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Analisis Sejarah Ekonomi Terhadap Aliran Institusional Anisa Sanas Nalamjra; Sasmi Ebigael Sinaga; Nur Aini Simbolon; Bonaraja Purba
Moneter : Jurnal Ekonomi dan Keuangan Vol. 2 No. 1 (2024): Januari : Moneter : Jurnal Ekonomi dan Keuangan
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/moneter.v2i1.138

Abstract

Institutional Economics is a school of thought in economics which contains the view that economic behavior, where a person or party is greatly influenced by certain institutions. In this case, institutions themselves have a fairly broad meaning and can be briefly defined as the "rules of the game" in a community group, both formal and informal, which are deliberately designed to limit or regulate relationships between people within that community group. Formal institutions can be in the form of rules, regulations, statutory law and others; while informal institutions can be conventions, trends, culture, and so on. Thus, institutions here are not the same as organizations. The Institutional School initially emerged as a refutation of the neo-classical economic view or school which states that a person's economic behavior is solely based on each individual's desire to maximize profits (maximizing profit behavior). The term "institutional economics" was first introduced by Walton Hamilton in 1919.
Analysis Of The Influence Of Domestic Investment, Foreign Investment On The Rate Of Economic Growth In North Sumatra Period (2001-2020) Anisa Sanas Nalamjra; Nur Aini Simbolon; Sasmi Ebigael Sinaga; Hasyim
Jurnal Manajemen Bisnis Eka Prasetya Vol 9 No 2 (2023): : Edisi September
Publisher : LPPM STIE EKA PRASETYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47663/jmbep.v9i2.315

Abstract

The phenomenon in this research is that when economic growth experiences an increase, domestic investment, foreign investment and the labor force experience fluctuations over several years. The aim of this research is to analyze the influence of Domestic Investment, Foreign Investment and Labor Force on the Economic Growth of North Sumatra Province. PMDN has an effect on economic growth because domestic investment can provide various benefits, including being able to save foreign exchange and reducing dependence on foreign products. Foreign Investment (PMA) and Domestic Investment (PMDN) is an important source of financing for developing regions and is able to make a significant contribution to development. As a component of capital flows, PMA is considered a relatively stable capital flow compared to other capital flows, for example portfolio investment and foreign debt. The aim of this research is to find out what effect domestic investment and foreign investment have on the rate of economic growth in North Sumatra in the 2001-2020 period.