Harnessing the Blue Economy: Pioneering Sustainable Maritime Growth in Southeast Asia
- DOI
- 10.2991/978-94-6463-758-8_30How to use a DOI?
- Keywords
- Blue Economy; Government Regulation; Maritime Sector Growth; Southeast Asia; Panel Data
- Abstract
This study evaluates the impact of blue economy implementation on the growth of the maritime sector in five developing Southeast Asian countries, namely Indonesia, Malaysia, Vietnam, Thailand, and the Philippines, during the period 2018-2022. Employing a panel data regression model, the study examines the role of the blue economy, green technology adoption, and government regulations in fostering maritime sector growth. The findings reveal that the implementation of the blue economy has a significantly positive effect on maritime sector growth, with a coefficient of 0.45 (p < 0.05). Additionally, green technology adoption is shown to improve operational efficiency, indicated by a coefficient of 0.38 (p < 0.05), while supportive government regulations contribute significantly with a coefficient of 0.30 (p < 0.05). These findings underscore the importance of an integrated policy framework that connects the blue economy, technological innovation, and regulation to promote sustainable maritime sector growth in developing countries. This study provides practical recommendations for policymakers to accelerate maritime industry transformation through a more targeted and measurable approach.
- Copyright
- © 2025 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Hapsah Hapsah PY - 2025 DA - 2025/07/30 TI - Harnessing the Blue Economy: Pioneering Sustainable Maritime Growth in Southeast Asia BT - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024) PB - Atlantis Press SP - 347 EP - 356 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-758-8_30 DO - 10.2991/978-94-6463-758-8_30 ID - Hapsah2025 ER -