The Effect Of Poverty, Unemployment, And Investment On Economic Growth In The Province Of North Sumatera in 2001-2020

The purpose of this study is to determine the effect of poverty, unemployment and investment on economic growth. Where this study uses time series data with the time period 2001-2020. The analytical method uses multiple linear regression with the Eviews program. The poor population variable has a negative and significant effect on poverty with a t-value of -3.225849 and Prob. of 0.0053 <0.05. Unemployment variable has a negative and insignificant effect on poverty with a t-value of -0.427385 and Prob. 0.6748 > 0.05. The investment variable has a positive and significant effect on poverty with a t-value of 7.932790 and Prob. of 0.0000 <0.05. In the final stage of the statistical test, it is known that the R2 squared value is 0.954978. This shows that the poor, unemployment, and investment are able to explain GRDP by 95%. And the remaining 5% is influenced by other variables not examined in this study.

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Publication Details

Journal
Outline Journal of Economic Studies.
Published
2024-09-16
DOI
https://doi.org/10.61730/ojes.v3i2.113
Primary Topic
Economic Growth and Fiscal Policies
Type
article
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article

The Effect Of Poverty, Unemployment, And Investment On Economic Growth In The Province Of North Sumatera in 2001-2020

Muammar Rinaldi, Dwi Verasuna Manik, Joshua Hutagalung, Rico Ramadhanu et al.
Outline Journal of Economic Studies.
Economic Growth and Fiscal Policies
article

The Effect Of Poverty, Unemployment, And Investment On Economic Growth In The Province Of North Sumatera in 2001-2020

Muammar Rinaldi, Dwi Verasuna Manik, Joshua Hutagalung, Rico Ramadhanu, Nova Khairunisa Putri
article en

Abstract

The purpose of this study is to determine the effect of poverty, unemployment and investment on economic growth. Where this study uses time series data with the time period 2001-2020. The analytical method uses multiple linear regression with the Eviews program. The poor population variable has a negative and significant effect on poverty with a t-value of -3.225849 and Prob. of 0.0053 <0.05. Unemployment variable has a negative and insignificant effect on poverty with a t-value of -0.427385 and Prob. 0.6748 > 0.05. The investment variable has a positive and significant effect on poverty with a t-value of 7.932790 and Prob. of 0.0000 <0.05. In the final stage of the statistical test, it is known that the R2 squared value is 0.954978. This shows that the poor, unemployment, and investment are able to explain GRDP by 95%. And the remaining 5% is influenced by other variables not examined in this study.

Outline Journal of Economic Studies.Vol. 3(2)
State University of Medan (ID)
No poverty
Openalex Percentile: Top 79%
Economic Growth and Fiscal Policies
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The Effect Of Poverty, Unemployment, And Investment On Economic Growth In The Province Of North Sumatera in 2001-2020 — Muammar Rinaldi, Dwi Verasuna Manik, et al. · Outline Journal of Economic Studies. (2024) | TGRS Research Map | TGRS