Jurnal Pamator : Jurnal Ilmiah Universitas Trunojoyo Madura
Vol 18, No 4: October - December 2025

THE EFFECT OF PMDN AND SUKUK ON LABOR ABSORPTION THROUGH GRP IN MEDAN CITY

Hasibuan, Winda Khairani (Unknown)
Tambunan, Khairina (Unknown)
Harahap, Muhammad Ikhsan (Unknown)



Article Info

Publish Date
14 Oct 2025

Abstract

The results of this study indicate that increases in domestic investment (PMDN) and the utilization of Sukuk play a significant role in driving labor absorption in Medan City, both partially and simultaneously. Specifically, PMDN has a significant effect on employment, with a t-value of 3.600 and a significance level of 0.001, while Sukuk also shows a meaningful partial influence, reflected by a t-value of 3.933 and a significance level of 0.000. Together, the combined effect of PMDN and Sukuk on employment is substantial, as evidenced by an F-value of 86.179, far exceeding the F-table reference of 3.35, accompanied by a significance level of 0.000. These findings indicate that strengthening domestic investment and optimizing Islamic financial instruments like Sukuk not only positively impact GRDP as an intervening variable but also directly enhance employment opportunities in Medan City.Keywords: Domestic Investment, Sukuk,Labor Absorption

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Journal Info

Abbrev

pamator

Publisher

Subject

Humanities Economics, Econometrics & Finance Social Sciences

Description

PAMATOR JOURNAL is the Journal of Social Sciences, Economics and Humanities, published by the Institute for Research and Community Service Trunojoyo University, 2 times a year (April and ...