The Effect of Population, Labor Force on Economic Growth in Oic Countries

Utami, Fitri; Putri, Fani Monada Essa; Wibowo, Muhammad Ghafur; Azwar, Budi

doi:10.31002/rep.v6i2.3730

Cited by 4 publications

(4 citation statements)

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“…Based on previous analysis, the workforce has a positive and significant impact on economic growth, consistent with previous research such as (Mirah et al, 2020;Soava et al, 2020;Supratiyoningsih & Yuliarmi, 2022;Ul Haque et al, 2019;Utami et al, 2021). Research indicates that an increase in the labor force contributes to economic growth.…”

Section: Source : Output Spss Figure 2 Quadrant Diagramsupporting

confidence: 86%

The INFLUENCE OF ECONOMIC FREEDOM, MACROECONOMIC VARIABLES, AND THE COVID-19 PANDEMIC ON ECONOMIC GROWTH

Julian,

Aida,

Ratih

et al. 2024

IJEBE

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The aim of APEC cooperation is to promote sustainable and inclusive economic growth, as well as enhance cooperation and economic integration among its members. This study aims to analyze the influence of economic freedom, foreign direct investment, international trade, labor force, inflation, and the Covid-19 pandemic on economic growth in the 19 APEC member countries using multiple linear regression method. This research examines the impact of economic freedom, foreign direct investment, international trade, labor force, inflation, and the Covid-19 pandemic on economic growth. The analysis results indicate that economic freedom, although important, may have limited impact in weak institutional settings. Conversely, foreign direct investment and international trade have proven to have significant positive effects by bringing capital, technology, and innovation as well as enhancing economic efficiency. Moreover, skilled labor force and controlled inflation also support economic growth. However, the Covid-19 pandemic has caused serious disruptions by disrupting supply chains, decreasing demand, and creating economic uncertainty, highlighting the importance of economic resilience and public health. These findings emphasize the importance of policies supporting these factors to drive sustainable economic growth.

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Section: Source : Output Spss Figure 2 Quadrant Diagramsupporting

confidence: 86%

The INFLUENCE OF ECONOMIC FREEDOM, MACROECONOMIC VARIABLES, AND THE COVID-19 PANDEMIC ON ECONOMIC GROWTH

Julian,

Aida,

Ratih

et al. 2024

IJEBE

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“…Based on Table 5, it is known that Labor has a long-term and short-term influence on the GDP of APEC member countries. Utami et al(2021) found that labor force participation (Labor) had a positive effect on economic growth in OIC (Organization of Islamic Cooperation) countries. Similarly, Fauzi and Suhaidi (2022) believed that labor force participation positively affected economic growth in Indonesia.…”

Section: Resultsmentioning

confidence: 99%

Macroeconomic, Institutional, and Energy Consumption on Economic Growth APEC Members

Sarjiyanto,

Romadhoni

2024

EDAJ

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Economic growth is a shared goal pursued by every country across various regions worldwide, including the member nations within the APEC organization. However, APEC member countries still encounter several economic challenges to achieve optimal economic growth. First, macroeconomic issues such as regulatory barriers limit both FDI inflows and trade. Furthermore, unemployment remains an unresolved issue. Second, based on the World Bank's average estimates, most APEC countries exhibit low institutional quality. This is due to corruption, weak law enforcement, and lack of government transparency. Third, there is the issue of limited energy supply and increased carbon emissions due to non-renewable energy consumption. This research aims to determine the influence of macroeconomics, institutional quality, and renewable energy consumption on the economic growth of APEC member countries. The analysis method for this research is PVECM regression. The data used is panel data from 2005-2019. The research results show that the variables FDI, Trade, Labor, REC, and IQ have long and short-term influences on the economic growth of APEC countries. Suggestions that can be given are to improve the quality of APEC country institutions because, as seen from the average indicator estimates by the World Bank, Most APEC countries have low institutional quality. This improvement is needed to make policies more effective and efficient. Each country is also expected to increase the amount of renewable energy consumption.

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“…The economic growth rate is computed by utilizing the following components: Information: Gt : Economic growth in period t GDP t : Gross Domestic Product in period t GDPt-1 : Gross Domestic Product in the previous period Economic growth can be conceptualized as a dynamic phenomenon, rather than a static snapshot of the economy at a specific point in time. To fully understand the economy's dynamic nature, it is important to analyze it as a system that experiences temporal transitions, highlighting its inherent evolution (Utami et al, 2021). Adam Smith and David Ricardo are esteemed researchers who made substantial contributions to the development of classical economic growth theories.…”

Section: Literature Review Theoretical Overviewmentioning

confidence: 99%

Analyses of Relationship between Economic Growth and Zakat Distribution: Some Comparative Studies between Indonesia and Malaysia

Wiranatakusuma,

Habibullah

2024

EKU

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Zakat serves as an economic instrument within the framework of Islam and can serve as a substantial source of revenue for the state, contributing to the funding of various expenditures. In contrast to alternative revenue streams, zakat possesses explicit and comprehensive guidelines on its acquisition and allocation. The state bears the task of maximizing the efficiency of zakat institutions to effectively mobilize and allocate zakat monies as a catalyst for economic development. Indonesia utilizes a bottom-up approach for the collection of zakat, whereas Malaysia follows a top-down approach. Therefore, the present investigation focuses aims to examine the impact of zakat distribution on economic development in two selected nations. The examination focused on many variables, including GDP, Gini index, inflation, and zakat distribution. The period for the analysis spanned from 2001 to 2019, and the ARDL approach is being used for the purpose of doing data analysis. The findings suggest that the distribution of zakat did not exert a statistically significant impact on economic development, either in the short-term or long-term, within the contexts of both nations. Therefore, there is a need to promote the professional and efficient management of zakat to enhance its collection and facilitate its effective distribution.

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The Effect of Population, Labor Force on Economic Growth in Oic Countries

Cited by 4 publications

References 0 publications

The INFLUENCE OF ECONOMIC FREEDOM, MACROECONOMIC VARIABLES, AND THE COVID-19 PANDEMIC ON ECONOMIC GROWTH

The INFLUENCE OF ECONOMIC FREEDOM, MACROECONOMIC VARIABLES, AND THE COVID-19 PANDEMIC ON ECONOMIC GROWTH

Macroeconomic, Institutional, and Energy Consumption on Economic Growth APEC Members

Analyses of Relationship between Economic Growth and Zakat Distribution: Some Comparative Studies between Indonesia and Malaysia

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