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.
| 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: | https://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 https://ijsab.com/wp-content/uploads/365.pdf
About Author (s)
Abdiyanto, Department of Development Economic , Universitas Pembangunan Panca Budi, Medan, North Sumatra, Indonesia.
DOI: https://doi.org/10.5281/zenodo.3228850