Abstract
Economic growth is hoped to have a positive impact and also increase the welfare of the community. a good inclusive economic growth requires a study on this matter, it can be started by looking at what factors can fulfill inclusive economic growth. So, this research aims to know the inclusive economic growth of cities and districts in East Java in 2015-2019 and to look at the factors that can influence the achievement of inclusive economic growth. The research method used is the calculation of inclusive growth created by UNDP and panel data linear regression analysis. In 2019, all regions at the level were filled by districts, while the city was still at the intermediate level. The results of the regression analysis show that trade openness and investment realization affect the inclusive economic growth of cities and districts in East Java in 2015-2019.
Highlights
Inclusive economic growth is a process that ensures equal access to economic opportunities for all people regardless of the situation of each individual (Badan Pusat Statistik, 2016)
The concept of an inclusive economy is a concept that provides a broader picture of the existence of economic growth which has been the benchmark for the progress of a country or region
An inclusive economy provides a picture that focuses on the impact of economic growth
Summary
Inclusive economic growth is a process that ensures equal access to economic opportunities for all people regardless of the situation of each individual (Badan Pusat Statistik, 2016). It is expected to have a positive impact or increase the welfare of the community evenly regardless of the class of each individual To know about this issue, several world and national institutions have made calculations regarding inclusiveness. According to (Ramadhan & Setiadi, 2019) the government continues to strive to spur quality economic growth both regionally and nationally by increasing the value of the investment by providing and revising related regulations that can hamper and continue to carry out infrastructure development, especially in areas that are still lagging. The role of trade openness in the economy, especially for the achievement of inclusive economic growth, is very important, the positive impact of technological developments through trade openness can open up access to fulfillment of needs between regions. Equality can be achieved and can accelerate economic growth, leading to the accelerated achievement of inclusive economic growth
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