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All Journal JIEP: Jurnal Ilmu Ekonomi dan Pembangunan
Jennifer Joan Pingkan
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Economics, Econometrics & Finance

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Analisis Pengaruh Upah Minimum, Inflasi, dan Tenaga Kerja Formal terhadap Produk Domestik Regional Bruto: Studi Panel Data Provinsi di Indonesia (2018-2024) Jennifer Joan Pingkan
JIEP: Jurnal Ilmu Ekonomi dan Pembangunan Vol. 8 No. 2 (2025)
Publisher : PPJP ULM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/jiep.v8i2.2725

Abstract

This study examines the impact of minimum wage, inflation, and formal employment on Regional GDP in Indonesia using panel data from 34 provinces (2018-2024). Fixed effects model results show: (1) an 1% increase in minimum wage raises GDP by 1.48% (p<0.001); (2) inflation has a positive 0.018% effect; (3) a 1% increase in formal employment boosts GDP by 0.019%. These findings confirm the importance of appropriate wage policies, inflation control, and labor formalization for regional economic growth.
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