Effect of the COVID-19 pandemic on micro and small industry revenue in west Sumatra province, Indonesia
Authors
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Alpon Satrianto
Department of Economics, Faculty of Economics and Business, Universitas Negeri Padang, Indonesia.
https://orcid.org/0000-0002-8412-8524
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Halkadri Fitra
Department of Accounting, Faculty of Economics and Business, Universitas Negeri Padang, Indonesia.
https://orcid.org/0000-0002-5766-8170
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Ariusni
Department of Economics, Faculty of Economics and Business, Universitas Negeri Padang, Indonesia.
https://orcid.org/0000-0002-0263-7537
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Akmil Ikhsan
Department of Economics, Faculty of Economics and Business, Universitas Negeri Padang, Indonesia.
https://orcid.org/0000-0003-4411-1434
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Mia Ayu Gusti
Department of Management, Faculty of Economics and Business, Universitas Negeri Padang, Indonesia.
https://orcid.org/0000-0003-0007-8783
DOI:
https://doi.org/10.18488/73.v12i4.3929Abstract
This study looks into how the COVID-19 pandemic has affected the revenue of Indonesia's West Sumatra Province's micro and small industries (MSI). Ordinary least square analysis is used in the study methodology taking into account classical assumption tests for heteroscedasticity and multicollinearity. This research data is in the form of panel data from 2018 to 2020 covering 19 regencies and cities. The results show that the COVID-19 pandemic has had a negative and considerable effect on West Sumatra Province's revenue from MSI. The COVID-19 pandemic has impacted the decline in revenue for MSI. The government should actively provide subsidies and assistance to MSI in West Sumatra Province particularly during COVID-19. Implementing various supportive regulations can further ensure the sustainability of MSI.
