THE EFFECT OF SHRIMP TRADE COMPETITIVENESS ON SUSTAINABLE ECONOMICS
DOI:
https://doi.org/10.32477/semnas.v4i1.1327Keywords:
Competitiveness, Shrimp Trade, Sustainable Economy.Abstract
Shrimp is one of the main commodities in the global fisheries trade. As the value and volume of shrimp trade continues to increase, factors that shape the competitiveness of shrimp trade should contribute to a sustainable economy. This study will use the SEM (Structural Equation Model) test method to examine the effect of shrimp export competitiveness on the sustainable economies of countries. Additional analysis will also involve cluster analysis (K-Mean Cluster or Hierarchical Cluster) to map countries according to the IDSEU index and their sustainable economic performance. The results of the study show that the variables of state and business governance have a high value in influencing sustainable economic variables. The test results also show that countries that are major players in global shrimp trade have high competitiveness but show low sustainable economic performance. Therefore, the role of the government is very necessary, not only to support competitiveness improvement aimed at increasing exports but also to continue to adhere to the principles of sustainable economics.
References
Arifin, B. (2013). On the Competitiveness and Sustainability of the Indonesian Agricultural Export Commodities.
Bruneckiene, J., & Paltanaviciene, D. (2012). Measurement of Export Competitiveness of the Baltic States by Composite Index. Engineering Economics, 23(1), 50–62. https://doi.org/10.5755/j01.ee.23.1.1218
Dana, K., Beata, Š., & Gombár, M. (2022). Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices. Sustainability, 14(13), 7893. https://doi.org/10.3390/su14137893
DiStefano, Christine; Zhu, Min; dan Mîndrilă, Diana. 2009. Understanding and Using Factor Scores: Considerations for the Applied Researcher. Practical Assessment, Research & Evaluation, Vol. 14, ISSN 1531-7714. University of South Carolina.
EIB. (2016). Restoring EU competitiveness. https://www.eib.org/attachments/efs/restoring_eu_competitiveness_en.pdf
European Commission. Joint Research Centre. (2016). Competitiviness and sustainable developement goals. Publications Office. https://data.europa.eu/doi/10.2788/64453
Export Competitiveness: Reversing the Logic. (2010, October 20). HBS Working Knowledge. http://hbswk.hbs.edu/item/export-competitiveness-reversing-the-logic
FAO Yearbook. Fishery and Aquaculture Statistics 2019/FAO annuaire. Statistiques des pêches et de l’aquaculture 2019/FAO anuario. Estadísticas de pesca y acuicultura 2019. (2021). FAO. https://doi.org/10.4060/cb7874t
Francesco Maria Chellia, Mariateresa Ciommia, Chiara Gigliarano, (2013), The Index of Sustainable Economic Welfare: A Comparison of Two Italian Regions, Procedia - Social and Behavioral Sciences 81, p. 443 – 448.
Gillespie, G. (2012). Thoughts on John Ikerd’s The Essentials of Economic Sustainability. Journal of Agriculture, Food Systems, and Community Development, 269–274. https://doi.org/10.5304/jafscd.2012.031.019
Harkell, L. (2020, February 11). China becomes world’s biggest shrimp importer by volume. China Seafood Expo. https://chinaseafoodexpo.com/china-becomes-worlds-biggest-shrimp-importer-by-volume/
Johann, G. B., Silva, G., Mazzioni, S., & Casagrande, R. M. (2022). Sustainability Practices, Performance and Competitiveness in the Export Furniture Industry Management. Ambiente & Sociedade, 25, e00292. https://doi.org/10.1590/1809-4422asoc20210029r2r1vu2022l3oa
Krugman, P. (1994). Competitiveness: A dangerous Obsession. Foreign Affairs, 73, 10. http://dx.doi.org/10.2307/20045917
Mooil, Erik dan Sarstedt, Marko. 2011. A Concise Guide to Market Research The Process, Data, and Methods Using IBM SPSS Statistics. London: Springer.
OEC. (2020). Shrimps and prawns, frozen | OEC. OEC - The Observatory of Economic Complexity. https://oec.world/en/profile/hs/shrimps-and-prawns-frozen
Palma, E., Gomes, C., Kneipp, J., & Rosa, L. (2014). Sustainable strategies and Export Performance: An analysis of companies in the gems and jewelry industry. Review of Business Management. https://doi.org/10.7819/rbgn.v16i50.1456
Remeikienė, R., Gasparėnienė, L., & Sadeckas, A. (2019). The determinants of the competitiveness of Lithuanian export: Macroeconomic approach. Business: Theory and Practice, 20, 170–178. https://doi.org/10.3846/btp.2019.16
Rubel, H., WOODS, W., PEREZ, D., & UNNIKRISHNAN, S. (2020). A Strategic Approach to Sustainable Shrimp Production In India. Boston Consulting Group.
Statista.com. (2021). U.S. share of shrimp imports by major exporter, 2019. Statista. https://www.statista.com/statistics/197268/us-shrimp-imports-from-major-exporters-by-volume/
Walter R Keithly, J., & Song, Y. (2004). A Review of World shrimp Production and Trade: 1980-93. AquaDocs.
