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The economic growth and affecting factors in Sumatera island

Author

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  • Nagara, Patria

    (Universitas Sumatera Barat)

  • , yolanda

Abstract

The indicators of success in macro development can be measured from the economic growth, which is reflected in changes in the Gross Regional Domestic Product (GRDP). The factors which affect the economic growth are very complex. This study analyzes the economic growth and the factors that affect Sumatra island. The data used is panel data with descriptive analysis techniques and multiple linear regression. Based on the research results: Education, economic openness, road infrastructure, and investment have a positive and significant effect on economic growth and poverty and unemployment have a negative and significant effect on economic growth. Besides, the results of panel data explained that the openness of the economy to economic growth is very low, while the highest is education.

Suggested Citation

  • Nagara, Patria & , yolanda, 2020. "The economic growth and affecting factors in Sumatera island," OSF Preprints rfcuj_v1, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:rfcuj_v1
    DOI: 10.31219/osf.io/rfcuj_v1
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