Title:
Smart Economy Model to Strengthen Local Economic

Authors:
Neneng Miskiyah*, Titi Andriyani, Trizaurah Armiani, Agnes Monica, Muhammad Ficky Wira PL, Feni Mutia, Indonesia

Abstract:

A smart economy is the development of innovative and competitive economic governance. Smart economy-based community business is one of the strengthening of the local economy. The smart economy model connects variables of innovation and creativity, availability of human resources, competitiveness, information technology, and business ecosystems. This research aims to obtain a smart economy model to strengthen the local economy. This research is a field research with qualitative and quantitative approaches. Data analysis was carried out using the Partial Least Squares (PLS) method. The R-square value for strengthening the local economy is 0.548 or 54.8%. The smart economy model shows that competitiveness and business ecosystems are top priorities that can encourage the strengthening of the local economy. Competitiveness variables and ecosystem variables affect the strengthening of the local economy. The contribution from this research can be used as material for planning the evaluation of the implementation of the smart economy and alignment of local government policies and strategies through synchronization, harmonization, and synergy of local government policies.

DOI: https://doi.org/10.51505/IJEBMR.2026.10720