<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This research is important because the commencement of the Asean Economic Community (MEA) has a positive impact that is spurring the growth of investment from within and outside the country, so that domestic investment has the potential to increase which will increase the number of employment for Indonesian workers especially in province of North Sumatera.This study aims to: identify the effect of household consumption on economic growth, identify the effect of investment on economic growth, identify the influence of Labor on economic growth, and identify the effect of interest rate on economic growth . The data used in this research were secondary data in 2006-2016 in Province of North Sumatera. Data obtained from various agencies, namely: Department of Labor and Transmigration, Central Statistics Agency of Province of North Sumatra, some other sources such as journals and relevant research results. Methods of analysis using Two Stage Least Square method (TSLS). The results of this study found that: Household consumption has a positive and significant effect to economic growth, Investment has positive and significant effect to economic growth, Labor has positive and significant impact to economic growth, and Interest rate has a negative and significant effect on economic growth.</p></abstract>

This research is important because the commencement of the Asean Economic Community (MEA) has a positive impact that is spurring the growth of investment from within and outside the country, so that domestic investment has the potential to increase which will increase the number of employment for Indonesian workers especially in province of North Sumatera.This study aims to: identify the effect of household consumption on economic growth, identify the effect of investment on economic growth, identify the influence of Labor on economic growth, and identify the effect of interest rate on economic growth . The data used in this research were secondary data in 2006-2016 in Province of North Sumatera. Data obtained from various agencies, namely: Department of Labor and Transmigration, Central Statistics Agency of Province of North Sumatra, some other sources such as journals and relevant research results. Methods of analysis using Two Stage Least Square method (TSLS). The results of this study found that: Household consumption has a positive and significant effect to economic growth, Investment has positive and significant effect to economic growth, Labor has positive and significant impact to economic growth, and Interest rate has a negative and significant effect on economic growth.

Analysis the Effect of Household Consumption Expenditure, Investment and Labor to Economic Growth: A Case in Province of North Sumatra

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

This research is important because the commencement of the Asean Economic Community (MEA) has a positive impact that is spurring the growth of investment from...

Analysis the Effect of Household Consumption Expenditure, Investment and Labor to Economic Growth: A Case in Province of North Sumatra

Published Online: Dec 06, 2018

Page range: 45 - 54

Received: May 01, 2018

Accepted: Nov 01, 2018

DOI: https://doi.org/10.2478/sues-2018-0019

Keywords
Household Consumption Expenditure, Investment, Labor, Interest Rates, Economic Growth

© 2018 Richna Handriyani, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Analysis the Effect of Household Consumption Expenditure, Investment and Labor to Economic Growth: A Case in Province of North Sumatra

Published Online: Dec 06, 2018

Page range: 45 - 54

Received: May 01, 2018

Accepted: Nov 01, 2018

DOI: https://doi.org/10.2478/sues-2018-0019

KeywordsHousehold Consumption Expenditure, Investment, Labor, Interest Rates, Economic Growth

© 2018 Richna Handriyani, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Household Consumption Expenditure, Investment, Labor, Interest Rates, Economic Growth