Sofyan Syahnur
Department of Economics, Faculty of Economics and Business, Universitas Syiah Kuala, Banda Aceh 23111, Indonesia

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The Moderating Effect of Female Labor Force Participation on Economic Growth in ASEAN Tiya Rana Ammara; Sofyan Syahnur; Srinita Srinita
Ekonomikalia Journal of Economics Vol. 3 No. 2 (2025): October 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i2.327

Abstract

Despite ASEAN’s rapid economic growth, persistent gender gaps in labor participation remained underexplored as determinants of regional development. This study aimed to analyze the effects of gross fixed capital formation, information and communication technology, human capital, labor, and female labor force participation on economic growth in eight ASEAN countries from 2000 to 2023. The Panel Autoregressive Distributed Lag (ARDL) method was employed. Additionally, this study examined the moderating effect of female labor force participation on labor's contribution to economic growth. The estimation results indicated that, in the long run, gross fixed capital formation positively affected economic growth, while information and communication technology and human capital showed positive and negative effects in different models. Labor had a negative and significant effect in the long run. The moderating effect of female labor force participation strengthened the impact of labor on economic growth. The findings of this study highlighted the importance of policies that enhanced human capital quality, developed workforce skills, increased digital literacy, and empowered women to promote sustainable economic growth in the ASEAN region.
The Effect of Village Funds on Economic Growth in Aceh Province Suzanna Suzanna; Sofyan Syahnur; Muhammad Nasir
Grimsa Journal of Business and Economics Studies Vol. 4 No. 1 (2027): January 2027 (In Press)
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v4i1.133

Abstract

Village Funds are a fiscal policy instrument designed to promote local development and stimulate economic growth through various categories of village expenditure. However, their effectiveness in fostering economic growth and the mediating role of the Human Development Index (HDI) remain insufficiently explored in Aceh Province, Indonesia. This study examines the effects of Village Fund expenditures on village governance, village development, community development, community empowerment, and disaster management on the HDI and economic growth. It also investigates the mediating role of the HDI in the relationship between Village Fund expenditures and economic growth. Using panel data from 23 regencies and municipalities in Aceh Province over the period 2015–2024, this study employs panel data regression using the Random Effects Model (REM), followed by the Sobel test to assess the mediation effect. The empirical findings indicate that expenditures on village governance, community development, community empowerment, and disaster management have significant positive effects on the HDI. However, the HDI does not have a significant effect on economic growth and does not mediate the relationship between Village Fund expenditures and economic growth. These findings suggest that Village Funds may contribute to economic growth primarily through direct channels, particularly expenditures on community development and community empowerment. Therefore, Village Fund management should prioritize productive investment programs that enhance community capacity, strengthen local economic resilience, and support sustainable local development.