THE EFFECT OF ECONOMIC GROWTH, INFLATION AND EDUCATION ON THE UNEMPLOYMENT RATE IN SUMATRA ISLAND

Susetyo, Didik (2022) THE EFFECT OF ECONOMIC GROWTH, INFLATION AND EDUCATION ON THE UNEMPLOYMENT RATE IN SUMATRA ISLAND. EURASIA: Economics & Business. ISSN 2522-9710

Text 2022 (01) Dikko et al article_13.pdf Download (701kB)

Abstract

This research aimed to empirically analyze and prove the effect of economic growth, inflation, and education on the unemployment rate in Sumatra Island. We used panel data with 154 regencies/cities in Sumatra Island for ten years (2011-2020). The data processing technique used was the econometric model of multiple linear equations (multiple regression) for panel data. We found that the variables of economic growth, inflation, and education were negatively and significantly correlated to the unemployment rate in Sumatra Island. This research had some limitations as it only used three independent variables (economic growth, inflation, and education), so other factors or variables outside the model could also affect the dependent variable (unemployment rate). This research contributed as input and evaluation for interested parties in making policies (the central and local government) to produce more targeted policies to reduce the unemployment rate, especially for the local governments in Sumatra Island.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory > HB71-74 Economics as a science. Relation to other subjects
Divisions:	01-Faculty of Economics > 60001-Economics (S3)
Depositing User:	Prof. Dr. Didik Susetyo, SE., MSi
Date Deposited:	09 May 2023 14:12
Last Modified:	09 May 2023 14:12
URI:	http://repository.unsri.ac.id/id/eprint/99209

Actions (login required)

View Item