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All Journal Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Risma Dea Ramadhani
Universitas Negeri Semarang
Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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Growth Spillover Effect Pada Kawasan Germakertosusila Plus: Faktor-Faktor yang Mempengaruhi Pertumbuhan Ekonomi Tahun 2014-2023 Risma Dea Ramadhani; Annis Nurfitriyana Nihayah
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 6 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i6.8382

Abstract

The Germakertosusila Plus region recorded the lowest economic growth and the highest poverty rate in Central Java in 2014-2023. This study aims to identify the growth spillover effect between 15 districts/cities and analyze the factors that influence economic growth in the region. Using the VECM method and East Java BPS data, the results show a spillover effect between regions. In the short term, the population and spillover effect variables have a positive but insignificant effect, government spending and minimum wages have a positive and significant effect. In the long term, the population has a positive and significant effect, the government spending, minimum wages and spillover effect variables have a negative and significant effect on economic growth.
Co-Authors Annis Nurfitriyana Nihayah