Bulletin of Islamic Economics
Vol. 2 No. 1 (2023)

Determinants of Unemployment Rate in Indonesia (2011-2021 Period)

Minah, Naelul (Unknown)
Sekaringsih, Riswanti Budi (Unknown)



Article Info

Publish Date
15 Jun 2023

Abstract

This study aims to analyze the effect of economic growth, inflation, Human Development Index (HDI), Regional Minimum Wage (UMR) and investment on unemployment rates in Indonesia. The type of this study is quantitative research. Econometric analysis in this study is panel data analysis with a fixed effect model and a random effect model on the secondary data from the Indonesian Central Statistics Agency in 2011-2021 for 33 provinces. The results show that independent variables simultaneously have a significant effect on the unemployment rate in Indonesia during the period 2011-2022. Partially, the variables of Inflation, Human Development Index (HDI), Regional Minimum Wage (UMR) and investment have a significant and significant effect on the unemployment rate. At the same time, the Gross Regional Domestic Product (GRDP) variable does not affect Indonesia's unemployment rate during 2011-2022.

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Journal Info

Abbrev

bie

Publisher

Subject

Economics, Econometrics & Finance

Description

Bulletin of Islamic Economics (BIE) is designed to provide a forum for researchers or academicians and also practitioners who are interested in knowledge and in discussing ideas, issues, and challenges in the field of Islamic economics. BIE aims to provide fast access to high-quality papers and a ...