A Quantitative Assessment of Factors Contributing to the Economic Growth of Michigan Regions (original) (raw)

Determinants of Regional Economics Growth

Media Ekonomi dan Manajemen

This study aims to determine what factors influence regional economic growth. The analysis technique used is to combine time series data and cross-section (pooling data). Time-series data from 2015 - 2017 and cross section data consisting of 34 provinces in Indonesia. The results of the model test using the redundant fixed effect test and random effect-Hausman test show that the best model is the fixed effect model (FEM). Regression results show that only the HDI (Human Development Index) variable is not significant, the other variables (fiscal decentralization, capital, and labor) have a significant positive effect on regional economic growth.

POPULATION, JOBS AND INCOME GROWTH IN REGIONAL DEVELOPMENT

More metropolitan areas focus on renewing and improving capital to promote economic development and to improve standard of living in their areas. This study investigated the relation among job growth, population and income growth as potentially objectives for economic development. The measures of economic performance include average annual employment, population, labor force, per capita income, and earnings per job growth. The intent is to identify and compare the demographic, economic, structural and environmental factors that are strongly associated with each of the measures of performance. Demographic and economic structure appear to play a major role in explaining relative rates of population, labor force, employment and per capita income growth with limited role in explaining growth in average earnings per job growth. The implications of this study are that prudent fiscal management, yet investing in local health and education facilities are wise policy options to promote superior employment and to a lesser extent income growth.