Economic Dimension of Regional Innovation
Integrated Model of Commercialization and Monetization for Regional Fiscal Autonomy
DOI:
https://doi.org/10.21787/mp.9.1.2025.1-16Keywords:
Economic Dimension of Regional Innovation, Innovation Commercialization, Regional Monetization, Regional Fiscal Autonomy, Integrated ModelAbstract
This study explores the economic dimension of regional innovation through developing an integrated model of commercialization and monetization to strengthen regional fiscal autonomy (RFA). Regional innovations have been predominantly viewed from a public service perspective without considering their economic potential to reduce fiscal dependence on central government. Using a qualitative approach with a case study in Kotamobagu City, which has organized the Innovative Government Award (IGA) for five consecutive years (2020-2024), this research identifies four main model components: commercialization, valuation, calculation, and monetization of regional innovations. Findings reveal that among 165 innovations produced, the majority originated from regional agencies (74 innovations or 44.85%) and the general public (50 innovations or 30.30%), yet their economic potential remains underexploited. The economic dimension of regional innovation becomes crucial in the context of fiscal decentralization as it offers sustainable alternative revenue sources based on local strengths. The integrated model developed provides a holistic framework that addresses the fragmentation of commercialization approaches while creating systematic mechanisms to transform innovations from public service instruments into strategic revenue-generating assets. The advantage of integration lies in its ability to optimize the economic value of innovations while maintaining their social and public service functions. The theoretical contribution integrates Fiscal Autonomy Theory, Economic Innovation Theory, and Innovation Commercialization Theory within the Indonesian regional government context. Practically, this model can enhance Regional Original Revenue (PAD) through diversification of innovation-based local revenue sources. Model implementation requires strengthening human resource capacity, developing supportive regulations, and establishing a dodeca-helix-based regional innovation ecosystem.
References
Altamira, M. B., Putri, K. D. A. P., Samudra, R. M. R. T., & Yuliafni, F. A. (2022). Wild Animal Content Monetization on YouTube: A Literature Study. Journal of Indonesian Tourism and Policy Studies, 7(2). https://doi.org/10.7454/jitps.v7i2.1087
Andrews, M., Pritchett, L., & Woolcock, M. (2017). Building State Capability: Evidence, Analysis, Action. Oxford University Press. https://doi.org/10.1093/acprof:oso/9780198747482.001.0001
Azenha, F. C., & Fleury, A. L. (2024). Unlocking Breakthroughs in Portfolio Strategies for Radical Projects: A Literature Review. Production, 34. https://doi.org/10.1590/0103-6513.20240060
Chairunnisa, M. A., & Darmawan. (2024). Strategi Pemanfaatan Potensi Daerah di Kabupaten Wonogiri Sebagai Upaya Meningkatkan Kemandirian Fiskal Daerah. Inisiasi, 13(1), 31–38. https://doi.org/10.59344/inisiasi.v13i1.229
Dogruel, L. (2014). What Is So Special About Media Innovations? A Characterization of the Field. The Journal of Media Innovations, 1(1), 52–69. https://doi.org/10.5617/jmi.v1i1.665
Dunfjäll, M. (2019). Sino-African Relations and ODA in the Twenty-First Century: Chinese Aid and Public Expenditure in Education and Health Sectors of Sub-Saharan African Nations. Chinese Political Science Review, 4(3), 375–402. https://doi.org/10.1007/s41111-019-00125-1
Fukuchi, T. (2023). A Comprehensive High-Accuracy Numerical Calculation System for the 2D Poisson Equation by the Interpolation Finite Difference Method. https://doi.org/10.21203/rs.3.rs-3622031/v1
Hafner, M., Mira da Silva, M., & Proper, H. A. (2024). Towards a Reference Ontology for a Data Valuation Business Capability. Enterprise Information Systems, 18(7). https://doi.org/10.1080/17517575.2024.2358920
Hassan, B. A., & Adetayo, A. E. (2022). Social Entrepreneurship and Organizational Commitment in the Hospitality Industry. Journal of Business and Economic Analysis, 5(2), 157–168. https://doi.org/10.1142/S2737566822500062
Helitha Muchtar, N., Palar, M. R. A., & Amirulloh, M. (2023). Development of a Valuation System of Technology for the Enhancement of Innovation in Indonesia. Heliyon, 9(2), e13124. https://doi.org/10.1016/j.heliyon.2023.e13124
Holgersson, M., & Granstrand, O. (2022). Value Capture in Open Innovation Markets: The Role of Patent Rights for Innovation Appropriation. European Journal of Innovation Management, 25(6), 320–339. https://doi.org/10.1108/EJIM-02-2021-0114
Jones, B., & Summers, L. (2020). A Calculation of the Social Returns to Innovation. https://doi.org/10.3386/w27863
Kakade, A. B. (2025). Monetization of Intellectual Property Through Commercialization of Products and Services Developed Through Research and Innovation. Dalam R. Kandakatla, S. Kulkarni, & M. E. Auer (Ed.), Academic Leadership in Engineering Education. Lecture Notes in Networks and Systems (Vol. 1097, hlm. 281–295). Springer, Cham. https://doi.org/10.1007/978-3-031-68282-7_15
Kayame, S. A. M., Saleh, S., & Fitrianto, G. (2024). Pengaruh Desentralisasi Fiskal Terhadap Kemandirian Fiskal di 62 Kabupaten/Kota: Perspektif Keuangan Daerah [Universitas Gadjah Mada]. https://etd.repository.ugm.ac.id/penelitian/detail/243798
Li, F., Wei, J., & Zhai, Y. (2023). Theoretical Analysis of Innovation Commons: The Institutional Code of Economic Growth. 2023 Portland International Conference on Management of Engineering and Technology (PICMET), 1–9. https://doi.org/10.23919/PICMET59654.2023.10216857
Mamrayeva, D. G., Toxambayeva, A. B., Mamrayeva, G. B., & Rodina, L. A. (2020). Theoretical Aspects of Studying of the Innovations Commercialization Process. Bulletin of the Karaganda University. Economy Series, 100(4), 79–92. https://doi.org/10.31489/2020ec4/79-92
Nai, R. S. (2024). Pengaruh Pajak Daerah dan Retribusi Daerah Terhadap Pendapatan Asli Daerah Kabupaten Sikka Tahun 2023. Jurnal Manajemen dan Ekonomi Kreatif, 2(3), 137–170. https://doi.org/10.59024/jumek.v2i3.387
Nordhaus, W. D. (2021). Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth. American Economic Journal: Macroeconomics, 13(1), 299–332. https://doi.org/10.1257/mac.20170105
Nugroho, A., & Pandi, D. (2024). The Issue of No Benchmark in Determining the Economic Value of Intellectual Property. Anthology, 2(1), 284–299. https://ojs.uph.edu/index.php/Anthology/article/view/8514
Nurhayati, Kusumastuti, S. Y., Hidayatullah, N., & Suparyati, A. (2022). Determinasi Tingkat Kemandirian Fiskal 62 Kabupaten Tertinggal di Indonesia. Media Ekonomi, 30(2), 241–250. https://doi.org/10.25105/me.v30i2.14986
OECD. (2021). Government at a Glance 2021. OECD. https://doi.org/10.1787/1c258f55-en
Parlindungan, Supriyadi, H., Istambul, M. R., Hamdani, D., Amalia, E., & Chaniago, M. B. (2021). Monetization Data Through the Whaff Reward Application (Case Study on Smartphone Users). Türk bilgisayar ve matematik e?itimi dergisi, 12(11), 1104–1106. https://doi.org/10.17762/turcomat.v12i11.6003
Qisthina, F. A., Wahyudi, S. T., & Khusaini, M. (2020). Analisis Kemandirian Keuangan Daerah di Kabupaten dan Kota SWP Gerbangkertasusila Plus. Jurnal Ekobis, 10(2), 107–118. https://doi.org/10.37932/j.e.v10i2.109
Rahmawati, R. N., Pratiwi, H. E., Lisniwati, M., Afriani, L. D., & Haryadi, A. K. (2024). Pengaruh Tingkat Kemandirian Fiskal Daerah, DAK, dan Belanja Modal terhadap Kemiskinan di Jawa Tengah. Jurnal Manajemen Perbendaharaan, 5(2), 115–126. https://doi.org/10.33105/jmp.v5i2.492
Raišien?, A. G., & Raišys, S. J. (2024). The Limits of Expert Support for Business Decision-Making in Commercialization of Innovation: A Case Study. Journal of International Studies, 17(2), 53–74. https://doi.org/10.14254/2071-8330.2024/17-2/3
Risdiyanto, E., Mollet, J. A., & Hutajulu, H. (2023). Analisis Kemandirian Fiskal dan Belanja Daerah Terhadap Kemiskinan di Provinsi Papua. Ekombis Review, 11(2), 1813–1822. https://doi.org/10.37676/ekombis.v11i2.4851
Shcherbachenko, V., & Kotenko, S. (2022). Analysis of Obstacles and Success Factors of Innovation Commercialization. The Visnyk of the SSU, 1, 88–94. https://doi.org/10.21272/1817-9215.2022.1-10
Silalahi, G. A. S., & Khoirunurrofik. (2024). Regional Innovation as a Catalyst for Economic Growth: A Perception Study in Banyuwangi. Jurnal Bina Praja, 16(3), 509–522. https://doi.org/10.21787/jbp.16.2024.509-522
Singh, A. K., & Kumar, S. (2022). Expert’s Perception on Technology Transfer and Commercialization, and Intellectual Property Rights in India: Evidence From Selected Research Organizations. Journal of Management, Economics, and Industrial Organization, 6(1), 1–33. https://doi.org/10.31039/jomeino.2022.6.1.1
Sirait, R. A. (2022). Pengaruh Perubahan Sanksi Hukum dalam Undang-Undang tentang Ketentuan Umum dan Tata Cara Perpajakan Terhadap Penerimaan Pajak Penghasilan. Badan Keahlian Sekretariat Jenderal DPR RI.
Somantri, A. D. (2024). Analisis Flypaper Effect dalam Perspektif Keuangan Daerah: Studi Kasus Provinsi Jawa Barat dan Jawa Timur. Jurnal Syntax Imperatif, 5(4), 665. https://doi.org/10.36418/syntaximperatif.v5i4.450
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Author(s)
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
The Creative Commons-Attribution-Noncommercial-Share Alike License 4.0 International applies to all works published by Matra Pembaruan: Jurnal Inovasi Kebijakan. Authors will retain copyright of the work.
