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Determinants of Economic Growth in Indonesia: A Dynamic Panel Model KCI 등재 SCOPUS

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  • URLhttps://db.koreascholar.com/Article/Detail/400950
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한국유통과학회 (Korea Distribution Science Association)
초록

This study aims to analyze the effect of public spending, macroeconomic variables, and BPK opinion on economic growth. This study is motivated by the inequality of fiscal policy effectiveness between regions in Indonesia in influencing the economic growth of different regions, the ability of local governments to attract foreign investors, and the transparency of regional financial management in designing development programs to encourage regional economic growth. The analytical tool in this study is a dynamic panel regression model with data from 2008 to 2017. The results of this study show that, in the short term, the population affects regional economic growth, while in the long term, the economic growth is affected by the number of people, the poor, General Allocation Fund, health budget, foreign investment and BPK opinion. The findings of this study are that in the long term the General Allocation Fund becomes an obstacle to economic growth, this is because the general allocation funds is widely used to cover the lack of funds for routine regional activities, thereby reducing activities for development programs. Another research finding is that fiscal policies carried out by local governments make a small and ineffective contribution to promoting economic growth.

목차
Abstract
1. Introduction
2. Literature Review
3. Previous Studies
4. Research Methods
    4.1. Panel Unit Root Tests
    4.2. Panel Cointegration Analysis
    4.3. Panel VECM
    4.4. Impulse Response Function (IRF)
5. Results and Discussion
    5.1. Unit Root Test
    5.2. Co-Integration Test
    5.3. Panel Vector Error Correction ModelEstimation
    5.4. Impulse Response Function (IRF)
6. Conclusion and Policy Implications
References
저자
  • Agus Tri BASUKI(Economics and Business Faculty, Universitas Sebelas Maret, Surakarta, Indonesia) Corresponding Author
  • Yunastiti PURWANINGSIH(Economics and Business Faculty, Universitas Sebelas Maret, Surakarta, Indonesia)
  • Albertus Maqnus SOESILO(Economics and Business Faculty, Universitas Sebelas Maret, Surakarta, Indonesia)
  • Mulyanto MULYANTO(Economics and Business Faculty, Universitas Sebelas Maret, Surakarta, Indonesia)