Economic growth forecasting apparatus in regions with different reproduction structure

Identifying the main factors of economic growth, the study and analysis of the mechanisms of their influence on the development of regions can be considered one of the most pressing problems in modern economic research. The main goal of the research is to build an econometric production model of regional economic growth on the basis of an analysis of existing analytical approaches to assessing regional economic growth. To achieve this goal, a study was conducted to assess the quality of economic growth using multiplicative models of production functions by regions of the Russian Federation, which will allow building a unique function for each region, which describes the economic potential and the future direction of regional development. As a result of the study, it was concluded that it is necessary to adjust the existing and develop new approaches to assessing the dynamics of economic development. An econometric production model of regional economic growth is presented, which is based on production functions.

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Regional Competitiveness and National Economic Growth

Advances in Finance, Accounting, and Economics - Economic Reforms for Global Competitiveness ◽

10.4018/978-1-5225-3856-1.ch016 ◽

2018 ◽

pp. 306-328

Author(s):

Omas Bulan Samosir ◽

Wilson Rajagukguk

Keyword(s):

Economic Growth ◽

Regional Economic Growth ◽

Economic Research ◽

Regional Competitiveness ◽

Regional Economic ◽

The World Bank ◽

National Economic ◽

The World ◽

Skilled Health ◽

Skilled Health Worker

Indonesia is a country with a notable economic inequality both across its provinces and districts. This inequality can be attributed to the disparities in access to development. In this paper, the effects of regional competitiveness and economic reforms on economic growth is studied. Regional competitiveness factors include infrastructure pillar, health and education pillar, and labor market efficiency pillar. The data come from the Indonesia Database for Policy and Economic Research (INDO-DAPOER) of the World Bank for the year 2010. The results of the study show that the percentage of households with electricity, the percentage of births attended by skilled health worker, the net enrollment ratio for primary education, the number of people employed, and the total grants statistically and significantly influence regional economic growth positively. Indonesia is to reduce inequality in regional competitiveness and improve the total grants distribution in order to promote regional economic growth equality in the country.

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Agriculture and regional economic growth in Indonesia

E3S Web of Conferences ◽

10.1051/e3sconf/202125806037 ◽

2021 ◽

Vol 258 ◽

pp. 06037

Author(s):

Wilson Rajagukguk

Keyword(s):

Economic Growth ◽

Oil And Gas ◽

Least Square ◽

Regional Economic Growth ◽

Economic Research ◽

Outcome Variable ◽

Literacy Rate ◽

Regional Economic ◽

Safe Water ◽

Agriculture Sector

The Republic of Indonesia consists of 34 provinces in 514 districts with diverse economic characteristics. The objective of this research is to analyze the association between agriculture sector and regional economic growth in Indonesia. The data source was from the Indonesia Database for Policy and Economic Research (INDO-DAPOER) of the World Bank. The study covered the period between 2001 and 2008. The province total gross domestic product (GDP) excluding oil and gas was used as the outcome variable. The covariates were grouped into agricultural and development variables. The agricultural variables were total agricultural credit, number of people employed in agriculture, forestry and fishery, and agriculture function expenditure. Meanwhile, the development variables were percentage of household with access to safe water and literacy rate for population age 15 and over. The data analysis method was the generalized least square multiple regression with random effects. The results of the study indicate that the Indonesia’s province GDP increased every year. In addition, higher economic growth was associated with higher total agriculture credit, larger number of people employed in agriculture, forestry and fishery, higher agricultural function expenditure, higher percentage of household with access to safe water, and higher literacy rate for population age 15 and over.

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