Analysis of the Impact of Dependency Ratio, Human Development Index, and Labor Force Participation Rate on Economic Growth in the Bangka Belitung Islands Province

Fanisa Safira (), Devi Valeriani and Misbahul Munir
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Fanisa Safira: Universitas Bangka Belitung, Faculty of Economics and Business
Devi Valeriani: Universitas Bangka Belitung, Faculty of Economics and Business
Misbahul Munir: Universitas Bangka Belitung, Faculty of Economics and Business

A chapter in Proceedings of the 1st International Conference of Economics, Management, Accounting, and Business Digital (ICEMAB 2024), 2024, pp 200-207 from Springer

Abstract: Abstract This study seeks to investigate the impact of the Dependency Ratio, Human Development Index, and Labor Force Participation Rate on Economic Growth in the Bangka Belitung Islands Province over the period from 2017 to 2023. Adopting a quantitative approach, the research utilizes secondary data. Panel data regression is employed as the analytical technique, with the optimal model chosen through the Random Effect Model (REM). Partial analysis indicates that both the Dependency Ratio and HDI have a positive effect on Economic Growth in Bangka Belitung Islands Province. Conversely, LFPR demonstrates insignificant effect on Economic Growth in this region. Nonetheless, when analyzed collectively, DR, HDI, and LFPR are found to influence Economic Growth in the Bangka Belitung Islands Province.

Keywords: Economic Growth; Dependency Ratio; Human Development Index; and Labor Force Participation Rate (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-614-7_26

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DOI: 10.2991/978-94-6463-614-7_26

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