The Effect of Economic Growth, Regional Own Revenue, and General Allocation Fund on Capital Expenditure in Central Sulawesi Province
##plugins.themes.EpsilonTheme.article.main##
Muh. Rafli Busman
Rita Yunus*
Yunus Sading
Edhi Taqwa
Santi Yunus
Andi Herman Jaya
Busman
Despite the robust economic growth and rising regional income, capital expenses in Central Sulawesi are still relatively low in comparison to operational costs. This raise worries about how effective the fiscal capacity is in promoting development through public investments. This study aims to examine the impact of Economic Growth, Regional Own Revenue (PAD), and General Allocation Fund (DAU) on Capital Expenditure across Central Sulawesi Province. The research will draw upon secondary data spanning five years (2020-2024) from the Central Statistics Agency (BPS) and BAPPEDA covering all regencies and cities within Central Sulawesi Province. The methodology follows a quantitative approach using Multiple Linear Regression Analysis with Panel Data. The investigation focuses on three independent variables - Economic Growth, Regional Own Revenue (PAD), and General Allocation Fund (DAU) and their relationship to the dependent variable of Capital Expenditure. The findings indicate that all three variables collectively contribute positively to capital expenditure, largely influenced by the highly significant PAD variable with a positive coefficient (p-value = 0.0000). Partially, economic growth and DAU are not significant despite having positive but very low coefficient values. PAD is the only factor that has a strong and beneficial effect on capital spending. This suggests that regions receiving more PAD tend to allocate more funds towards capital expenditure. The statistical analysis of the regression model in this research indicates its significance and ability to accurately explain changes in capital spending.
Basri, F., & Munandar, H. (2010). Dasar-dasar ekonomi internasional: pengenalan dan aplikasi metode kuantitatif. Jakarta (ID): Kencana.
Boediono. (2018). Teori pertumbuhan ekonomi. BPFE-Yogyakarta.
Cindriyanti, C., Hambani, S., & Anwar, S. (2025). Pengaruh Pertumbuhan Ekonomi, Pendapatan Asli Daerah, Dana Alokasi Umum dan Dana Alokasi Khusus Terhadap Belanja Modal Provinsi Jawa Barat. Jurnal Arastirma, 5(1), 1–14. https://doi.org/10.32493/jaras.v5i1.39670
Damayanti, F. (2024). Pengaruh Pertumbuhan Ekonomi,Pendapatan Asli Daerah dan Dana Alokasi Umum Terhadap Anggaran Belanja Modal di Provinsi Jambi Tahun 2001-2023. Universitas Jambi.
Ghozali, I. (2016). Aplikasi Analisis multivariete dengan program IBM SPSS 23 (Edisi 8). Cetakan Ke VIII. Semarang: Badan Penerbit Universitas Diponegoro, 96.
Halim, A. (2014). Akuntansi Keuangan Daerah Edisi 4. Salemba Empat.
Halim, A., & Kusufi, M. S. (2013). Akuntansi Sektor Publik: Akuntansi Keuangan Daerah. Salemba Empat.
Kasmir. (2017). Analisis Laporan Keuangan. Raja Grafindo Persada.
Khusaini, M. (2006). Ekonomi publik: desentralisasi fiskal dan pembangunan daerah. Badan Penerbit Fakultas Ekonomi Universitas Brawijaya.
Mahmudi. (2016). Analisis Laporan Keuangan Pemerintah Daerah. UPP STIM YKPN.
Manurung, A. H., Saragih, F. D., Toruan, R. L., & Manurung, J. J. (2005). Ekonometrika: Teori dan Aplikasi. Elex Media Komputindo.
Marliana, R., Prasetyo, A. S., & Yulianto, P. D. (2022). Pengaruh Pendapatan Asli Daerah (PAD), Dana Alokasi Umum (DAU), Dana Alokasi Khusus (DAK), Dana Bagi Hasil (DBH) dan Sisa Lebih Pembiayaan Anggaran (Silpa) Terhadap Belanja Modal di Provinsi D.I. Yogyakarta Tahun 2013-2020. Jurnal Riset Akuntansi Dan Bisnis Indonesia, 2(2), 620–640. https://doi.org/10.32477/jrabi.v2i2.489
Palilu, A. (2019). Analisis Pengaruh Pembangunan Infrastruktur Transportasi Terhadap Produk Domestik Regional Bruto Kota Ambon. Buletin Studi Ekonomi. https://doi.org/10.24843/bse.2018.v23.i02.p06
Puspita, P. A. (2018). Analisis PAD dan Dana Perimbangan Terhadap Kinerja Keuangan Pemda Se-Jawa Barat. Jae (Jurnal Akuntansi Dan Ekonomi), 3(1), 80–96.
Putra, M. D. K., & Sulasmiyati, S. (2018). Pengaruh Penanaman Modal Asing Utang Luar Negeri Terhadap Pertumbuhan Ekonomi Indonesia (Studi pada Bank Indonesia Periode Kuartal IV 2008 – 2017). Jurnal Administrasi Bisnis (JAB), 58(2).
Rosiana, E. I., Jalunggono, G., & Ratnasari, E. D. (2023). Analysis Of The Economic Potential Of Karanganyar District In 2017-2022. JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES, 2(2), 547–557. https://doi.org/10.55047/marginal.v2i2.615
Sekaran, U. (2016). Research methods for business: A skill building approach. John Wiley & Sons.
Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif dan R&D. PT Alfabet.
Sukirno, S. (2017). Makroekonomi: Teori Pengantar. RajaGrafindo Persada.
Syukri, M., & Hinaya, H. (2019). Pengaruh Pertumbuhan Ekonomi, Pendapatan Asli Daerah, Dana Alokasi Umum Dan Dana Alokasi Khusus Terhadap Anggaran Belanja Modal Kabupaten & Kota Provinsi Sulawesi Selatan. Jemma: Journal of Economic, Management and Accounting, 2(2). https://doi.org/10.35914/jemma.v2i2.245
Waweru, D. (2021). Government Capital Expenditure and Economic Growth: An Empirical Investigation. Asian Journal of Economics, Business and Accounting. https://doi.org/10.9734/ajeba/2021/v21i830409
