Determinan Belanja Modal dengan Pertumbuhan Ekonomi sebagai Variabel Moderating pada Pemerintah Kabupaten/Kota di Pulau Sumatera

Abstract

This research aims to find out and analyze the influence of financial independence ratio, effectiveness of Regionally Generated Revenue (P ADJ ratio, efficiency ratio, activity ratio, fiscal balance, and Remaining Budget Balance (..WLP A) affect simultaneously and partially onthe capital expenditure of district/city governments in Sumatera Island, and to find out whether economic growth variable as moderating variable can strengthen and weaken the correlation of ratio of financial independence, the ratio of tlie effectivenessof PAD, efficiency ratio, activity ratio, fiscal balance, and SiLP A affect simultaneously and partially on the capital expenditure of district/city governments in Sumatera Island The research type is causal and the object is all the districts and cities in Sumatera Island. The data used are the secondary data collected from Directorate-General of Regional Fiscal Balance and Central Bureau of Statistics in the periodof 2012- 2016 by employing the quantitative approach and the data are analyzed using the simple tinier regression model. The research result simultaneously shows that financial independence ratio, effectiveness of PAD ratio, efficiency ratio, activity ratio, fiscal balance, and SiLP A has a significant influence on the capital expenditure. Partially, the ratio of financial independence of local government, activity ratio and SiLPA significantly influence on the local capital expenditure; the ratio of the effectiveness of PAD ratio, efficiency ratio, and fiscal balance do not significantly influence on the capital expenditure. The moderating variable is able to moderate the ratio of financial independence of local governments and the ratio of the effectiveness of PAD ratio, howeverit is not able to moderate efficiency ratio. activity ratio, fiscal balance, and SiLP A on the capital expenditure.