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MACROECONOMIC DYNAMICS AND COMMUNITY WELFARE: AN EMPIRICAL STUDY OF PURCHASING POWER IN MEDAN CITY

Jurnal Al-Ijtimaiyyah · Vol. 12 No. 1 (2026) · hlm. 20–31

DOI
10.22373/al-ijtimaiyyah.v12i1.33942
ISSN
2461-0755, 2654-5217
Terbit
2026-06-30
Penerbit
Universitas Islam Negeri Ar-Raniry Banda Aceh
Bahasa
eng
Lisensi
creativecommons.org/licenses/by-sa/4.0

Abstrak

This study analyzes the influence of key macroeconomic factors on community purchasing power as an important indicator of social and economic welfare in urban areas. Specifically, it examines the effects of Gross Regional Domestic Product (GRDP), inflation, and the Regional Minimum Wage on purchasing power in Medan City, Indonesia. Purchasing power reflects the community’s ability to meet basic and non-basic needs and plays a strategic role in sustaining social stability and improving living standards within urban society. The study employs a quantitative approach using multiple linear regression analysis based on secondary monthly data from 2019 to 2023 obtained from the Central Statistics Agency. The results show that inflation has a negative and significant effect on purchasing power, while GRDP and the Regional Minimum Wage have positive and significant effects. Simultaneously, the three variables significantly influence purchasing power, with an R-squared value of 0.691, indicating that 69.1% of the variation in purchasing power is explained by the model. These findings highlight the importance of inclusive economic growth, sustainable wage policies, and effective inflation control in strengthening community welfare. This study contributes to social and economic development discourse by providing empirical evidence to support public policies aimed at improving the purchasing power and well-being of urban communities.

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  • Universitas Islam Negeri Sumatera Utara
  • North Sumatra Islamic University
  • Tanjungpura University
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Rekan penulisOrganisasiArtikel bersama
Siti Nurhasanah Br GintingUniversitas Islam Negeri Sumatera Utara1
Khairina TambunanUniversitas Islam Negeri Sumatera Utara1
A RismaDaniUniversitas Islam Negeri Sumatera Utara1
Atika AtikaUniversitas Islam Negeri Sumatera Utara1
Maidalena MaidalenaUniversitas Islam Negeri Sumatera Utara1
Widya SyaputriUniversitas Islam Negeri Sumatera Utara1
Juliana NasutionUniversitas Islam Negeri Sumatera Utara1
Anggita DamayantiUniversitas Islam Negeri Sumatera Utara1
Nadya Ananda EfendiUniversitas Islam Negeri Sumatera Utara1
Muhammad SyahbudiUniversitas Islam Negeri Sumatera Utara1
Atika AtikaUniversitas Islam Negeri Sumatera Utara1
Rizky Bona Manobing HutasoitUniversitas Islam Negeri Sumatera Utara1
T. Razita SyahindaUniversitas Islam Negeri Sumatera Utara1
Aqwa Naser DaulayUniversitas Islam Negeri Sumatera Utara1
B. Miftahulzannah SiregarAfiliasi tidak diketahui1
Faisal Umardani HasibuanUniversitas Islam Negeri Sumatera Utara1
Nurbaiti NurbaitiTanjungpura University1
Anggia NurulitaUniversitas Islam Negeri Sumatera Utara1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) https://jurnal.ar-raniry.ac.id/index.php/PMI/oai, pertama di-harvest 6 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">MACROECONOMIC DYNAMICS AND COMMUNITY WELFARE: AN EMPIRICAL STUDY OF PURCHASING POWER IN MEDAN CITY</dc:title>
	<dc:creator xml:lang="en">Basri, Hunny Lutpiah</dc:creator>
	<dc:creator xml:lang="en">Sugianto, Sugianto</dc:creator>
	<dc:creator xml:lang="en">Harahap, Muhammad Ikhsan</dc:creator>
	<dc:subject xml:lang="en">Community Welfare</dc:subject>
	<dc:subject xml:lang="en">Purchasing Power</dc:subject>
	<dc:subject xml:lang="en">Regional Economy</dc:subject>
	<dc:subject xml:lang="en">Inflation</dc:subject>
	<dc:subject xml:lang="en">Minimum Wage</dc:subject>
	<dc:description xml:lang="en">This study analyzes the influence of key macroeconomic factors on community purchasing power as an important indicator of social and economic welfare in urban areas. Specifically, it examines the effects of Gross Regional Domestic Product (GRDP), inflation, and the Regional Minimum Wage on purchasing power in Medan City, Indonesia. Purchasing power reflects the community’s ability to meet basic and non-basic needs and plays a strategic role in sustaining social stability and improving living standards within urban society. The study employs a quantitative approach using multiple linear regression analysis based on secondary monthly data from 2019 to 2023 obtained from the Central Statistics Agency. The results show that inflation has a negative and significant effect on purchasing power, while GRDP and the Regional Minimum Wage have positive and significant effects. Simultaneously, the three variables significantly influence purchasing power, with an R-squared value of 0.691, indicating that 69.1% of the variation in purchasing power is explained by the model. These findings highlight the importance of inclusive economic growth, sustainable wage policies, and effective inflation control in strengthening community welfare. This study contributes to social and economic development discourse by providing empirical evidence to support public policies aimed at improving the purchasing power and well-being of urban communities.</dc:description>
	<dc:publisher xml:lang="en">Universitas Islam Negeri Ar-Raniry Banda Aceh</dc:publisher>
	<dc:date>2026-06-30</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">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://jurnal.ar-raniry.ac.id/index.php/PMI/article/view/33942</dc:identifier>
	<dc:identifier>10.22373/al-ijtimaiyyah.v12i1.33942</dc:identifier>
	<dc:source xml:lang="en">Jurnal Al-Ijtimaiyyah; Vol. 12 No. 1 (2026); 20-31</dc:source>
	<dc:source>2461-0755</dc:source>
	<dc:source>2654-5217</dc:source>
	<dc:source>10.22373/al-ijtimaiyyah.v12i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jurnal.ar-raniry.ac.id/index.php/PMI/article/view/33942/12517</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2026 Hunny Lutpiah Basri, Sugianto Sugianto, Muhammad Ikhsan Harahap</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>