Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022, Semarang, Indonesia

Research Article

Determinant of Economic Factors on Economic Growth in West Kalimantan Province 2011-2019

Download346 downloads
  • @INPROCEEDINGS{10.4108/eai.16-4-2022.2319724,
        author={Firdaus Budhy Saputro and Musa  Hubeis and Machfud  Sidik and Heru  Subiyantoro},
        title={Determinant of Economic Factors on Economic Growth in West Kalimantan Province 2011-2019},
        proceedings={Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022, Semarang, Indonesia},
        publisher={EAI},
        proceedings_a={ICLSSEE},
        year={2022},
        month={8},
        keywords={investment; labor absorption; technology implementation; economic growth},
        doi={10.4108/eai.16-4-2022.2319724}
    }
    
  • Firdaus Budhy Saputro
    Musa Hubeis
    Machfud Sidik
    Heru Subiyantoro
    Year: 2022
    Determinant of Economic Factors on Economic Growth in West Kalimantan Province 2011-2019
    ICLSSEE
    EAI
    DOI: 10.4108/eai.16-4-2022.2319724
Firdaus Budhy Saputro1,*, Musa Hubeis2, Machfud Sidik2, Heru Subiyantoro2
  • 1: Students of Doctoral Program at University of Borobudur
  • 2: Lecturer at University of Borobudur
*Contact email: ovier2008@gmail.com

Abstract

This study aims to prove the opinion of classical economists about the effect of investment, population as proxied by the number of workers who work and the development of technological advances on economic growth. The method used in this study is a quantitative method using panel data regression analysis techniques, namely a combination of cross-sectional and time series data. The results of the study simultaneously state that investment, labor absorption and technology implementation have a positive and significant impact on economic growth in the province of West Kalimantan. The results of the study prove that investment has a positive and insignificant effect on economic growth, labor absorption has a positive and significant effect on economic growth, while technology implementation has a negative and insignificant effect on economic growth in the province of West Kalimantan.