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All Journal Jurnal Ekonomi & Studi Pembangunan
Wei, Yong Sze
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Economics, Econometrics & Finance

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The impacts of worker and total sales of SMEs on economic growth in Central Java Province: Evidence from ARDL Bound Test Irianto, Heru; Cahyadin, Malik; Widyamurti, Nidyah; Harini, Harini; Sarmidi, Tamat; Wei, Yong Sze
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 2: October 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i2.19162

Abstract

This study attempts to examine the impact of workers and total sales of SMEs on economic growth in Central Java Province throughout 2009:1 – 2020:4. The ARDL Bound Test is employed. The findings reveal that worker and total sales have a positive, significant, and linear impact on economic growth in the short-run. Total sales also have a positive, significant, and linear impact on economic growth in the long-run. Conversely, there is no evidence of workers' impact on economic growth. In addition, workers and total sales have a long-run cointegration on economic growth. Therefore, the local government of Central Java Province should emphasize the contribution of SME workers and total sales to stimulate economic growth in the long-run.
Co-Authors Harini Harini Heru Irianto Malik Cahyadin Sarmidi, Tamat Widyamurti, Nidyah