Journal of Economic, Bussines and Accounting (COSTING)
Vol 7 No 5 (2024): Journal of Economic, Bussines and Accounting (COSTING)

THE EFFECT OF GRDP, MINIMUM WAGE, AND THE NUMBER OF INDUSTRIAL ENTERPRISE UNITS ON LABOR ABSORPTION IN THE MANUFACTURING SECTOR IN LAMPUNG PROVINCE 2017-2022

Ferdi Septiawan Perdana (Universitas Lampung)
Toto Gunarto (Universitas Lampung)



Article Info

Publish Date
11 Sep 2024

Abstract

The manufacturing industry plays an important role in the economy as a leading sector and as a provider of employment for the population to meet the job market. This research aims to analyze the influence of the manufacturing industry sector in absorbing labor. The variables used include Gross Regional Domestic Product (GRDP) of the manufacturing industry sector, minimum wage in Regencies/Cities, the number of manufacturing industry units in absorbing labor in the manufacturing industry sector in the Lampung Province during the period of 2017-2022. The analytical methodology used is the panel data regression analysis method using classic assumption testing, model suitability testing, t-test and f-test hypothesis testing, and coefficient of determination analysis. The results show that GRDP of the manufacturing industry sector and the number of manufacturing industry units have a positive and significant influence on labor absorption, while minimum wage in regencies/cities has a negative and significant influence on labor absorption in the Lampung Province during the period of 2017-2022

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Journal Info

Abbrev

COSTING

Publisher

Subject

Economics, Econometrics & Finance

Description

COSTING : Journal of Economic, Bussines and Accounting reviewed covers theoretical and applied research in the field of Economics, Business and Accounting. Priority is given to those articles which satisfy the main scope of the journal, and have an impact in the research areas of interest. ...