Contemporary Indonesian GDP: Context of Analysis at Unemployment, Labor Force and Poor People

Muhammad Awaluddin, Fitriadi Fitriadi, Arfiah Busari and Dio Caisar Darma
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Muhammad Awaluddin: Department of Economics, Faculty of Economics and Business, Universitas Mulawarman, Samarinda , Indonesia
Fitriadi Fitriadi: Department of Economics, Faculty of Economics and Business, Universitas Mulawarman, Samarinda, Indonesia
Arfiah Busari: Department of Economics, Faculty of Economics and Business, Universitas Mulawarman, Samarinda , Indonesia
Dio Caisar Darma: Department of Management, Sekolah Tinggi Ilmu Ekonomi Samarinda Samarinda, Indonesia

International Journal of Economics and Financial Research, 2021, vol. 7, issue 4, 143-154

Abstract: Indonesia is a developing country that has always prioritized sustainable development. In achieving these development goals, Indonesia needs to achieve economic growth by improving population welfare and increasing income. With the form of panel data from 34 provinces in Indonesia that have unique characteristics, the author presented them during 2015-2019. Through multiple linear regression, this study seeks to discuss the relationship of unemployment, labor force participation rate, and poor people to Indonesia’s GDP growth. These findings suggest that the three macroeconomic variables have a negative impact on GDP. Regarding GDP growth, only unemployment has an actual effect, while others have no significant effect. The implications of the policies pursued by the government are not only paying attention to economic aspects but social problems that are expected to spur economic development.

Keywords: Economic transformations; Development balance; Multiple linear regression; Panel data; Indonesia. (search for similar items in EconPapers)
Date: 2021
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