The Influence of Population, Investment on Economic Growth in Indonesia 2018-2022

M. Adnan Latief Perwira

Abstract


In this study, we aim to examine the impact of population and investment on economic growth in Indonesia from 2018 to 2022. The independent variables in our analysis include population, investment, and economic growth, with the dynamic panel data method used for estimation. Specifically, we apply the panel data regression, utilizing 102 observations across 34 provinces. Our empirical results show that population does not have an effect on economic growth, while investment has a significant influence. Additionally, the combined effects of population and investment failed to pass the data processing checks, including tests for instrument validity, custom tests, and consistency tests.


Keywords


Economic Growth, Total Population, Investment, Indonesia

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DOI: https://doi.org/10.20961/bfde.v5i1.101889

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