Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and Investment
This study aims to analyze the effect of the construction cost index and unemployment rate on regional economic growth, with the investment rate as an intervening variable. This study uses data from the National Capital City (IKN) for the 2019-2023 period using panel data from 10 cities in the IKN r...
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| Format: | Article |
| Language: | English |
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Fakultas Ekonomi dan Bisnis
2025-03-01
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| Series: | Dialektika: Jurnal Ekonomi dan Ilmu Sosial |
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| Online Access: | https://ejournal.uniramalang.ac.id/dialektika/article/view/6475 |
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| author | Meby Amalia Veri Indirman Riyan Harbi Valdiansyah |
| author_facet | Meby Amalia Veri Indirman Riyan Harbi Valdiansyah |
| author_sort | Meby Amalia |
| collection | DOAJ |
| description | This study aims to analyze the effect of the construction cost index and unemployment rate on regional economic growth, with the investment rate as an intervening variable. This study uses data from the National Capital City (IKN) for the 2019-2023 period using panel data from 10 cities in the IKN region for five years. This study used path analysis (mediation) with the Sobel test. The results show a significant relationship between the construction cost index and unemployment rate and economic growth. Construction infrastructure investment has a long-term positive impact through improved infrastructure quality and job creation. On the other hand, a high unemployment rate can hamper economic growth because of decreased purchasing power and limited market demand. This research emphasizes the importance of careful and sustainable infrastructure development planning as well as efforts to create quality jobs to support inclusive economic growth. The results provide important insights for policymakers and developers in planning infrastructure development in IKN. |
| format | Article |
| id | doaj-art-4943ebf07ee24a91a0595f7fe94211c6 |
| institution | Kabale University |
| issn | 2502-4094 2598-781X |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Fakultas Ekonomi dan Bisnis |
| record_format | Article |
| series | Dialektika: Jurnal Ekonomi dan Ilmu Sosial |
| spelling | doaj-art-4943ebf07ee24a91a0595f7fe94211c62025-08-21T00:02:52ZengFakultas Ekonomi dan BisnisDialektika: Jurnal Ekonomi dan Ilmu Sosial2502-40942598-781X2025-03-011012435https://doi.org/10.36636/dialektika.v10i1.6475Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and InvestmentMeby Amalia0Veri Indirman1Riyan Harbi Valdiansyah2Universitas Budi LuhurUniversitas Budi LuhurUniversitas Budi LuhurThis study aims to analyze the effect of the construction cost index and unemployment rate on regional economic growth, with the investment rate as an intervening variable. This study uses data from the National Capital City (IKN) for the 2019-2023 period using panel data from 10 cities in the IKN region for five years. This study used path analysis (mediation) with the Sobel test. The results show a significant relationship between the construction cost index and unemployment rate and economic growth. Construction infrastructure investment has a long-term positive impact through improved infrastructure quality and job creation. On the other hand, a high unemployment rate can hamper economic growth because of decreased purchasing power and limited market demand. This research emphasizes the importance of careful and sustainable infrastructure development planning as well as efforts to create quality jobs to support inclusive economic growth. The results provide important insights for policymakers and developers in planning infrastructure development in IKN.https://ejournal.uniramalang.ac.id/dialektika/article/view/6475construction cost indexunemployment rateeconomic growthinvestmentnational capital city |
| spellingShingle | Meby Amalia Veri Indirman Riyan Harbi Valdiansyah Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and Investment Dialektika: Jurnal Ekonomi dan Ilmu Sosial construction cost index unemployment rate economic growth investment national capital city |
| title | Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and Investment |
| title_full | Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and Investment |
| title_fullStr | Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and Investment |
| title_full_unstemmed | Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and Investment |
| title_short | Dynamics of Economic Growth in the National Capital (IKN): The Role of Construction Cost Index, Unemployment Rate, and Investment |
| title_sort | dynamics of economic growth in the national capital ikn the role of construction cost index unemployment rate and investment |
| topic | construction cost index unemployment rate economic growth investment national capital city |
| url | https://ejournal.uniramalang.ac.id/dialektika/article/view/6475 |
| work_keys_str_mv | AT mebyamalia dynamicsofeconomicgrowthinthenationalcapitalikntheroleofconstructioncostindexunemploymentrateandinvestment AT veriindirman dynamicsofeconomicgrowthinthenationalcapitalikntheroleofconstructioncostindexunemploymentrateandinvestment AT riyanharbivaldiansyah dynamicsofeconomicgrowthinthenationalcapitalikntheroleofconstructioncostindexunemploymentrateandinvestment |