DETERMINAN PENENTU PERTUMBUHAN EKONOMI BALI: SEMILOG MODELS

Putu Krisna Adwitya Sanjaya, Ida Ayu Made Sasmita, Gde Indra Surya Diputra, Ni Made Tania Pradnya Parwati, Kadek Ardana Ria Wardhani

Abstract


Since the economic crisis triggered by the monetary crisis in mid-1997 as well as the Corona Virus Disease (COVID) 19 storm, it has devastated the world economy, including Indonesia, without exception Bali. The Bali economy crashed at the lowest point in Indonesia in history, the export rate stagnated as well as investment entering the island of Bali drastically corrected very deeply, this certainly had a very bad impact on the Balinese economy. Using data for the period 1990-2020 which was analyzed using a model approach semi-log, it is known that simultaneously government spending, foreign investment, exports and COVID 19 have a significant effect on economic growth during the analysis period, while the foreign investment factor does not partially affect Bali's economic growth. To be able to re-accelerate Bali's economic growth, it is urgent to boost other potential alternative sectors to be worked on more seriously, massively and structured, such as the agricultural sector, handicraft industry and also micro, small and medium enterprises.


Keywords


Government Expenditure, Foreign Investment, Export and COVID 19

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DOI: https://doi.org/10.33758/mbi.v16i9.1557

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