Abstract
The World Economic Forum in The Global Competitiveness Report 2016-2018, places Indonesia's competitiveness in the 41st rank of 138 countries with a Global Competitiveness index score of 4.52 on a scale of 1-7. Many factors determine the downgrade of Indonesia's competitiveness, including the low security and macroeconomic stability. The fundamental problems in economic development in Indonesia are the low level of welfare, unsustainable economic growth, and the inadequate development process of economic sectors.The research aims to find empirical evidence in the framework of developing economic theory of development regarding the influence of macroeconomic stability structures, security stability and strategic industrial growth and its impact on economic growth. This study uses an explanatory method which aims to explain the causal relationship and test the hypothesis (hypothesis testing study). Secondary data in this study is the semester time series data for the period 2000-2018. The research model is formulated as a recursive linear model in the form of a Cobb-Douglas production function and analyzed using multiple linear regression analysis with the Ordinary Least Square method. The results show that security stability, strategic industrial growth, and macroeconomic stability simultaneously influence economic growth.Keywords: macroeconomic stability, security stability, strategic industrial growth and economic growth.
Highlights
Many factors determine the downgrade of Indonesia's competitiveness, including the low security and macroeconomic stability
The fundamental problems in economic development in Indonesia are the low level of welfare, unsustainable economic growth, and the inadequate development process of economic sectors
The research aims to find empirical evidence in the framework of developing economic theory of development regarding the influence of macroeconomic stability structures, security stability and strategic industrial growth and its impact on economic growth
Summary
Koefisien regresi untuk Stabilitas Makro ekonomi: b14 = 0,598; jika Stabilitas makro ekonomi naik 1 satuan, pada kondisi faktor lainnya bernilai konstan, maka Pertumbuhan Ekonomi cenderung naik 0,598 satuan. Sedangkan koefisien regresi untuk Pertumbuhan Industri Strategis: b24 = 1,343; jika Pertumbuhan Industri Strategis naik 1 satuan, pada kondisi faktor lainnya bernilai konstan, maka Pertumbuhan Ekonomi cenderung naik 1,343 satuan. Adapun koefisien regresi untuk Stabilitas Keamanan: b34 = 0,602; jika Stabilitas Keamanan naik 1 satuan, pada kondisi faktor lainnya bernilai konstan, maka Pertumbuhan Ekonomi cenderung naik 0,602 satuan. Besarnya pengaruh Stabilitas Makro ekonomi, Pertumbuhan Industri Strategis, dan Stabilitas Keamanan terhadap Pertumbuhan Ekonomi secara simultan ditunjukkan oleh koefisien determinasi yang disesuaikan (Adjusted R2), yaitu sebesar 94,3% dengan nilai statistik-F = 41,323 dan p-value = 0,000. Hasil Uji Pengaruh Simultan Stabilitas Keamanan, Pertumbuhan Industri Strategis, dan Stabilitas Makroekonomi terhadap Pertumbuhan Ekonomi
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