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 the topics of industrial value chain, industrial supply chain and networks, business environment, internationalization of small and medium-sized enterprises (SMEs), access to finance for SMEs, SMEs’ involvement in value chain, tourism, and economic multiplier effects of business investment and operational activities. The group looks to combine traditional economic approach with business perspectives in its research to provide a comprehensive and more implementable policy and managerial recommendations.

Head of the Research Group

Mohamad Dian Revindo, Ph.D.
Small and Medium-sized Enterprises, Local Economic Development, Tourism, Microfinance, Industrial Organization, International Trade and International Business.

revi"Revindo joined LPEM-FEBUI in 2009 and has since been a research associate with the institute. 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). In addition to research activities, Revindo lectures at the Graduate School of Global and Strategic Studies (Sekolah Pasca Sarjana Kajian Stratejik dan Global), Universitas Indonesia, Jakarta.



Academic Publications

  • Santoso, D.Gan, C.Revindo, M. and Massie, N. (2020), “The impact of microfinance on Indonesian rural households’ welfare”, Agricultural Finance Review, Vol. ahead-of-print No. ahead-of-print, pp. 00-00.
  • Revindo, M. D., Indrawati, S. M., & Hambali, S. (2019). The Role of Networking in the Internationalization of Indonesian SMEs. JEJAK: Jurnal Ekonomi dan Kebijakan12(2), 421-445.
  • Revindo, M. D., Gan, C., & Massie, N. W. G. (2019). Factors Affecting Propensity to Export: The Case of Indonesian SMEs. Gadjah Mada International Journal of Business21(3), 263-288.
  • Revindo, M. D., Siregar, C. H., Widyasanti, A. A., Anindita, D., Hastuti, N. W., Hambali, S., & Bintara, H. (2019). Spending of Sports Event Paticipants and Tourists: Evidence from the 2018 Asian Games. LPEM Working Paper Series No. 037.
  • Revindo, M. D. (2019). The Future of the ASEAN Economic Integration by Kiki Verico, Palgrave Macmillan, London, 2017, Pp. 274+ xxxv, ISBN: 978 1 137 59612 3. AsianPacific Economic Literature33(2), 149-151.
  • Revindo, M. D., Wikarya, U., Siregar, C. H., Huda, A., Bintara, H., Afrizal, M., . . . Marbun, A. R. (2019). Buku II: Menakar dampak ekonomi dan sosial penyelenggaraan asian games 2018: Survei dampak ekonomi. Jakarta: Bappenas.
  • Revindo, M. D., Widyasanti, A. A., Siregar, C. H., Anindita, D., Hastuti, N. W., & Hambali, S. (2019). Long-term Effect of Mega Sports Event on Host Country’s Tourism: Evidence from the Jakarta-Palembang 2018 Asian Games. Institute for Economic and Social Research.
  • Revindo, M. D., Indrawati, S. M., & Massie, N. W. G. (2019). Policy Options to Remove Export Barriers Encountered by Indonesian SMEs. Jurnal Ekonomi Indonesia8(1), 37-69.
  • Revindo, M. D. (2019, September). Impact of Export Activities on Firm Performance: The Case of Indonesian SMEs. In International Conference on Trade 2019 (ICOT 2019). Atlantis Press.
  • Lin, L., Revindo, M. D., Gan, C., & Cohen, D. A. (2019). Determinants of credit card spending and debt of Chinese consumers. International Journal of Bank Marketing, 37(2), 545-564.
  • Kacaribu, F., Lumbanraja, A. U., Revindo, M. D., Sabrina, S., Pricilia, Z., & Natanael, Y. (2018). Recent Developments in Indonesia’s Macro-economy and Trade, Q1-2018. Economics and Finance in Indonesia, 64(1), pp. 1-24.
  • Revindo, M. D., & Gan, C. (2018). Factors Affecting Variation in SMEs’ Export Intensity (LPEM Working Paper Series No. 201820). University of Indonesia.
  • Revindo, M. D. (2018). Types and Severities of Export Barriers: Evidence from Indonesian SMEs. Economics and Finance in Indonesia, 63(2), pp. 150-175.
  • Revindo, M. D., & Gan, C. (2017). Microfinance Institutions in Malaysia. In C. Gan & G.V. Nartea (Eds.), Microfinance in Asia(pp. 47-91). New Jersey: World Scientific.
  • Revindo, M. D. (2017). Types and Severities of Export Barriers: Evidence from Indonesian SMEs. Economics and Finance in Indonesia, 63(2), 150-175.
  • Revindo, M. D., & Gan, C. (2017). Credit Market and Microcredit Services in Rural China. In C. Gan & G.V. Nartea (Eds.), Microfinance in Asia(pp. 93-146). New Jersey: World Scientific.
  • Revindo, M.D., Gan, C. & Nguyen, C. C. (2017). Internationalization Strategy and Process: Evidence from Indonesian SMEs. World Journal of Management8(1), 59-74.
  • Revindo, M. D., & Gan, C. (2017). Rural Microfinance Banking Viability and Outreach: A Case of Bank Rakyat Indonesia. In C. Gan & G.V. Nartea (Eds.), Microfinance in Asia(pp. 337-356). New Jersey: World Scientific.
  • Saputra, A., Rahardianto, T., Revindo, M. D., Delikostidis, I., Hadmoko, D. S., Sartohadi, J., & Gomez, C. (2017). Seismic vulnerability assessment of residential buildings using logistic regression and geographic information system (GIS) in Pleret Sub District (Yogyakarta, Indonesia). Geoenvironmental Disasters4(1), 11.
  • Revindo, M. D., & Gan, C. (2017). Accessibility and Impact of Rural Credit Cooperatives Microcredit Programmes to Rural Households: A Case Study from Hubei Province, China. In C. Gan & G.V. Nartea (Eds.), Microfinance in Asia(pp. 319-336). New Jersey: World Scientific.
  • Revindo, M. D. (2017). Internationalisation of Indonesian SMEs. Doctoral Thesis, Lincoln University, New Zealand.
  • Revindo, M.D., & Gan, C. (2017). Factors Influencing SMEs’ Engagement in Direct Export Activities. LPEM Working Paper Series, August 2017.
  • Revindo, M.D., & Gan, C. (2016). Export Stimuli, Export Stages and Internationalization Pathways: The Case of Indonesian SMEs. Economics and Finance in Indonesia62(3), 191-205.
  • Revindo, M.D., Gan, C. & Nguyen, C. C. (2015). Indonesian SMEs’ Export Strategy and Process. Paper presented at the 9th Asia-Pacific Business Research Conference, World Business Institute, Singapore.
  • Revindo (2014). Sebuah Catatan tentang Para Saudara di Eropa[A Story about Brothers in Europe]. Jakata: LPFE press.
  • Wikarya, U., Sulistiyo, M. H., Revindo, M. D. & Yunita, L. (2012). Analisis Biaya Manfaat Pelarangan Ekspor Bahan Mentah Minerba Dan Dampaknya Terhadap Sektor Industri: Studi Kasus Nikel dan Tembaga[The Cost and Benefit of Coal and Mineral Export Restriction: The Case Study of Copper and Nickel]. Jakarta: Biro Perencanaan Sekretariat Jenderal Kementerian Perindustrian.

Past Research Projects

  • The role and challenges of special economic zones in fostering the export, investment and growth of manufacturing industries in Indonesia (ERIA, 2019)
  • The survey of economic impact of 2018 Asian Games Jakarta-Palembang (Bappenas, 2018)
  • Defining export-oriented SMEs and redefining SMEs (LPEI-Indonesian Eximbank, 2018)
  • Macroeconomics and energy indicators outlook (Pertamina Energy Institute, 2018)
  • Acceleration of sustainable economic development in state policy guidelines/GBHN (People’s Consultative Assembly/MPR, 2018)
  • The economic, fiscal and monetary impact of automotive industry: the case of Hyundai Motor Company’s planned investment and operations di Indonesia (EY, 2018)
  • Food consumption and expenditure pattern in Depok and Surakarta (Rikolto VECO and YLKI, 2018)
  • Enterprise micro data survey on supply chain and production network of metal casting, metal processing, transportation and electronic industries in Indonesia (NRI-JICA, 2017-2018)
  • Factors influencing the shift from private to public transport (YLKI and BPTJ, 2017)
  • Self-employment of returning domestic migrants in China (Lincoln University, New Zealand, 2016 – 2017)
  • The economic impact of synthetic fibres production and factory operation (PT Asia Pacific Fibers, 2017)
  • Customer retention and citizenshipness (PT Telkom and YLKI, 2017)
  • Corporate strategic plan (PT Sucofindo, 2014)