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THE IMPACT OF PRIVATE INVESTMENT IN THE IMPROVEMENT OF SOCIAL WELFARE THROUGH ECONOMIC GROWTH AND LABOR ABSORPTION
Corresponding Author(s) : Achmad Daengs GS
Humanities & Social Sciences Reviews,
Vol. 8 No. 1 (2020): January
Abstract
Purpose of the study: This research aims to analyze the impact of private investment toward social welfare through economic growth and labor absorption in East Java Province of the 2010-2017 periods.
Methodology: The type of research used is Explanatory by using the approach of a quantitative method. Data collection used research instruments. Data analysis is quantitative/ statistical with the aim to test the determined hypothesis.
Main Findings: The results of the study show that: (1) Private investment is not significantly influential toward economic growth; (2) Private investment is significantly influential toward labor absorption; (3) Economic growth is significantly influential toward labor absorption; (4) Economic growth is not significantly influential toward social welfare; (5) Labor absorption is not significantly influential toward social welfare.
Applications of this study: Private Investment unit, Economic Growth, Absorption of Labor and Social welfare is obtained through the Statistics Agency within the period of 2010-2017.
Novelty/Originality of this study: The Effect of Economic Growth on Labor Absorption had a significant effect on labor absorption in East Java. It was proven by the t value of 3.800 which means that it was higher than 1.96. Thus, it could be explained that the high labor absorption could be increased through the existence of economic growth in East Java.
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- Adi, L. (2018). Pertumbuhan Ekonomi Dan Penyerapan Tenaga Kerja Di Pulau Kalimantan. Develop, 2(1). https://doi.org/10.25139/dev.v2i1.958 DOI: https://doi.org/10.25139/dev.v2i1.958
- Adisasmita, R. (2013). Teori-Teori Pembangunan Ekonomi: pertumbuhan ekonomi dan pertumbuhan wilayah. Yogyakarta: Graha Ilmu.
- Belk, R. W. (2007). Handbook of qualitative research methods in marketing. Edward Elgar Publishing. https://doi.org/10.4337/9781847204127 DOI: https://doi.org/10.4337/9781847204127
- Boediono, W. K. (2001). Teori dan aplikasi statistika dan probabilitas. Bandung: Remaja Rosdakarya.
- Dumairy. (1997). Perekonomian Indonesia. Erlangga.
- Eisele, B. (1991). Managing the Whole Language Classroom: A Complete Teaching Resource Guide for K-6 Teachers. Creative Teaching Press.
- Ghozali, I. (2011). Aplikasi Analisis Multivariate Dengan Program IBM. SPSS.
- Glesne, C. (2016). Becoming qualitative researchers: An introduction. ERIC.
- Hamzah, M. B. N. W. (2019). Transparency in the implementation of Good Corporate Governance in Indonesia Public Company. https://doi.org/10.4108/eai.8-12-2018.2283949 DOI: https://doi.org/10.4108/eai.8-12-2018.2283949
- Haq, R., & Zia, U. (2013). Multidimensional wellbeing: An index of quality of life in a developing economy. Social Indicators Research, 114(3), 997–1012. https://doi.org/10.1007/s11205-012-0186-6 DOI: https://doi.org/10.1007/s11205-012-0186-6
- Hedström, P. (2004). Generative models and explanatory research: on the sociology of Aage B. Sørensen. Research in Social Stratification and Mobility, 21, 13–25. https://doi.org/10.1016/S0276-5624(04)21002-2 DOI: https://doi.org/10.1016/S0276-5624(04)21002-2
- Hukubun, M., Rotinsulu, D., & Niode, A. (2015). Pengaruh Investasi Pemerintah dan Investasi Swasta terhadap Pertumbuhan Ekonomi dan Dampaknya terhadap Tenaga Kerja Propinsi Sulawesi Utara Tahun 2002-2012. JURNAL BERKALA ILMIAH EFISIENSI, 15(01).
- Laksmana, Afif, D., Lapian, Joyce, S. L. H. ., & Tumewu, F. (2015). The effect of compensation, leadership, work environment, and training on employee performance of bank syariah mandiri manado. Jurnal Emba, 3(3), 522–532.
- Mankiw, N. G. (2003). Makroökonomik, 5. Aufl., Stuttgart.
- Merican, Y., Yusop, Z., Noor, Z. M., & Hook, L. S. (2007). Foreign direct investment and pollution in five ASEAN nations. International Journal of Economics and Management, 1(2), 245–261.
- Meyer, B. D., & Sullivan, J. X. (2006). Consumption, income, and material well-being after welfare reform (No. w11976). National Bureau of Economic Research. https://doi.org/10.3386/w11976 DOI: https://doi.org/10.3386/w11976
- Nazir, H. (2014). Pengaruh Kepemilikan Institusional, Komposisi Dewan Komisaris Independen, Reputasi Kantor Akuntan Publik Dan Kompensasi Bonus Terhadap Manajemen Laba (Studi Empiris Pada Perusahaan Finance Yang Terdaftar Di Bei Tahun 2008-2011). Jurnal Akuntansi, 2(1).
- Nomor, U.-U. (2009). tahun 2009 tentang Kesejahteraan Sosial. Jakarta: Departemen Sosial RI.
- Noor, K. B. M. (2008). Case study: A strategic research methodology. American Journal of Applied Sciences, 5(11), 1602–1604. https://doi.org/10.3844/ajassp.2008.1602.1604 DOI: https://doi.org/10.3844/ajassp.2008.1602.1604
- Parasan, P. (2016). Analisis belanja pemerintah dan investasi swasta terhadap pertumbuhan ekonomi dan dampaknya terhadap kemiskinan di provinsi sulawesi utara. Jurnal berkala ilmiah efisiensI, 16(2).
- Rusniati, R., Sudarti, S., & Agustin, A. F. (2018). Analisis Pengaruh Pertumbuhan Ekonomi dan Upah Minimum terhadap Penyerapan Tenaga Kerja di Kabupaten Malang. Falah: Jurnal Ekonomi Syariah, 3(2), 34–42. https://doi.org/10.22219/jes.v3i2.7232 DOI: https://doi.org/10.22219/jes.v3i2.7232
- Saragih, J. P., & Khadafi, M. S. (2003). Desentralisasi Fiskal dan Keuangan Daerah dalam Otonomi. Ghalia Indonesia.
- Senewe, J. M. (2016). Analisis pengaruh investasi swasta, belanja modal dan tenaga kerja terhadap pertumbuhan ekonomi di kabupaten minahasa tahun 2005-2014. Jurnal berkala ilmiah efisiensI, 16(1).
- Sholihah, F., & Kustanto, M. (2015). Pengaruh pertumbuhan ekonomi dan kesenjangan pendapatan terhadap kesejahteraan masyarakat kabupaten sidoarjo. Sumber, 77(43), 0–85.
- Sugiyono, P. D. (2013). Metode Penelitian Manajemen. Bandung: Alfabeta, CV.
- Suharto, U. S., & Dharmala, R. (2016). Investasi swasta, upah minimum regional dan pertumbuhan industri besar dan sedang terhadap penyerapan tenaga kerja di provinsi banten. Jurnal Ekonomi-Qu, 6(1). https://doi.org/10.35448/jequ.v6i1.4198 DOI: https://doi.org/10.35448/jequ.v6i1.4198
- Suketi, N. A. (2011). Analisis Perbandingan Return Reksa Dana dengan Return Benchmark-nya Berdasarkan Metode Sharpe, Treynor, Jensen dan M2. Skripsi. Semarang: Universitas Diponegoro.
- Sukirno, S. (2008). Makro Ekonorni Teori Pengantar. PT. Raja Grafindo Persada, Jakarta.
- Tahir, K. (2018). Pengaruh pertumbuhan ekonomi investasi, upah minimum provinsi terhadap penyerahan tenaga kerja di sulawesi selatan. Jurnal Ekonomi Bisnis Syariah, 1(2), 110–132.
- Thomas, M., & Reinders, H. (2010). Task-based language learning and teaching with technology. A&C Black.
- Todaro, M. P., & Smith, S. C. (2011). Economic Development 11. Addison-Wesley, Pearson, ISBN, 10, 0–13.
- Zakiati, S. (2016). Analisis faktor-faktor yang mempengaruhi penyerapan tenaga kerja di Indonesia. Universitas Andalas.
References
Adi, L. (2018). Pertumbuhan Ekonomi Dan Penyerapan Tenaga Kerja Di Pulau Kalimantan. Develop, 2(1). https://doi.org/10.25139/dev.v2i1.958 DOI: https://doi.org/10.25139/dev.v2i1.958
Adisasmita, R. (2013). Teori-Teori Pembangunan Ekonomi: pertumbuhan ekonomi dan pertumbuhan wilayah. Yogyakarta: Graha Ilmu.
Belk, R. W. (2007). Handbook of qualitative research methods in marketing. Edward Elgar Publishing. https://doi.org/10.4337/9781847204127 DOI: https://doi.org/10.4337/9781847204127
Boediono, W. K. (2001). Teori dan aplikasi statistika dan probabilitas. Bandung: Remaja Rosdakarya.
Dumairy. (1997). Perekonomian Indonesia. Erlangga.
Eisele, B. (1991). Managing the Whole Language Classroom: A Complete Teaching Resource Guide for K-6 Teachers. Creative Teaching Press.
Ghozali, I. (2011). Aplikasi Analisis Multivariate Dengan Program IBM. SPSS.
Glesne, C. (2016). Becoming qualitative researchers: An introduction. ERIC.
Hamzah, M. B. N. W. (2019). Transparency in the implementation of Good Corporate Governance in Indonesia Public Company. https://doi.org/10.4108/eai.8-12-2018.2283949 DOI: https://doi.org/10.4108/eai.8-12-2018.2283949
Haq, R., & Zia, U. (2013). Multidimensional wellbeing: An index of quality of life in a developing economy. Social Indicators Research, 114(3), 997–1012. https://doi.org/10.1007/s11205-012-0186-6 DOI: https://doi.org/10.1007/s11205-012-0186-6
Hedström, P. (2004). Generative models and explanatory research: on the sociology of Aage B. Sørensen. Research in Social Stratification and Mobility, 21, 13–25. https://doi.org/10.1016/S0276-5624(04)21002-2 DOI: https://doi.org/10.1016/S0276-5624(04)21002-2
Hukubun, M., Rotinsulu, D., & Niode, A. (2015). Pengaruh Investasi Pemerintah dan Investasi Swasta terhadap Pertumbuhan Ekonomi dan Dampaknya terhadap Tenaga Kerja Propinsi Sulawesi Utara Tahun 2002-2012. JURNAL BERKALA ILMIAH EFISIENSI, 15(01).
Laksmana, Afif, D., Lapian, Joyce, S. L. H. ., & Tumewu, F. (2015). The effect of compensation, leadership, work environment, and training on employee performance of bank syariah mandiri manado. Jurnal Emba, 3(3), 522–532.
Mankiw, N. G. (2003). Makroökonomik, 5. Aufl., Stuttgart.
Merican, Y., Yusop, Z., Noor, Z. M., & Hook, L. S. (2007). Foreign direct investment and pollution in five ASEAN nations. International Journal of Economics and Management, 1(2), 245–261.
Meyer, B. D., & Sullivan, J. X. (2006). Consumption, income, and material well-being after welfare reform (No. w11976). National Bureau of Economic Research. https://doi.org/10.3386/w11976 DOI: https://doi.org/10.3386/w11976
Nazir, H. (2014). Pengaruh Kepemilikan Institusional, Komposisi Dewan Komisaris Independen, Reputasi Kantor Akuntan Publik Dan Kompensasi Bonus Terhadap Manajemen Laba (Studi Empiris Pada Perusahaan Finance Yang Terdaftar Di Bei Tahun 2008-2011). Jurnal Akuntansi, 2(1).
Nomor, U.-U. (2009). tahun 2009 tentang Kesejahteraan Sosial. Jakarta: Departemen Sosial RI.
Noor, K. B. M. (2008). Case study: A strategic research methodology. American Journal of Applied Sciences, 5(11), 1602–1604. https://doi.org/10.3844/ajassp.2008.1602.1604 DOI: https://doi.org/10.3844/ajassp.2008.1602.1604
Parasan, P. (2016). Analisis belanja pemerintah dan investasi swasta terhadap pertumbuhan ekonomi dan dampaknya terhadap kemiskinan di provinsi sulawesi utara. Jurnal berkala ilmiah efisiensI, 16(2).
Rusniati, R., Sudarti, S., & Agustin, A. F. (2018). Analisis Pengaruh Pertumbuhan Ekonomi dan Upah Minimum terhadap Penyerapan Tenaga Kerja di Kabupaten Malang. Falah: Jurnal Ekonomi Syariah, 3(2), 34–42. https://doi.org/10.22219/jes.v3i2.7232 DOI: https://doi.org/10.22219/jes.v3i2.7232
Saragih, J. P., & Khadafi, M. S. (2003). Desentralisasi Fiskal dan Keuangan Daerah dalam Otonomi. Ghalia Indonesia.
Senewe, J. M. (2016). Analisis pengaruh investasi swasta, belanja modal dan tenaga kerja terhadap pertumbuhan ekonomi di kabupaten minahasa tahun 2005-2014. Jurnal berkala ilmiah efisiensI, 16(1).
Sholihah, F., & Kustanto, M. (2015). Pengaruh pertumbuhan ekonomi dan kesenjangan pendapatan terhadap kesejahteraan masyarakat kabupaten sidoarjo. Sumber, 77(43), 0–85.
Sugiyono, P. D. (2013). Metode Penelitian Manajemen. Bandung: Alfabeta, CV.
Suharto, U. S., & Dharmala, R. (2016). Investasi swasta, upah minimum regional dan pertumbuhan industri besar dan sedang terhadap penyerapan tenaga kerja di provinsi banten. Jurnal Ekonomi-Qu, 6(1). https://doi.org/10.35448/jequ.v6i1.4198 DOI: https://doi.org/10.35448/jequ.v6i1.4198
Suketi, N. A. (2011). Analisis Perbandingan Return Reksa Dana dengan Return Benchmark-nya Berdasarkan Metode Sharpe, Treynor, Jensen dan M2. Skripsi. Semarang: Universitas Diponegoro.
Sukirno, S. (2008). Makro Ekonorni Teori Pengantar. PT. Raja Grafindo Persada, Jakarta.
Tahir, K. (2018). Pengaruh pertumbuhan ekonomi investasi, upah minimum provinsi terhadap penyerahan tenaga kerja di sulawesi selatan. Jurnal Ekonomi Bisnis Syariah, 1(2), 110–132.
Thomas, M., & Reinders, H. (2010). Task-based language learning and teaching with technology. A&C Black.
Todaro, M. P., & Smith, S. C. (2011). Economic Development 11. Addison-Wesley, Pearson, ISBN, 10, 0–13.
Zakiati, S. (2016). Analisis faktor-faktor yang mempengaruhi penyerapan tenaga kerja di Indonesia. Universitas Andalas.