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All Journal Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
Lussi Lopies
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Religion Arts Humanities Economics, Econometrics & Finance Social Sciences

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The Effect of Saving and Investment to Economic Growth in Maluku Province Teddy Christianto Leasiwal; Bin Raudha A. Hanoeboen; Celine Tamaela; Abdul Aziz Laitupa; Lussi Lopies
Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences Vol 4, No 4 (2021): Budapest International Research and Critics Institute November
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v4i4.3506

Abstract

This study aimed to analyze the effect of saving and investment to economic growth in Maluku Province. The data used in this research is secondary data obtained from the Central Statistics Agency and Bank Indonesia for the 2015-2019 period. Data analysis using data-panel regression analysis. The results of this research found that saving had a positive and significant effect to economic growth and investment had a positive and insignificant effect to economic growth in Maluku Province. Savings are positively and significantly related to economic growth because the average income of the people in Maluku Province is used for consumption and in savings. Investment is positively and not significantly related to economic growth because when there is investment there is employment, but the absorption of labor is not optimal so that investment is not significant in the reality.
Co-Authors Abdul Aziz Laitupa Bin Raudha A. Hanoeboen Celine Tamaela Teddy Christianto Leasiwal