Effect of Capital Expenditure and Personnel Expenditure on Regional Economic Growth: Empirical evidence from Western Indonesia

Abstract

Abstrak. Penelitian ini bertujuan untuk menganalisis pengaruh belanja modal dan belanja pegawai terhadap pertumbuhan ekonomi daerah di kawasan barat Indonesia. Data yang digunakan adalah data panel 10 provinsi selama periode 2008-2015. Peralatan ekonometrika yang digunakan untuk menganalisis hubungan fungsional variabel tersebut terdiri dari regresi panel metode fixed effect, dan Granger causality test. Penelitian menemukan bahwa belanja modal berpengaruh positif tetapi tidak signifikan terhadap pertumbuhan ekonomi daerah. Sebaliknya, belanja pegawai berpengaruh positif dan signifikan. Hasil Granger causality test mengindikasikan adanya kausalitas satu arah dari belanja pegawai dan belanja modal ke pertumbuhan ekonomi dan dari belanja pegawai ke belanja modal.Abstract. This study aims to analyze the effect of capital expenditure and personnel expenditure on regional economic growth in western Indonesia. The data used is a panel data of 10 provinces during the period 2008-2015. The econometric models used to analyze the functional relationship of these variables consisted of the fixed effect method of panel regression, and the Granger causality test. The study found that capital expenditure has a positive but not significant effect on regional economic growth. Conversely, personnel expenditure has a positive and significant effect. Granger causality test results indicate a one-way causality from personnel expenditure and capital expenditure to economic growth and from personnel expenditure to capital expenditure.

Effect of Environmental Stimuli and Social Factors Against Impulsive Buying Tendency: Emotions Positive as a Mediation Variable (Case Study on Indomart Consumers in Banda Aceh)

“…Activities to fulfill consumptive needs are carried out by spending [4,5]. Shopping made by consumers is basically not only made for planned purchases but also includes unplanned goods [6,7,8]. Impulsive buying is "a consumer's tendency to buy spontaneously, immediately and kinetically and encouraged the emotional psychology of a product and tempted of persuasion activities undertaken by marketers" driven by emotional psychological aspects of a product and tempted by persuasion activities carried out by marketers [9].…”