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Growth Spillover Effect Pada Kawasan Germakertosusila Plus: Faktor-Faktor yang Mempengaruhi Pertumbuhan Ekonomi Tahun 2014-2023

Year: 2025

Type: article

Abstract: The Germakertosusila Plus region recorded the lowest economic growth and the highest poverty rate in Central Java in 2014-2023. This study aims to identify the growth spillover effect between 15 districts/cities and analyze the factors that influence economic growth in the region. Using the VECM method and East Java BPS data, the results show a spillover effect between regions. In the short term, the population and spillover effect variables have a positive but insignificant effect, government spending and minimum wages have a positive and significant effect. In the long term, the population has a positive and significant effect, the government spending, minimum wages and spillover effect variables have a negative and significant effect on economic growth.

Source: Al-Kharaj Jurnal Ekonomi Keuangan & Bisnis Syariah

DOI: 10.47467/alkharaj.v7i6.8382

Authors: Risma Dea Ramadhani, Annis Nurfitriyana Nihayah

Institution: State University of Semarang

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, No poverty

Open Access status: diamond

OpenAlex ID: W4411843965

FWCI:

Cites: 23

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Related to: 10