Research Article
The Effect of Employment Factors and Investment on the Achievement of the Indonesian Human Development Index in 2019-2023
@INPROCEEDINGS{10.4108/eai.3-10-2024.2358771, author={Muh Al-Hafis and Andika Pambudi and A. Rinto Pudyantoro and Eka Puspitawati}, title={ The Effect of Employment Factors and Investment on the Achievement of the Indonesian Human Development Index in 2019-2023}, proceedings={Proceedings of the 3rd International Conference on Contemporary Risk Studies, ICONIC-RS 2024, 3 October 2024, Surakarta, Indonesia}, publisher={EAI}, proceedings_a={ICONIC-RS}, year={2025}, month={9}, keywords={human development minimum wage labor force unemployment investment}, doi={10.4108/eai.3-10-2024.2358771} }- Muh Al-Hafis
Andika Pambudi
A. Rinto Pudyantoro
Eka Puspitawati
Year: 2025
The Effect of Employment Factors and Investment on the Achievement of the Indonesian Human Development Index in 2019-2023
ICONIC-RS
EAI
DOI: 10.4108/eai.3-10-2024.2358771
Abstract
This study discusses how employment factors and investment can affect Indonesia's human development achievements during 2019 to 2023. The goal to be achieved in this study is to analyze the influence of employment factors such as the provincial minimum wage, Labor Force Participation Rate (LFPR), open unemployment rate, and domestic investment and Foreign Direct Investment (FDI) on Indonesia's Human Development Index (HDI) in 2019-2023. The method used in this study is a panel data analysis method with a fixed effect model. The results of the study showed that the minimum wage, LFPR, and the realization of domestic investment had a positive and significant, but the FDI variable does not have a significant. Meanwhile, open unemployment rate has a negative and significant effect on HDI Indonesia in 2019-2023. These results show that the government needs to improve employment policies and programs and create a conducive investment climate to increase Indonesia's HDI.
