Socio-Economic and Humanistic Aspects for Township and Industry
Vol. 3 No. 4 (2025): Socio-Economic and Humanistic Aspects for Township and Industry

Analyzing the Influence of Investment and Government Expenditure on Regional Economic Growth: Evidence from Bengkulu Province (2003-2023)

Esti Pasaribu (Unknown)
Apriyanti, Cikit (Unknown)



Article Info

Publish Date
26 Oct 2025

Abstract

This study examines the influence of investment and government expenditure on economic growth in Bengkulu Province, based on time series data from the Badan Pusat Statistik (BPS) of Bengkulu Province for the period 2003–2023. The research method employs multiple linear regression with economic growth (GRDP) as the dependent variable, and investment and government expenditure as independent variables. The results indicate that statistically, investment and government expenditure have no significant effect on economic growth in Bengkulu. However, the GRDP variable itself has a positive and significant effect on economic growth, with a coefficient of 0.281. The study concludes that the increase in investment and government spending has not yet had a tangible impact on accelerating Bengkulu’s economic growth within the model used. Therefore, further in-depth studies and supportive policies are needed so that investment and government expenditure can effectively contribute to regional economic growth. The research also discusses theories of investment, government expenditure, and economic growth, as well as reviews previous studies on the impact of investment and government spending on economic growth in other regions, which show varied results.

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Journal Info

Abbrev

sehati

Publisher

Subject

Religion Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

Description

Socio-Economic and Humanistic Aspects for Township and Industry are dedicated to fostering comprehensive research and scholarly discourse within the dynamic realms of urban development, economic intricacies, and the intricate humanistic dimensions encountered within industrial and urban landscapes. ...