Analysis of the Influence of Capital Expenditure on the Economic Growth of Baubau City

DOI: https://doi.org/10.26618/mmtf6m39

Authors

  • Dwi Agustyawati Management, Faculty of Economics and Business, Universitas Muhammadiyah Buton
  • Nur Zarliani Uli Management, Faculty of Economics and Business, Universitas Muhammadiyah Buton
  • Faisal Setiawan Farisman Management, Faculty of Economics and Business, Universitas Muhammadiyah Buton
  • Selvi Anggraini Management, Faculty of Economics and Business, Universitas Muhammadiyah Buton

Capital Expenditures, Economic Growth

Abstract

This study aims to analyze the influence of capital expenditure on economic growth in Baubau City. Capital expenditure is a crucial component of regional government spending, particularly in supporting infrastructure development and the provision of public assets that generate long-term economic benefits. This research employs a quantitative approach using secondary data obtained from the Regional Financial and Asset Management Agency (BPKAD) of Baubau City and the Central Bureau of Statistics (BPS) for the period 2018–2022. The data include realized capital expenditure and Gross Regional Domestic Product (GRDP) as a proxy for economic growth. Simple linear regression analysis is applied to examine the relationship between capital expenditure and economic growth, supported by classical assumption tests to ensure the reliability of the regression model. The empirical results indicate that capital expenditure has a statistically significant effect on economic growth in Baubau City, with a significance value of 0.000, which is lower than the 0.05 threshold. This finding confirms that increased capital expenditure contributes positively to regional economic performance by stimulating economic activity through a multiplier effect. Investments in fixed assets and infrastructure enhance production capacity, support key economic sectors, and encourage regional development. Overall, the study highlights the strategic role of capital expenditure in promoting sustainable economic growth at the regional level. The findings provide valuable insights for local governments in optimizing budget allocation policies to support economic development and improve regional welfare

References

Ahmad, F. (2016). Pengaruh Belanja Modal Terhadap Pertumbuhan Ekonomi Provinsi-Provinsi Di Sumatera. Jurnal Perspektif Ekonomi Dan Pembangunan Daerah. Vol. 5, No.1. Hal 19-21

Badan Pusat Statistik Provinsi Sultra (2022). Tentang Data Produk Domestik Regional Bruto (PDRB). https://kendarikota.bps.go.id/subject/52/produk-domestik-regional-bruto.html (diakses pada 5 januari 2023).

Erlina, R. (2013). Akuntansi Keuangan Daerah Berbasis Akrual. Andi Offset Yogyakarta.

Indra Wiguna., Van., (2013). Analisis Pengaruh PDRB (Produk Domestik Regional Bruto), Pendidikan dan penggangguran Terhadap Kemiskinan Di Provinsi jawa tengah tahun 2005-2010. Universitas Brawijaya. Malang.

Kusumawati., Wiksuana, I. G. B. (2018). Pengaruh Pendapatan Daerah Terhadap Pertumbuhan Ekonomi Di Wilayah Sarbagita Provinsi Bali. E-Jurnal Manajemen Universitas Udayana, 7(5). Hal. 292-262.

Muh Resa., Haliah., Aini. (2021). Pengaruh Belanja Modal Terhadap Pertumbuhan Ekonomi Daerah Dengan Pendapatan Asli Daerah Sebagai Variabel Intervening. Jurnal Bisnis Dan Akuntansi Kontemporer Vol. 14, No.2 Hal 19-21

Mutmainah. 2020. Pengaruh Belanja Modal Dan Pendapatan Asli Daerah (PAD) Terhadap Pertumbuhan Ekonomi Di Provinsi Sulawesi Selatan. Universitas Muhammadiyah Makassar. Makassar.

Nanga, M. (2014). Makro Ekonomi. PT Raja Grafindo persada. Jakarta.

Peraturan Mentri Dalam Negeri Republik Indonesia Nomor 64. Tahun 2020 Tentang Pedoman Penyusunan Anggaran Pendapatan Dan Belanja Daerah. Jakarta.

Peraturan Mentri Keuangan Republik Indonesia Nomor 231. Tahun 2020 Tentang Tata Cara Penyampaian Informasi Keuangan Daerah, Laporan Data Bulanan, Dan Laporan Pemerintah Daerah Lainnya. Jakarta.

Peraturan Pemerintah Nomor 71 Tahun 2021. Tentang Aturan Pemerintah Belanja Negara (APBN). Jakarta.

Romi Daniel Tuwo, Debby Christina Rotinsulu dan George M.V Kawung. 2021. Pengaruh pendapatan asli daerah dan belanja modal terhadap pertumbuhan ekonomi di Kabupaten Minahasa. Jurnal Berkala Ilmiah Efisiensi Vol. 21 No. 04, Jurusan Ekonomi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Sam Ratulangi, Manado

Said., Amirullah. (2017). Pengaruh Belanja Modal Terhadap Pertumbuhan Ekonomi Di Wilayah Kabupaten-Kabupaten Di Provinsi Aceh. Jurnal Samudera Ekonomika, Vol. 3, No.2 Hal 19-21

Siregar, B. (2015). Akuntansi Sektor Publik (Kedua). UPP STIM YKPN. Yogyakarta

Sugiyono, (2013). Metode Penelitian Pendidikan Kuantitafif, Kualitatif Dan R&D. Alfabeta. Yogyakarta.

Sujarweni., Wiratna., V. (2015). Metodelogi Penelitian Bisnis & Ekonomi. Pustaka Baru Press, Yogyakarta.

Sukino, H. (2013). Perkembangan Ekonomi Dalam Bentuk Kemakmuran Masyarkat Cahaya Kusuma. Banten.

Waryanto., Puput. 2017. Pengaruh Belanja Modal Terhadap Pertumbuhan Ekonomi Di Indonesia. Jurnal Perbendaharaan, Keuangan Dan Kebijakan Publik. 2(1). Hal.35-55

Downloads

Published

2025-12-31

Issue

Vol. 21 No. 2 (2025): December 2025

Section

Articles

License

Copyright (c) 2025 Jurnal Ekonomi Balance

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.