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Analysis of Determining the Leading Sectors of the Regional Economy of Labuhan Batu Regency: LQ and Shift Share Approach Penus Leonard Roningsih Sinurat; Vivi Safira; Melvany Agustini Sinurat
Outline Journal of Economic Studies Vol. 4 No. 1: October - March 2025
Publisher : Outline Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61730/q8jvv015

Abstract

This study aims to analyze economic growth in Labuhan Batu Regency using the Gross Regional Domestic Product (GDP) as the main indicator. The methods used include Location Quotient (LQ) analysis to identify base and non-base sectors, as well as Shift Share analysis to evaluate the economic growth components of each sector between 2019 and 2023. The results of the analysis show that the Processing and Construction Industry sector is a base sector with an LQ value above one, while other sectors are classified as non-base, which shows the potential for competitiveness that has not been utilized. The secondary data used shows that the GDP of Labuhan Batu Regency is still small compared to the total GDP of North Sumatra Province, indicating the need for a more effective development strategy to increase regional economic growth.
Optimalisasi Sumber Daya Alam untuk Meningkatkan Ekonomi Kota Medan Bonaraja Purba; Vivi Safira; Mentari Rezeki Ramadhani; Meutia Fahrani; Zulfa 'Afifah
Economic Reviews Journal Vol. 3 No. 3 (2024): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v3i3.310

Abstract

This research aims to evaluate the use of Medan City's natural potential as the main driver of the economy. As a country that has abundant natural wealth, Medan has a great opportunity to direct economic growth in a more advanced and sustainable direction. Through a qualitative approach, this research explores various literature sources, including data from BPS, scientific journals, and other related literature. These findings highlight that although various programs and policies have been implemented, optimal use of natural resources in Medan, especially in the Fisherman's Village area, is still far from expectations. This fact is reflected in the low income of traditional fishing communities which only reaches around Rp. 1,429,551 per month. Therefore, this research emphasizes the need for more effective strategies in managing natural resources so that they can have a significant positive impact on the economy in Medan City.