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Halomoan Hutajulu
Universitas Cendrawasih, Papua, Indonesia
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Regional Financial Capacity, Capital Expenditure, and Economic Growth: Capital Expenditure as a Mediating Variable Ariza Eka Novianto; Arung Lamba; Halomoan Hutajulu
Advances in Public Law and Policy Vol. 1 No. 2 (2026): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/aiplap.v1i2.4385

Abstract

Purpose: This study examines the effect of regional financial capacity on capital expenditure and economic growth in Biak Numfor Regency, Indonesia, and tests whether capital expenditure mediates the relationship between regional financial capacity and economic growth. Methodology: The study applies a quantitative approach using secondary time series data for the 2015 to 2024 period obtained from the Central Statistics Agency, the Regional Finance Agency, and related institutions. Regional financial capacity is measured through the regional financial independence ratio, the effectiveness ratio of regional own-source revenue, the efficiency ratio, and the fiscal decentralization degree ratio, capital expenditure is measured through its realized allocation, and economic growth is measured through the annual growth rate of gross regional domestic product at constant prices. Data were analyzed using descriptive statistics, path analysis, and the Sobel test. Results: Regional financial capacity in Biak Numfor Regency tends to be low and fluctuating. Regional financial capacity has a positive and significant effect on capital expenditure and on economic growth, and capital expenditure has a positive and significant effect on economic growth. However, the Sobel test shows that capital expenditure does not significantly mediate the relationship between regional financial capacity and economic growth. Conclusions: The effect of regional financial capacity on economic growth in Biak Numfor Regency occurs predominantly through a direct channel rather than through capital expenditure. Limitations: The single-region time series design over a ten-year period limits generalizability, and capital expenditure is measured in aggregate rather than disaggregated by sector. Contributions: The study offers empirical evidence on the limits of capital expenditure as a transmission channel from local fiscal capacity to economic growth in a small, resource-dependent island regency, informing more targeted regional budget allocation policy.
Strengthening Fisheries MSMEs for Economic Growth in Mamberamo Hilir District, Mamberamo Raya Regency Havid Ruslan Samber; J. Ary Mollet; Halomoan Hutajulu
Review of Multidisciplinary Academic and Practice Studies Vol 1 No 1 (2024): February
Publisher : LPPM STIE KRAKATAU

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61401/rmaps.v1i1.577

Abstract

Purpose: This study analyzes the internal and external conditions affecting fisheries micro, small, and medium enterprises in Mamberamo Hilir District and formulates development strategies using Strengths, Weaknesses, Opportunities, and Threats (SWOT)analysis. Methodology: A descriptive qualitative case study design was applied, drawing on in-depth interviews, field observation, and documentation with twenty informants comprising local officials, fishers, fish traders, and consumers, analyzed through a four-stage qualitative SWOT procedure covering factor identification, narrative interpretation, relational mapping, and strategy formulation. Result: The district possesses strong fisheries potential supported by strategic coastal resources and fishing experience, but development is constrained by limited infrastructure, capital, and marketing, despite opportunities from digital technology, market demand, and government support. Conclusions: Fisheries enterprises meaningfully sustain fishing households and generate a measurable local multiplier effect, though this contribution remains below its potential. Limitations: The case study and purposive sample limit generalizability. The study provides a locally grounded framework integrating SWOT analysis with Local Economic Development indicators. Contributions: The study proposes a locally grounded strategy framework linking SWOT to Local Economic Development indicators for an eastern Indonesian fishing community.
Co-Authors Ariza Eka Novianto Arung Lamba Havid Ruslan Samber J. Ary Mollet