Oikonomika: Jurnal Kajian Ekonomi dan Keuangan Syariah
Vol. 5 No. 1 (2024): OIKONOMIKA : Jurnal Kajian Ekonomi dan Keuangan Syariah

Strategies to Inelasticize the Halal Food Industry in Indonesia

Bawono, Anton (Unknown)
Waluyo, Agus (Unknown)
Widiyanto, Asfa (Unknown)



Article Info

Publish Date
01 Sep 2024

Abstract

This research has three main objectives. First, to analyze the potential and prospects of the halal food industry in Indonesia. Second, analyze the elasticity of the halal food industry in Indonesia. Finally, formulate a strategy to inelasticize the halal food industry in Indonesia. The research approach used in this study is mixed methods, which combines quantitative and qualitative research. There are several important findings in this study. First, the potential and projection of the halal food industry in Indonesia, which is based on estimates for 2021, continues to grow. Second, the factors that influence the demand for halal food in Indonesia are income, price, advertising, and halal labeling, and the highest -lowest short-term elasticity values are price elasticity, halal labeling, advertising, and income. Finally, the strategy to inelasticize the halal food industry in Indonesia is divided into two, namely priority strategies and supporting strategies. Priority strategies include: Maintain the stability of people's income; Increase production efficiency (technical efficiency and price efficiency); Improve the quality of Human Resources (HR) and technology improvement; Application of tax incentives; Improving the quality and quantity of advertising; Socialization of halal labeling; Halal certification management; Development of halal supply; Development of halal logistics. Supporting strategies consisting of Need for innovation in the development of halal food industry products; Guarantee of legal certainty and quality of halal food products; Increased ease of location and access; Service innovation; Improved facilities.

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Journal Info

Abbrev

oikonomika

Publisher

Subject

Economics, Econometrics & Finance

Description

Aim The Journal is dedicated to building a platform for academicians, researchers, authors, and those who interested in Islamic economics and finance studies to share, discuss, evaluate, and distribute their work and opinions. Scope This journal focuses on Islamic economics and Islamic finance ...