Abstract:
This study presents an empirical evidence concerning the comparison of the dynamics of competitiveness in the creative and manufacturing industries. It investigated the impact of the economic crisis on the competitive behavior of those industries. The samples were 42 firms taken from 3 sub-sectors of the creative industries and 3 sub-sectors of the manufacturing industries listed in IDX from year 2004 until 2010. This study used industrial entropy index to measure competitive interactions intra industries. The results showed that the magnitude competitiveness interactionss in the manufacturing industries in average were similar to the competitiveness interactionss in the creative industries;however, the competitiveness interactionss of the creative industries were much more than the competitiveness dynamics in the manufacturing industries. This study also provided the evidence that after the crisis, the competitiveness of the creative industries increased sharply, however it was not the case in the manufacturing industries. Furthermore, this paper discussed the five sources of strengths affecting the dynamics of competitiveness in the creative industries and also gave some suggestions for futher studies in this area.
Machine summary:
The Dynamics of Competitiveness in Creative and Manufacturing Industries in the Indonesia Stock Exchange (IDX) of Pre and Post Crisis *P.
Naomi Faculty of Economics and Business, University of Paramadina, Jakarta, Indonesia This study presents an empirical evidence concerning the comparison of the dynamics of competitiveness in the creative and manufacturing industries.
ABSTRACT: Keywords : Intellectual The dynamics of competitiveness, Industrial entropy index, Creative, Manufacturing, Industries, Economic crisis INTRODUCTION There are many countries all around the world which have become interested in the creative industries that would give more significant contribution to their national economy.
According to Potts, Cunningham, Hartley, and Ormerod (2008), the creative industries fit uneasily into this framework, because they shared many generic characteristics of the services economy and there was a large extent of an outgrowth of previous non-market economy of cultural goods and private imagination seeking new ways of seeing and representing the world Since 2007 Trade Department of Republic of Indonesia has been providing the study report of a creative industry mapping in Indonesia which is divided into 14 sub-sectors based on the academic research of Klasifikasi Baku Usaha Industri Indonesia (KBLI) analyzed by the Indonesian Statistics Bureau Centre (BPS- Statistics Indonesia) and other sources (creative & community associations, education and research institutions).
The result shows that after crisis, all of the sub-sector in creative industries increased sharply in the competitiveness interactions, but that was not the case in the manufacturing industries.