Pengaruh Investasi, Belanja Tidak Langsung dan Belanja Langsung, Angkatan Kerja dan Pendidikan terhadap Pertumbuhan Ekonomi di Sumatera Utara

Abstract

The research aims to analyze the effects of Investment, Indirect and Direct Expenditures, Workforce, and Education on the Economic Growth in North Sumatera. The research employs secondary data from 1990 to 2020 and ECM (Error Correction Model) as analysis method. Based on the results regarding short-term and long-term effects, it is indicated that investment has positive and significant effects in North Sumatera, Indirect and Direct Expenditures has direct and indirect effects have positive and significant effects in North Sumatera, workforce has positive and significant effects in North Sumatera, and education has positive and significant effects on the economic growth in North Sumatera.