Agricultural macroeconomics on the Regional Gross Domestic Product (RGDP) growth of Bali Province
Keywords:
Macroeconomic Policy, Regional Gross Domestic Product, Agricultural Sector, Bali ProvinceAbstract
This study aims to examine the impact of macroeconomic policies on the growth of the agricultural sector’s Regional Gross Domestic Product (RGDP) in Bali Province. The research adopts a quantitative approach using multiple linear regression analysis based on time-series data. The variables analyzed include income, household consumption, agricultural sector investment, government expenditure, net exports, and agricultural labor. Data were processed using EViews software, incorporating classical assumption tests, t-tests, F-tests, and coefficient of determination analysis. The findings indicate that, simultaneously, all variables significantly influence the growth of the agricultural sector’s RGDP. Partially, agricultural investment, government expenditure, and agricultural labor demonstrate significant effects, whereas household consumption and net exports are found to be statistically insignificant. Structural constraints, particularly limited land availability and production capacity, limit the effectiveness of macroeconomic policies in fully stimulating agricultural output growth. The study concludes that the effectiveness of macroeconomic policies in promoting agricultural sector growth remains constrained by structural challenges within the sector. Therefore, policy directions should prioritize productivity enhancement, agricultural land protection, and labor capacity strengthening to achieve more sustainable agricultural growth.
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