Analisis Ekonomi Neo-Klasik terhadap Pertumbuhan Ekonomi Kabupaten Deli Serdang

Octa Yulanda Putri; Mufarrida Dalilah; Laila Agustin Pohan; Almirah Olivia Siregar

doi:10.59581/jka-widyakarya.v3i1.4618

Authors

Octa Yulanda Putri Universitas Islam Negeri Sumatera Utara
Mufarrida Dalilah Universitas Islam Negeri Sumatera Utara
Laila Agustin Pohan Universitas Islam Negeri Sumatera Utara
Almirah Olivia Siregar Universitas Islam Negeri Sumatera Utara

DOI:

https://doi.org/10.59581/jka-widyakarya.v3i1.4618

Keywords:

Growth, Economy, Model, Solow-Swan, Technology

Abstract

Deli Serdang Regency located in North Sumatra Province has significant economic potential, supported by the agriculture, industry, trade, and service sectors. In recent years, Deli Serdang Regency has experienced fluctuations in its economic growth. This study analyzes the economic growth of Deli Serdang Regency using the Solow-Swan model. Secondary data from the Central Statistics Agency (BPS) in 2019-2020 accessed through the website https://www.bps.go.id/id analyzed to estimate model parameters. The results show that: (1) the level of savings and investment has a significant effect on economic growth, (2) technology and labor growth play an important role in increasing productivity, and (3) fiscal and monetary policies need to be optimized to increase economic growth. The Solow-Swan model effectively explains the dynamics of economic growth in Deli Serdang Regency.

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