Panel Data Regression on Gross Regional Domestic Product in West Sumatra

Abstract

Economic growth is assessed by the amount of gross regional domestic product (GRDP) as part of the development of people's welfare. West Sumatra Province needs a development plan that is able to produce GRDP per capita population of 9 to 11 times the current economic growth. To examine the economic growth of a country, not only using cross section data, because it is important to observe the behavior of the research unit over several periods of time. So that research is carried out whether there is an influence on the level of labor force participation, average length of schooling, life expectancy, and the number of poor people on GRDP per capita in districts / cities in West Sumatra in 2020-2023 using panel data regression. This research is an applied research with secondary data obtained from the Regency / City RPJPD document and the official website of the West Sumatra Statistics Agency consisting of 19 districts / cities as objects and the period 2020-2023.   The factors that are significant to GRDP per capita are average years of schooling and life expectancy with the selected model, namely the fixed effect model. The model has a good ability to explain the dependent variable with a value of 82.72%