Investment, Man Power and Government Expenditure on Economic Growth in Development of Three Area in South Kalimantan

Abstract

The economic growth has not increased, decreased, and even the same every year. For this reason, a deeper analysis of the effect of these three factors on economic growth is necessary to know. This quantitative research used secondary data in the form of a panel from the Central Statistics Agency of the three regional governments. Namely, the 2014 to 2019 data for economic growth, workforce, and government spending. Meanwhile, the investment data used data from 2013 to 2018. Then the data obtained was tested with classical assumptions. After fulfilling the requirements of the classical assumptions, data analysis, and hypotheses were drawn from multiple linear regression equations using: the coefficient of determination test, simultaneous effect test, and t test. The results of the F test state that the independent variable simultaneously affects the dependent variable. The t test results obtained that the investment and labor variables partially have a significant effect on the economic growth variable. The government expenditure variable partially does not have a significant effect on economic growth. But overall simultaneously investment, labor, and government spending affect economic growth. This means that if investment and labor experience an increase, it will affect the increase in economic growth.