The Economic Welfare of Fishermen Households in Indonesia

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Hotman Panjaitan, Feliks A.B.K. Panjaitan

Abstract

This research will prove the relationship between economic behavior, economic morale and entrepreneurial spirit in improving the economic welfare of fishermen households. The researcher proposes a model, and wants to show the concept of new indicators on the economic well-being of fishermen's household. The study population was 327 fishermen. Using structural equation model analysis, convenience sampling method for 160 respondents. The proposed model shows that entrepreneurial spirit is the main determinant of the economic well-being of fishing households. The model can also prove that indicators, fishing equipment, catches, and processed products contribute positively to the economic well-being of fishing households. Where this is a new thing proposed in this study. The practical implication of the research is that fishermen should improve their economic morale, by increasing the quality and quantity of catches, by trying to have more modern fishing equipment, by utilizing the sources of capital they have.

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