Technological Progress in Indonesian Food Processing
- 10.2991/aebmr.k.210628.016How to use a DOI?
- Technological progress, food processing firms, society 5.0
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.
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Suyanto Suyanto AU - Yenny Sugiarti AU - Olivia Tanaya PY - 2021 DA - 2021/06/29 TI - Technological Progress in Indonesian Food Processing BT - Proceedings of the 18th International Symposium on Management (INSYMA 2021) PB - Atlantis Press SP - 92 EP - 97 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210628.016 DO - 10.2991/aebmr.k.210628.016 ID - Suyanto2021 ER -