Journal of Islamic Economics and Business
Vol 4, No 1 (2024): Journal of Islamic and Economics Business

The Tendency of Economic Convergence Among Regions in Banten Province

Pramesti, Maharani (Unknown)
Ahmed, Muhammad Ali (Unknown)



Article Info

Publish Date
02 Dec 2024

Abstract

The province of Banten, as one of the developed provinces in Java Island, is expected to be able to drive the economy of other provinces. However, the good economic level in Banten Province is not followed by an even distribution of income among its regions. The Williamson Index value indicates that the inequality in Banten Province is still relatively high. Nevertheless, at some point, relatively underdeveloped regions can catch up with the more developed ones, so that the level of income among regions becomes relatively similar. This phenomenon is called economic convergence. This study aims to identify the tendency of economic convergence among regions in Banten Province and analyze the variables influencing economic growth to encourage economic convergence using a panel data regression approach. The research results indicate a tendency of economic convergence in Banten Province, with variables such as the number of poor people, the Human Development Index (HDI), and the unemployment rate playing significant roles in economic convergence.

Copyrights © 2024






Journal Info

Abbrev

jieb

Publisher

Subject

Religion Economics, Econometrics & Finance Social Sciences

Description

The Journal of Islamic Economics and Business (JIEB) is open access, peer-reviewed journal dedicated to publishing original research papers on Islamic economic and business issues. This journal is likewise committed to making the articles it publishes available to international academicians, ...