Research Paper
Year: 2021 | Month: April | Volume: 8 | Issue: 4 | Pages: 211-219
DOI: https://doi.org/10.52403/ijrr.20210428
Analysis of the Influence of the Amount of Labor, Level of Education and Government Spending on Economic Growth in North Sumatera
Janita Sari1, Irsad2, Rahmanta3
1Postgraduate, Students Faculty of Economics and Business, Department of Economics, Universitas North Sumatra, Indonesia
2,3Postgraduate, Lecturer Faculty of Economics and Business, Department of Economics, Universitas North Sumatra, Indonesia
Corresponding Author: Janita Sari
ABSTRACT
This study was to analyze the effect of labor, levels of education and government spending on the education sector on economic growth in North Sumatra. The data used is secondary data obtained from the Regional Financial and Asset Management Agency of North Sumatra and the Central Statistics Agency of North Sumatra Province, which consists of 33 districts / cities in several publications from 2015–2019. The research method used is panel data with a Fixed Effect Model approach. The results of this study indicate that labor has a negative and insignificant effect on economic growth, the level of education has a significant positive effect on economic growth and government spending in the education sector has a significant positive effect on economic growth in North Sumatra in 2015-2019.
Keywords: Economic Growth, Labor, Education Level and Government Expenditure.
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