Business Climate and Global Value Chains

The research group has a wide-ranging research interests, encompassing various issues in business climate and global value chain area of research. The group has particular research interests in (but not limited to) the following topics:

  • Micro, small and medium-sized enterprises (MSMEs) and microfinance
  • Industrial competitiveness, industrial value chain and supply chain
  • Tourism and services sector development
  • Investment climate and business environment
  • International trade and global production network

In performing research and consultation, the research group looks to combine traditional economic approach with business perspectives to provide a comprehensive and more implementable policy and managerial recommendations. This group also disseminates results of the study and communicate to relevant stakeholders.

The research group started to publish a monthly Trade and Industry Brief since March 2018, a brief report on current issues related to manufacturing sector development, trade balance and commodity prices, export performance and import developments. The publication can be accessed through the following link:

Since January 2020, the research group also supervises (, a web platform serving as the center for information and facilitation for MSMEs up-scaling. The platform looks to bring together the MSMEs from various sectors and provinces, related government agencies, communities, investors and off-takers.


Head of Business Climate and Global Value Chains Research Group

Mohamad D. Revindo, Ph.D.

Revindo joined LPEM-FEBUI in 2009 and has been appointed as a head of the research group since 2017. His research Interests include Micro, Small and Medium-sized Enterprises (MSMEs), Tourism, Local Economic Development, Microfinance, Industrial Organization, Industrial Value Chain, Business and Investment Climates, and International Trade. He has an extensive experience in research, survey and consulting projects for various national and international client organizations.

In addition to research, Revindo is a lecturer at the Graduate School of Strategic and Global Studies (SKSG) Universitas Indonesia, a chief editor of Economics and Finance in Indonesia (a scientific journal published by Universitas Indonesia and indexed by Ministry of Research as SINTA-2 category) and editorial board member of Jurnal Ekonomi Indonesia (a journal published by Indonesian Economist Association). Prior to working with Universitas Indonesia, Revindo held teaching assistant position at Lincoln University, New Zealand and worked as a survey coordinator and a quality auditor at PT. Surveyor Indonesia, a state-owned enterprise specializing in survey, inspection and certification services. Revindo also served as Senior Advisor to the Minister of Trade during March-December 2020, particularly on the issues related to international trade, MSMEs up-scaling, and domestic product promotion campaign.

Revindo earned his Ph.D. in Economics from Lincoln University, New Zealand and a recipient of New Zealand-ASEAN Scholar Awards (2013-2017). His Ph.D. thesis is titled ‘Internationalisation of Indonesian Small and Medium-sized Enterprises’. He also holds a M.A. in European Studies from KU Leuven, Belgium (2008), a M.Sc. in Economics from KU Leuven, Belgium (2007) and a B.A. in Economics and Development Studies from University of Indonesia (2000).



Past and Ongoing Research Projects

  • Market Access and Potential Economic Impact of Indonesia- Angola Trade Agreement (Ministry of Foreign Affairs, 2021)
  • Impact of COVID-19 Pandemic on MSMEs in Indonesia (UNDP, 2020)
  • Market Access and Potential Economic Impact of Indonesia- Mauritius Trade Agreement (Ministry of Foreign Affairs, 2020)
  • Impact of the National Economic Recovery Program on MSMEs (Association of State-Owned Banks/Himbara, 2020)
  • Pre-feasibility Study of Creative Economy District Development (Ministry of Tourism and Creative Economy, 2020)
  • Sector Impact Assessment of Subnational Infrastructure Investment in Indonesia as Part of Municipal Assessment (Project Selection) Tool (The World Bank, 2020)
  • Manufacturing Industry Acceleration in Bali and Nusa Tenggara Region (Bank Indonesia Bali, 2020)
  • Technological Adoption Readiness for MSMEs’ Up-scaling (Ministry of Communication and Information, 2020)
  • Effectiveness of Out-of-Home Media for Creating Positive Image and Public Trust (Ministry of Tourism and Creative Economy, 2020)
  • Effectiveness of Digital Posters in the Socialization and Internalization of Institution Policy Program among Employees (Ministry of Tourism and Creative Economy, 2020)
  • Consumers Perception Towards Fuel Quality and Price (Indonesian Consumers Protection Foundation/YLKI, 2020)
  • Financing Access for Subsistence, Micro and Small Businesses by Utilizing Various Alternative Financial Sources (Bank Indonesia, 2020)
  • Study on the Breathable and Non-Breathable Films in Indonesia and some of ASEAN Countries (Mitsubishi Chemical PET Film Indonesia, 2020)
  • Import Substitution of Manufacturing Industry’s Raw Materials (Ministry of Industry, 2020)
  • Financial Access for MSMEs in Tourism Areas (Coordinating Ministry for Maritime and Investment Affairs, 2020)
  • Business Development Potential and Assistantship for Village-Owned Enterprises (BRI Bank, 2019)
  • International Airport Connecting Public Transportation: the Case of Soekarno-Hatta Airport (Indonesian Consumers Protection Foundation/YLKI, 2019)
  • MSMEs Up-scaling Parameters Formulation (BRI Bank, 2019)
  • Public Service Innovation in the Tourism Sector (Ministry of Tourism, 2019)
  • Economic, Fiscal, and Foreign Exchange Impact of Subang Special Economic Zone (SSIA, 2019)
  • Economic, Fiscal, and Foreign Exchange Impact of Poly-ethylene terephthalate film Industry (Mitsubishi Chemical PET Film Indonesia, 2019)
  • Investment Acceleration Challenge of Tourism Special Economic Zone (Ministry of Tourism, 2019)
  • Prioritizing and Mainstreaming Tourism in National Economic Policy (Ministry of Tourism, 2019)
  • Tourism Activity Impact on Income Distribution and Poverty Alleviation (Ministry of Tourism, 2019)
  • Financing Schemes of MSMEs in Tourism Areas (Ministry of Tourism, 2019)
  • Redefining MSMEs and Defining Export-Oriented MSMEs (LPEI-Indonesia Eximbank, 2018)
  • Economic Impact of the 2018 Jakarta-Palembang Asian Games (Ministry of National Development Planning/Bappenas, 2018)
  • Economic, Fiscal, and Foreign Exchange Impact of Automotive Industry: Investment and Operation of Hyundai Motor Company (Ernst & Young, 2018)
  • The Roles of Special Economic Zone on Export, Investment, and Manufacturing Development (ERIA, 2018)
  • Macroeconomic and Energy Indicators Outlook (Pertamina, 2018)
  • Acceleration of Sustainable Development Principles in the Guidelines of State Policy (People’s Consultative Assembly/MPR, 2018)
  • Healthy Food Consumption Pattern and Literacy: Case Study from Depok and Surakarta (Indonesian Consumers Protection Foundation/YLKI, 2018)
  • Business Network and Information Distribution of Metal Processing Industry in Tegal Regency (JICA, 2017)
  • Economic Impact of the Synthetic Yarn Industry (PT Asia Pasific Fibers, 2017)
  • Value Chain and Business Network of Transportation and Electricity Industry in 7 Provinces (JICA, 2017)
  • Fixed Broadband Consumer Loyalty and Citizenshipness (PT Telkom, 2017)
  • Preferences of Public Transportation Modes in Jabodetabek (Indonesian Consumers Protection Foundation/ YLKI, 2017)


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