Determinants of Economic Growth in Bali Province
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Published:
Mar 30, 2023
Keywords:
economic growth, human development index;, investment, regional income
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Abstract
Economic growth is one of the goals of economic development. Sustainable economic growth has an impact on various other economic and social sectors. This research aims to see the effect of investment, regional income and human development index (HDI) on economic growth in Bali Province. Data from the BPS-Statistics Bali for 20 11-2021. The statistical method used multiple linear regression with panel data. Based on panel model testing, the fixed model is the best. Simultaneously, all variables affect the rate of economic growth. Partially, investment, regional income and human development index have a significant positive effect on the economic growth rate in Bali. Based on the results of this study, comprehensive policies related to macro-social economics are needed so that the level of economic growth continues to increase sustainably.
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How to Cite
Sihombing, P. R., Arsani, A. M., Purwanti, D., Budiantono, S., & Sunanjaya, I. D. G. (2023). Determinants of Economic Growth in Bali Province . Indonesia Auditing Research Journal, 12(1), 19–24. https://doi.org/10.35335/arj.v12i1.117
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Arifin, H. (2021). The Influence of Local Revenue and Capital Expenditures on Regional Economic Growth in Indonesia. International Journal of Scientific and Technology Research, 10(4), 1566–1572.
Asmara, Y. A., & Rahmawati, D. (2021). Pengaruh Investasi Dalam Negeri dan Investasi Asing Terhadap Pertumbuhan Ekonomi di Indonesia. Jurnal Ilmu Ekonomi Dan Bisnis, 2(2), 102–116.
Baltagi, B. H. (2005). Econometric Analysis of Panel Data (Third). John Wiley & Sons Ltd.
Basri, M., & Rahardja, S. (2018). The Effect of Local Government Expenditure, Revenue, and Debt on Regional Economic Growth in Indonesia. Journal of Applied Economic Sciences, 13(1), 111–121.
Daulay, R. H., & Prasetyo, Y. (2019). Analisis Pengaruh Pendapatan Asli Daerah, Dana Alokasi Umum dan Belanja Modal terhadap Pertumbuhan Ekonomi Kabupaten/Kota di Sumatera Utara. Jurnal Ilmu Ekonomi Dan Sosial, 1(1), 44–52.
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Greene, W. H. (2018). Econometric Analysis (8th ed.). Pearson.
Gujarati, D. (2004). Basic Econometrics BY Gujarati (pp. 1–1002). McGraw-Hill Inc.
Nurlaela, S., & Rahmawati, R. (2021). Pengaruh Investasi Dalam Negeri Terhadap Pertumbuhan Ekonomi Indonesia Pada Sektor Industri. Jurnal Manajemen Bisnis Dan Kewirausahaan, 1(1), 61–73.
Nwaogu, U. G., & Okorie, G. C. (2018). Human development index and economic growth in Nigeria: A causality analysis. Journal of Economics and Sustainable Development, 9(4), 222–232.
Ramdhani, M., & Ismail, R. (2021). Pengaruh Investasi Dalam Negeri Terhadap Pertumbuhan Ekonomi Indonesia. Urnal Perspektif Ekonomi Darussalam, 4(1), 30–43.
Rauf, A., Asghar, N., & Raza, S. A. (2019). The impact of human development index on economic growth in South Asian countries: A panel data analysis. South Asian Journal of Management Sciences, 13(2), 47–55.
Sujarwoto, S. (2015). Human development index and economic growth in Indonesia. Journal of Economics and Sustainable Development, 6(6), 118–123.
Sukirno, S., & Nasution, A. (2020). Pengaruh Investasi Dalam Negeri, Investasi Asing Dan Ekspor Terhadap Pertumbuhan Ekonomi Indonesia. Jurnal Ekonomi & Studi Pembangunan, 21(1), 1–16.
Tuck, L., Khor, C. S., & Yong, C. C. (2019). The impact of human development index on economic growth in Malaysia. Asian Journal of Accounting and Governance, 10(1), 83–95.
Wahyudi, I., & Wibowo, A. (2019). Pengaruh Investasi dalam Negeri, Investasi Asing dan Pertumbuhan Ekonomi Terhadap Ketenagakerjaan di Indonesia. Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi Dan Pembangunan, 20(2), 170–186.
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