Email this article 
The Role of Capital Expenditures, Human Development Index and Access to Electricity on Economic Growth in Java and Non-Java Islands
Abstract
This study aims to determine whether there is a positive effect of capital expenditure, HDI and access to electricity on economic growth and is there a difference between economic growth in Java (in fact as a development area) and the Non-Java region. The data source used is secondary data in the form of the 2015 Ministry of Finance Report, as well as the publication of the Central Statistics Agency. The analysis used is the Ordinary Least Square (OLS) analysis where this test was carried out in 33 provinces in Indonesia (North Kalimantan was not used in the observation because it was a newly formed province). From the test results, it is found that: Capital Expenditure, HDI has a positive and significant effect on Economic Growth. Meanwhile, Electricity Accessibility has no influence on growth. This condition means that the economic growth in the Java Region is indeed higher than the economic growth outside Java.
Keywords
Full Text:
PDFReferences
Ajayi, L. B., & Oke, M. O. (2012). Effect of external debt on economic growth and development of Nigeria. International journal of business and social science, 3(12), 297-304.
Alexiou, C. (2009). Government spending and economic growth: Econometric evidence from the South Eastern Europe (SEE). Journal of Economic and social research, 11(1), 1.
Arini, P.R. (2016). Pengaruh Belanja Modal Terhadap Pertumbuhan Ekonomi Dan Kesejahteraan Masyarakat Di Pulau Kalimantan. Jurnal Riset Akuntansi Mercu Buana (JRAMB). 2(2).
Bellinger, W. K. (2015). The economic analysis of public policy. Routledge.
Dev Bhatta, S. (2001). Are inequality and poverty harmful for economic growth: evidence from the metropolitan areas of the United States. Journal of Urban Affairs, 23(3-4).
Dewi, I.G.A.A.S dan Ni Luh Supadmi. (2016). Pengaruh Alokasi Belanja Rutin Dan Belanja Modal Pada Indeks Pembangunan Manusia. E-Jurnal Akuntansi Universitas Udayana. 14(1).
Fahimi, A., Saint Akadiri, S., Seraj, M., & Akadiri, A. C. (2018). Testing the role of tourism and human capital development in economic growth. A panel causality study of micro states. Tourism management perspectives, 28, 62-70.
Ghozali, I. (2012). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 20, Edisi Keenam. Semarang: Universitas Diponegoro.
Kamaan, C. K., & Nyamongo, E. M. (2014). The effect of monetary policy on economic growth in Kenya. International Journal of Business and Commerce, 3(8), 11-24.
Lia, A. (2007). Ekonomi Pembangunan Edisi I. Yogyakarta: Graha Ilmu
Maqin, A. (2014). Pengaruh Kondisi infrastruktur terhadap pertumbuhan ekonomi di jawa barat. Trikonomika Journal, 10(1), 10-18
Moh, K. (2008). Metodologi penelitian kualitatif-kuantitatif. Malang: UIN Malang Press
Rakhmawati, R. (2016). Pengaruh Indeks Pembangunan Manusia (IPM), Tenaga Kerja dan Pendidikan erhadap Pertumbuhan Ekonomi di Jawa Tengah tahun.Thesis. Universitas Muhammadiyah Surakarta.
Samuelson, P. A., & Nordhaus, W. D. (2004). Ilmu Makroekonomi. Jakarta: PT. Media Global Edukasi.
Statistik, B. P. (2020). Berita Resmi statistik: Pertumbuhan Ekonomi Indonesia Triwulan I - 2020.
Sukirno, S. (1986). Pengantar teori makro ekonomi. Jakarta: Fakultas Ekonomi Universitas Indonesia.
Sukirno, S. (2002). Pengantar Teori Makro Ekonomi Edisi Kedua. Jakarta: PT. Raja Grafindo Persada.
Teguh, M. (2014). Metode Kuantitatif untuk analisis ekonomi dan bisnis. Jakarta: PT Raja Grafindo Persada,
Tri, R. (2004). Peranan Sektor Publik Lokal Dalam Pertumbuhan Ekonomi Regional di Wilayah Surakarta. Jurnal Kinerja. Volume 8, 133-147
Wilonoyudho, S. (2009). Kesenjangan dalam pembangunan kewilayahan. In Forum Geografi (Vol. 23(2), 167-180).
Croes, R., Ridderstaat, J., Bąk, M., & Zientara, P. (2020). Tourism specialization, economic growth, human development and transition economies: The case of Poland. TourismManagement, Volume 82, 104181
DOI: https://doi.org/10.21107/mediatrend.v16i1.9826
Copyright (c) 2021 Media Trend
