Abstract
Economic growth as a macroeconomic indicator that becomes a benchmark for a region can be seen from the increase in the income per capita of its population and the increase in production activities in various economic business fields. The magnitude of the economic potential of Makassar City is not directly proportional to the existing economic growth. The government seems unable to reproduce new sources of growth and this is exacerbated by the post-Covid-19 virus exposure. This is a problem for accelerating the city's economic growth. The novelty of this research tries to explore further the potential sources of new economic growth in Makassar City which is seen from sectoral contributions, namely the education sector, tourism sector, industrial sector, and trade sector. The purpose of this study describes the influence of the contribution of the education sector, tourism sector, industrial sector, and trade sector on economic growth in Makassar City. The data used in this study is secondary data obtained from the Central Statistics Agency in Makassar City. The analysis technique used is multiple linear regression analysis with the help of SPSS 23 software. The results show that the variables of education, industry, and trade have a positive and significant impact on economic growth in Makassar City. However, the tourism sector has no effect on economic growth in Makassar City. The implication of the research is that the government should strive to increase economic growth, by accelerating potential productive sectors, as the findings of this research, namely the education, trade and industry sectors, as a new source of economic growth for Makassar City. This is the focus so that in the future the city's economy will improve and become part of the economic recovery strategy agenda after the Covid-19 case. Keywords: Covid-19; Education; Growth; Industry; Trading
Highlights
Economic growth is one of the barometers of the economic progress of a region, where it can be seen from the average value of sectoral growth calculated through Gross Regional Domestic Product (GRDP), indicating that there is economic growth in aggregate at the sectoral growth rate (Jorda et al, 2017; Li et al, 2020; Saputri and Anwar, 2019)
Makassar City is one of the many regions in Indonesia whose economy has been negatively affected by Covid-19
When Covid-19 began to enter Indonesia in 2020 and eventually spread to all regions, the economy of Makassar City was hit very badly. This can be seen from the economic growth rate which contracted to -1.27 percent, the worst in the history of Makassar City (BPS Makassar, 2020)
Summary
Economic growth is one of the barometers of the economic progress of a region, where it can be seen from the average value of sectoral growth calculated through Gross Regional Domestic Product (GRDP), indicating that there is economic growth in aggregate at the sectoral growth rate (Jorda et al, 2017; Li et al, 2020; Saputri and Anwar, 2019). Makassar City's economic growth has been dominated by three sectors, namely the trade, manufacturing and construction industries The dominance of this sector has been quite strong in the last five years, from 2016 to 2020. Even though this city has enormous potential resources, there are even many economic sectors that have not been able to be optimized, to encourage the economic growth of Makassar City. After the outbreak of the Covid-19 pandemic that hit all lines of the city's economy This momentum should be a turning point for the Makassar City government, to encourage new sources of growth amid the current uncertain economic conditions
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