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Determinant of gross regional domestic product (GRDP) in Yogyakarta special province

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  • Nur Feriyanto

    (Department of Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia.)

Abstract

The aim of this study is to analyze the influence of employment, investment and the number of tourists towards GRDP in Yogyakarta. The data used in this research is a time series data for the period of 1999-2013. This research employed multiple regression and dynamic regression, namely partial adjustment model. The multiple regression estimation shows that employment has negative effect to GRDP, meanwhile the investment and the number of tourists have a positive relation towards dependent variable. Moreover, based on partial adjustment model, adjustment process also influences the output accumulation in Yogyakarta. Therefore, to develop the local economy, the government may invite more tourists as well as increase investment in Yogyakarta.

Suggested Citation

  • Nur Feriyanto, 2014. "Determinant of gross regional domestic product (GRDP) in Yogyakarta special province," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 6(2), pages 131-140, April.
    • Handle: RePEc:uii:journl:v:6:y:2014:i:2:p:131-140
    DOI: http://dx.doi.org/10.20885/ejem
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    GRDP; employment; investment; number of tourists;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation

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