The Influence Of Inflation, GRDP, And HDI On Minimum Wage In Sumbagsel 2015-2023

This research aims to examine the influence of inflation, GRDP, and HDI on minimum wages in the sumbagsel region. The data used is secondary data from 2015 to 2023 obtained from the Central Statistics Agency and the Ministry of Manpower of the Republic of Indonesia (Kemnaker RI), in the form of panel data from five provinces in South Sumatra. The analysis was carried out using the panel data regression method with the selected Fixed Effect model (FEM), and tested with Eviews 12 software. The results of the research show that inflation, GRDP, and HDI together have a significant influence on the minimum wage in South Sumatra during the 2015 period. -2023. Partially, inflation has a negative and significant impact on minimum wages, while GRDP and HDI each have a positive and significant impact on minimum wages in the region in the same period.

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Publication Details

Journal
Bengkulu International Conference on Economics Management Business and Accounting (BICEMBA)
Published
2024-12-04
DOI
https://doi.org/10.33369/bicemba.2.2024.154
Primary Topic
Unemployment and Economic Growth
Type
article
Field-Weighted Citation Impact
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article

The Influence Of Inflation, GRDP, And HDI On Minimum Wage In Sumbagsel 2015-2023

Antoni Sitorus, Selva Kurniawati
Bengkulu International Conference on Economics Management Business and Accounting (BICEMBA)
Unemployment and Economic Growth
article

The Influence Of Inflation, GRDP, And HDI On Minimum Wage In Sumbagsel 2015-2023

Antoni Sitorus, Selva Kurniawati
article en

Abstract

This research aims to examine the influence of inflation, GRDP, and HDI on minimum wages in the sumbagsel region. The data used is secondary data from 2015 to 2023 obtained from the Central Statistics Agency and the Ministry of Manpower of the Republic of Indonesia (Kemnaker RI), in the form of panel data from five provinces in South Sumatra. The analysis was carried out using the panel data regression method with the selected Fixed Effect model (FEM), and tested with Eviews 12 software. The results of the research show that inflation, GRDP, and HDI together have a significant influence on the minimum wage in South Sumatra during the 2015 period. -2023. Partially, inflation has a negative and significant impact on minimum wages, while GRDP and HDI each have a positive and significant impact on minimum wages in the region in the same period.

Bengkulu International Conference on Economics Management Business and Accounting (BICEMBA)Vol. 2
Openalex Percentile: Top 67%
Unemployment and Economic Growth
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