Analysis using vector autoregression finds key factors impacting economic growth in North Sumatra, indicating significant interrelationships.
Key Points
Economic growth in North Sumatra is significantly influenced by employment development strategies, particularly the Human Development Index.
The analysis identifies how variables like GRDP and population interact over various time periods, with insights from a dataset spanning eighteen years.
Using vector autoregression, the study reveals that past values of variables impact current economic indicators, ensuring long-term stability.
Forecast Error Variance Decomposition highlights key variables that shape the employment system and overall economic development.