ANALYSIS OF BALI’S ECONOMIC RESILIENCE THROUGH SECTORAL DIVERSIFICATION BEYOND TOURISM
DOI:
https://doi.org/10.5281/zenodo.23103619Keywords:
economic resilience, economic diversification, leading sectors, LQ, HHIAbstract
This study aims to analyze the effects of leading sectors and economic diversification on the economic resilience of Bali Province. The study employs secondary data on the Gross Regional Domestic Product (GRDP) of nine regencies/municipalities in Bali Province for the 2015–2025 period, comprising a total of 99 observations. The analysis was conducted using the Location Quotient (LQ), the Herfindahl-Hirschman Index (HHI), and panel data regression. The results indicate that leading sectors and economic diversification have significant effects on Bali Province’s economic resilience, both partially and simultaneously. These findings demonstrate that strengthening leading non-tourism sectors and effectively managing the economic structure are important components of enhancing Bali’s economic resilience in the face of economic shocks.
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