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All Journal Enrichment : Journal of Management
Raina Linda Sari
Universitas Sumatera Utara, Indonesia
Economics, Econometrics & Finance

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The influence of investment indirect and direct expenditure work force and education on economic growth in North Sumatera Sischa Mahyasari Br Rangkuti; Raina Linda Sari; Irsyad
Enrichment : Journal of Management Vol. 13 No. 2 (2023): June: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i2.1318

Abstract

Background: Economic development is an important issue of a country's economy which has been planned every year on an ongoing basis in the long term towards a more reversed state for a certain period. Aims: This study aims to analyze the influence of investment, indirect and direct spending, labor force, and education on economic growth in North Sumatra. Methods: This study used secondary data from 1990 to 2020. The analysis Model used is ECM (Error Correction Model). Results: Based on the results of research on short - term and long-term investment variables have a positive and significant effect in North Sumatra, variables of direct spending and indirect spending have a positive and significant effect in the short and long term in North Sumatra. Conclusions: Labor force variables have a positive and significant effect in the short and long term in North Sumatra. and educational variables have a positive and significant effect on economic growth in North Sumatra. The implication of this study shows that both financial investment and simultaneous positive effects have a significant positive effect on the realization of PMDN value on economic growth in the North Sumatra with an investment rate of = 5%
Co-Authors Irsyad Sischa Mahyasari Br Rangkuti