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All Journal MIMBAR (Jurnal Sosial dan Pembangunan) Jurnal Sosial Ekonomi Pertanian Jurnal Keuangan dan Perbankan Jurnal Ekonomi dan Pembangunan Indonesia Jurnal Ilmiah Mahasiswa FEB JAM : Jurnal Aplikasi Manajemen Journal of Indonesian Applied Economics Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara dan Kebijakan Publik INTEGRITAS : Jurnal Pengabdian Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Journal of International Conference Proceedings Sanskara Akuntansi dan Keuangan Bulletin of Islamic Economics Journal of Development Economic and Social Studies (JDESS)
Ferry Prasetyia
Department Of Economics, Faculty Of Economic And Business, Brawijaya University
Agriculture, Biological Sciences & Forestry Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : MIMBAR (Jurnal Sosial dan Pembangunan)

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One Size Does Not Fit All: The Heterogenous Impact of Democracy on Economic Growth in Indonesia Hidsal Jamil; Candra Fajri Ananda; Ferry Prasetyia
MIMBAR (Jurnal Sosial dan Pembangunan) Volume 38, No. 2, (Desember, 2022) [Accredited Sinta 2] No 10/E/KPT/2019]
Publisher : Universitas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/mimbar.v0i0.10114

Abstract

Indonesia's democratic level has grown during the last decade. Unfortunately, economic growth is on the decline at the same time. Based on this phenomenon, this study investigates whether democracy has a causal impact on economic growth. The panel data used in this study spans 33 Indonesian provinces from 2009 to 2020. The fixed-effect analytical model was employed to capture the effects of changes in provincial characteristics. This study provides empirical evidence that democracy supports economic growth, even though human capital, infrastructure capital, and government and trade policies are considered in the analytical model. By splitting the sample, this study finds that democracy is a predictor of economic growth in provinces in Java and provinces in the Western Part of Indonesia. The findings in this study have implications for policymakers and researchers; ”One Size Does Not Fit All” in democracy context. The democracy-based economic growth strategy in Java and Western Indonesia needs to be maintained. Strengthening political rights and improving the quality of democratic institutions, on the other hand, are required to ensure that the economic benefits of democracy can be noticed Outside of Java and Eastern Indonesia.
Co-Authors Andhika P. Herlambang Andhika Paratama Herlambang Andistya Oktaning Listra Ardianing Pratiwi Ayunda Firdaus Chusnul Habiba Baries Ferryono Candra Fajri Ananda Chandra Mayasari Dewi Asmia Sulistia Wirandini Dias Satria Dwi Budi Santoso Farah Wulandari Pangestuty Fariz Rahman Hidsal Jamil Hidsal Jamil Israf Ilyas Kanda Diendtara Karmila Maharani Meilissa Ike Dien Safitri Moh. Khusaini Mohamad Khusaini Mohamad Khusaini Muhammad Pudjihardjo Munawar Ismail Muthia Alvi Aulia Wahyudianti Nur Halimah Halimah Palestin Tara Lathifaniya Rahma Dewi Pristian Putri Ri Setia Hutama Rienalvyn Andri Maulana Rima Melati Anggraeni Rima Melati Anggraeni Rima Melati Anggraeni Ronny Ersya Novianto Putra Shem Dwi Nehemia Sherlita Nurosidah Terbit Nur Fatahillah Yennie Dwi Rozanti