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All Journal GOVERNANCE: Jurnal Ilmiah Kajian Politik Lokal dan Pembangunan
F Ariyani Retno Astuti
Dinas Perhubungan Kabupaten Gunungkidul
Humanities Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

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PENGARUH DANA KEISTIMEWAAN TERHADAP PRODUK DOMESTIK REGIONAL BRUTO DI DAERAH ISTIMEWA YOGYAKARTA F Ariyani Retno Astuti; Akhsyim Afandi
GOVERNANCE: Jurnal Ilmiah Kajian Politik Lokal dan Pembangunan Vol. 13 No. 5 (2026): 2026 Mei
Publisher : Lembaga Kajian Ilmu Sosial dan Politik (LKISPOL)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56015/gjikplp.v13i5.874

Abstract

This study aims to analyze the effect of Special Allocation Fund (Dana Keistimewaan) on regional economic growth measured by Gross Regional Domestic Product (GRDP) in the Special Region of Yogyakarta. This research employs panel data regression using secondary data from five regencies/cities in Yogyakarta from 2009 to 2024. The model selection indicates the Fixed Effect Model as the best approach. The results show that Special Allocation Fund (Dana Keistimewaan), Regional Expenditure, Regional Original Revenue (PAD), General Allocation Fund (DAU), Special Allocation Fund (DAK), Foreign Direct Investment (PMA), and YIAD airport dummy variable significantly affect GRDP. Meanwhile, Domestic Investment (PMDN), and tourism (WIS) do not have significant effects. The findings imply that the effectiveness of fiscal policy and investment plays a more crucial role than the amount of budget allocation in promoting regional economic growth. This study contributes by incorporating institutional-specific funding (Dana Keistimewaan) along with infrastructure and investment variables in a panel data framework. Keywords: Gross Regional Domestic Product (GRDP), panel data, Special Allocation Fund, Yogyakarta
Co-Authors Akhsyim Afandi, Akhsyim