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The economic growth and affecting factors in Sumatera island Pages 675-682 Right click to download the paper Download PDF

Authors: Yolanda Yolanda, Patria Nagara, Sumarni Sumarni, Efiani Efiani

doi 10.5267/j.ac.2020.12.009 Crossmark

🔑 Keywords: Education, Economic openness, Road infrastructure, Investment, Poverty, Unemployment, Economic Growth, OLS method

Abstract:
The indicators of success in macro development can be measured from the economic growth, which is reflected in changes in the Gross Regional Domestic Product (GRDP). The factors which affect the economic growth are very complex. This study analyzes the economic growth and the factors that affect Sumatra island. The data used is panel data with descriptive analysis techniques and multiple linear regression. Based on the research results: Education, economic openness, road infrastructure, and investment have a positive and significant effect on economic growth and poverty and unemployment have a negative and significant effect on economic growth. Besides, the results of panel data explained that the openness of the economy to economic growth is very low, while the highest is education.
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Journal: AC | Year: 2021 | Volume: 7 | Issue: 3 | Views: 1278

 

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