Dedy Yuliawan
Faculty of Economics and Busines, University of Lampung

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Navigating Economic Growth: The Role of Twin Deficits in APEC Member Economies Resti Amalina; Dedy Yuliawan; Nurbetty Herlina S
International Journal of Economics, Business and Innovation Research Vol. 3 No. 05 (2024): International Journal of Economics, Business and Innovation Research (IJEBIR)
Publisher : Cita konsultindo

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Abstract

This research examines how the twin deficits (budget deficit and trade balance) influence economic growth in APEC members. Economic growth serves in place of the variable that is dependent, with the budget deficit and balance of trade as the variables that are independent. The 15 APEC member economies that are covered by the panel data was employed in this inquiry for the years 2018–2021. Throughout the investigation, panel data regression was adopted and the Common Effect Model (CEM) was decided on. As shown by its findings, the budget deficit significantly and favorably affects economic growth, whereas the trade balance has no appreciable effect. Both balance of trade and budget shortfall have a notable effect on growth of the economy concurrently.
Paradox: Regional expenditure and GRDP in Sumatra Island 2017-2022 Nadiya Hasna Adyanka; Heru Wahyudi; Moneyzar Usman; Dedy Yuliawan
International Journal of Economics, Business and Innovation Research Vol. 3 No. 05 (2024): International Journal of Economics, Business and Innovation Research (IJEBIR)
Publisher : Cita konsultindo

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Abstract

Economic growth is an important role of government in a region through appropriate fiscal policy. Fiscal policy is part of government spending, namely in the form of the APBN and APBD budgets. This study aims to see how the influence of Employee Expenditure, Goods and Services Expenditure, and Capital Expenditure on GRDP on the island of Sumatra. The data used in this study are secondary data, while the analysis method used is the panel data regression method from 2017-2022 in Sumatra Island Province. This study uses dependent variables and independent variables. The dependent variable used is Gross Regional Domestic Product (GRDP) and the independent variables include Employee Expenditure, Goods and Services Expenditure, and Capital Expenditure. The results showed that employee expenditure and capital expenditure had a positive and significant effect on GRDP on the island of Sumatra, while goods expenditure had a negative and significant effect on GRDP on the island of Sumatra.