WSEAS Transactions on Environment and Development
Print ISSN: 1790-5079, E-ISSN: 2224-3496
Volume 22, 2026
Likelihood Analysis of Revenue Formation from Government-Owned Assets: A Case from Eastern-Indonesian Provinces
Authors: , , ,
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Abstract: Non-tax state revenue (NTSR) plays a major role in Indonesia revenue generation, yet many government assets remain underutilized despite substantial capital expenditure. This study examines the contribution of workplace asset value (WAV) to NTSR derived from public asset utilization in the Eastern Region of Indonesia (ERI). As relatively marketable assets, workplace assets are expected to enhance revenue generation. Using panel data from 18 regions over 2018–2022, this study applies panel regression and maximum likelihood estimation (MLE), incorporating controls for unemployment, poverty, and GDP. The results show that WAV significantly increases NTSR, with stronger effects when socioeconomic factors are included. Furthermore, regions with greater public asset holdings tend to generate higher NTSR. These findings highlight the importance of optimizing asset management policies to improve fiscal outcomes, particularly in less-developed regions such as ERI.
Keywords:
Asset Management, Non-Tax State Revenue, State Owned Asset, Asset Utilization, Workplace Building Assets, Asset Optimizing
Pages: 772-781
DOI: 10.37394/232015.2026.22.68