Application of the Generalized Method of Moment Arellano-Bond on Economic Growth in Central Java Province in 2011-2018

Authors : Maulana Ghani Yusuf; Joko Hadi Susilo; Luthfi Ibnu Tsani

Volume/Issue : Volume 5 - 2020, Issue 8 - August

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DOI : 10.38124/IJISRT20AUG572

This study aims to analyze the effect of the savings rate, population, human development index, and labor force participation rate on economic growth in Central Java Province from 2011 to 2018. This study uses a descriptive quantitative method with dynamic panel regression using the Gereralized Method of Moment Arrelano Bond. The use of this method is intended to determine the effect of each independent and dependent variable in the previous year on the dependent variable in the research year. The results of this study indicate that simultaneously the independent variable has a significant and positive effect on the dependent variable. Then there is an insignificant negative relationship between the saving rate and the population on economic growth. Furthermore, there is an insignificant positive relationship between the development index on economic growth and a significant positive relationship between the level of labor force participation on economic growth.

Keywords : Economic Growth, Saving Rate, Human Development Index, And Labor Force Participation Rate


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