Journal of Management Studies and Development
Vol. 3 No. 01 (2024): Journal of Management Studies and Development

The Impact of Human Development Index, Minimum Wage, Labor Force Participation Rate, and Open Unemployment Rate on Economic Growth

Irawan, Toni (Unknown)
Khoirudin, Rifki (Unknown)

Article Info

Publish Date
03 Mar 2024

Abstract

This research aims to identify factors influencing the economic growth of Bali Province. The dependent variable used is economic growth, while the independent variables include the Human Development Index, Provincial Minimum Wage, Labor Force Participation Rate, and Open Unemployment Rate. The research employs a quantitative method, utilizing panel data regression with the Random Effect Model (REM). The findings reveal that the Open Unemployment Rate and Provincial Minimum Wage variables significantly and negatively impact economic growth. Conversely, the Labor Force Participation Rate  variable significantly and positively influences economic growth. However, the Human Development Index variable does not demonstrate a significant impact and holds a positive value on economic growth.

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Journal Info
Journal of Management Studies and Development
Website

Abbrev

JMSD

Publisher

Indonesian Institute of Science and Technology Research

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Description

Journal of Management Studies and Development is an open-access, multidisciplinary journal in management research. JMSD publishes original empirical and conceptual studies that promote management and organizational research. It embraces a diverse variety of methodologies and philosophical ...