Open AccessFAKTOR YANG MEMPENGARUHI PERTUMBUHAN EKONOMI SUMATERA UTARA
Author(s) -
Elly Suharyadi
Publication year - 2020
Publication title -
quantitative economics journal
Language(s) - English
Resource type - Journals
eISSN - 2089-7995
pISSN - 2089-7847
DOI - 10.24114/qej.v3i3.17448
Subject(s) - gross fixed capital formation , economics , fixed investment , natural resource , fixed effects model , capital formation , fixed capital , agricultural economics , gross domestic product , panel data , human capital , economic growth , econometrics , biology , ecology , financial capital
The results from the fixed effects model analysis show that the natural resources,gross fixed capital formation, and technology have a significant and positive effectsimultaneously on economic growth in North Sumatra. While labor has a nonsignificant effect on economic growth in North Sumatra. Effect of natural resources, gross fixed capital formation, and technology on economic growth is inelastic and shows a diminishing return for the all the sources of growth. The largest source of economic growth that affects economic growth in North Sumatra is gross fixed capital formation by 0.497 and the largest increase in economic growth due to changes in the sources of economic growth is Pematangsiantar by 5,235 percent, while the smallest is Tanjungbalai City by 2,234 percent.