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Journal : Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi)

PENGARUH TENAGA KERJA, MODAL DAN TEKNOLOGI TERHADAP PERTUMBUHAN EKONOMI INDONESIA Naufal, Hanif Afif; Lastuti, Yeti; Kusumaningrum, Alifah; Negara, Dwi Ringga Edwid Dian; Mukharohmah, Maulia Siti
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 9 No 2 (2025): Edisi Mei - Agustus 2025
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31955/mea.v9i2.6349

Abstract

This study aims to analyze the impact of capital, labor, and information and communication technology (ICT) on Indonesia’s long-term economic growth. Using annual time-series data from 1971 to 2024, the analysis applies an augmented Cobb-Douglas production function. Independent variables include gross fixed capital formation, labor productivity, and ICT-based capital services growth, with real GDP as the dependent variable. Initial estimates were conducted using OLS, followed by Prais-Winsten regression to correct for autocorrelation. The results show that all three variables have a positive and significant effect on economic growth. Capital contributes the most, followed by labor and technology. These findings highlight the importance of productive investment, human capital development, and digital technology adoption in achieving sustainable economic growth