THE EFFECT OF INVESTMENT ON INDONESIA'S ECONOMIC GROWTH WITH GOVERNMENT EXPENDITURES AS A MODERATING VARIABLE

Authors

  • Rizal R. Manullang STIE-IBEK Pangkalpinang, Indonesia
  • Evi Sirait Politeknik Maritim Negeri Indonesia, Indonesia
  • Heppi Syofya Sekolah Tinggi Ilmu Ekonomi Sakti Alam Kerinci, Indonesia, Indonesia
  • Muhamad Azkia STIEBS NU Garut, Indonesia, Indonesia
  • Iwan Harsono Universitas Mataram, Indonesia, Indonesia

DOI:

https://doi.org/10.29040/jie.v8i2.13263

Abstract

Abstract This research is quantitative research with an explanatory approach which uses a number of previous studies such as the five mentioned above as references for finding new variations in the research being carried out. The data used in this research is secondary data that researchers obtained from the annual reports of the Central Statistics Agency from 2004 to 20024 for 20 years. The researchers analyzed these data using the Samrt PLS 4.0 analysis tool with several stages, namely validity testing, reliability testing, and path coefficients which determine whether the hypotheses used in this research can be accepted or not. The result in this article show that the investment variable can have a positive relationship and a significant influence on economic growth because the P-Values have a positive value and are below the 0.05 significance level, namely 0.013.. This means that the more stable, large and well-utilized Indonesia is, the better the economic growth will be. In contrast to the research results above, in the second row of the third table the flow coefficients in this research show different results if the Government Expenditure variable does not have a positive and significant influence on Economic Growth because the P-Values are not below the 0.05 significance level. This means that the greater the Government Expenditure, it does not affect Economic Growth at all because there are still many other factors and variables that need to be considered, such as Good Corporate Governance variables, Education variables, HDI, and so on which make sense in influencing Economic Growth. Based on the explanation above, it can be concluded that the first hypothesis in this research can be accepted and the second hypothesis in this research cannot be accepted. Keywords: Investment, Economic Growth, Government Expenditures

References

REFERENCES

Abdurahman, Soejana. 2016. Metodologi Penelitian. Jakarta: Sinar Grafika.

Ainul Mardhiah. 2022. Fakultas Ekonomi Dan Bisnis Islam Universitas Islam Negeri Ar-Raniry “Pengaruh Pertumbuhan Ekonomi Regional Dan Investasi Terhadap Pengangguran Di Indonesia.†Https://Www.Who.Int/News-Room/Fact-Sheets/Detail/Autism-Spectrum-Disorders.

Dewi, Yuliani Et Al. 2022. “Dampak Kenaikan Harga Bahan Bakar Minyak (Bbm) Terhadap Sembilan Bahan Pokok (Sembako) Di Kecamatan Tambun Selatan Dalam Masa Pandemi.†Jurnal Citizenship Virtues 2(2): 320–26.

Felisya, Rita, And Agus Zainul Arifin. 2022. “Pengaruh Financial Attitude, Risk Perception Terhadap Investment Intention Pada Pasar Saham Indonesia.†Jurnal Manajerial Dan Kewirausahaan 4(4): 899–907.

Ghozali, I. 2016. Aplikasi Analisis Multivariete Dengan Program (Ibm. Spss). Diponergoro: Univrsitas Dipenogoro.

Ghufran Riziqurrahman. 2016. “Analisis Pengaruh Investasi, Inflasi, Jumlah Tenaga Kerja, Dan Pengeluaran Negara Terhadap Pertumbuhan Ekonomi Di Indonesiatahun 2000-2018.â€

Hair. 2010. Multivariate Data Analysis, Seventh Editions. Prentice Hall: New Jersey.

Halim, Y. K. E. 2015. “Financial Stressors, Financial Behavior, Risk Tolerance, Financial Solvency, Financial Knowledge, Dan Kepuasan Finansial.†Jurnal Finesta 3(1): 19–23.

Hidayat, Taufik. 2011. Pintar Investasi. Jakarta: Mediakarta.

Indonesia, Republik. 1958. “Undang-Undng Nomon 78 Tahun 1958 Tentang Penanaman Modal Asing.†Bphn: 1. Www.Bphn.Go.Id.

Jonathan Sarwono. 2016. Meode Penelitian Kualitatif Dan Kuantitatif. Bandung: Graha Ilmu.

Lating, Irma Suryani. 2019. “Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Sustainability Report Sebagai Variabel Moderating Sutjipto Ngumar Titik Mildawati.†Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi 15(1): 129–44.

Li, Hongyi, And Hiang Liang. 2010. “Health, Education, And Economic Growth In East Asia.†Journal Of Chinese Economic And Foreign Trade Studies 3(2): 110-131.

Lusiarista. 20222. “Peran Perempuan Terhadap Pertumbuhan Ekonomi Di Karesidenan Pati Periode 2015-2020. Sosial Science Studies.†Sosial Science Studies 2(3): 197–214.

Lutfi Amelina Dewi. 2022. Fakultas Bisnis Dan Ekonomika Universitas Islam Indonesia “Nalisis Pengaruh Investasi, Ekspor, Pengeluaran Pemerintah, Tingkat Pendidikan, Dan Tenaga Kerja Terhadap Pertumbuhan Ekonomi Di Indonesia Tahun 2011 - 2020.†Https://Www.Who.Int/News-Room/Fact-Sheets/Detail/Autism-Spectrum-Disorders.

Manzilati, A. 2017. Metodologi Penelitian Kualitatif Paradigma, Metode, Dan Aplikasi. Malang: Ub Press.

Nawangsari. 2019. “How The Green Human Resources Management (Ghrm) Process Can Be Adopted For The Organization Business.†Atlantis Press 65(1): 27.

Novriansyah, Mohamad Arif. 2018. “Pengaruh Pengangguran Dan Kemiskinan Terhadap Pertumbuhan Ekonomi Di Provinsi Gorontalo.†Gorontalo Development Review 1(1): 59–73.

Nugraha, Alvi, And Sri Surjani Tjahjawati. 2018. “Pengaruh Kompensasi Terhadap Kinerja Karyawan.†Jurnal Riset Bisnis Dan Investasi 3(3): 24.

Nugroho, Ginanjar Aji. 2016. “Analisis Pengaruh Pengeluaran Pemerintah Terhadap Pertumbuhan Ekonomi Dan Indeks Pembangunan Manusia Di Indonesia.†Indonesian Treasury Review Jurnal Perbendaharaan Keuangan Negara Dan Kebijakan Publik 1(1): 39–50.

Prasetio, Azizah Dwi Putri, Sri Murni, And Arrazi Bin Hasan Jan. 2022. “Analisis Pengaruh Kinerja Keuangan Terhadap Harga Saham Pada Perusahaan Farmasi Yang Terdaftar Di Bei Masa Pandemi.†Jurnal Emba 10(4): 2050–60.

Purwanto, Hadi, Delfi Yandri, And Maulana Prawira Yoga. 2022. “Perkembangan Dan Dampak Financial Technology (Fintech) Terhadap Perilaku Manajemen Keuangan Di Masyarakat.†Kompleksitas: Jurnal Ilmiah Manajemen, Organisasi Dan Bisnis 11(1): 80–91.

Rafiq, Muhammad. 2016. “Pengaruh Pengeluaran Konsumsi Rumah Tangga, Investasi Dan Pengeluaran Pemerintah Terhadap Pertumbuhan Ekonomi Di Indonesia Tahun 2001:T1-2010:T4.†Economic Development 4: 67.

Ramadhan, Muhammad Iqbal, And Laras Auditria Putri. 2023. “Analisis Kinerja Keuangan Perusahaan Terhadap Harga Saham.†Malia: Journal Of Islamic Banking And Finance 7(2): 1391–1400.

Saripudin, Saripudin, Prameswara Samofa Nadya, And Muhammad Iqbal. 2021. “Upaya Fintech Syariah Mendorong Akselerasi Pertumbuhan Umkm Di Indonesia.†Jurnal Ilmiah Ekonomi Islam 7(1): 41.

Sarstedt, Marko Et Al. 2014. “Partial Least Squares Structural Equation Modeling (Pls-Sem): A Useful Tool For Family Business Researchers.†Journal Of Family Business Strategy 5(1): 105–15.

Sugiyono. 2019. Metode Penelitian Kuantitatif, Kualitatif, R&D.

Suparmoko, Muhammad. 2020. “Pembangunan Nasional Dan Regional.†Jurnal Ekonomika Dan Manajemen 9(1): 39–50.

Trisbiani, Meyda Dewi, Amanatur Rizqiyah, And Amira Dian Novita. 2020. “Pengaruh Kinerja Keuangan Terhadap Harga Saham Pt. Krakatau Steel Tahun 2015-2019.†Malia: Journal Of Islamic Banking And Finance 4(1): 69.

Downloads

Published

2024-05-09

How to Cite

Manullang, R. R., Sirait, E., Syofya, H., Azkia, M., & Harsono, I. (2024). THE EFFECT OF INVESTMENT ON INDONESIA’S ECONOMIC GROWTH WITH GOVERNMENT EXPENDITURES AS A MODERATING VARIABLE. JURNAL ILMIAH EDUNOMIKA, 8(2). https://doi.org/10.29040/jie.v8i2.13263

Issue

Vol. 8 No. 2 (2024): EDUNOMIKA

Section

Articles

Citation Check

Most read articles by the same author(s)

1 2 > >>