and 30 percent of investment.

"It is impossible for our economic growth to skyrocket more than five percent if it is not supported by investment," said Bahlil.

The dissertation written by Ibas, he said, gives an illustration that what Ibas thinks in an academic context is in line with what the government does.  He plans, the results of the dissertation will be used as a consideration by the government.

Meanwhile, the Coordinating Minister for Economic Affairs, Airlangga Hartanto explained, the Labuan Bajo area which was the research location for Ibas' dissertation material was an international standard tourism area.  On the other hand, tourism development in Labuan Bajo is directed to marine tourism and ecotourism.

"Ecotourism to be built carries the concept of sustainable tourism, which is expected to support environmental conservation, increase community participation in conservative management," said Airlangga.  (RA) (IAAS/SYA)



Published Date : 11-Jun-2021

Resource Person : Edhie Baskoro Yudhoyono, Prof Hermanto Siregar, Bahlil Lahadalia, Airlangga Hartanto

Keyword : Labuan Bajo, Ibas, Edhy Baskoro Yudhoyono, doctor of management and business IPB, IPB lecturer, IPB student

SDG : SDG 4 - QUALITY EDUCATION, SDG 14 - LIFE BELOW WATER, SDG 15 LIFE ON LAND