Effect of investment, GRDP percapita, and original local government revenue on regional financial independence through capital expenditure as intervening variables

https://doi.org/10.21744/irjmis.v7n6.1016

Authors

  • Diana Yusiawati Economics and Business Faculty, Udayana University, Denpasar, Indonesia
  • A.A.I.N. Marhaeni Economics and Business Faculty, Udayana University, Denpasar, Indonesia

Keywords:

capital expenditure, financial independence, government revenue, investment, original local

Abstract

This study aims to see the significance of investment, GDRP per capita, Original Local Government Revenue on regional finance independence. This population in this study were districts/cities in Bali Province from 2014 to 2018. This study used a sample with the census method. The data analysis technique used is path analysis. These results showed that investment has a positive and insignificant effect on capital expenditure and has a positive and significant effect on regional finance independence, GRDP per capita has a significant negative effect on capital expenditure and has a significant positive effect on regional financial independence, Original Local Government Revenue (PAD) has a significant positive effect on regional financial independence while the positive and insignificant effect of capital expenditure on regional financial independence.

Downloads

Download data is not yet available.

References

Adi, P. H. (2006). Hubungan antara pertumbuhan ekonomi daerah, belanja pembangunan dan pendapatan asli daerah. Simposium Nasional Akuntansi IX, 23-26.

Amin, A., & Thrift, N. (2000). What kind of economic theory for what kind of economic geography?. Antipode, 32(1), 4-9.

Badruddin, R. (2012). Ekonomika Otonomi Daerah Edisi 1. UPP STIM YPKN: Yogyakarta.

Batik, K. (2013). Analisis Pengaruh Investasi, PDRB, Jumlah Penduduk, Penerimaan Pembangunan, dan Inflasi terhadap Pendapatan Asli Daerah (PAD) di Kabupaten Lombok Barat. Jurnal Ekonomi Pembangunan, 11(1), 125-147.

Chung, K. H., Wright, P., & Charoenwong, C. (1998). Investment opportunities and market reaction to capital expenditure decisions. Journal of Banking & Finance, 22(1), 41-60. https://doi.org/10.1016/S0378-4266(97)00021-6

Gordon, L. A., & Smith, K. J. (1992). Postauditing capital expenditures and firm performance: the role of asymmetric information. Accounting, Organizations and Society, 17(8), 741-757. https://doi.org/10.1016/0361-3682(92)90002-A

Halim, A. (2004). Manajemen keuangan daerah. Yogyakarta: UPP AMP YKPN.

Hamdi, H., & Sbia, R. (2013). Dynamic relationships between oil revenues, government spending and economic growth in an oil-dependent economy. Economic Modelling, 35, 118-125. https://doi.org/10.1016/j.econmod.2013.06.043

Kawedar, W., Rohman, A., & Handayani, S. (2008). Akuntansi Sektor Publik: Pendekatan Penganggaran Daerah dan Akuntansi Keuangan Daerah. Semarang: Badan Penerbit UNDIP.

Kurniawan, A. I., Militina, T., & Suharto, R. B. (2017). Pengaruh Investasi Swasta dan Pengeluaran Pemerintah serta Tenaga Kerja Terhadap Pendapatan Asli Daerah dan Pertumbuhan Ekonomi. Jurnal Inovasi, 3(2), 68-77.

Liu, Z. (2002). Foreign direct investment and technology spillover: Evidence from China. Journal of comparative Economics, 30(3), 579-602. https://doi.org/10.1006/jcec.2002.1789

Mardiasmo. (2014). Akuntabilitas Dan Transparansi. Yogyakarta

Mawarni, D., & Abdullah, S. (2013). Pengaruh Pendapatan Asli Daerah dan Dana Alokasi Umum terhadap Belanja Modal serta Dampaknya terhadap Pertumbuhan Ekonomi Daerah (Studi pada Kabupaten dan Kota di Aceh). Jurnal Akuntansi ISSN, 2302, 0164.

Narayan, P. K. (2005). The government revenue and government expenditure nexus: empirical evidence from nine Asian countries. Journal of Asian Economics, 15(6), 1203-1216. https://doi.org/10.1016/j.asieco.2004.11.007

Rante, M. S. M., & Praminto, A. (2017). Analisis Kemandirian Keuangan Daerah.

Romadhoni, P., Faizah, D. Z., & Afifah, N. (2018). Pengaruh Produk Domestik Regional Bruto (PDRB) Daerah Terhadap Pertumbuhan Ekonomi dan Tingkat Pengangguran Terbuka di Provinsi DKI Jakarta. Jurnal Matematika Integratif, 14(2), 113-120.

Soebagyo. (2007). Analisis pengaruh kebijakan moneter dan kebijakan fiskal regional terhadap stabilitas harga dan pertumbuhan ekonomi regional di Jawa Timur. Buletin Ekonomi Moneter dan Perbankan, 4(9), 55-99.

Sunariani, N. N., Maheswari, A. I. A., & Pemayun, A. G. P. (2019). Grand investment of tourism sector effort to make many villas and hotels for expanding work opportunities on budgeting. International research journal of management, IT and social sciences, 6(6), 43-49.

Tambunan, T. (2006). Upaya-upaya meningkatkan daya saing daerah. In Makalah Seminar. Pasca sarjana Universitas Sriwijaya.

Todaro, M. P. & Smith, S. C. (2006). Pembangunan Ekonomi, Erlangga, Jakarta.

Undang-Undang Nomor 32 tahun 2004 Tentang Perimbangan Keuangan Pusat Kepada Daerah

Yasa, I. N. M., & Hariyadi, E. (2014). Pengaruh PAD terhadap PDRB dan Belanja Modal Kabupaten/Kota di Provinsi Bali. E-Jurnal Ekonomi Pembangunan Universitas Udayana, 3(12), 44497.

Published

2020-10-22

How to Cite

Yusiawati, D. ., & Marhaeni, A. . (2020). Effect of investment, GRDP percapita, and original local government revenue on regional financial independence through capital expenditure as intervening variables. International Research Journal of Management, IT and Social Sciences, 7(6), 96–108. https://doi.org/10.21744/irjmis.v7n6.1016

Issue

Section

Peer Review Articles