Abstract
High and sustainable economic growth is the main condition or a must for the continuity of economic development and increased welfare. GRDP is defined as the total added value generated by all business units in an area. The analytical method used in this study is panel data regression analysis. Panel data regression is used to observe the relationship between one dependent variable and one or more independent variables. This study aims to determine the panel regression model of Gross Regional Domestic Product (GDP) in Indonesia for the period 2018 to 2021 and to find out whether the domestic investment investment variable and the cooperative business volume variable affect GRDP in Indonesia for the 2018-2021 period. The results obtained in this study are that the best panel regression model for modeling GRDP is the FEM model and the variable Domestic Investment Investment and Cooperative Business Volume are variables that have a significant effect on the GRDP variable in Indonesia for the 2018-2021 period.
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