Fafurida, Siti Aisyah Tri Rahayu, Mulyanto
The development of tourism can give high multiplier effects to the economy so much that it can increase the productivity of a state or region. Tourism development gives various opportunities from the entry of investment as the stimulant for economic development, job openings, and the increase in governmental foreign exchange earnings. The high level of investment is obviously associated with employment, the higher the investment is, the higher the demand of the number of employment will be. This research aims at analyzing the influence of the number of tourist visits, investment, and labors on the Central Java Province’s GRDP in 2014-2019. This research is a quantitative research that uses secondary data in the form of panel data. The analysis method used is regression with panel data. The research has several findings including the number of tourist visit that has given the significant influence on the GRDP of regencies/cities in Central Java, in accordance with some other previous researches. Investment does not give a significant influence on the GRDP of regencies/cities in Central Java, which is not in accordance with Harrod and Domar’s theory on neo-classical growth, but this research is not in accordance with some previous researches conducted in some other areas. While the variables of labors have given the significant influence on Central Java Province’s GRDP, in accordance with Solow-Swan’s theory on the economic growth explaining that the labors’ increase in numbers may increase the growth on the economy. © 2022, SRAC - Romanian Society for Quality. All rights reserved.
Faculty of Economics, Universitas Negeri Semarang, Indonesia; Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia
