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Eddy Suprapto
Universitas Brawijaya
Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

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Economic Valuation of Taman Wisata Air Wendit (TWAW) in Malang Regency: A Travel Cost Method Shofwan Shofwan; Putri Haryati Sianturi; Eddy Suprapto
Journal of International Conference Proceedings (JICP) Vol 5, No 2 (2022): BEFIC Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i2.1707

Abstract

As part of the results of utilizing the non-physical side such as natural beauty, fresh air, interesting experiences, and used water sources, nature tourism is an activity that is right to get the above benefits. The research problem is the value of Taman Wisata Air Wendit (TWAW) and the facilities that surround it and aims to analyze the implications of the economic value of TWAW on the welfare of the surrounding community. The travel cost method (TCM is expected to illustrate the surplus of benefits from consumer spending who enjoys TWAW. An individual's experience of being willing to pay to get the benefits of TWAW by variables consisting of distance, income, transportation costs and number of groups. From the estimation results, it can be found that the distance and income of visitors play a significant role in encouraging decision-making to visit TWAW. This has an impact on the high results of the economic valuation which is calculated to reach Rp. 158,081,234,97 per year. The findings also suggest that managers improve facilities and infrastructure to open the potential for additional volume of visits and have implications for increasing TWAW's economic valuation in the future.Keywords: Economic Valuation; Malang Regency; Taman Wisata Air Wendit (TWAW); Travel Cost Method
The Economic Impact Analysis of Infrastructure Development in East Java: Do Roads Drive Growth? Rachmad Kresna Sakti; Eddy Suprapto; Axellina Muara Setyanti
Journal of International Conference Proceedings (JICP) Vol 5, No 2 (2022): BEFIC Conference Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v5i2.1975

Abstract

Infrastructure development is considered as a locomotive that accelerates the pace of the economy in a region. The success of the development process is generally measured by economic growth. This study aims to analyze the effect of road infrastructure development on the economic growth of districts/cities in East Java and identify differences in the economic growth of East Java districts/cities before and after road infrastructure development. To answer the first research objective, panel data regression was used in 38 districts/cities in East Java with the dependent variable being economic growth, and the independent variable measuring the availability of infrastructure. Furthermore, to answer the second research objective, paired t-test was used. Road infrastructure, as well as government spending on public services and capital were found affecting economic growth at a decreasing rate. Tax revenue found to boost economic growth, implying that tax still one of the main instrument driving growths. Lastly, during the development of infrastructure, no significant difference has been found in economic growth. Indicates that the development effect on growth is a long-term effect. The results contribute to the discussion regarding the determinants of regional economic growth and how development can affect the economic growth of one or more regions. Keywords: Economic Growth, Infrastructure, East Java.
Co-Authors Axellina Muara Setyanti Putri Haryati Sianturi Rachmad Kresna Sakti Shofwan Shofwan