Technological Progress in Indonesian Food Processing

Suyanto, Suyanto and Sugiarti, Yenny and Tanaya, Olivia (2021) Technological Progress in Indonesian Food Processing. In: The 18th International Symposium on Management (INSYMA 2021), May 29, 2021, on-line conference.

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Technological progress is a critical factor in Society 5.0. Firm technological progress reflects the advancement in firm knowledge. This current study analyzes the key determinants of technological progress in 393 Indonesian food processing companies to assess the readiness to pursue Society 5.0. Adopting the knowledge spillover framework in the endogenous growth theory, this study shows the importance of internal firm age and firm size) and external factors (export orientation and import intensity) to enhance technological progress. The results from dynamic panel data GMM estimations confirm that firm age, export, and import intensity trigger technological advancement, while firm size does not significantly affect technological progress. These findings suggest the involvement of Indonesian food processing firms in export and import activities in preparing to face Society 5.0.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Technological progress, food processing firms, society 5.0.
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Business and Economic > Department of Economic
Depositing User: Suyanto 3198
Date Deposited: 12 May 2022 04:13
Last Modified: 12 May 2022 04:13

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