Enrichment : Journal of Management
Vol. 13 No. 2 (2023): June: Management Science And Field

The influence of investment indirect and direct expenditure work force and education on economic growth in North Sumatera

Sischa Mahyasari Br Rangkuti (Universitas Sumatera Utara, Indonesia)
Raina Linda Sari (Universitas Sumatera Utara, Indonesia)
Irsyad (Universitas Sumatera Utara, Indonesia)



Article Info

Publish Date
06 Jun 2023

Abstract

Background: Economic development is an important issue of a country's economy which has been planned every year on an ongoing basis in the long term towards a more reversed state for a certain period. Aims: This study aims to analyze the influence of investment, indirect and direct spending, labor force, and education on economic growth in North Sumatra. Methods: This study used secondary data from 1990 to 2020. The analysis Model used is ECM (Error Correction Model). Results: Based on the results of research on short - term and long-term investment variables have a positive and significant effect in North Sumatra, variables of direct spending and indirect spending have a positive and significant effect in the short and long term in North Sumatra. Conclusions: Labor force variables have a positive and significant effect in the short and long term in North Sumatra. and educational variables have a positive and significant effect on economic growth in North Sumatra. The implication of this study shows that both financial investment and simultaneous positive effects have a significant positive effect on the realization of PMDN value on economic growth in the North Sumatra with an investment rate of = 5%

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Journal Info

Abbrev

enrichment

Publisher

Subject

Economics, Econometrics & Finance

Description

The Enrichment : Journal of Management offers wide ranging and widespread analysis of all surfaces of management and science. Published two times per year, it delivers a emphasis for universal proficiency in the vital methods, techniques and areas of research; presents a opportunity for its readers ...