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

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

Author (s): 

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.

Key words: Investment, Government Consumption Expenditure, Education, Economic Growth.

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Title:

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

Author:

Abdiyanto

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3228850
Media: Online
Volume: 3
Issue: 3
Acceptance Date: 18/05/2019
Date of Publication: 25/05/2019
PDF URL: http://ijsab.com/wp-content/uploads/365.pdf
Free download: Available
Page: 265-277
First Page: 265
Last Page: 277
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Abdiyanto  (2019). The impact of Investment, Government Consumption and Education on Economic Growth in North Sumatra. International Journal of Science and Business, 3(3), 265-277. doi: https://doi.org/10.5281/zenodo.3228850

Retrieved from http://ijsab.com/wp-content/uploads/365.pdf

 

About Author (s)

Abdiyanto, Department of Development Economic , Universitas Pembangunan Panca Budi, Medan,  North Sumatra, Indonesia.

 

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DOI: https://doi.org/10.5281/zenodo.3228850

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