Izzan Shulhan Albar
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Analisis Peran Akumulasi Modal dalam Pertumbuhan Ekonomi: Faktor-Faktor Pendorong Pertumbuhan Ekonomi di Indonesia Herlina Reva Carita; Haura Khalisa Hakim; Raden Naufal Hilmi Saputra; Ni Komang Mia Fabiola; Izzan Shulhan Albar; Vanessa Azahra Rohman; Ahmad Setiawan Nuraya
Dharma Ekonomi Vol. 32 No. 1 (2025): DHARMA EKONOMI
Publisher : sekolah Tinggi Ilmu Ekonomi Dharmaputra Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59725/de.v32i1.230

Abstract

Economic growth is a complex process influenced by various factors, one of which is capital accumulation. Capital accumulation plays a crucial role in increasing production capacity, creating employment opportunities, and enhancing labor productivity. This study analyzes the role of capital accumulation in Indonesia’s economic growth by highlighting key factors contributing to national output expansion. Using the growth accounting approach and neoclassical growth theory, this research confirms that while capital accumulation contributes to per capita income growth, long-term economic growth remains dependent on efficient resource allocation and productivity improvements through innovation and human capital development. The Cobb-Douglas production model is applied to understand the relationship between capital, labor, and output in determining economic growth rates. The findings indicate that countries with higher savings and investment rates tend to experience faster economic growth. Therefore, economic policies focusing on increasing investment, strengthening human capital, and optimizing resource allocation are key factors in accelerating Indonesia’s economic growth.
Dampak Perubahan Anggaran terhadap Output dan Pertumbuhan Ekonomi di Indonesia dalam Sisi Income and Spending Carita, Herlina Reva; Hakim, Haura Khalisa; Saputra, Raden Naufal Hilmi; Fabiola, Ni Komang Mia; Albar, Izzan Shulhan; Rohman, Vanessa Azahra; Nuraya, Ahmad Setiawan
JSE: Jurnal Sharia Economica Vol. 4 No. 3 (2025): Juli
Publisher : LPPM STAI Muhammadiyah Probolinggo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46773/jse.v4i3.2148

Abstract

This study aims to analyze the impact of budget changes on output and economic growth in Indonesia through the income and spending approach. Using a descriptive method that combines qualitative analysis and secondary quantitative data, this research examines data on state revenue, government expenditure, and Gross Domestic Product (GDP) from 2019 to 2024. The analysis results show that changes in budget allocation, especially during the Covid-19 pandemic, have had a significant effect on aggregate demand and the national economic performance. Although there was a decline in state revenue in 2020, increased government spending in strategic sectors successfully supported economic recovery and growth in the following years. Graphs and tables support the findings that maintaining a balance between revenue and expenditure is key to economic stability. Therefore, appropriate and adaptive fiscal policies are crucial to supporting sustainable economic growth in Indonesia.