Jurnal Ekonomi Dan Bisnis
Vol 26, No 1 (2023): JURNAL EKONOMI DAN BISNIS MARET 2023

INFLASI, UPAH DAN PENGANGGURAN DI KABUPATEN MAJALENGKA (PENDEKATAN ERROR CORRECTION MODEL)

L Suparto LM (Majalengka University)
Pipih Sopiyan (Universitas Majalengka)



Article Info

Publish Date
25 Mar 2023

Abstract

The purpose of this research is to look at the short-term and long-term impacts of inflation and wages on unemployment in Majalengka Regency. The subjects of this research analysis are inflation, wages, and unemployment in Majalengka Regency from 2008 to 2022, this study employs a quantitative approach, meaning the use of numbers. Secondary data were acquired from archives issued by the West Java Province and Majalengka Regency's Central Bureau of Statistics. The Domowitz-El Badawi error correction model was employed in the analysis. According to the findings, inflation has a positive impact on unemployment in the near term but a negative and significant impact on it in the long run. This suggests that inflation remains a concern for the economy, particularly in the short term. The impact of wages on unemployment is negative and considerable both in the short and long terms. This indicates that too high wages may cause the demand for work  decline, which would increase unemployment. To keep wages at a level that balances the supply and demand for labor, a collective agreement is thus required between workers, the government, and businesses. This will assist to reduce the long-term detrimental effects of inflation and wages on unemployment.

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Journal Info

Abbrev

jebi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal ekonomi dan Bisnis adalah jurnal yang mempublikasikan hasil -hasil penelitian dan kajian pustaka dibidang ekonomi manajemen, Akuntansi dan Bisnis. Jurnal Ekonomi dan bisnis Terbit secara berkala dua kali dalam setahun yaitu dibulan Maret dan September. ...