The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia

This research investigates tourism foreign direct investment in North Sumatra, Indonesia. The key factors influence the investment decision in the tourism sector by use of horizontal strategy (also called a market-seeking), resource and efficiency strategy and business facilitation (also called a ve...

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Main Author:	Parhimpunan Simatupang
Format:	Thesis
Language:	English English
Published:	2022
Subjects:	G154.9-155.8 Travel and state Tourism HC94-1085 By region or country
Online Access:	https://eprints.ums.edu.my/id/eprint/40525/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/40525/2/FULLTEXT.pdf
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id	my-ums-ep.40525
record_format	uketd_dc
spelling	my-ums-ep.405252024-09-24T04:29:21Z The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia 2022 Parhimpunan Simatupang G154.9-155.8 Travel and state. Tourism HC94-1085 By region or country This research investigates tourism foreign direct investment in North Sumatra, Indonesia. The key factors influence the investment decision in the tourism sector by use of horizontal strategy (also called a market-seeking), resource and efficiency strategy and business facilitation (also called a vertical strategy). It also examines how the existing investment in North Sumatra tourism has an impact on economic growth in North Sumatra which can still be said to be far from the enormous tourism potential. The research used multy methods with qualitative and quantitative approaches. Quantitative data obtained by surveying 250 respondents who are tourism services providers including tourism and hospitality business sector-accommodation and restaurants (178 respondents), travel agents and tours operators (62 respondents) and tourist guide services (10 respondents). Quantitative data analysis method used in this research is multiple regression. It also added the interview from 4 key informants, to get data from the government’s point of view and can be verification of quantitative data findings from agencies/institutions related to tourism in North Sumatra. The results of this research show that the three variables, namely horizontal strategy, resource efficiency strategy, also business facilitation have a positive and significant effect on tourism foreign direct investment. This research also proves that the economic growth factor influenced by the presence of tourism foreign direct investment. Meanwhile, the results of the survey and the interview, show that the increase in the quality of human resources and the quality of company management is an indicator of economic growth that is most affected by the existence of tourism foreign direct investment. This research shows that the results support or strengthen the theory of investment, mainly foreign direct investment which has an impact on economic growth. For the government of North Sumatra, this research can be used as a consideration for evaluating policies on investment in tourism. Future research would be better if we add comparators for two regions that have different conditions of tourism potential and other per capita income. It will provide an overview of the weaknesses and strengths in the development of tourism in the area and its impact on economic growth. 2022 Thesis https://eprints.ums.edu.my/id/eprint/40525/ https://eprints.ums.edu.my/id/eprint/40525/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/40525/2/FULLTEXT.pdf text en validuser dphil doctoral Universiti Malaysia Sabah Faculty of Business, Economics and Accountancy
institution	Universiti Malaysia Sabah
collection	UMS Institutional Repository
language	English English
topic	G154.9-155.8 Travel and state Tourism HC94-1085 By region or country
spellingShingle	G154.9-155.8 Travel and state Tourism HC94-1085 By region or country Parhimpunan Simatupang The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia
description	This research investigates tourism foreign direct investment in North Sumatra, Indonesia. The key factors influence the investment decision in the tourism sector by use of horizontal strategy (also called a market-seeking), resource and efficiency strategy and business facilitation (also called a vertical strategy). It also examines how the existing investment in North Sumatra tourism has an impact on economic growth in North Sumatra which can still be said to be far from the enormous tourism potential. The research used multy methods with qualitative and quantitative approaches. Quantitative data obtained by surveying 250 respondents who are tourism services providers including tourism and hospitality business sector-accommodation and restaurants (178 respondents), travel agents and tours operators (62 respondents) and tourist guide services (10 respondents). Quantitative data analysis method used in this research is multiple regression. It also added the interview from 4 key informants, to get data from the government’s point of view and can be verification of quantitative data findings from agencies/institutions related to tourism in North Sumatra. The results of this research show that the three variables, namely horizontal strategy, resource efficiency strategy, also business facilitation have a positive and significant effect on tourism foreign direct investment. This research also proves that the economic growth factor influenced by the presence of tourism foreign direct investment. Meanwhile, the results of the survey and the interview, show that the increase in the quality of human resources and the quality of company management is an indicator of economic growth that is most affected by the existence of tourism foreign direct investment. This research shows that the results support or strengthen the theory of investment, mainly foreign direct investment which has an impact on economic growth. For the government of North Sumatra, this research can be used as a consideration for evaluating policies on investment in tourism. Future research would be better if we add comparators for two regions that have different conditions of tourism potential and other per capita income. It will provide an overview of the weaknesses and strengths in the development of tourism in the area and its impact on economic growth.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Parhimpunan Simatupang
author_facet	Parhimpunan Simatupang
author_sort	Parhimpunan Simatupang
title	The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia
title_short	The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia
title_full	The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia
title_fullStr	The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia
title_full_unstemmed	The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia
title_sort	impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in north sumatra, indonesia
granting_institution	Universiti Malaysia Sabah
granting_department	Faculty of Business, Economics and Accountancy
publishDate	2022
url	https://eprints.ums.edu.my/id/eprint/40525/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/40525/2/FULLTEXT.pdf
_version_	1811770523877638144

The impact of horizontal strategy, resource efficiency and business facilitation in tourism foreign direct investment towards local economic growth in North Sumatra, Indonesia

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