Jurnal Ilmu Ekonomi
Vol. 10 No. 01 (2026): Jurnal Ilmu Ekonomi

Economic Feasibility of Traditional Market Development in The Archipelago Area On Sebuku Island, South Kalimantan

Surti (Unknown)
Riswandha, Mohammad Adhiya (Unknown)
Abdi, Chairul (Unknown)
Firmansyah, Muhammad (Unknown)
Mazaya, Gusti Ihda (Unknown)



Article Info

Publish Date
01 Feb 2026

Abstract

This study analyzes the economic feasibility of Sebuku Market development through demand-side analysis in a disadvantaged archipelago region of South Kalimantan. Using a cross-sectional survey design with 262 respondents through stratified random sampling, the research employs multiple linear regression to identify spatial demand determinants. Results reveal exceptionally high public support (a 97% approval rate) and strong shopping interest (a mean score of 4.52/5.0). The regression model demonstrates excellent explanatory power (R² = 0.717, F = 71.342, p < 0.001), with seven market attributes and two control variables significantly influencing demand. Product quality exhibits the highest elasticity (β=0.243), followed by service quality (β=0.221), price affordability (β=0.198), and physical infrastructure (β=0.189). The distance variable shows negative elasticity (β = -0.112), confirming the presence of spatial constraints. Economic projections indicate annual turnover of Rp60 billion, aggregate income multiplier effect of Rp16.3 billion/year, and benefit-cost ratio of 1.63 in year one. The study validates market infrastructure as an effective growth pole for inclusive regional development, providing evidence-based policy recommendations to optimize investment in archipelagic contexts.

Copyrights © 2026






Journal Info

Abbrev

jie

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Ilmu Ekonomi, aims to bridge the gap between research and practice, providing information, ideas and opinion, in addition to critical examinations of advances in economic research. Through the coverage of policy and economic developments, the latest results of research into the assessment of ...