Abstract
This study analyzes the occurrence of economic convergence between districts / cities in Aceh Province and looks at the factors that can accelerate the economic convergence. This study uses panel data from 23 districts / cities in Aceh Province for the period 2008-2018. The results found from this study are that there has been economic convergence, both sigma convergence and beta convergence, in Aceh Province. Factors that significantly influence economic convergence in Aceh Province are the average length of schooling, life expectancy, and the special autonomy fund. The time needed to get to half the convergence process is 4.10 years with the resulting conditional beta convergence rate of 16.89%.
Highlights
Economic development is an effort to manage existing resources optimally with the aim of community welfare
Many policies have been produced by the government to obtain high economic growth and produce welfare that is evenly distributed between regions
One of the policies that have been produced by the government is implementing decentralization in 2001. This decentralization policy allows the central government to focus on macro policies only, while local governments can optimize the potential for economic development in the regions
Summary
Economic development is an effort to manage existing resources optimally with the aim of community welfare. Many policies have been produced by the government to obtain high economic growth and produce welfare that is evenly distributed between regions. This can be seen from the negative growth rate for 2 (two) consecutive years, namely in 2004 (-9.63%) and 2005 (-10.12%). After going through this difficult period, the economy of Aceh Province has slowly begun to improve, especially after the provision of the special autonomy fund (DOK) in 2008
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