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All Journal JEJAK Journal of Economic Education INOVTEK Polbeng - Seri Informatika Biosaintifika: Journal of Biology & Biology Education EconBank : Journal Economics and Banking Bookchapter Ekonomi Universitas Negeri Semarang Economic Development Analysis Journal Komunitas: International Journal of Indonesian Society and Culture
Amelia, Dhea Rizky
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Agriculture, Biological Sciences & Forestry Computer Science & IT Economics, Econometrics & Finance Education Social Sciences

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Journal : Economic Development Analysis Journal

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Are Business Savings a Mediator for Culinary Tourism Development? Sumastuti, Efriyani; Amelia, Dhea Rizky; Indriasari, Ika
Economics Development Analysis Journal Vol 13 No 2 (2024): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v13i2.78980

Abstract

Culinary tourism significantly boosts local economies and enriches tourist experiences. This study investigates whether business savings mediate the relationship between financial literacy, profit, and culinary tourism development in Klaten, Central Java, Indonesia. Employing a quantitative approach with a case study design, the research involved 100 culinary business owners as respondents. Data were collected through questionnaires and interviews and analyzed using path analysis with SmartPLS 3.0. The findings reveal that financial literacy and profit influence business savings and culinary tourism development. Furthermore, business savings mediate the relationship between financial literacy, profit, and culinary tourism development. Specifically, higher financial literacy and profits lead to increased business savings, which then facilitate investment in infrastructure, innovation, marketing, and employee training, thereby enhancing the overall development of culinary tourism. These results provide a comprehensive understanding of the financial dynamics driving culinary tourism growth in Klaten. The study's implications include recommendations for policymakers, business owners, and financial institutions to design effective strategies and policies that support the sustainable growth of the culinary tourism sector.
Co-Authors Aini Nurul Bayu Rizky Pratama, Bayu Rizky Christina Litaay Daud, Dalila Efriyani Sumastuti Hadi, Caraka Indriasari, Ika I’tishom Al Khoiry Praatmana, Nanang Dwi Sucihatiningsih Dian Wisika Prajanti Sucihatiningsih DWP Talitha Widiatningrum Wahyuni, Nurul Arifah