INSTITUTIONAL DESIGN AND TRANSACTION COSTS TOWARD THE GROWTH OF CREATIVE ECONOMY IN MAKASSAR, SOUTH SULAWESI, INDONESIA by Zulkarnain Basir, Basri Hasanuddin, Muhammad Yusri Zamhuri, Muh. Sharkawi Rauf, Scientific Research Journal (Scirj), Volume V, Issue VII, July 2017 Edition

Scirj Volume V, Issue VII, July 2017 Edition
ISSN: 2201-2796

INSTITUTIONAL DESIGN AND TRANSACTION COSTS TOWARD THE GROWTH OF CREATIVE ECONOMY IN MAKASSAR, SOUTH SULAWESI, INDONESIA

Zulkarnain Basir, Basri Hasanuddin, Muhammad Yusri Zamhuri, Muh. Sharkawi Rauf

Abstract: Creative economy (creative industry) is economic activities that developing in the new economic era where information, creativity, ideas, and stock of knowledge as the main support and positioning of human resources (HR). In Indonesia, the creative industry has been with us since a long time. However, due to the government support and attention, the creative economy now plays important contribution to the growth. One of many cities in Indonesia that has a great potential of creative economy is Makassar, South Sulawesi. However, studies that examine the creative economy in this city have been limited. For this reasons, this study aims to examine several variables that allegedly affect the growth of creative economy. These variables are specifically institutional design and transaction costs. Using partial least square method, the study found that the better institutional design of the creative economy, it can improve growth of creative economy. Similarly, the lower transaction costs incurred by creative industry players, this will encourage the growth of creative economy.

Reference this Paper: INSTITUTIONAL DESIGN AND TRANSACTION COSTS TOWARD THE GROWTH OF CREATIVE ECONOMY IN MAKASSAR, SOUTH SULAWESI, INDONESIA by Zulkarnain Basir, Basri Hasanuddin, Muhammad Yusri Zamhuri, Muh. Sharkawi Rauf published at: "Scientific Research Journal (Scirj), Volume V, Issue VII, July 2017 Edition, Page 22-26 ".

Search Terms: Creative economy, institutional design, transaction costs, partial least square, Makassar

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