Determinant of gross regional domestic product (GRDP) in Yogyakarta special province
The aim of this study is to analyze the influence of employment, investmentÂ and the number of tourists towards GRDP in Yogyakarta. The data used in thisÂ research is a time series data for the period of 1999-2013. This research employedÂ multiple regression and dynamic regression, namely partial adjustmentÂ model. The multiple regression estimation shows that employment has negativeÂ effect to GRDP, meanwhile the investment and the number of tourists have aÂ positive relation towards dependent variable. Moreover, based on partial adjustmentÂ model, adjustment process also influences the output accumulation inÂ Yogyakarta. Therefore, to develop the local economy, the government mayÂ invite more tourists as well as increase investment in Yogyakarta.Â
Economic Journal of Emerging Markets (EJEM)
ISSN 2086-3128 (print), ISSN 2502-180X (online)
Center for Economic Studies, Department of Economics,
Universitas Islam Indonesia, Indonesia.
EJEM by http://journal.uii.ac.id/JEP/ is licensed under a Creative Commons Attribution 4.0 International License.