Analysis of the Influence of Democracy Index, Human Development Index, Foreign Investment, Government Expenditure, and Labor on Indonesian Economic Growth
Keywords:
Economic Growth, Indonesian Democracy Index, Human Development Index, Foreign Investment
Abstract
Economic growth is one of the main indicators of the economic progress of a region or country. The economic performance of a country is determined by the economic policies implemented by the government, the environment in which the economy operates, and the political economic system it implements. Many non-economic factors ultimately affect the economic activities of a country. This study aims to determine whether the Indonesian Democracy Index, Human Development Index, Foreign Investment, Government Expenditure, and Labor partially affect Indonesia's economic growth. The analysis method used is multiple linear regression using Eviews10. The results of the study indicate that the Democracy Index and Human Development Index do not have a significant effect on Economic Growth. While Foreign Investment, Government Expenditure and Labor have a significant effect on Economic Growth.
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Asnidar. (2018). The Effect of Human Development Index (HDI) and Inflation on Economic Growth in East Aceh Regency. Jurnal Samudra Ekonomika, 2(1).
Basuki, A. T., & Prawoto, N. (2015). REGRESSION ANALYSIS IN ECONOMIC AND BUSINESS RESEARCH. Rajawali Pers.
Dudzevi?i?t?, G., Šimelyt?, A., & Liu?vaitien?, A. (2018). Government expenditure and economic growth in the European Union countries. International Journal of Social Economics, 45(2).
Hariwijaya, I. (2020). The Influence of International Trade and Investment on Indonesia's Economic Growth. FEB Student Journal, Brawijaya University.
Khusniati, M. Z. Y. N. H. M. G. W. N. (2022). The Influence of Education and Ipm on Economic Growth in the Special Region of Yogyakarta. Journal of Economics and Education, 19(1).
Krissawindaru, A. Y. (2013). The Influence of Foreign Investment (PMA), Domestic Investment (PMDN) and Labor Force on Economic Growth in Central Java. Economic Development Analysis Journal, 2(2).
Mursinto, D. (2019). Government Expenditure Efficiency and Economic Growth in Indonesia. Indonesian Journal of Economics.
Nizar, C., Hamzah, A., & Syahnur, S. (2013). The Effect of Investment and Labor on Economic Growth and Its Relationship to Poverty Levels in Indonesia. Postgraduate Journal of Economics, Syiah Kuala University, 1(2).
Simorangkir, D. (2017). Crowding Out Effect in Indonesia: An Analysis of Government Expenditure and Private Investment. Journal of Indonesian Economic Studies, 53(2).
Sudirman, M. A. (2018). The Effect of Household Consumption, Investment on Economic Growth in Jambi Province. ECONOMIC: Journal of Economics and Business, 2(1).
TransparencyInternational. (2023). Corruption Perceptions Index. Retrieved from Transparency International.
Viphindrartin, S. (2021). Impact of Consumption, Credit and Capital Formation on Economic Growth in Indonesia: English. Tamansiswa Accounting Journal International.
Wahyuningsih, S., & Satriani, D. (2019). Creative Economy Approach to Economic Growth (Case Study in Pedekik Village). IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 8(2).
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WorldEconomicForum. (2023). Global Competitiveness Report. Retrieved from World Economic Forum.
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Zainuri, Diartho, H. C., & Dewi, N. R. (2023). The Effect of Financial Inclusion on Economic Growth in Indonesia. International Journal of Economics, Business and Accounting Research (IJEBAR).
Zainuri, Z., & Vitriyah, N. L. (2020). The Relationship between Pension Funds and Growth in Indonesia. Jurnal Benefita, 5(3).
Published
2024-07-28
How to Cite
Muhammad Ivan Fadillah, Zainuri, & Sebastiana Viphindrartin. (2024). Analysis of the Influence of Democracy Index, Human Development Index, Foreign Investment, Government Expenditure, and Labor on Indonesian Economic Growth. International Journal of Health, Economics, and Social Sciences (IJHESS), 6(3), 884-894. https://doi.org/10.56338/ijhess.v6i3.5837
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Copyright (c) 2024 Muhammad Ivan Fadillah, Zainuri, Sebastiana Viphindrartin
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