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ANALYZING REGIONAL LEADING ECONOMIC SECTORS FOR GRDP AND INVESTMENT PROJECTIONS : EVIDENCE FROM INDONESIA Sutanti Sutanti; Azizatul Munawaroh; Atika Rahmi; Zaidah Rizkiyah
Multidisciplinary Research Studies in Social Sciences Vol 1, No 2 (2025): Multidisciplinary Research Studies in Social Sciences
Publisher : Taksasila Edukasi Insani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71312/mrscholar.v1i2.446

Abstract

Sustainable economic growth can be maintained in part through integrated economic development planning to foster leading sectors. This is also necessary for Banten Province, which experienced a contraction in economic growth during the Covid-19 pandemic. Although Banten’s economic growth rate has increased year by year—except in 2020—this does not diminish the potential of its leading sectors. This study aims to :1).Identify the leading economic sectors in Banten Province that meet the criteria of having competitive, comparative, and prospective advantages. 2).Project the Gross Regional Domestic Product (GRDP) of Banten Province for the years 2024 to 2026. 3).Calculate the amount of investment required by Banten Province to achieve the targeted/projected economic growth during the 2024–2026 period. The data used in this study are secondary time series data spanning ten years from 2014 to 2023, consisting of GRDP data for Banten Province, Indonesia’s GDP, Banten Province’s Regional Budget (APBD), and Gross Fixed Capital Formation (GFCF) data. These were obtained from the Central Bureau of Statistics (BPS) and BPS of Banten Province. Based on the calculations of Location Quotient (LQ), Dynamic Location Quotient (DLQ), and Shift-Share Analysis using 2014–2023 base data, the leading sector in Banten Province is the Water Supply, Waste Management, Waste and Recycling sector. This sector qualifies as a base sector according to the LQ, shows rapid growth as per DLQ, and is identified as a fast-growing, geographically advantageous sector with a positive National Share value.The most suitable trend model for projecting the GRDP at constant prices for Banten Province is the quadratic/parabolic trend model, as it has the lowest mean absolute error. The GRDP projections at constant prices are as follows : 2024: IDR 510,576.42 billion; 2025: IDR 521,638.02 billion; 2026: IDR 531,801.37 billion. Based on ICOR calculations and GRDP projections, the required investment for Banten Province is: 2024: IDR 14,770.21 billion; 2025: IDR 51,880.84 billion; 2026: IDR 47,667.93 billion.Keywords : : Leading Sector, Location Quotient (LQ), Dynamic Location Quotient (DLQ), Shift-Share Analysis, Incremental Capital Output Ratio (ICOR).
Determinan Cash Holding Perusahaan Sub Industri Perkebunan dan Tanaman Pangan di Indonesia Zaidah Rizkiyah; Darto Darto
Economic Reviews Journal Vol. 5 No. 1 (2026): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v5i1.1031

Abstract

The plantation and food crop sector plays and important role in the Indonesian economy, but this industry faces the risk of price fluctuations and operational instability, which requires companies to maintain liquidity through optimal cash holding policies. This study aims to analyze the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Return on Asset (ROA), and Firm Size on Cash Holding in plantation and food crop sub-industry companies listed on Indonesia Stock Exchange during the periode 2020-2024. The research method use a quantitative approach with panel data regression analysis and a sample selection of  20 companies through purposive sampling. The result of this study indicate that CR, DER, and Firm Size have a positive but insignificant effect on Cash Holdings, while ROA has a positive and significant effect on Cash Holdings. An R2 value of  0.7745 indicates that the independent variables are able to explain 77,45% of Cash Holding. These findings imply that profitability is a major factor that strengthens a company’s ability to maintain cash, so management needs to optimize asset performance. In addition, the results of this study can be taken into consideration by investors in assessing the financial stability of companies and a reference for further research.