•  
  •  
 

Creative Commons License

Creative Commons Attribution-Share Alike 4.0 International License
This work is licensed under a Creative Commons Attribution-Share Alike 4.0 International License.

Abstract

The COVID-19 pandemic has significantly impacted global community and economy. As the pandemic began to subside, the government initiated various strategies for economic recovery. Investment is one of the policy instruments to improve the local economy. The Investment and One-Stop Integrated Service Agency (DPMPTSP), hereafter coined the Department of Investment, has implemented different strategies to achieve regional investment targets. Data indicate a decline in Foreign Direct Investment (FDI) due to the pandemic, however, an increase in Direct Investment (DI) is also observed, contributing to the achievement of investment targets. This study aims to examine the strategies applied by the Department of Investment of Lebak District to achieve these targets. A qualitative descriptive approach was employed, while data were collected through in-depth interviews and documentation. Data analysis was conducted using ATLAS.ti software by coding data, opening a network, and drawing conclusions from collected data. The results reveal a "downstreaming" strategy for integrated investment services, which includes: Investment Information System, Investment Forum, approach through the Head of District, and Ease of Service for prospective investors (upstream) and existing investors to obtain Business Identification Numbers (NIB), make investments, and complete the Investment Activity Report (LKPM) (downstream). This study contributes to developing public sector innovation in investment. Future research can explore the correlation of investment achievements with labor absorption and regional income in Lebak District.

References

Adiyanto, Y. (2018). Promotion Strategy Analysis in Tourism Development in Lebak Regency of Banten. Jurnal Sains Manajemen, 4(2), 83–93.

Amin, R. M., Febrina, R., & Wicaksono, B. (2021). Handling COVID-19 from a Collaborative Governance Perspective in Pekanbaru City. Jurnal Bina Praja, 13(1) 1–13. https://doi.org/10.21787/jbp.13.2021.1-13

Andryeyeva, N., Tiutiunnyk, H., Burkynskyi, B., Khumarova, N., & Kupinets, L. (2020). Methodological Approach of Investment and Innovation Regional Environmental Policy Using The Smart Specialization and Quintuple Helix Models. Ekonomia I Srodowisko, 3(74), 53–80. https://doi.org/10.34659/2020/3/24

Ansell, C., & Gash, A. (2007). Collaborative governance in theory and practice. Journal of Public Administration Research and Theory, 18(4), 543–571. https://doi.org/10.1093/jopart/mum032

Astuti, R. S., Warsono, H., & Rachim, A. (2020). Collaborative Governance in Public Administration Perspective (1st ed.). Program Studi Doktor Administrasi Publik.

Barsei, A. N., Nugroho, S. A., Ghassani, G. A., & Trianita, L. N. (2023). Digital Innovation in Sumedang Regency Government to Encourage Open Government. Matra Pembaruan, 7(2), 99–110. https://doi.org/10.21787/mp.7.2.2023.99-110

BKPM. (2021, January 25). Reach 2020 Investment Target. Bahlil: Outside of Java Exceeds Java. Ministry of Investment/BKPM. Kementerian Investasi/BKPM. https://www.bkpm.go.id/id/publikasi/siaran-pers/readmore/2413001/68601

BPS. (2022). Kabupaten Lebak dalam Angka 2022.

Bryson, J. M., Crosby, B. C., & Stone, M. M. (2015). Designing and Implementing Cross-Sector Collaborations: Needed and Challenging. Public Administration Review, 75(5), 647–663. https://doi.org/10.1111/puar.12432

Chasanah, N., Restianto, Y. E., Iskandar, D., & Dinanti, A. (2020). Geographical Information System Investment Map of Cilacap Regency. Dinamika Rekayasa, 16(1), 49–60. https://dinarek.unsoed.ac.id/jurnal/index.php/dinarek/article/view/322/pdf

Crescenzi, R., di Cataldo, M., & Giua, M. (2021). FDI inflows in Europe: Does investment promotion work?. Journal of International Economics, 132. https://doi.org/10.1016/j.jinteco.2021.103497

Creswell, J. W., & Creswell, D. J. (2018). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (5th ed.). SAGE Publication.

Darmawan, A. D. (2024, April 20). 8.68% of the population in Lebak Regency is in the poor category. Databoks. https://databoks.katadata.co.id/datapublish/2024/04/20/8-68-penduduk-di-kab-lebak-masuk-kategori-miskin

Davydenko, N., & Skrypnyk, G. (2022). Investment Strategy of The Enterprise and Peculiarities of Its Formation in Modern Conditions. Economic and Business Management, 14(3), 5–17. https://doi.org/10.31548/economics13(3).2022.3-14

Dellis, K., Sondermann, D., & Vansteenkiste, I. (2017). Working Paper Series Determinants of FDI inflows in advanced economies: Does the quality of economic structures matter? https://doi.org/10.2866/85838

Ekoprianto, A., Rahmanita, M., Brahmantyo, H., Tinggi, S., & Trisakti, P. (2021). The Strategy for Developing a Tourism Village in the Area of the Serang-Panimbang Exit Toll Road. Jurnal Sains Sosio Humaniora P-ISSN, 5, 2580–1244. https://online-journal.unja.ac.id/JSSH/article/view/14166

Emerson, K., & Nabatchi, T. (2015). Collaborative Governance Regime. Georgetown University Press.

Fang, J., Collins, A., & Yao, S. (2021). On the global COVID-19 pandemic and China’s FDI. Journal of Asian Economics, 74. https://doi.org/10.1016/j.asieco.2021.101300

Gading, S. (2024, March 21). Latest News from the 83.57 Km Serang-Panimbang Toll Road Project. Detik Finance. https://finance.detik.com/infrastruktur/d-7254794/kabar-terbaru-dari-proyek-tol-serang-panimbang-83-57-km

Government Bureau of Banten Province. (2018). Profile of Lebak Regency. Pemerintah Provinsi Banten. https://biropemerintahan.bantenprov.go.id/profil-kabupaten-lebak

Halim, A. (2007). Regional Financial Accounting (3rd ed.). Salemba Empat.

Hamzah, Z. Z., & Anggraeni, N. S. (2021). The Effect of Total Population, Investment, and Regional Taxes on Regional Original Revenues of Bogor Regency for the 2016-2019 Period. Jurnal Economicus, 15(2), 124–135.

Harahap, N. (2020). Qualitative Research Methodology. Wal Ashri Publishing.

Hardani, Andriani, H., Ustiawaty, J., Utami, E. F., Istiqomah, R. R., Fardani, R. A., Sukmana, D. J., & Auliya, N. H. (2020). Qualitative and Quantitative Research Methods (1st ed.). Pustaka Ilmu.

Haryanto, R., Manaf, A., & Priambudi, B. N. (2020). The level of community readiness in Semarang Regency for online single submission of building permits. IOP Conference Series: Earth and Environmental Science, 562(1). https://doi.org/10.1088/1755-1315/562/1/012008

Hidayah, L. N. (2015). Jambi Regional Regulations within the Scope of Regulations in the Sector of Investment in Indonesia. Jurnal Ilmu Hukum, 80–91.

Hidayat, S. (2021). The Impact of Serang-Panimbang Toll Road Construction on the Banten and National Economy (Input-Output Interregional Analysis). Jurnal Bina Bangsa Ekonomika, 14(02), 393–405. https://doi.org/10.46306/jbbe.v14i2

Hill, M., & Hupe, P. (2014). Implementing Public Policy (3rd Edition). SAGE.

Hillman, A. L. (2009). Public Finance and Public Policy: Responsibilities and Limitations of Government. Cambridge University Press.

Hunger, J. D., & Wheelen, T. (2018). Strategic Management and Business Policy: Globalization, Innovation and Sustainability (15th Ed). Pearson Educations Limited.

Ibidunni, A. S., Kolawole, A. I., Olokundun, M. A., & Ogbari, M. E. (2020). Knowledge transfer and innovation performance of small and medium enterprises (SMEs): An informal economy analysis. Heliyon, 6(8). https://doi.org/10.1016/j.heliyon.2020.e04740

Ichwanudin, W. (2019). Increasing Regional Financial Independence Through Regional Potential Development in Lebak Regency. Tirtayasa Ekonomika, 14(2). https://doi.org/http://dx.doi.org/10.35448/jte.v14i2.6481

Kartasheva, A. V. (2012). Design of investment promotion policies. International Journal of Industrial Organization, 30(2), 127–136. https://doi.org/10.1016/j.ijindorg.2011.04.005

Kasemharuethaisuk, H., & Samanchuen, T. (2023). Factors Influencing Behavior Intention in Digital Investment Services of Mutual Fund Distributors Adoption in Thailand. Sustainability (Switzerland), 15(3). https://doi.org/10.3390/su15032279

Kellogg, W. K. (2004). Using Logic Models to Bring Together Planning, Evaluation, and Action. https://www.naccho.org/uploads/downloadable-resources/Programs/Public-Health-Infrastructure/KelloggLogicModelGuide_161122_162808.pdf

Khan, A. H., & Kim, Y.-H. (1999). Foreign Direct Investment in Pakistan: Policy Issues and Operational Implications. https://www.adb.org/sites/default/files/publication/28178/er066.pdf

Khoiri, A. M. (2016). Innovation of Local Government in Creating Conducive Investment Climate (Study in Lamongan Regency). Jurnal Ilmiah Administrasi Publik (JIAP), 2(3), 115–122.

Ma’ruf, A. (2012). Investment Development Strategy in the Regions: Providing Incentives or Facilitation. Jurnal Ekonomi Dan Studi Pembangunan, 13(1), 43–52. https://journal.umy.ac.id/index.php/esp/article/viewFile/1260/1317

Miles, M. B., Huberman, A. M., & Saldana, J. (2014). Qualitative Data Analysis: A Methods Source Book (3th ed.). SAGE Publication.

Nasution, M. A., & Regif, S. Y. (2019). Study of SMS gateway service application at the one stop agency of Medan city investment and service for licensing customer satisfaction. IOP Conference Series: Materials Science and Engineering, 648(1). https://doi.org/10.1088/1757-899X/648/1/012020

Nurandi. (2023, November 12). Lack of job opportunities, unemployment in Lebak is the third highest in Banten. Radar Banten. https://www.radarbanten.co.id/2023/11/12/lapangan-pekerjaan-minim-pegangguran-di-lebak-tertinggi-ketiga-di-banten/

O’Flynn, J., & Wanna, J. (2008). Collaborative Governance: Public Policy New Era in Australia?. The Australian National University.

Oman, C. (2000). Policy Competition for Foreign Direct Investment: A Study of Competition among Governments to Attract FDI.

Parasuraman, A., Zeithaml, V. A., & Berry, L. L. (1985). A Conceptual Model of Service Quality and Its Implications for Future Research. Journal of Marketing, 41.

Patel, K., & Shah, S. (2022). Investment Strategies and Wealth Management. International Journal of Management, Public Policy and Research, 1(2), 68–74.

Polii, C. D., Kaawoan, J. E., & Rahman, I. (2021). Investment Service Strategy and One Stop Integrated Service in Promoting Investment Potential in South Minahasa Regency. Jurnal Governance, 1(1), 1–9.

Pradana, I. P. Y. B., Susanto, E., & Kumorotomo, W. (2022). Analyzing the critical factors for innovation sustainability in the public sector: evidence from Indonesia. International Journal of Public Sector Management. https://doi.org/10.1108/IJPSM-02-2022-0044

Purnama, S. H. (2018). The Role of Regional Heads in Accelerating the Implementation of the Economic Policy Package Volume 16. Jurnal Kajian Singkat, 10(3), 19–24.

Purnamasari, A. I., Wardani, Y. I., & Hidayah, D. A. (2020). Innovation of E-Government Transaction Services in the Licensing Sector at the Malang City Integrated Licensing Service Agency. Proceedings of the National Symposium “Challenges in Administrative Governance in the Era of the Industry Revolution 4.0,” 569–596.

Regional Government of Banten Province. (2016). Lebak Regency Regional Regulation Number 8 of 2016 Concerning Regional Apparatuses, Pub. L. No. 8 (2016).

Regiyati, S., & Rusli, Z. (2021). The Strategy of the Investment Service and One-Stop Integrated Services in Increasing Investment in the City of Pekanbaru. Jurnal Studi Ilmu Sosial Dan Politik, 1(1), 47–56. https://doi.org/10.35912/jasispol.v1i1.315

Republik Indonesia. (2007). Law Number 25 of 2007 Concerning Investment, Pub. L. No. 67, Ministry of Law and Human Rights (2007). https://ppid.unud.ac.id/img/admin/page_attc/ca56c86f2c4515460decf2098a6ed8a0.pdf

Risky, B. F., & Adnan, M. (2017). The Strategy of the Tegal Regency Regional Government in Increasing Regional Investment in 2015-2016. Journal of Politic and Government Studies, 6(2), 211–220. http://www.fisip.undip.ac.id/Email

Sari, H. M., As, A., & Dama, M. (2017). The Strategy of the Investment Service and One-Stop Integrated Services in Improving the Investment Climate in Samarinda City. EJournal Ilmu Pemerintahan, 6(1), 501–514.

Satya, V. E. (2019). Efforts to Create a Conducive Investment Climate (Vol. XI, No.06/II/Puslit/Maret/2019).

Setyaningrum, W. (2018). Strategic Management of Kediri Regency in Increasing Investment in the Central Business District. MEDIASOSIAN, 2(2), 49–56. http://ojs.unik-kediri.ac.id/index.php/mediasosian/article/view/215

Sharun, K., Tiwari, R., Natesan, S. K., Yatoo, M. I., Malik, Y. S., & Dhama, K. (2021). International travel during the COVID-19 pandemic: Implications and risks associated with “travel bubbles. Journal of Travel Medicine, 27(8), 1–3. Oxford University Press. https://doi.org/10.1093/JTM/TAAA184

Sørensen, E., & Torfing, J. (2012). Collaborative Innovation in the Public Sector. The Innovation Journal: The Public Sector Innovation Journal, 17(1), 1–14. https://www.innovation.cc/volumes-issues/2012_17_1_1_eva_sorensen_torfing_intro.pdf

Susilowati, I., Wibowo, A., Putra, A., Said, I., & Rifai, N. (2020). Qualitative Research Module of ATLAS.Ti.

Tsonkov, N. (2020). Regulation of Economic Activity in the Region as A Tool for Increasing Regional Competitiveness and Investment Attractiveness of Municipalities. Journal of European Economy, 19(3), 482–492.

Ustinovichius, L., Komarovska, A., & Komarovski, R. (2017). Methods of Determining the Region’s Investment Strategy. Procedia Engineering, 182, 732–738. https://doi.org/10.1016/j.proeng.2017.03.190

Uttama, N. P. (2014). Investment Promotion Policy in Potential Border Zone. Procedia Economics and Finance, 14, 615–623. https://doi.org/10.1016/s2212-5671(14)00750-3

Widodo, S., Marpaung, Z. S., & Santoso, A. D. (2022). What Makes Public Sector Innovation Sustainable?: A Case Study from Indonesia. TEM Journal, 11(3), 1376–1384. https://doi.org/10.18421/TEM113-48

Yudisthira, A., & Niswah, F. (2019). Strategic Management in Increasing Investment by Board of Investment and One-Stop Service of Surabaya City. PUBLIKA: Jurnal Ilmu Administrasi Negara, 7(4). https://ejournal.unesa.ac.id/index.php/publika/article/view/27322/24993

Additional Files
Guide Interview - The Department of Investment.pdf (65 kB)
Guide Interview
review (3) and authors respond.pdf (124 kB)
Review and Authors' Respond
Naskah Jurnal JBB revisi dari editor 290624.docx (4104 kB)
Revised Manuscript
Naskah Jurnal JBB minor revision - 120824.docx (4106 kB)

First Page

24

Last Page

37

Download

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.