Abstract
Since economic growth is a macro indicator of successful development, all countries strive to get maximum economic growth to create public welfare, especially for developing countries. Therefore, using the example of a city in one such country, namely Lamongan in Indonesia, let’s examine the effects of local income, capital expenditure and partial investment simultaneously on economic growth. Thus, the object of the research is the influence of locally-generated revenue, capital expenditure, partial investment, and simultaneously economic growth in the Lamongan in 2010–2019.This research was established with a quantitative approach. The data used are secondary data published by the Central Bureau of Statistics of Lamongan, the Regional Financial and Asset Management Agency of Lamongan, the Office of investment, and One-Stop Services, Lamongan in 2010–2019. The results of the study conclude that partially the locally-generated revenue variable has a significant negative effect on economic growth in Lamongan in 2010–2019, capital expenditure has a significant positive impact on economic growth in Lamongan in 2010–2019, and investment did not hurt economic growth in Lamongan in 2010–2019. Simultaneously, the locally-generated revenue variables, capital expenditure, and acquisition significantly affected Economic Growth in Lamongan in 2010–2019. This study’s results are expected to become information, reference materials, and references to develop and expand future research. For the Lamongan government, this research can be used as a necessary consideration and input to improve policies related to increasing economic growth of country.
Highlights
According to the author of [1], economic growth is a macro indicator of successful development
The data is taken from the report on the realization of the Lamongan Regional Revenue and Expenditure Budget for 2010–2019, which is sourced from the Regional Financial and Asset Management Agency of Lamongan; 3) capital expenditure is the cost incurred by Lamon gan to acquire assets and can be used for more than one year, which includes maintenance costs that can increase capacity and quality
The Capital Expenditure of Lamongan has increased every year; this can be seen in the Lamongan Regional Revenue and Expenditure Budget realization data
Summary
According to the author of [1], economic growth is a macro indicator of successful development. All countries strive to get maximum economic growth to create public welfare, especially for developing countries. The authors of [2] explain that the indicator of eco nomic growth is the Gross Domestic Regional Prod uct (GDRP). Locally-Generated Revenue is income derived from the area and taken by the local government [3]. The financing used by the government for activities and development in a region depends on the income received by a part. If an area’s payment is continuously increasing, the regional development will improve the facilities and infrastructure to support community activities
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