Quantitative Economics Journal
Vol 12, No 2 (2023): OKTOBER 2023

ANALYSIS OF THE EFFECT OF THE DEMOGRAPHIC BONUS ON ECONOMIC GROWTH IN NORTH SUMATRA 2015-2021

Alwi, Haddad (Unknown)
Purnomo, Diki (Unknown)
Tonggo Purba, Nico William (Unknown)
Denvico Tamba, Noel Ramot (Unknown)

Article Info

Publish Date
07 Nov 2023

Abstract

This study aims to determine whether the Demographic Bonus affects Economic Growth in North Sumatra Province. Annual data related to the Demographic Bonus from 2015 to 2021 is used. The method used in this study is multiple linear regression method. This type of research is descriptive quantitative with secondary data obtained from the Central Bureau of Statistics of North Sumatra Province. The results of the study found that the variable Labor Force Participation Rate has a positive and significant effect on economic growth in North Sumatra, this is due to when there is an increase in the labor force in North Sumatra balanced with an increase in job absorption. And  the Dependency Ratio has a positive and significant effect on economic growth.

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Journal Info
Quantitative Economics Journal
Website

Abbrev

qe

Publisher

Universitas Negeri Medan

Subject

Economics, Econometrics & Finance

Description

This journal is contained with the articles that cover the economics area that derived from the research and engineering ideas that are quantitative. The viewers, authors and future authors that expressed in this publication do not necessarily reflect the Department of Economics, Post Graduate ...