Analysis of Investment Policy of Local Government in the Era of Industrial Revolution 4.0

摘要

Local governments as public service providers have an important responsibility in an effort to improve the welfare of the community within the local government. One of the efforts that can promote the improvement of people's welfare in the financial perspective is to improve the investment climate. West Java Province is one of biggest provinces in Indonesia and also one of the biggest regional investment destinations. As the era of Industrial Revolution 4.0 has started in 2011, investment policies have to be developed in line with the changes occurred. This study aims to 1) identify the Investment Performance of Java Provincial Government; 2) recognize the direction of investment policy of West Java Provincial Government and its relation with Industrial Revolution 4.0. This study used secondary data on investment from 2013 until 2017. The results showed that the investment performance in West Java in the 2013-2017 have fluctuations values and the big decline in 2016-2017. It was also found that some leading sectors have very low investment value compared to other sectors. The central and regional governments must again elaborate each policy in more detail in order to achieve the consistency and sustainability of each program.