The Influence of Inflation, Human Development Index, and Poverty on Economic Growth in 2015-2021 in Central Java in an Islamic Perspective

Abstract

Economic growth is one of the most important indicators and is often used in determining the success of a regional or country's development. Other supporting factors in the successful development of a region can be seen from stable inflation, evenly distributed HDI, and a low number of poor people so that an area can be categorized as a prosperous area. The development of the rate of economic growth in Central Java during the 2015-2021 period experienced fluctuating changes. Therefore, this study aims to analyze the effect of inflation, HDI, and poverty on economic growth in Central Java in 2015-2021 from the perspective of Islamic Economics. This type of research uses quantitative with a descriptive method approach. The data analysis method used is panel data regression which comes from Central Java Statistics Agency data for 2015-2021.  Based on the research results, the inflation variable has a negative and insignificant effect on economic growth, the HDI variable has a negative and significant effect on economic growth, the poverty variable has a negative and insignificant effect on economic growth.

Keywords : Economic Growth; Inflation; Human Development Index; Poverty