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The Relationship Between Institutions and Business Opportunities Toward Economic Growth

Economics Development Analysis Journal · Vol. 8 No. 4 (2020) · hlm. 281–291

DOI
10.15294/edaj.v8i4.36311
ISSN
2252-6560
Terbit
2020-01-05
Penerbit
Economics Development Department, Universitas Negeri Semarang, Indonesia
Bahasa
eng

Abstrak

This study aimed at explaining the relationship, and effects of human capital, entrepreneurial business opportunities, institutional economics, and regional economic growth. It was carried out to develop fundamental microeconomic model in rural development to assist human capital roles and institutions as well as entrepreneurial business for the economic growth. Further, the researchers used simultaneous system method in form of a recursive correlational path analysis model. This modeling system provides simplicity and easy understanding. The main source of the data were the empirical micro fundamental data of the business doers in rural areas measured by Gini index ratio. The findings showed that human capital and institutions were the main pillars in improving the quality of regional economic growth. Interestingly, there was a strong relationship between business opportunities and economic growth. However, the business opportunities had significantly negative effect toward the regional economic growth. These indicate the existence of a disturbance outside the model, namely the presence of bank credit which apparently made the business doers suffered losses. In this way, there is a need to examine further the reasons why the bank credits given to MSMEs negatively effect the economic growth.

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  • State University of Semarang
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Rusdarti RusdartiAfiliasi tidak diketahui6
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Shanty OktaviliaAfiliasi tidak diketahui1
Dwi Tri Mega RahayuAfiliasi tidak diketahui1
Sucihatiningsih Dian Wisika PrajantiState University of Semarang1
Dini Mellinda KrisnawatiAfiliasi tidak diketahui1
Ahmad Syahrul FauziAfiliasi tidak diketahui1
Luthfi Ibnu TsaniAfiliasi tidak diketahui1
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Sumber metadata: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/sju/index.php/edaj/oai, pertama di-harvest 5 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en-US">The Relationship Between Institutions and Business Opportunities Toward Economic Growth</dc:title>
	<dc:creator>Prasetyo, P Eko</dc:creator>
	<dc:creator>Setyadharma, Andryan</dc:creator>
	<dc:creator>Kistanti, Nurjannah Rahayu</dc:creator>
	<dc:description xml:lang="en-US">This study aimed at explaining the relationship, and effects of human capital, entrepreneurial business opportunities, institutional economics, and regional economic growth. It was carried out to develop fundamental microeconomic model in rural development to assist human capital roles and institutions as well as entrepreneurial business for the economic growth. Further, the researchers used simultaneous system method in form of a recursive correlational path analysis model. This modeling system provides simplicity and easy understanding. The main source of the data were the empirical micro fundamental data of the business doers in rural areas measured by Gini index ratio. The findings showed that human capital and institutions were the main pillars in improving the quality of regional economic growth. Interestingly, there was a strong relationship between business opportunities and economic growth. However, the business opportunities had significantly negative effect toward the regional economic growth. These indicate the existence of a disturbance outside the model, namely the presence of bank credit which apparently made the business doers suffered losses. In this way, there is a need to examine further the reasons why the bank credits given to MSMEs negatively effect the economic growth.
&amp;nbsp;</dc:description>
	<dc:publisher xml:lang="en-US">Economics Development Department, Universitas Negeri Semarang, Indonesia</dc:publisher>
	<dc:date>2020-01-05</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/sju/edaj/article/view/36311</dc:identifier>
	<dc:identifier>10.15294/edaj.v8i4.36311</dc:identifier>
	<dc:source xml:lang="en-US">Economics Development Analysis Journal; Vol 8 No 4 (2019): Economics Development Analysis Journal; 281-291</dc:source>
	<dc:source>2252-6560</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/sju/edaj/article/view/36311/15075</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2020 Economics Development Analysis Journal</dc:rights>
</oai_dc:dc>