Analysis of the Effect of Economic and Political Variables on Economic Growth in Indonesia
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Published:
Apr 30, 2020
Keywords:
Investment, TPAK, APS, IDI, GRDP
Section
Articles
Statistics Article
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Abstract
This study aims to determine the effect of economic and political variables on economic growth in Indonesia with a research period of 2011-2016 and as many as 33 provinces. The variables used in this study are Investment, Labor Force Participation Rate (TPAK), School Participation Rate (APS), Indonesian Democracy Index (IDI) and Gross Regional Domestic Product (GRDP). The analytical tool used in this study is the Random Effect Model (FEM). The results of the analysis show that the Investment, APS and IDI variables have a positive and significant effect on economic growth in Indonesia, while the LFPR variable is not statistically significant and cannot explain economic growth in Indonesia.
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How to Cite
Zahidalutfa, M. (2020). Analysis of the Effect of Economic and Political Variables on Economic Growth in Indonesia. ProBisnis : Jurnal Manajemen, 11(1), 16–23. https://doi.org/10.62398/probis.v11i1.8
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BKPM. (2017, November 7). Retrieved from the Investment Coordinating Board:www.bkpm.go.id.
BPS. (2017, November 9). Retrived from the Central Bureau of Statistics:www.bps.go.id.
Citra, A. (2014). The Influence of the Number of Workers, Education Levels and Education Expenditures on Economic Growth. UNY Student E-Journal, 1-8.
Feriyanto, N. (2014). Human Resource Economics. Yogyakarta: UPP STIM YKPN.
Hasan, E., Amar, S., & Anis, A. (2014). The Effect of Investment, Labor Force and Government Expenditure on Economic Growth in West Sumatra Province. UNP E-Journal, 1-14.
Mankiw, G., Quah, E., & Wilson, P. (2012). Introduction to Macroeconomics. Jakarta: Publisher Salemba Empat.
Nowak, AZ, & Dahal, G. (2016). The Contributon of Education To Economic Growth: Evidence From Nepal. International Journal of Economic Sciences, 22-41.
Patricia, N., & Izuchukwu, D. (2013). Impact of Government Expenditure on Economic Growth in Nigeria. European-American Journals, 64-71.
Sukirno, S. (2011). Macroeconomic Theory Introduction. Jakarta: PT Raja Grafindo Persada.
Todaro, MP, & Smith, SC (2011). Economic Development. Jakarta: Erlangga Publisher.
Widarjono, A. (2013). Introduction to Econometrics and Its Applications. Yogyakarta: UPP STIM YKPN.Maulana, Romi. “Penerapan Asas-asas Muamalah Terhadap Praktek Pembulatan Harga Dalam Jual Beli ( Studi Kasus di Minimarket Handayani Yogyakarta ”. Skripsi, Jurusan Mu‟amalat Fakultas Syari‟ah UIN Sunan Kalijaga. 2009.
Maulana, Romi. “Penerapan Asas-asas Muamalah Terhadap Praktek Pembulatan Harga Dalam Jual Beli ( Studi Kasus di Minimarket Handayani Yogyakarta ”. Skripsi, Jurusan Mu‟amalat Fakultas Syari‟ah UIN Sunan Kalijaga. 2009.
Pusat Pengkajian dan Pengembangan Ekonomi Islam, Ekonomi Islam. Rajawali Pers. 2009.
Q. S Al-Baqarah (2) ayat 275
Rivai, Veithzal, dan Andi Buchari.Islamic Economic. Jakarta : Bumi Aksara. 2009
Rosyidi, Suherman. Pengantar Teori Ekonomi: Pendekatan Kepada Teori Ekonomi Miko dan Makro. Jakarta : PT Raja Grafindo Persada. 2006.
Sadan , Yasir. “ Pengambilan Keuntungan Melalui Pembulatan Pada Bisnis Warung Internet Perspektif UU No 8 tahun 1999 tentang perlindungan konsumen dan Perspektif Hukum Islam ‟‟. Skripsi, Jurusan Muamalat Fakultas Syariah. UIN Sunan Kalijaga. 2012