Analisis Pengaruh Upah Minimum, Inflasi, dan Tenaga Kerja Formal terhadap Produk Domestik Regional Bruto: Studi Panel Data Provinsi di Indonesia (2018-2024)
DOI:
https://doi.org/10.20527/jiep.v8i2.2725Keywords:
Upah Minimum, inflasi, tenaga kerja, Produk Domestik Regional Bruto, Panel DataAbstract
This study examines the impact of minimum wage, inflation, and formal employment on Regional GDP in Indonesia using panel data from 34 provinces (2018-2024). Fixed effects model results show: (1) an 1% increase in minimum wage raises GDP by 1.48% (p<0.001); (2) inflation has a positive 0.018% effect; (3) a 1% increase in formal employment boosts GDP by 0.019%. These findings confirm the importance of appropriate wage policies, inflation control, and labor formalization for regional economic growth.
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