Policy response in subosukowonosraten regional competitiveness in Central Java Province
Keywords:
Regional competitiveness, Business dynamics, Sustainable economic growthAbstract
This study evaluates the indicators of regional competitiveness of the Subosukowonosraten region in Central Java, focusing on Surakarta City, Wonogiri Regency, Boyolali Regency, Sragen Regency, Sukoharjo Regency, Klaten Regency, and Karanganyar Regency. Indicators include business dynamics, innovation capacity, technological readiness, institutions, infrastructure, regional economy, health, education and skills, product market efficiency, employment, access to finance, and market size, with a rating scale from 1 to 5. The results of the analysis show that the Subosukowonosraten region has high potential in most of the assessed aspects, such as business dynamics, innovation, technology, and product market efficiency. However, there is a need to improve education, skills, and access to finance. These findings can be used as a basis for developing public policies aimed at improving economic growth and community welfare. Policy recommendations include infrastructure development, improving access to finance, improving the quality of education and skills, and supporting innovation and technology. With these measures, the region is expected to achieve sustainable economic growth and improve the quality of life of its residents.
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