Proceedings of the First Multidiscipline International Conference, MIC 2021, October 30 2021, Jakarta, Indonesia

Research Article

Impact of Indonesian Capital Market Development on Economic Growth Through Labor Absorption and Per Capita Income (Time Series Study 1990 – 2020)

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  • @INPROCEEDINGS{10.4108/eai.30-10-2021.2315673,
        author={Almira Rizqia and Musa Hubeis and Pudji Astuty},
        title={Impact of Indonesian Capital Market Development on Economic Growth Through Labor Absorption and Per Capita Income (Time Series Study 1990 -- 2020)},
        proceedings={Proceedings of the First Multidiscipline International Conference, MIC 2021, October 30 2021, Jakarta, Indonesia},
        publisher={EAI},
        proceedings_a={MIC},
        year={2022},
        month={1},
        keywords={stock market index; per capita income; economic growth},
        doi={10.4108/eai.30-10-2021.2315673}
    }
    
  • Almira Rizqia
    Musa Hubeis
    Pudji Astuty
    Year: 2022
    Impact of Indonesian Capital Market Development on Economic Growth Through Labor Absorption and Per Capita Income (Time Series Study 1990 – 2020)
    MIC
    EAI
    DOI: 10.4108/eai.30-10-2021.2315673
Almira Rizqia1,*, Musa Hubeis1, Pudji Astuty1
  • 1: Universitas Borobudur, Jakarta, Indonesia
*Contact email: almira.rizqia@gmail.com

Abstract

The motivation behind this review is to break down the advancement of the Indonesian capital market fair and square of work assimilation and per capita pay. In this review, auxiliary information and library research were utilized as a method in gathering information, utilizing semiannual information for the period 1990-2020. The examination was handled utilizing the EViews 11 program with numerous straight relapse technique. The aftereffects of the exploration show that the improvement of the Indonesian capital market emphatically affects Indonesia's monetary development through the factors of Indonesia's Labor Absorption Rate and Income per Capita during the period 1990 to 2020. The consequences of this review are relied upon to have the option to add to strategy holders in regards to the job of Capital Market Development, so that in the future more extensive comprehensiveness can be done in regards to the job of the Capital Market in the public arena, especially being able to reach up to the village level or in Village Owned Enterprises (BumDes). So that with increasing public participation in investing and seeking funding in the Capital Market, the Indonesian Capital Market can be even more advanced in the future which has implications for the creation of new jobs and an increase in per capita income.