The Effect of The Political Environment and The Economic Environment on The Welfare of Community

Abstract

This study aims to examine the influence of the political environment and the economic environment on the welfare of society. The independent variable of this research is the political environment and the economic environment and its dependent variable is the welfare of society. This type of research is descriptive quantitative. The type of data used is the primary data using ordinal scale. The population is 295 respondents with selected sample type with Purposive Sampling as many as 205 respondents spread in North Sumatera Province. Analyzer used with Structural Equation Modeling approach with SMART-PLS software. The results show that the variables of the political environment and the economic environment affect the welfare of the people.

Neoclassical Growth Model Application to the Analysis of Human Capital for Regional Development

“…The formation of human capital is a means to obtain a number of people who have strong character that can be used as important capital in development. This character can be in the form of skill level and level of education of the community (Tripriyono et al 2018). The neoclassical growth theory assumes that two countries with the same technology level will have the same steady state level of per capita income growth.…”

Analysis of Influence of Micro Small and Medium Enterprises (MSMEs) Development as a Competitive Advantage to Creative Economic Development

“…Adjusted R Square Value can be seen in Table 4: The coefficient of determination is between zero and one (Muda and Hutapea, 2018;Muda and Naibaho, 2018;Tripriyono et al, 2018;. The small value of R2 means the ability of the independent variables to explain the variation In Table 4, the coefficient value of Adjusted R Square is 0,623, which means that the development of MSME and competitive advantage can explain the variation of creative economy of 62,3% and the rest is 37,7% influenced by other variable outside the variables studied.…”