Research Article
Socio-Economic Effects. Labor, Community Welfare And Regional Economy on Investment in The Bodetabek Area
@INPROCEEDINGS{10.4108/eai.6-5-2023.2333589, author={Rademtus Suryoko Herastho and Sidik Priadana and Sugiyanto Sugiyanto and Dedi Suwardi Bahagia}, title={Socio-Economic Effects. Labor, Community Welfare And Regional Economy on Investment in The Bodetabek Area}, proceedings={Proceedings of the 3rd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2023, 6 May 2023, Salatiga, Central Java, Indonesia}, publisher={EAI}, proceedings_a={ICLSSEE}, year={2023}, month={7}, keywords={investment social status labor welfare economic growth}, doi={10.4108/eai.6-5-2023.2333589} }- Rademtus Suryoko Herastho
Sidik Priadana
Sugiyanto Sugiyanto
Dedi Suwardi Bahagia
Year: 2023
Socio-Economic Effects. Labor, Community Welfare And Regional Economy on Investment in The Bodetabek Area
ICLSSEE
EAI
DOI: 10.4108/eai.6-5-2023.2333589
Abstract
Regional development is running massively and not experiencing significant growth, leading to fears of a lack of income due to reduced employment. This condition causes people affected by the termination of employment to carry out activities independently to fulfill their daily needs. Investments made will add new jobs. Investing will generate income, which increases welfare. Because the termination of employment that has befallen him will affect the workers' income to make ends meet. With a changing economy, there has been a shift in the economic level for urban communities in the Bodetabek area. Based on multiple regression analysis resulted in a simultaneous and partially significant influence between the existence of industrial areas, labor and welfare, social status, and level of education on economic growth and labor wages. The methods used in this study are ordinary multiple linear least-squares regression and simple panel data. The study variables used were industrial area presence, total labor force, social status, and public welfare, which in this study acted as independent variables influencing labor wages and dependent variables influencing economic growth. It works as a variable. Research results show that socio-economic status, total workforce, public welfare, and economic growth both simultaneously or in part have a significant and positive impact on investment in Bodetabek, namely 78.1 percent.