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
Full text article
References
Adawiyah, E. (2020). Kemiskinan dan penyebabnya. KHIDMAT SOSIAL, Journal of Social Work and Social Service, 1(April), 43–50. Adisti, A. (2010). The effect of economic growth and exports on poverty in Indonesia in 1998–2008[Undergraduate thesis, Andalas University].Amami, R., & Asmara, K. (2022). Analysis of the influence of PAD, DAU, DAK, and capital expenditure on poverty in Ngawi Regency. Journal of Ecobistek, 11(2), 48–54. https://doi.org/10.35134/ekobistek.v11i2.297
The Asian Journal of Professional and Business Studies, Volume 6, Issue 1 (2025), pp. 74-8685Apriliansah, L. (2024). Analysis of the influence of investment on economic growth. JICN: Journal of Intellectual and Scholars of the Archipelago, 1(2), 2401–2413. https://jicnusantara.com/index.php/jicnAstuti, S., & Mispiyanti, M. (2019). The effect of local government financial performance on economic growth, unemployment, poverty, and human development index: A case study of regencies in Central Java Province. In Proceedings of the National Seminar of the Faculty of Economics,Untidar 2019.Ayu, N. E. N., & Faisal, A. A. (2021). Measuring the impact of unemployment, education level, minimum wage, and per capita expenditure on poverty in Makassar City. Bulletin of Economic Studies, 1(1), 1–12.Dewi, A. (2006). Study of the application of cost accounting in the regional budget of Singkawang City[Undergraduate thesis, Islamic University of Indonesia].Ernawati, Y. (2024). Analysis of the influence of financial performance and capital expenditure on economic growth (Study on the Medan City Government). Journal of Learning and Self-Development, 4(1), 143–158. https://doi.org/10.47353/bj.v4i1.293Fahira, C. E., Chalisa, D., Karila, N., Rezaldi, M., Ramadhani, R. W., & Amri, K. (2023). The effect of capital expenditure on unemployment in Indonesia. Journal of Law and Economics, 2(1), 10–21. https://doi.org/10.56347/jle.v2i1.174Ghozali, I. (2013). Application of multivariate analysis with IBM SPSS 21 update PLS regression program—PublishingBoard of Diponegoro University.Hanifah, U., Septiani, Y., & Panjawa, J. L. (2023). The influence of education on economic growth in Indonesia. Webinar and Call for Paper, Faculty of Economics, Tidar University, 2(5), 145–160. http://jurnal.untagsmg.ac.id/index.php/fe/article/download/229/292Haughton, J., & Khander, S. (2012). Guidelines on poverty and inequality. Salemba Empat.Ibrahim, Z. (2016). Introduction to macroeconomics. Baraka Sharia Cooperative.Kuncoro. (2012). The definition of poverty. YKPM.Mankiw, N. G. (2013). Introduction to macroeconomics. Salemba Empat.Maulani Nisa, A., Rusdarti, & Wahyudin, A. (2023). The influence of economic growth, investment, and public spending on poverty, with the Human Development Index (HDI) as a moderating variable,in Central Java. Journal of Economics and Business, 3(2), 65–74. http://beaj.unnes.ac.idPangestu, E. C. (2019). The effect of goods and services spending, capital expenditure, employee expenditure and investment on economic growth in South Kalimantan Province. JIEP: Journal of Economics and Development, 1(1), 33–42. https://doi.org/10.20527/jiep.v1i1.1113Permatasari, A., Abd Rachim, & Sutrisno. (2024). The influence of exports and investment on economic growth in South Sumatra. Journal of Economic Education and Entrepreneurship Studies, 5(1), 57–65. https://doi.org/10.61132/jbep.v1i2.154Pramesti, I. G. A. A. (2023). Export development on the impact of unemployment in Bali Province. Remik, 7(1), 229–232. https://doi.org/10.33395/remik.v7i1.12026
The Asian Journal of Professional and Business Studies, Volume 6, Issue 1 (2025), pp. 74-8686Prawoto. (2021). Introduction to macroeconomics. PT Reflika Aditama.Saputra, I., Supeno, B., & Wardi, J. (2023). Analysis of the influence of regional original revenue (PAD) and capital expenditure on economic growth and its impact on the poverty level in Riau Province. Journal of the Management Science Community, 2(2), 234–250. http://www.jkmk.akademimanajemen.or.idSinha, J. K. (2022). Unemployment, public expenditure, and economic growth in India during the post-economic reform period. Indian Journal of Applied Business and Management Studies, 3(2), 161–174. https://doi.org/10.47509/IJABMS.2022.v03i02.02Syaiful. (2008). Definition and treatment of accounting for goods expenditure and capital expenditure in government accounting rules. Bappenas.Tjiptoherijanto, P. (2002). Population mobility and economic development(20th manuscript).Todaro, M. P., & Smith, S. C. (2013). Economic growth in the third world. Erlangga.Yunanto, A. G. (2015). Structural poverty analysis.
Authors
Copyright (c) 2025 M Nasrullah; Tita Widya Utari
This work is licensed under a Creative Commons Attribution 4.0 International License.