Claim Missing Document
Check
Articles

Econometrics Model of Economic Growth in East Java Province with Dynamic Panel Data through Generalized Method of Moment (GMM) Approach Joko Hadi Susilo; Luthfi Ibnu Tsani; Herianto Herianto; M Kholilurrohman
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 15 No 1 (2020): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v15i1.2020.pp38-54

Abstract

Increasing the rate of economic growth is one of the biggest goals for an area, because it affects macroeconomic conditions in the aggregate especially the level of public welfare. Law Number 32 of 2004 becomes empirical evidence that there is a transfer of responsibility from the central government to regional governments in carrying out economic development. This research is conducted to determine the condition of economic growth in East Java Province with a population of 29 districts and 9 cities in the 2014-2018 observation period, the number of samples was 190 samples. The data analysis technique is carried out through the econometrics model with two stages, namely conducting a simultaneous regression analysis of the ordinary least square method, then for the second stage, an Arellano-Bond Generalized Method of Moment (GMM) analysis is carried out on the grounds that many economic variables are dynamic, This means that the value of a variable can be influenced by the value of other variables and is influenced by the value of the variable concerned in the past or previous period,in addition to knowing the short-term and long-term effects of economic growth. The findings of the study reveal that simultaneous economic growth in East Java Province is influenced by agglomeration, fiscal decentralization, poverty rates and human development index. Based on the results of the generalized method of moment arellano-bond analysis, the researchers find that fiscal decentralization have a partial effect on economic growth in the province of East Java with the impact of the elasticity of short-term and long-term economic growth values. In addition, researchers find that economic growth in East Java Province is influenced by the value of the variable itself (economic growth) in the previous period.
Dynamic Panel Data Analysis of the Human Development Index in Indonesia Hartiningsih Astuti; Joko Hadi Susilo; siskha trifandha; Amon Frank Nkembo
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20 No 2 (2025): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i2.2025.pp229-245

Abstract

The human Development Index is an important indicator for measuring people’s welfare. This study aims to determine the influence of household consumption, Gross Regional Domestic Product, investment, and government expenditure on the human development index (HDI) in 35 provinces in Indonesia for the period 2014-2023. Secondary data was sourced from the Central Statistics Agency and used to estimate the model, a dynamic panel approach was utilized, based on the Generalized Method of Moments. The results showed that Gross Regional Domestic Product (GRDP) has a significant influence on increasing the human development index (HDI), especially through increased consumption for education and health. In addition, achieving economic development in a country requires individual and collective human efforts in improving the quality of life. Important factors that must be built are the quality of human resources, facilities and infrastructure. Government spending focused on sectors that directly affect people's welfare can accelerate the improvement of the quality of human resources. This finding shows the importance of macroeconomic stability and fiscal policy effectiveness in supporting sustainable human development.
Co-Authors Abid, M. Alwi Abid, Muhammad Alwi Adelia Putri Fauziah Afandi, M. Ifan Agustina, Mei Agustino, Muhammad Rizqi Ahmad Niamul Abrori Albert Prana Adiguna Alfika, Mahaneny Dian Alfiyana, Siti Amon Frank Nkembo Ananda Marda Fitria Anggita Munawaroh Anggraini, Arieta Mudrika Anggraini, Monica Angraini, Liana Atmaja, Dimas Surya Ayu Eliana Bachtiyar, Achmad A. A. Beny Prasetya, Ammad Budianto Budianto Damayanti, Alfina Defi Tristio Putri Deviana Diah Probowati Dewi Fatmawati Dimas Surya Atmaja Dimas Surya Atmaja Dodi Tirtana Durroh, Badiatud Dwi Irnawati Edy Yusuf Agung Gunanto Eka Yuliana Putri Eko Wahyu Abriyandoko Elvania, Nindy Callista Endang Endang Endang, Endang Endang, Endang Erwanto Erwanto febi, febi Fina Sulistiya Ningsih Firmansyah, Muhammad Irfan Hartiningsih Astuti Herianto Herianto Herianto Herianto Imda Safitri Izza Ahmad Utomo Jennifer Kasanda Sesabo Kholilurrohman, M. Laila, Agustina Naviatur Nurul Luthfi Ibnu Tsani M Kholilurrohman M Kholilurrohman M. Sholahudin Azizi Mei Agustina Moehadi Moehadi Moh. Mustofa Moh. Saiful Anam Moh. Yusuf Dawud Munawaroh, Siti Rizqiyatul Nizar Anindita Ayuwijaya Noor, Fauzian Nugroho SBM Nur Rifai Putri Amalia, Resa Putri, Intan Firnanda Rahmawati, Laily Agustina Ramadani, Febiola Djangkaru Retno Muslinawati Rizky, Vito Satria Rosida, Sahra Dwi Irma Safitri, Silvia Niken Sahra Dwi Irma Rosida Sahra Dwi Irma Rosida Samiani, Siti Sari, Shafira Niken Selvia Dwi Safitri Shafira Niken Sari Silvi Ananda Putri Sintia, Kiki Debi siskha trifandha SITI ALFIYANA Surya Atmaja, Dimas Sutrisno SUTRISNO Syafitri, Allichia Errika Thohir, Muhammad Bakhru Tri Astuti Handayani Utomo, Izza Ahmad Winda Uswatun Khasanah Wuryaningsih Zainul Hasan