ANALYSIS OF FACTORS AFFECTING THE ECONOMIC GROWTH IN REGIONAL YOGYAKARTA INDONESIA (VECM APPROACH OF THE YEAR 1983 – 2013)
Abstract
The main objective of this study was to analyze the influence of local revenue, the consumer price index and labor force to economic growth in DIY in the short term and long term. The data used is data time series period 1983- 2013, published by the Central Statistics Agency of Yogyakarta Special Region.
While the analysis method used is using the model VECM (Vector Error Correction Model) is a method derived from the VAR. Based on the results of this study concluded that the variable revenue (PAD) positive and significant impact on economic growth (GDP) in the short term. However, the variable revenue (PAD) have a negative impact although no significant effect on economic growth in the long term. Variable Consumer Price Index (CPI) is negative and significant effect on economic growth (GDP) in the short term. But variable Consumer Price Index (CPI) has a positive impact and no significant effect on economic growth (GDP) in the long term. Variable Work Force (AK) a significant negative effect on economic growth (GDP) in the short term. However, the variable Work Force (AK) has a negative and significant impact on economic growth (GDP) in the long term.