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The Effect of Government Spending on the Inclusive Economic Development Index on the Island of Sumatra

Year: 2024

Type: article

Abstract: This research is motivated by the high economic growth on the island of Sumatra. Sumatra Island has the second largest Gross Domestic Product (GDP) contribution in Indonesia, namely 21.4 percent and the third highest IPEI. This research aims to examine the influence of government spending on economic functions, public services, health and education on the Inclusive Economic Development Index (IPEI). This research uses the Panel Data Regression Method in 10 Provinces on the Island of Sumatra 2016-2023. The research results show that government spending on economic functions and public services has no effect. Meanwhile, Health and Education have a positive and significant influence on IPEI.

Source: Asian Journal of Applied Business and Management

DOI: 10.55927/ajabm.v3i4.12146

Authors: Try Aqnes Novyta Sary, Eka Dewi Anggraini

Institution: University of Bengkulu

Language: English

Topic: Economic Growth and Fiscal Policies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4405022395

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Related to: 10