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 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

The group looks to combine traditional economic approach with business perspectives in its researches to provide a comprehensive and more implementable policy and managerial recommendations.

Since March 2018 the research group publishes a monthly Trade and Industry Brief, a brief report on current issues related to the trade balance and commodity prices, export performance, and import developments, as well as the latest data related to industry indicators. The publication can be accessed online free of charges through the following link:

Since January 2020 the research group also supervises (, a web platform serving as the centre 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.


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 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).



Jahen Fachrul Rezki, Ph.D.

Jahen F. Rezki has been a researcher at Institute for Economic and Social Research since 2013 and also a lecturer at the Faculty of Economics and Business, Universitas Indonesia (FEB-UI). His research interests include development economics, political economy, applied macroeconomics and economics of media. Jahen received his PhD in Economics from the University of York, United Kingdom, in 2019. He obtained his master degree in 2013 also from the Department of Economics, University of York, and a bachelor degree in Economics from Faculty of Economics and Business, Universitas Indonesia in 2011.






  • Economic diplomacy assistance (Ministry of Foreign Affairs, 2020)
  • Political dynasty and economic development (University of York, 2020)
  • Enhancing productivity and innovation in the agriculture sectors and MSMEs (CDT-Bappenas, 2020)
  • Digitizing corruption cases in Indonesia (University of York, 2019)
  • Business development potentials and assistance of Village-Owned Enterprises/BUMDes (BRI, 2019)
  • Assistance of Indonesia-Mauritius and Indonesia-Djibouti Preferential Trade Agreement bilateral negotiations (Ministry of Foreign Affairs, 2019)
  • Study of public transportation to and from Soekarno-Hatta Airport (YLKI, 2019)
  • Constructing and developing the parameters of MSMEs Scale-up Readiness (BRI, 2019)
  • Public service innovation in tourism sector (Ministry of Tourism, 2019)
  • Economic impact assessment of the Subang Special Economic Zone (SSIA, 2019)
  • Economic impact assessment of the poly-ethylene terephthalate film industry (Mitsubishi Chemical PET Film Indonesia, 2019)
  • The challenge of accelerating investment in Tourism Special Economic Zones (Ministry of Tourism, 2019)
  • Prioritizing and mainstreaming tourism in national planning and budgeting policies (Ministry of Tourism, 2019)
  • Impact of tourism on poverty alleviation and income distribution (Ministry of Tourism, 2019)
  • Financing SMEs in tourism destination areas (Ministry of Tourism, 2019)
  • 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 and metal processing in Tegal Regency (NRI-JICA, 2017-2018)
  • Enterprise micro data survey on supply chain and production network of transportation and electronic industries in Indonesia (NRI-JICA, 2017-2018)
  • The economic impact of synthetic fibres production and factory operation (PT Asia Pacific Fibers, 2017)
  • Factors influencing the shift from private to public transport (YLKI and BPTJ, 2017)
  • Customer retention and citizenshipness (PT Telkom and YLKI, 2017)
  • Determinants of credit card spending and debts of Chinese consumers (Lincoln University, New Zealand, 2016-2017)
  • Self-employment of returning domestic migrants in China (Lincoln University, New Zealand, 2016 – 2017)
  • Corporate strategic plan (PT Sucofindo, 2014)