Proceedings of the 2nd International Interdisciplinary Conference on Environmental Sciences and Sustainable Developments (IICESSD) 2022 Education and Green Economy (IICESSD EGE 2022)

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The Impact Of Growth Of Consumption Expenditure On Indonesia’s Economy In The Time Of Covid-19

Authors
Patta Tope1, *
1Faculty of Economics and Business, Tadulako University, Palu, Indonesia
*Corresponding author. Email: patta.tope@gmail.com
Corresponding Author
Patta Tope
Available Online 31 December 2023.
DOI
10.2991/978-2-38476-172-2_51How to use a DOI?
Keywords
— economic growth; consumption expenditure; COVID-19
Abstract

As a result of COVID-19, Indonesia entered an economic recession. This is in line with the performance of economic growth which has contracted twice in a row. In the third quarter of 2020, Indonesia’s economy grew -3.49 percent, continuing the economic rate in the second quarter of 2020 which was recorded at minus 5.32 percent. This study aims to determine the effect of household consumption expenditure and consumption expenditure of non-profit institutions serving households in each province on Indonesia’s economic growth during the COVID-19 era. The method used is multiple regression using panel data in 34 provinces in Indonesia during the quarter-I, quarter-II and quarter-III of 2020. The results of this study indicate that household consumption expenditure and consumption expenditure of Non-profit Institutions serving households have a very strong positive effect on economic growth in 34 provinces in Indonesia, so that the two This variable must continue to be increased to overcome the economic crisis in the COVID-19 era.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Interdisciplinary Conference on Environmental Sciences and Sustainable Developments (IICESSD) 2022 Education and Green Economy (IICESSD EGE 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
31 December 2023
ISBN
978-2-38476-172-2
ISSN
2352-5398
DOI
10.2991/978-2-38476-172-2_51How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Patta Tope
PY  - 2023
DA  - 2023/12/31
TI  - The Impact Of Growth Of Consumption Expenditure On Indonesia’s Economy In The Time Of Covid-19
BT  - Proceedings of the 2nd International Interdisciplinary Conference on Environmental Sciences and Sustainable Developments (IICESSD)  2022 Education and Green Economy (IICESSD EGE 2022)
PB  - Atlantis Press
SP  - 317
EP  - 321
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-172-2_51
DO  - 10.2991/978-2-38476-172-2_51
ID  - Tope2023
ER  -