Riwayat: Educational Journal of History and Humanities
Factors Affecting Employment In Jakarta Indonesia After Transition From Education To The World Of Work
Abstract
This study aims to analyze the effect of the number of labor force, gross regional domestic product, capital expenditure, and foreign investment on employment in DKI Jakarta Province. The method used in this study is the Error Correction Model (ECM). The data used in this study is time series data for the period 1990-2021. The results showed that in the long and short term the number of labor force, gross regional domestic product, and capital expenditure had a positive and significant effect on employment in DKI Jakarta Province. Meanwhile, foreign investment (FDI) has no influence on the absorption of labor in DKI Jakarta Province. The DKI Jakarta government must be selective and re-evaluate the existence of foreign investors because the results of this study show that foreign investment does not contribute to employment. This will hinder the alleviation of the problem of poverty, due to the insurmountable problem of unemployment in DKI Jakarta. The DKI Jakarta government must pay serious attention to the current dynamics of industrial supply and demand, so handling transitions from school to work requires innovation and collaboration that creates selected programs that are able to adapt quickly to changes in the world of work.
Keywords
Full Text:
PDFReferences
Al Abri, I., Al Hinai, O., Al Raisi, S., Al Harrasi, A., Al Jabri, Z., & Al Maskari, M. (2023). Economic growth and the demand for foreign labor in the oil-exporting and labor-importing states of the Arab Gulf: Case of Oman. Cogent Business & Management, 10(3), 2256083.
Aljebrin, M. A. (2012). Labor demand and economic growth in Saudi Arabia. American Journal of Business and Management, 1(4), 271-277.
Arilia, Gilang (2021) Pengaruh PMDN, PMA, dan Ekspor terhadap Penyerapan tenaga Kerja di Provinsi Jawa Barat Tahun 2010-2019. Sarjana thesis, Universitas Siliwangi.
Baran, P. (1962). On distributed communications networks. Access date: 05.10.2020. https://ieeexplore.ieee.org/document/1088883/
Basuki, A. T., & Prawoto, N. (2017). Analitis Regresi Dalam Penelitian Ekonomi Dan Dilengkapi Aplikasi SPSS Dan Eviews. Jakarta: Rajawali Perss.
Curtis, E. M., Garrett, D. G., Ohrn, E. C., Roberts, K. A., & Serrato, J. C. S. (2021). Capital investment and labor demand (No. w29485). National Bureau of Economic Research.
Dutt, A. K. (2013). Government spending, aggregate demand, and economic growth. Review of Keynesian Economics, 1(1), 105-119.
Fajri, R. (2022). Analisis Pengaruh PDRB Sektor Basis Terhadap Penyerapan Tenaga Kerja di Provinsi Lampung dalam Perspektif Ekonomi Islam Tahun 2015-2020 (Doctoral dissertation, UIN Raden Intan Lampung).
Guennouni, H., & Seffih, S. (2020). The Determinants of Labor Demand in Algeria: an ARDL Approach (1990-2018). Journal of Smart Economic Growth, 5(1), 49-59.
Gujarati, D. N. (2021). Essentials of econometrics. Sage Publications.
Jhingan, M. L. (2011). The economics of development and planning. Delhi: Vrinda Publications.
Kluve, J. (2010). The effectiveness of European active labor market programs. Labour economics, 17(6), 904-918.
Mankiw, N. G. (2010). Intermediate macroeconomics.
Mulyadi S. (2008). Ekonomi Sumber Daya Manusia dalam Perspektif Pembangunan. Jakarta: Rajawali Pers.
Murniati, M., Sulisnaningrum, E., & Priyanto, E. (2023). Impact of Economic Growth on Human Capital, Work Participation, and Emission Reductions: Case Study in Indonesia. Asia Pacific Journal of Management and Education (APJME), 6(1), 108-120.
Nekarda, Christopher J., and Valerie A. Ramey. 2011. "Industry Evidence on the Effects of Government Spending." American Economic Journal: Macroeconomics, 3 (1): 36-59.
Onalan, O., & Basegmez, H. (2018). Estimation of economic growth using Grey Cobb-Douglas production function: An application for US economy. Journal of Business Economics and Finance, 7(2), 178-190.
Ramadhani, R. (2022). Analisis Faktor-Faktor yang Mempengaruhi Penyerapan Tenaga Kerja Pada Sektor Industri di Kabupaten/Kota Provinsi Jawa Timur Tahun 2013-2019 (Doctoral dissertation, Universitas Islam Indonesia).
Sall, M. C. A., & Burlea-Schiopoiu, A. (2021). An Analysis of the Effects of Public Investment on Labor Demand through the Channel of Economic Growth with a Focus on Socio-Professional Categories and Gender. Journal of Risk and Financial Management, 14(12), 580.
Skousen, M. (2020). There’s much ruin in a nation: An analysis of modern monetary theory. Atlantic Economic Journal, 48(1), 11-21.
Strobel, J., Nguyen Thanh, B., & Lee, G. (2020). Effects of macroeconomic uncertainty and labor demand shocks on the housing market. Real Estate Economics, 48(2), 345-372.
Todaro, M. P., & Smith, S. C. (2020). Economic development. Pearson UK.
Wiasih, N. K. P., & Karmini, N. L. (2021). Pengaruh pertumbuhan ekonomi, jumlah angkatan kerja, dan tingkat upah terhadap penyerapan tenaga kerja provinsi Bali. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 10(12), 1097-1106.
Zhao, L., & Fang, H. (2022). Investment incentives and the relative demand for skilled labor: Evidence from accelerated depreciation policies in China. China Economic Review, 73, 101786.
DOI: https://doi.org/10.24815/jr.v7i2.37944
Article Metrics
Abstract view : 0 timesPDF - 0 times
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Riwayat: Educational of History and Humanities indexed by
___________________________________________________________
Riwayat: Educational of History and Humanities
E-ISSN 2775-5037
P-ISSN 2614-3917
Published by History Education Department, Faculty of Teacher Training and Education, Universitas Syiah Kuala, Province Aceh. Indonesia
W :https://jurnal.usk.ac.id/riwayat
E : riwayat@usk.ac.id
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.