The Comparative Study of Economic Growth, Poverty Rate and Unemployment Rate In Sumatra

Abstract

This study aims to determine and analyze the effect of capital expenditure, education, investment and net exports on economic growth, poverty rate and poverty rate in Sumatra for the 2019-2023 period. Then the analysis tool used is panel data regression.  Comparative analysis of economic indicators in the provinces of Sumatra during 2019-2023 shows significant variations in capital expenditure, education, investment, net exports, economic growth, poverty rate, and poverty rate. The trend of capital expenditure varies in North Sumatra and Riau showing stable growth. Education has increased across provinces, but there are still gaps, with the Riau Islands the highest and the Bangka Belitung Islands the lowest. PMDN investment is highest in Riau, while Lampung recorded the highest growth. The highest net exports were in Riau, while several provinces experienced high volatility. Economic growth experienced a post-pandemic recovery, with Jambi recording the highest average. Poverty rates tended to decline but were still high in Aceh, while the highest poverty rates were in the Riau Islands and Aceh. Factors such as capital expenditure, education, investment, and net exports have been shown to have a positive effect on economic growth and contribute to reducing poverty and poverty, although investment has no significant impact on poverty