JEJAK
Vol 10, No 2 (2017): September 2017

Agricultural Sector Investment Need in Increasing Economic Growth

Nasir, Muhammad (Unknown)
Faizun, Nurul (Unknown)
Syechalad, Mohd. Nur (Unknown)



Article Info

Publish Date
10 Sep 2017

Abstract

This paper is aimed to analyze the need of investment in agricultural sector in increasing economic growth in Aceh Province. The priority in developing agricultural commodities increases economic growth in Aceh Province. This research used secondary data sources from Indonesian Statistic Board (BPS) and other related data sources. Meanwhile, the research method used is Incremental Capital Output Ratio (ICOR) Analysis. Based on the research results, it is found that the ICOR in crop plantation, livestock, forestry, and fisheries sub sectors are 2.926, 0.000, 0.108, and 0.298. This means that in achieving economic growth by 1 percent in all four commodities, its need the growth of investment in crop plantation, livestock, forestry, and fisheries sub sectors as much as 2.926, 0.000, 0.108, and 0.298 percent each. Furthermore, in achieving 4 percent economic growths, the developing of commodities that have the effect on economic welfare, it needs the investment for the five years period as much as 286 billion rupiah or equivalent with 58.1 percent of Gross Domestic Regional Product (GDRP) of Aceh Province. Thus, based on the research results, it is recommended that the Aceh Government should promote investment in agricultural sector in promoting economic growth in Aceh Province.

Copyrights © 2017






Journal Info

Abbrev

jejak

Publisher

Subject

Economics, Econometrics & Finance

Description

JEJAK: Jurnal Ekonomi dan Kebijakan p-ISSN 1979-715X | e-ISSN 2460-5123 is a scientific journal that contains the results of research and theoretical studies in the field of economic development, especially on matters of economic policy in Indonesia was published by the Department of Economic ...