Year: 2024 | Month: September | Volume: 11 | Issue: 9 | Pages: 207-228
DOI: https://doi.org/10.52403/ijrr.20240923
The Effect of Bank Credit, Export Value, Government Expenditure, And Labor Force on Provincial Economic Growth in Indonesia
Esra Juliana Sinaga1, Wahyu Ario Pratomo2, Irsad3
1Postgraduate Students Faculty of Economics and Business, Department of Economics, Universitas Sumatera Utara, Indonesia
2,3Postgraduate Lecturer Faculty of Economics and Business, Department of Economics, Universitas Sumatera Utara, Indonesia
Corresponding Author: Esra Juliana Sinaga
ABSTRACT
This research is motivated by the phenomenon of economic growth development in Indonesia over the past five years experiencing fluctuations. For this reason, academically, researchers try to analyze this by analyzing the factors that influence the economic growth of provinces in Indonesia. On that basis, this study aims to analyze the effect of investment credit, exports, government expenditure, and the labor force on the economic growth of provinces in Indonesia. This study uses a quantitative type of research, with data sources in the form of secondary data in the form of panel data, namely data from 34 provinces in Indonesia in the period 2019 - 2023. In this study, the approach used for data processing is to use the Fixed Effect Model (FEM) as a panel data regression model with the help of Eviews 12 software. The results of this study show that investment credit, exports, and government expenditure have a positive and significant effect on the economic growth of provinces in Indonesia, while labor force does not affect the economic growth of provinces in Indonesia.
Keywords: Economic Growth, Investment Credit, Exports, Government Expenditure, Labor
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