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The impact of Investment, Government Consumption and Education on Economic Growth in North Sumatra

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  • Abdiyanto

Abstract

The present study aims to analyze the investment, government consumption and education simultaneously and partially towards economic growth in North Sumatra. The data were collected in 2007 up to 2017 with quantitative data analysis using multiple linear regression. The findings of this study indicate that the investment has a positive and significant effect on economic growth in North Sumatra. The result of the data analysis shows that government consumption has a positive and significant effect on economic growth in North Sumatra. The data analysis result shows that education has a positive and insignificant influence on economic growth in North Sumatra. The findings simultaneously indicate that investment, government and education consumption have a significant effect on the economic growth in North Sumatra. Based on the coefficient of determination, 54.8% of economic growth variable is influenced by investment, government expenditure and education, while 45.2% is influenced by variables which exclude this study.

Suggested Citation

  • Abdiyanto, 2019. "The impact of Investment, Government Consumption and Education on Economic Growth in North Sumatra," International Journal of Science and Business, IJSAB International, vol. 3(3), pages 265-277.
    • Handle: RePEc:aif:journl:v:3:y:2019:i:3:p:265-277
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    Cited by:

    1. Fuqiang Dai & Hao Liu & Xia Zhang & Qing Li, 2022. "Does the Equalization of Public Services Effect Regional Disparities in the Ratio of Investment to Consumption? Evidence From Provincial Level in China," SAGE Open, , vol. 12(1), pages 21582440221, March.

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