THE EFFECT OF INVESTMENT AND EXPORTS ON GROSS REGIONAL DOMESTIC PRODUCT (GRDP) IN GORONTALO PROVINCE

Authors

  • Elvira Yahya Faculty of Economics, Department of Economics, State University of Gorontalo
  • Fahrudin Zain Olilingo Faculty of Economics, Department of Economics, State University of Gorontalo
  • Ivan Rahmat Santoso Faculty of Economics, Department of Economics, State University of Gorontalo

Keywords:

GRDP, Investment, Export

Abstract

This study aims to determine the effect of investment and exports on GRDP in Gorontalo Province. The data used in this study is secondary data in the form of data from 6 regencies/cities (Boalemo Regency, Gorontalo Regency, Pohuwato Regency, Bone Bolango Regency, North Gorontalo Regency and Gorontalo City) which in the 2015-2019 period were sourced from BPS (Central Bureau of Statistics). statistics). The method used in this study is multiple linear regression analysis using panel data. The results of the analysis show that the investment variable has a positive and significant influence on the GRDP of Gorontalo Province. This means that investment in Gorontalo Province can increase GRDP significantly from 2015-2019. It is said to be significant because investment is an indicator of economic growth as well as expenditures to buy capital goods and production equipment with the aim of replacing and especially increasing capital goods in the economy that will be used to produce goods and services in the future. front. The net export variable has a positive and significant influence on the GRDP of Gorontalo Province, meaning that net exports in Gorontalo Province can increase GRDP significantly from 2015-2019. It is said to be significant because net exports are an important factor in increasing regional and state economic growth. Investment and export variables simultaneously have an influence on the GRDP of Gorontalo Province

References

Abdulla, S., & Ali, H. (2019). An Analysis of Exports and Imports and Their Effect on the Economic Growth in Iraq. UKH Journal of Social Sciences, 3(2), 68–76. https://doi.org/10.25079/ukhjss.v3n2y2019.pp68-76

Asbiantari, D. R., Hutagaol, M. P., & Asmara, A. (2016). Pengaruh Ekspor Terhadap Pertumbuhan Ekonomi Indonesia. Jurnal Ekonomi Dan Kebijakan Pembangunan, 5(2), 10–31.

Astuti, I. P., & Ayuningtyas, F. J. (2018). Pengaruh Ekspor Dan Impor Terhadap Pertumbuhan Ekonomi Di Indonesia. Jurnal Ekonomi & Studi Pembangunan, 19(1), 1–10.

Chamberlain, G. (1982). Multivariate regression models for panel data. Journal of Econometrics, 18(1), 5–46. https://econpapers.repec.org/RePEc:eee:econom:v:18:y:1982:i:1:p:5-46

Febiyansah, P. T. (2017). Indonesia’s FDI–exports–GDP growth nexus: trade or investment-driven? Buletin Ekonomi Moneter Dan Perbankan, 19(4), 469–488.

Fouad, A.-S. (2005). 76 - Are Exports the Engine of Economic Growth? An Application of Cointegration and Causality Analysis for Egypt, 1977 - 2003.

Istiqomah, I., Wibowo, A., Yunianti, E., & Gunawan, D. (2019). DETERMINANTS OF GROSS REGIONAL DOMESTIC PRODUCT IN EASTERN INDONESIA REGION. TRIKONOMIKA, 18(1), 18–24. https://doi.org/10.23969/trikonomika.v18i1.1233

Kalaitzi, A., & Cleeve, E. (2017). Export-led growth in the UAE: multivariate causality between primary exports, manufactured exports and economic growth. Eurasian Business Review, 8. https://doi.org/10.1007/s40821-017-0089-1

Karlita, B. S., & Gunanto, E. Y. A. (2013). Pengaruh Investasi, Tenaga Kerja dan Ekspor Terhadap PDRB Sektor Industri di Kota Semarang (Tahun 1993 - 2010). Diponegoro Journal of Economics, 2(4), 1–8. http://eprints.undip.ac.id/40195/

Kartikasari, D. (2017). The Effect of Export, Import and Investment to Economic Growth of Riau Island Indonesia. International Journal of Economics and Financial Issues, 7(4), 663–667.

Kim, D.-H., & Lin, S.-C. (2009). Trade and Growth at Different Stages of Economic Development. The Journal of Development Studies, 45(8), 1211–1224. https://doi.org/10.1080/00220380902862937

Mohamed, M. (2017). IMPACT OF EXPORTS AND IMPORTS ON ECONOMIC GROWTH: NEW EVIDENCE FROM PANAMA. Journal of Economic Growth, 1(2), 67.

Nanga, M. (2001). Macroeconomic Theory, Problems and Policy (1st ed.). PT Raja Grafindo Persada.

Sahi, D. F., Arham, M. A., & Santoso, I. R. (2020). The Impact of Government Infrastructure Spending on Economic Growth and Poverty in Gorontalo Province. Jambura Equilibrium Journal, 2(1), 1–6. https://doi.org/10.37479/jej.v2i1.4494

Sasana, H. (2019). Fiscal Decentralization and Regional Economic Growth. Economics Development Analysis Journal, 8(1), 108–119.

Tiffen, M., & Mortimore, M. (1994). Malthus controverted: The role of capital and technology in growth and environment recovery in Kenya. World Development, 22(7), 997–1010. https://doi.org/https://doi.org/10.1016/0305-750X(94)90144-9

Downloads

Published

2022-01-05

How to Cite

Elvira Yahya, Fahrudin Zain Olilingo, & Ivan Rahmat Santoso. (2022). THE EFFECT OF INVESTMENT AND EXPORTS ON GROSS REGIONAL DOMESTIC PRODUCT (GRDP) IN GORONTALO PROVINCE. European Journal of Research Development and Sustainability, 3(1), 1-4. Retrieved from https://scholarzest.com/index.php/ejrds/article/view/1692

Issue

Vol. 3 No. 1 (2022): EJRDS

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Most read articles by the same author(s)