Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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Harnessing the Blue Economy: Pioneering Sustainable Maritime Growth in Southeast Asia

Authors
Hapsah Hapsah1, *
1Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: hapsah@bni.co.id
Corresponding Author
Hapsah Hapsah
Available Online 30 July 2025.
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.

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Volume Title
Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_30How to use a DOI?
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

risenwbib
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  -