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Journal : Journal of Business Management and Economic Development

Impact of Economic Growth, Minimum Wage, Labor Force Participation Rate, and Population Size on the Open Unemployment Rusydan, Raden Muhammad; Wijaya, Riko Setya
Journal of Business Management and Economic Development Том 2 № 03 (2024): September 2024
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.911

Abstract

Unemployment is a complex economic issue where individuals capable and willing to work cannot find suitable employment. This study examines the impact of economic growth, minimum wage, labor force participation rate (LFPR), and population size on the open unemployment rate (OUR) in Sidoarjo Regency. Using secondary time series data from 2009 to 2023, a descriptive quantitative approach with multiple linear regression analysis was employed, processed with SPSS 25 software. The findings indicate that, simultaneously, all variables significantly influence the open unemployment rate (OUR). Specifically, economic growth shows a negative but insignificant effect, minimum wage has a positive significant effect, labor force participation rate (LFPR) exhibits a negative but insignificant effect, and population size demonstrates a negative significant effect. This study provides insights into the dynamics influencing unemployment in Sidoarjo Regency, highlighting the critical roles of minimum wage and population size in shaping the employment landscape. Understanding these factors can help policymakers develop strategies to reduce unemployment and promote economic stability.
Investigating the impact of tourism on gross regional domestic product growth in Batu City Adiarti, Yuanita Soca; Wijaya, Riko Setya
Journal of Business Management and Economic Development Том 2 № 03 (2024): September 2024
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1061

Abstract

Batu City is a tourism city that has great potential in East Java Province. However, based on existing data, the Gross Regional Domestic Product of Batu City's tourism sector in 2020 has decreased significantly compared to other cities in East Java. This research aims to examine the influence of the number of tourist attractions, number of tourists, number of hotels, and number of restaurants on Gross Regional Domestic Product in Batu City. This research uses secondary data in the form of a time series covering 12 years, from 2011 to 2022. Data analysis was carried out using the multiple linear regression method using SPSS 27 software. Based on the results of the analysis, overall, the independent variables such as the number of tourist attractions, number of tourists, number of hotels, and number of restaurants have a positive influence on GRDP. However, partially the number of tourist attractions, the number of tourists, and the number of restaurants have an insignificant positive influence on GRDP, while the number of hotels has a positive and significant influence on GRDP in Batu City.