Open AccessThe economic growth and affecting factors in Sumatera island
Author(s) -
Yolanda Yolanda,
Patria Nagara,
Sumarni Sumarni,
Efiani Efiani
Publication year - 2021
Publication title -
accounting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.175
H-Index - 5
eISSN - 2369-7407
pISSN - 2369-7393
DOI - 10.5267/j.ac.2020.12.009
Subject(s) - openness to experience , panel data , gross domestic product , economics , unemployment , investment (military) , affect (linguistics) , poverty , development economics , economic expansion , demographic economics , economic growth , macroeconomics , econometrics , political science , politics , psychology , social psychology , linguistics , philosophy , law
The indicators of success in macro development can be measured from the economic growth, which is reflected in changes in the Gross Regional Domestic Product (GRDP). The factors which affect the economic growth are very complex. This study analyzes the economic growth and the factors that affect Sumatra island. The data used is panel data with descriptive analysis techniques and multiple linear regression. Based on the research results: Education, economic openness, road infrastructure, and investment have a positive and significant effect on economic growth and poverty and unemployment have a negative and significant effect on economic growth. Besides, the results of panel data explained that the openness of the economy to economic growth is very low, while the highest is education.