Pengaruh Pembangunan Infrastruktur terhadap Pertumbuhan Ekonomi Provinsi Sumatera Utara

Abstract

This study research the impact of infrastructure development and convergence on economic growrh in North Sumatra Province which is focusing in four regions, east coast, west coast, highland, and islands. Analysis Panel Least Square method using time series data 2018-2022. The results of the analysis indicate that Gross Fixed Capital Formation (GFCF) has a positive and significant impact in the eastern coast and highlands, while in the western coast and islands has a negative yet significant impact. Average Schooling Years (ASY) has a positive and significant impact in most regions, except in the islands where the positive impact but not significant. Electrical infrastructure have positive and significant impacts in all regions, road infrastructure has a positif and positive impact in west coast and highland, in east coast and regions has positive but not signivicant impact. While the impact of clean water infrastructure varies. Convergence analysis reveals σ-convergence in the eastern coast region, while β-convergence is identified in all regions with varying convergence rates but lagging districts/cities took a very long time catch up with the the rowth of developing with half life of 47 years in eastern coast region, 82 years for western coast, 19 years in highlands and the islands region has 29 years.