Determinant of Economic Factors on Economic Growth in West Kalimantan Province 2011-2019

Abstract

This study aims to prove the opinion of classical economists about the effect of investment, population as proxied by the number of workers who work and the development of technological advances on economic growth. The method used in this study is a quantitative method using panel data regression analysis techniques, namely a combination of cross-sectional and time series data. The results of the study simultaneously state that investment, labor absorption and technology implementation have a positive and significant impact on economic growth in the province of West Kalimantan. The results of the study prove that investment has a positive and insignificant effect on economic growth, labor absorption has a positive and significant effect on economic growth, while technology implementation has a negative and insignificant effect on economic growth in the province of West Kalimantan.

Export Performance Improvement Strategy Indonesia During The Pandemic

“…[4] One of the main determinants that influences and makes a big contribution to a country's economic growth is export activities. [5] When a country exports more than it imports, it will of course increase its national income, which will ultimately encourage economic growth. Through export activities, market coverage will become wider, not only in the domestic area, so that more local products will be able to meet foreign market demand, which will increase the number of domestic production activities, increase investment, especially foreign investment, which ultimately will increase the circulation of money.…”