The Impact of Private Investment in the Improvement of Social Welfare Through Economic Growth and Labor Absorption

Abstract

Purpose of the study: This research aims to analyze the impact of private investment toward social welfare through economic growth and labor absorption in East Java Province of the 2010-2017 periods. Methodology:The type of research used is Explanatory by using the approach of a quantitative method. Data collection used research instruments. Data analysis is quantitative/ statistical with the aim to test the determined hypothesis. Main Findings:The results of the study show that: (1) Private investment is not significantly influential toward economic growth; (2) Private investment is significantly influential toward labor absorption; (3) Economic growth is significantly influential toward labor absorption; (4) Economic growth is not significantly influential toward social welfare; (5) Labor absorption is not significantly influential toward social welfare.