The Government Support Model on the Development of SMEs in West Sumatera Province. Indonesia

Small and Medium Enterprises is one of the priorities in economic development in Indonesia. West Sumatra has areas with unique creative industries based on livestock production. The development of the creative industry which has high additional value to product prices needs greater attention so that...

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Bibliographic Details
Published in:IOP conference series. Earth and environmental science 2021-05, Vol.757 (1), p.12005
Main Authors: Rahmi, E, Yuzaria, D
Format: Article
Language:English
Subjects:
Creative industries
Economic development
External Factors
Internal Factors
Livestock
Livestock production
Multivariate statistical analysis
Performance enhancement
Policies
Public policy
Small & medium sized enterprises-SME
Small business
SMEs
Structural Equation Modeling
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Summary:Small and Medium Enterprises is one of the priorities in economic development in Indonesia. West Sumatra has areas with unique creative industries based on livestock production. The development of the creative industry which has high additional value to product prices needs greater attention so that it can grow. The SMEs that are the focus are those based on creative industries, there are culinary SMEs made from beef and poultry products. This study aimed to develop a government support model to determine the factors that influence the development of SMEs, so that the factors that influence the development of SMEs can be identified. The analysis method used was partial least square-structural equation modeling (PLS-SEM). The findings of this study are government policies have a direct influence on the internal factors of SMEs, but do not have a direct effect on SMEs’ performance. More intensive and more focused policies are still needed to improve the performance of SMEs.
ISSN:1755-1307
1755-1315
DOI:10.1088/1755-1315/757/1/012005