Pengaruh Pembiayaan Ultra Mikro (UMi) terhadap Pertumbuhan Ekonomi Daerah Melalui Pertumbuhan Produksi Industri Mikro dan Kecil

To maintain and increase economic growth rates above 5%, since 2017, Indonesia has launched an Ultra Micro Financing program for enterprises below micro and small categories (ultra micro enterprises). The financing is used to complement other types of financing, which is a bank loan for micro, small, and medium enterprises. Using regression method and causal testing to a panel data of 33 provinces in Indonesia during 2017 till 2018, this study aims to prove the direct and indirect effect of MSEs financing on regional economic growth and production growth in provincial regions in Indonesia. This research shows that the MSEs financing has positive impact on the manufacturing production growth but no significant impact on regional economic growth that is shown by Gross Domestic Product (GDP). This research also proves that manufacturing production has significant impact on GDP. Dalam usaha mencapai tingkat ekonomi di atas 5%, sejak tahun 2017, pemerintah Indonesia telah menerbitkan Pembiayaan Ultra Mikro (UMi), suatu program pembiayaan yang menyasar usaha di bawah kategori mikro dan kecil, yaitu usaha ultra mikro. Pembiayaan ini merupakan program komplemen atas Kredit Usaha Rakyat (KUR), yang berbentuk pinjaman bank terhadap usaha mikro, kecil dan menengah (UMKM). Dengan metode regresi dan analisis jalur atas data panel dari 33 provinsi di Indonesia tahun 2017-2018, penelitian ini bertujuan untuk membuktikan ada tidaknya pengaruh Pembiayaan Ultra Micro terhadap pertumbuhan ekonomi regional dan pertumbuhan produksi industri mikro dan kecil di tingkat provinsi. Penelitian ini menunjukkan bahwa Pembiayaan Ultra Mikro memiliki pengaruh signifikan terhadap pertumbuhan produksi industri mikro dan kecil namun tidak memiliki dampak signifikan terhadap pertumbuhan ekonomi regional, yang ditunjukkan oleh PDRB.

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Increasing the Regional Economic Groth through Small and Medium Entreprises

Journal of Economics Business and Accountancy Ventura ◽

10.14414/jebav.v20i2.1128 ◽

2017 ◽

Vol 20 (2) ◽

Author(s):

Hedwigis Esti Riwayati

Keyword(s):

Economic Growth ◽

Small And Medium Enterprises ◽

Panel Data Analysis ◽

Secondary Data ◽

Regional Economic Growth ◽

Capital Expenditures ◽

Regional Economic ◽

Local Revenue ◽

Medium Enterprises ◽

Positive Effect

This study aimed to analyze the influence of regional revenue, capital expenditures, labor and small and medium enterprises towards the regional economic growth in the Regencies in Sulawesi Island. This study uses a quantitative approach with secondary data obtained from the Central Statistics Agency. Based on the results of the panel data analysis using EViews 8.0 program processing tools, the results indicate that in partial local revenue, capital expenditures, labor, small and medium enterprises have significant positive effect on regional economic growth in the Regency/City of the island of Sulawesi. Another conclusion of the results in this research are feasible estimated regression model is used to explain the economic growth of the Regency/City of the island of Sulawesi.

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CREDIT FOR MSMES, PRIVATE CREDIT, AND REGIONAL ECONOMIC GROWTH IN INDONESIA: A PANEL VECTOR AUTOREGRESSIVE ANALYSIS

INFO ARTHA ◽

10.31092/jia.v3i2.576 ◽

2019 ◽

Vol 3 (2) ◽

pp. 85-100

Author(s):

Doddy Kristianto

Keyword(s):

Economic Growth ◽

Vector Autoregression ◽

Small And Medium Enterprises ◽

Regional Economic Growth ◽

Panel Var ◽

Regional Economic ◽

Vector Autoregressive ◽

Private Credit ◽

Medium Enterprises ◽

Panel Vector Autoregression

This study aims to analyse the dynamic between credit to micro, small, and medium enterprises (MSMEs), private credit, and regional economic growth in Indonesia. A panel vector autoregression model is employed to understand the dynamic in the model. Unlike previous cross-country studies, this paper is using provincial panel data. The relationship between variables in the model are connected under the same regulation, monetary authority, and fiscal institution. Thus, there will be no effects that appear from the differences of institutions. The results suggest that the interaction between credit to MSMEs and private credit is bi-directional. Also, credit to MSMEs and private credit does affect regional economic growth. However, the result does not provide strong evidence for causality from regional economic growth to credit for MSMEs or private credit. Penelitian ini bertujuan untuk menganalisis hubungan dinamis antara kredit kepada UMKM, kredit kepada sektor privat, dan pertumbuhan ekonomi regional di Indonesia. Untuk memahami hubungan ketiga variable tersebut, penelitian ini menggunakan panel vector autoregression (Panel VAR). Penelitian ini berbeda dengan penelitian antar negara yang telah ada sebelumnya karena penelitian ini menggunakan data pada level provinsi. Data pada level provinsi memiliki keunggulan karena berada pada sistem regulasi perbankan dan regulasi fiskal yang sama sehingga tidak terdapat efek dari adanya perbedaan institusional. Dari penelitian ini diketahui bahwa interaksi antara kredit kepada UMKM dan kredit kepada sektor privat adalah dua arah. Kredit kepada UMKM dan kredit kepada sektor privat mempengaruhi pertumbuhan ekonomi regional, namun tidak terdapat bukti kuat yang menjelaskan hubungan sebaliknya.

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Human Capital and Regional Economic Growth in Russia

Spatial Economics ◽

10.14530/se.2021.2.057-080 ◽

2021 ◽

Vol 17 (2) ◽

pp. 57-80

Author(s):

Boris Alekhin

Keyword(s):

Economic Growth ◽

Human Capital ◽

Panel Data ◽

Capital Accumulation ◽

Positive Impact ◽

Regional Economic Growth ◽

Human Capital Accumulation ◽

Regional Economic ◽

Long Run ◽

Per Capita

This study examines the contribution of human capital accumulation to regional economic growth using panel data for 82 subjects of the Russian Federation over 2002–2019. This paper aims to test the hypothesis that in the long-run equilibrium there exists a connection between economic growth and human capital accumulation in the regions of Russia. From the point of view of econometrics, it would mean that we should refute the hypothesis that there is no cointegration of time series describing the aforementioned variables. General theoretical framework was drawn from the neoclassical growth theory, and panel data econometrics suggested the appropriate empirical methodology. Pooled mean group and fully modified least squares estimators were applied to an autoregressive distributed lags model based on the Solow model. The results indicate that accumulation of human capital has a positive and statistically significant long-term impact on the rate of growth of per capita income and that these variables are cointegrated. Such calculations allow us to make the following conclusions: per capita GRP is cointegrated with physical and human capital on the regional level. The cointegrating equation ‘explained’ more than 90% of per capita GRP variance. Human capital accumulation had a significant positive impact on per capita GRP growth in the long run; such impact exceeded the impact of physical capital accumulation. The positive impact of human capital accumulation on per capita GRP growth surpassed the negative elasticity of growth GRP by the amount of resource excluded from the real sector to provide support to students and maintain the regional education system. The paces at which regional economies were heading towards the steady state differed which is an evidence that there exist an incredible manifold of ways and means for regions to adjust to disbalancies

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Factors impeding African immigrant entrepreneurs’ progression in selected small and medium enterprises: Evidence from a local municipality in South Africa

South African Journal of Business Management ◽

10.4102/sajbm.v49i1.10 ◽

2018 ◽

Vol 49 (1) ◽

Author(s):

Bernard L. Ngota ◽

Eric E. Mang'unyi ◽

Sookdhev Rajkaran

Keyword(s):

Economic Growth ◽

South Africa ◽

Poverty Reduction ◽

Positive Impact ◽

Small And Medium Enterprises ◽

Well Being ◽

Wealth Creation ◽

African Immigrant ◽

Immigrant Entrepreneurs ◽

Medium Enterprises

This study examines factors inhibiting African immigrant entrepreneurs’ small and medium enterprises’ (SMEs) growth in a municipality of South Africa. Understanding these factors is important to stakeholders as this is an area that plagues much of the immigrant entrepreneurship literature. The study is descriptive in nature, and data were sourced from active African immigrant entrepreneurs through a quantitative approach. Random sampling was used to identify a total of 75 businesses. The results indicated that access to credit from regulated financial institutions is a mirage and that Afrophobic attacks on businesses dwindles prospects of entrepreneurship, job and wealth creation, thus impacting on economic growth of the region. To help bring ‘long-lasting’ co-existence between immigrant entrepreneurs and natives, formulation and implementation of ‘liberal’ integrated public policy interventions and strategies are needed. This would help in having a positive impact on the region’s prosperity in terms of job creation, poverty reduction and economic growth, in turn improving the peoples’ well-being. Given the migratory patterns and greater human global mobility, debate on integrated approaches among or within government systems should never be obscure as it is one of the biggest challenges in the continent.

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Government Spending on Healthcare and Economic Growth in Russia: A Regional Aspect

Spatial Economics ◽

10.14530/se.2021.1.097-122 ◽

2021 ◽

Vol 17 (1) ◽

pp. 97-122

Author(s):

Olga Demidova ◽

◽

Elena Kayasheva ◽

Artem Demyanenko ◽

◽

...

Keyword(s):

Economic Growth ◽

Labor Force ◽

Healthcare Expenditure ◽

Positive Impact ◽

Healthcare Services ◽

Regional Economic Growth ◽

Spatial Effects ◽

Russian Regions ◽

Healthcare Expenditures ◽

Regional Economic

The aim of this paper was to investigate the influence of an increase in government healthcare expenditures on regional economic growth in Russia. Studies have shown that an increase in healthcare expenditures stimulate an increase in GDP through several channels. Firstly, it improves the quality of labor force, which can lead to an increase in labor productivity. Secondly, an increase in productivity and size of labor force lead to consumption expansion and then to firms’ income growth, so there is a multiplication effect. Including the assumption that the relationship between healthcare expenditure and economic growth may be non-linear we formed the hypothesis of the existence of the average optimal share of healthcare expenditure in GRP that maximizes average regional economic growth rate. In this research it was suggested that an increase in healthcare expenditures besides the direct effect on economic growth of a particular region also affects economic growth of neighboring regions. The possible explanation of this is the positive impact of healthcare services received in the neighboring regions on nearby territories, joint national healthcare projects, and distribution of scientific knowledge. Using the spatial Durbin model focusing on regional data of 2005–2017, it was shown that the average optimal share of healthcare expenditures equals to 5,9% of GRP with an inclusion of spatial effects and 7,6% without them, outlining the importance of including interconnection variables between Russian regions into the model. The regional statistics analysis showed the failure to reach the recommended share by most Russian regions, which can be viewed as a possibility for economic growth stimulation in case of the increase in governmental spending on healthcare in the future

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