Article Sidebar
Main Article Content
Abstract
Economic growth depends on the amount of public consumption expenditure, government consumption expenditure, investment spending, and the value of net exports. The trend of economic growth in Indonesia during the 2011-2023 period declined, even in 2020 it experienced a drastic decline to minus 2.07 percent because of Covid-19 Pandemic. To increase Indonesia's economic growth, the government has implemented policies that can encourage an increase in household consumption spending by allocating funds for social protection and government consumption spending by increasing funds for spending on ministries/agencies. This study aims to analyze the effect of government consumption spending and investment spending on economic growth in Indonesia. The analytical method used in this study is multiple linear regression analysis and the data used is time series data for the years 2011-2023. Based on the results of the study, partially, the variable of government consumption expenditure (NPPKP) has no effect on economic growth in Indonesia, while investment expenditure (NPPM) has a positive and significant effect on economic growth in Indonesia. Then simultaneously, the government consumption expenditure variable (NPPKP) and the investment expenditure variable (NPPM) have a significant effect on economic growth in Indonesia. Based on the determination coefficient test yields an adjusted R-square value of 0.67, indicating that the variables can account for approximately 67 percent and 33 percent of the economic growth variable, respectively, through other variables not included in the analysis.
Keywords: Economic Growth, Government Consumption Expenditure, Investment Expenditure
Abstrak
Pertumbuhan ekonomi bergantung pada besaran belanja konsumsi publik, belanja konsumsi pemerintah, belanja investasi, dan nilai ekspor bersih. Tren pertumbuhan ekonomi Indonesia selama periode 2011-2023 menurun, bahkan pada tahun 2020 mengalami penurunan drastis menjadi minus 2,07 persen karena Pandemi Covid-19. Untuk meningkatkan pertumbuhan ekonomi Indonesia, pemerintah telah menerapkan kebijakan yang dapat mendorong peningkatan belanja konsumsi rumah tangga dengan mengalokasikan dana untuk perlindungan sosial dan belanja konsumsi pemerintah dengan meningkatkan dana untuk belanja kementerian/lembaga. Penelitian ini bertujuan untuk menganalisis pengaruh belanja konsumsi pemerintah dan belanja investasi terhadap pertumbuhan ekonomi di Indonesia. Metode analisis yang digunakan dalam penelitian ini adalah analisis regresi linier berganda dan data yang digunakan adalah data deret waktu tahun 2011-2023. Berdasarkan hasil penelitian, secara parsial Belanja Pemerintah (NPPKP) tidak berpengaruh terhadap pertumbuhan ekonomi Indonesia, sedangkan belanja investasi berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi, kemudian secara simultan variabel pengeluaran konsumsi pemerintah (NPPKP) dan variabel pengeluaran investasi (NPPM) berpengaruh signifikan terhadap pertumbuhan ekonomi di Indonesia. Berdasarkan uji koefisien determinasi diperoleh nilai Adjusted R-square sebesar 0,67, yang menunjukkan bahwa variabel pengeluaran konsumsi pemerintah (NPPKP) dan variabel pengeluaran investasi (NPPM) mampu menjelaskan variabel pertumbuhan ekonomi sekitar 67 persen dan 33 persen dijelaskan oleh variabel lain diluar model.
Kata Kunci: Pertumbuhan Ekonomi, Belanja Konsumsi Pemerintah, Belanja Investasi
Article Details
Copyright (c) 2024 Jurni Hayati, Asep Yusup Hanapia, Rifky Wahyu Ramadhan
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
- This statement is a commitment from the author, to respect copyright, both in terms of quoting the work of others, as well as in the use of journal content.
- If needed, the author can send a statement of authenticity of the manuscript. With the receipt of an article by the Editor of Convergence: The Journal of Economic Development, the article submitted has the copyright held by Convergence: The Journal of Economic Development Convergence:
- The Journal of Economic Development has the right to reproduce and distribute articles that have been published in journals.
- The author is not permitted to publish the same article that has been published in this journal.
References
-
Abu, N., & Karim, M. A. (2016). The Relationships Between Foreign Direct Investment, Domestic Savings, Domestic Investment, and Economic Growth: The Case of Sub-Saharan Africa. Society and Economy, 38(2), 193–217.
Afiftah, A. T., Juliprijanto, W., & Destiningsih, R. (2019). Analisis Pengaruh Pengeluaran Konsumsi Pemerintah dan Pengeluaran Konsumsi Rumah Tangga Terhadap Pertumbuhan Ekonomi di Indonesia Tahun 1988-2017. Directory Journal of Economic, 1(2), 11-22.
Amusa, K., & Oyinlola, M. A. (2019). The effectiveness of government expenditure on economic growth in Botswana. African Journal of Economic and Management Studies, 10(3), 368–384.
Basuki, A. T. (2016). Analisis Regresi dalam Penelitian Ekonomi & Bisnis: Dilengkapi Aplikasi SPSS & Eviews. Jakarta: Rajawali Pers.
Christie, T. (2012). The effect of government spending on economic growth: testing the non-linear hypothesis. Bulletin of Economic Research, 66(2), 183–204.
Gujarati, D. N. (2010). Basic Econometrics. New York: The McGraw-Hill Companies.
Jhingan, M. L. (2012). Ekonomi Pembangunan dan Perencanaan. Jakarta: Rajawali Pers.
Kemenkeu. (2020). Mendorong Konsumsi Dalam Negeri untuk Purtumbuhan Ekonomi Nasional: “Belanja Lancar, Ekonomi Berputar. Diperoleh dari https://www.djkn.kemenkeu.go.id/artikel/baca/13393/Mendorong-Konsumsi-Dalam-Negeri-untuk-Purtumbuhan-Ekonomi-Nasional-Belanja-Lancar-Ekonomi-Berputar.html
Mangkosoebroto, G. (2014). Ekonomi Publik. Yogyakarta: BPFE – UGM.
Mankiw, N. G. (2010). Macroeconomics. New York: Worth.
Ogunjinmi, O. O. (2022). The Impact of Domestic Investment on Economic Growth Nigeria: Further Evidence. Asian Research Journal of Current Science, 4(1), 134-142.
Rostow, W. W., & Rostow, W. W. (1990). The stages of economic growth: A non-communist manifesto. UK: Cambridge university press.
Shabbir, M. S., Bashir, M., Abbasi, H. M., Yahya, G., & Abbasi, B. A. (2020). Effect of Domestic and Foreign Private Investment on Economic Growth of Pakistan. Transnational Corporations Review, 13(4), 437-449.
Smith, B.C. (1986). Decentralization: The Territorial Dimension of The State, Journal of Political Science, 38, 194-96.
Suhendra, I., & Irawati, D. A. (2016). Pengaruh Tabungan, Pengeluaran Pemerintah, dan Investasi Swasta Terhadap Produkdomestik Bruto di Indonesia. Jurnal Ekonomi-Qu, 6(2), 256-275.
Sukirno, S. (2016). Makroekonomi Teori Pengantar. Jakarta: PT. Raja Grafindo Persada.
Sukirno, S. (2008). Mikro Ekonomi Teori Pengantar. Jakarta: PT. Raja Grafindo Persada.
Swaramarinda, D. R.,& Indriani, S., (2011). Pengaruh Pengeluaran Konsumsi dan Investasi Pemerintah Terhadap Pertumbuhan Ekonomi di Indonesia”, Econosains Jurnal Online Ekonomi dan Pendidikan, 9(2), 95-105.
Tambunan, T. (2001). Perekonomian Indonesia: Teori dan Temuan Empiris. Jakarta: Ghalia Indonesia.
Widarjono, A. (2018). Ekonometrika Pengantar dan Aplikasinya Disertai Panduan Eviews. Yogyakarta: UPP STIM YKPN.
References
Afiftah, A. T., Juliprijanto, W., & Destiningsih, R. (2019). Analisis Pengaruh Pengeluaran Konsumsi Pemerintah dan Pengeluaran Konsumsi Rumah Tangga Terhadap Pertumbuhan Ekonomi di Indonesia Tahun 1988-2017. Directory Journal of Economic, 1(2), 11-22.
Amusa, K., & Oyinlola, M. A. (2019). The effectiveness of government expenditure on economic growth in Botswana. African Journal of Economic and Management Studies, 10(3), 368–384.
Basuki, A. T. (2016). Analisis Regresi dalam Penelitian Ekonomi & Bisnis: Dilengkapi Aplikasi SPSS & Eviews. Jakarta: Rajawali Pers.
Christie, T. (2012). The effect of government spending on economic growth: testing the non-linear hypothesis. Bulletin of Economic Research, 66(2), 183–204.
Gujarati, D. N. (2010). Basic Econometrics. New York: The McGraw-Hill Companies.
Jhingan, M. L. (2012). Ekonomi Pembangunan dan Perencanaan. Jakarta: Rajawali Pers.
Kemenkeu. (2020). Mendorong Konsumsi Dalam Negeri untuk Purtumbuhan Ekonomi Nasional: “Belanja Lancar, Ekonomi Berputar. Diperoleh dari https://www.djkn.kemenkeu.go.id/artikel/baca/13393/Mendorong-Konsumsi-Dalam-Negeri-untuk-Purtumbuhan-Ekonomi-Nasional-Belanja-Lancar-Ekonomi-Berputar.html
Mangkosoebroto, G. (2014). Ekonomi Publik. Yogyakarta: BPFE – UGM.
Mankiw, N. G. (2010). Macroeconomics. New York: Worth.
Ogunjinmi, O. O. (2022). The Impact of Domestic Investment on Economic Growth Nigeria: Further Evidence. Asian Research Journal of Current Science, 4(1), 134-142.
Rostow, W. W., & Rostow, W. W. (1990). The stages of economic growth: A non-communist manifesto. UK: Cambridge university press.
Shabbir, M. S., Bashir, M., Abbasi, H. M., Yahya, G., & Abbasi, B. A. (2020). Effect of Domestic and Foreign Private Investment on Economic Growth of Pakistan. Transnational Corporations Review, 13(4), 437-449.
Smith, B.C. (1986). Decentralization: The Territorial Dimension of The State, Journal of Political Science, 38, 194-96.
Suhendra, I., & Irawati, D. A. (2016). Pengaruh Tabungan, Pengeluaran Pemerintah, dan Investasi Swasta Terhadap Produkdomestik Bruto di Indonesia. Jurnal Ekonomi-Qu, 6(2), 256-275.
Sukirno, S. (2016). Makroekonomi Teori Pengantar. Jakarta: PT. Raja Grafindo Persada.
Sukirno, S. (2008). Mikro Ekonomi Teori Pengantar. Jakarta: PT. Raja Grafindo Persada.
Swaramarinda, D. R.,& Indriani, S., (2011). Pengaruh Pengeluaran Konsumsi dan Investasi Pemerintah Terhadap Pertumbuhan Ekonomi di Indonesia”, Econosains Jurnal Online Ekonomi dan Pendidikan, 9(2), 95-105.
Tambunan, T. (2001). Perekonomian Indonesia: Teori dan Temuan Empiris. Jakarta: Ghalia Indonesia.
Widarjono, A. (2018). Ekonometrika Pengantar dan Aplikasinya Disertai Panduan Eviews. Yogyakarta: UPP STIM YKPN.