Jurnal Ekonomi & Studi Pembangunan
Vol 24, No 2: October 2023

The impacts of worker and total sales of SMEs on economic growth in Central Java Province: Evidence from ARDL Bound Test

Irianto, Heru (Unknown)
Cahyadin, Malik (Unknown)
Widyamurti, Nidyah (Unknown)
Harini, Harini (Unknown)
Sarmidi, Tamat (Unknown)
Wei, Yong Sze (Unknown)

Article Info

Publish Date
07 Nov 2023

Abstract

This study attempts to examine the impact of workers and total sales of SMEs on economic growth in Central Java Province throughout 2009:1 – 2020:4. The ARDL Bound Test is employed. The findings reveal that worker and total sales have a positive, significant, and linear impact on economic growth in the short-run. Total sales also have a positive, significant, and linear impact on economic growth in the long-run. Conversely, there is no evidence of workers' impact on economic growth. In addition, workers and total sales have a long-run cointegration on economic growth. Therefore, the local government of Central Java Province should emphasize the contribution of SME workers and total sales to stimulate economic growth in the long-run.

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Journal Info
Jurnal Ekonomi & Studi Pembangunan
Website

Abbrev

esp

Publisher

Universitas Muhammadiyah Yogyakarta

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi & Studi Pembangunan (JESP) focuses on research papers relating to development economics and multidisciplinary concern to systemic problems in developing countries particularly using quantitative or theoretical work in which novelty is essential. JESP does not publish manuscripts in ...