THE IMPACT OF GOVERNMENT EXPENDITURE, HUMAN DEVELOPMENT INDEX (HDI), WORKER AND INVESTMENT ON INDONESIA’S PROVINCIAL GROSS REGIONAL DOMESTIC PRODUCT (GRDP)
Abstract
This study aims to analyze the impact of government spending, Human
Development Index (HDI), worker and investment on Gross Regional Domestic
Product (GRDP) in Indonesia. The data used in this study are secondary data for
each province taken from the central statistical agency (BPS) and the directorate
general of financial balance (DPJK). The analysis used in this research is panel
data analysis with fixed effect model as the best model to describe the relationship
between dependent and independent variables. The data used are data from thirtyfour
Provinces in Indonesia in the period 2013-2018. The results of the analysis
show that individually government spending, HDI, and investment have a
significant positive effect on Gross Regional Domestic Product (GRDP), with the
greatest effect on human resources. Meanwhile, worker does not have a significant
effect on Gross Regional Domestic Product (GRDP) in Indonesia.
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