%A NIM.: 22108010072 Khairil Ghifari
%O Dr. Miftakhul Choiri, S.Sos.I., M.S.I.
%T DETERMINANTS OF ECONOMIC GROWTH IN TEN PROVINCES OF SUMATERA ISLAND
%X This study analyzes the determinants of economic growth in ten provinces on
Sumatera Island using panel data from 2012 to 2024. Economic growth is measured by
Gross Regional Domestic Product (GRDP), while domestic investment (PMDN),
Human Development Index (HDI), and Information and Communication Technology
Development Index (IP-TIK) are employed as explanatory variables. The empirical
model is estimated using a Fixed Effect Model (FEM) with Seemingly Unrelated
Regression (SUR) to address cross-sectional correlation and improve estimation
efficiency. The results indicate that domestic investment and human development have
a positive and statistically significant effect on economic growth, confirming the
theoretical predictions of endogenous growth theory that emphasize the role of capital
accumulation and human capital in fostering long term growth. In contrast, the ICT
development index exhibits a negative and significant effect, suggesting that digital
development in Sumatera has not yet been fully transformed into productive economic
activities and may still be dominated by consumption based usage. These findings
imply that policies aimed at strengthening investment quality, improving human
capital, and directing ICT utilization toward productive sectors are essential to promote
sustainable regional economic growth in Sumatera Island.
Keywords: Economic Growth, Domestic Investment, Human Development
Index, ICT Development Index
%K Economic Growth, Domestic Investment, Human Development
Index, ICT Development Index
%D 2026
%I UIN SUNAN KALIJAGA YOGYAKARTA
%L digilib77326