economic ANALYSIS OF INVESTMENT RELATIONSHIP (PMDN), HDI, NUMBER OF LABOR AND ECONOMIC GROWTH IN DKI JAKARTA ANALYSIS OF INVESTMENT RELATIONSHIP (PMDN), HDI, NUMBER OF LABOR AND ECONOMIC GROWTH IN DKI JAKARTA

Abstract

This research aims to analyze the relationship and impulse response between Domestic Investasi, Human Development Index (HDI), Employment, and Pertumbuhan ekonomi in the DKI Jakarta Province. The data used in this research is secondary data obtained from publications by the Central Bureau of Statistics of DKI Jakarta and the Investasi Coordinating Board of the Republic of Indonesia (BKPM-RI) for 22 years (2000-2021). The research method used is VAR analysis. The results of the study show that PMDN Investasi has a positive but insignificant relationship with pertumbuhan ekonomi. HDI has a significantly positive relationship with pertumbuhan ekonomi, while Employment has a significantly negative relationship with pertumbuhan ekonomi. Meanwhile, the impulse response during 22 years shows that all variables experience shocks that tend to be stable.