JURNAL PENELITIAN EKONOMI DAN AKUNTANSI (JPENSI)
Vol 9 No 2 (2024): JURNAL PENELITIAN EKONOMI DAN AKUNTANSI (JPENSI)

The Effect of Education, HDI, Economic Growth, and Minimum Wage on Unemployment: A Study of 10 Provinces in the Sumatra Region: A Study of 10 Provinces in the Sumatra Region

Manihuruk, Frido Evindey (Unknown)
Gultom, Rona Hinirim (Unknown)
Ariza, Dafa (Unknown)
Lubis, Putri Kemala Dewi (Unknown)



Article Info

Publish Date
27 Jun 2024

Abstract

Unemployment is a very complex problem, especially in the Sumatra region with an average unemployment rate that exceeds the average in Indonesia. The purpose of this quantitative research is to analyze the effect of education, the human development index, economic growth, and minimum wage on unemployment in Sumatra region. This study uses secondary data obtained from the Indonesian Central Bureau of Statistics and analyzed using panel data regression by applying the Fixed Effect Model. The results showed that education and economic growth have a negative effect and HDI and minimum wage have a positive effect on unemployment. In this study, it was found that HDI and economic growth have a significant influence on unemployment, while education and minimum wage have an insignificant influence. Based on the R-squared value of 0.9137 which interprets that the independent variable affects the dependent variable by 91.37%, the remaining 8.63% is influenced by other variables outside this study. The results of this study are expected to be used as a basis for policy-making and as a literature review in further research related to unemployment.

Copyrights © 2024






Journal Info

Abbrev

jpensi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Penelitian Ekonomi Dan Akuntansi (JPENSI) adalah jurnal peer-review yang diterbitkan oleh Litbang Pemas Universitas Islam Lamongan yang terbit tiga kali dalam setahun yaitu bulan Februari, Juni dan Oktober. JPENSI telah mempublikasikan jurnal sejak Tahun 2016. JPENSI merupakan jurnal yang ...