Article Per Year (5 Year)
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This Author published in this journals
All Journal Asean International Journal of Business
Yanto Sidik Pratiknyo
Universitas Terbuka
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Optimization of Cooperative Production Function in The Philippines And Indonesia Yanto Sidik Pratiknyo; Wilson Bangun; Zainur Hidayah; Roni Kambara
Asean International Journal of Business Vol. 2 No. 1 (2023)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/aijb.v2i1.439

Abstract

Purpose – The study aims to identify production function equation between labour and capital also optimal cost of labour and capital of the cooperatives. In order to raise the level of this research to be international, this study compares two countries, namely the Philippines and Indonesia by applying performances of cooperatives in both countries. Methodology/approach – Cobb Douglass production function equation of labour and capital is applied in this research. Optimal cost using partial differential equation also used between cost of wage of labour and cost of capital. Cooperatives in 15 regions in Philippines and 33 provinces in Indonesia were the object of the research Findings – Philippines has an increasing scale of return because the value of the constant is greater than one, on the other hand Indonesia has a declining scale of return. However, the two countries have in common that capital is correlated with cooperative output, while labour is not correlated with output significantly. Novelty/value – This study highlights the important of the use of economic analytical of the capital and labour to the cooperatives in Philippines and Indonesia. Both   cooperatives have significant correlation between output and capital, but did not correlate significantly to labour.
Co-Authors Hidayah, Zainur Roni Kambara Wilson Bangun