Published: 2026-02-01
Pengaruh Belanja Modal dan Pegawai Terhadap Pertumbuhan Ekonomi NTB Dimoderasi Realisasi Anggaran
DOI: 10.35870/jemsi.v12i1.5994
Abstract
This study aims to analyze the influence of capital expenditure and employee expenditure on regional economic growth in the Province of West Nusa Tenggara (NTB) and to examine the role of budget realization as a moderating variable. The research employs a quantitative method using panel data from eight districts/municipalities in NTB for the period 2020–2024. Data analysis was conducted using multiple regression and Moderated Regression Analysis (MRA) to test the interaction between the independent variables and the moderating variable.The results indicate that capital expenditure has no significant effect on economic growth, whereas employee expenditure shows a positive and significant effect. Budget realization does not moderate the influence of capital expenditure but is proven to strengthen the effect of employee expenditure on regional economic growth. These findings suggest that the effectiveness of capital expenditure utilization still needs improvement, while more productive management of employee expenditure can contribute significantly to regional economic activity. In addition, optimal budget realization serves as an important factor in supporting sustainable economic growth. This study recommends incorporating additional macroeconomic variables in future research to obtain a more comprehensive understanding of the determinants of economic growth in NTB.
Keywords
Capital Expenditure; Employee Expenditure; Economic Growth; Budget Realization; MRA; NTB
Article Information
This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 12 No. 1 (2026)
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Section: Articles
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Published: 2026-02-01
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License: CC BY 4.0
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Copyright: © 2026 Authors
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DOI: 10.35870/jemsi.v12i1.5994
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Fitri Fitri, Universitas Islam Negeri Palopo
Akuntansi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Palopo, Indonesia.
Ikrawati Ikrawati, Universitas Islam Negeri Palopo
Akuntansi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Palopo, Indonesia.
Wahyu Hasdi, Universitas Islam Negeri Palopo
Akuntansi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Palopo, Indonesia.
Muhammad Ikram S, Universitas Islam Negeri Palopo
Akuntansi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Palopo, Indonesia.
Nurfadilah Nurfadilah, Universitas Islam Negeri Palopo
Akuntansi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Palopo, Indonesia.
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