Jurnal Ekonomi dan Studi Pembangunan (JESP)
Vol 13, No 2 (2021)

The Effect of GRDP Sector Composition on Economic Growth in the Lake Toba Region

Dany Juhandi (Wilmar Business Indonesia Polytechnic)
Mangasa Augustinus Sipahutar (Economist, Institut Bisnis dan Informatika Kesatuan, Bogor – Indonesia)
Nilam Kemala Odang (Tax Accounting, Wilmar Business Indonesia Polytechnic)



Article Info

Publish Date
16 Oct 2021

Abstract

This study aims to analyze the effect of 17 economic sectors on economic growth in the Lake Toba Region (KDT). The data used is secondary data in the form of times series from 2010 to 2019 with panel data analysis using Fixed Model Effect (FEM). It shows a positive and significant influence between mining, energy, information, finance, and health sectors on KDT economic growth, while the other 12 economic sectors have no significant effect. An increase of 1 percent in the mining sector will incline economic growth by 1.41 percent; the energy sector will promote economic growth by 0.48 percent; the information sector will increase economic growth by 0.81 percent; the financial sector will increase economic growth by 0.78 percent; and the health sector will enhance economic growth by 1.10 percent. The government should make policies related to production and investment enhancement so that the income of each economic sector and economic growth in KDT increases. Keywords: Economic growth, Economic sector, Panel dataJEL Classification: C01, C33, O11

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Journal Info

Abbrev

JESP

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi dan Studi Pembangunan focuses on scientific papers related to development economics include critical analysis of economic development issues, local economic development, community economic development, economic growth, international trade and finance, fiscal and monetary policy, ...