Jurnal Ekonomi
Vol. 11 No. 03 (2022): Jurnal Ekonomi, 2022 Periode Desember

THE IMPACT OF PROVINCIAL MINIMUM WAGE INCREASES AND ECONOMIC GROWTH RATES ON POVERTY LEVELS IN DKI JAKARTA

Sutrisno Sutrisno (Mochammad Husni Thamrin University)



Article Info

Publish Date
05 Dec 2022

Abstract

This study aims to determine the effect of the provincial minimum wage variables and the rate of economic growth on the poverty level. This study uses quantitative time series data (years 2010-2021) in DKI Jakarta Province. Based on multiple linear regression analysis, the partial test showed that the increase in the UMP had no significant effect on the poverty level in DKI Jakarta. In contrast, the economic growth rate significantly affected the poverty level in DKI Jakarta. Simultaneous testing shows that the increase in the UMP and the rate of economic growth have a simultaneous and significant effect on the poverty level in DKI Jakarta. The results of the Coefficient of Determination test, the increase in the UMP, and the economic growth rate contributed 75.9% to the poverty rate, and other variables outside this study influenced the remaining 24.1%.

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Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSNĀ 2301-6280, e. ISSNĀ 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...