ANALYZING THE EFFECT OF INVESTMENT, WORKFORCE, HUMAN DEVELOPMENT INDEX, AND GOVERNMENT EXPENDITURES IN THE ECONOMIC GROWTH OF EAST JAVA PROVINCE

Abstract

This research aims to determine whether investment, labor, Human
Development Index and government expenditures influence economic growth in East
Java. Hence, the results of this research can determine whether these variables have
significant influence or not. This research contains investment, labor, Human
Development Index, and government expenditures influence economic growth in East
Java Province. Secondary data and from several sources such as the Central Bureau
of Statistics, Directorate General of Fiscal Balance are the data used in this research.
Also, this research uses quantitative research because it uses data in the form of
numbers and uses tools to analyze information. The tool used Eviews 9. This research
used data as much as five years, starting from 2012 to 2016. Dependent variable (Y)in this research is economic growth, while the independent variables in this research
are investment, labor, Human Development Index, and government expenditures. The
results of this research indicate that investment and labor do not have a significant
effect on the economic growth in East Java Province. Meanwhile, the Human
Development Index and government expenditures influence East Java economic
growth.
Keywords: economic growth, investment, labor, Human Development Index,
government expenditures