Vol - 20, Issue - 09
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Journal of the Austrian Society of Agricultural Economics (JASAE)
Journal ID : JASAE-18-10-2024-324
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Abstract : High economic growth is essential for inclusive economic development. Economic growth in Indonesia until 2012 has not been inclusive in reducing poverty, reducing inequality, and broadening employment opportunities. Linkages between economic sectors that are increasingly inclusive and a literate society will accelerate the process of inclusive economic development, especially regarding democracy, which clearly has an important role in inclusive economic development besides economic factors. This study uses a panel autoregressive distributed lag (ARDL) model to simulate the relationship between democracy, investment, human capital, trade through, inflation as a picture of the domestic economy, and labor to inclusive economic development. This study uses the KAO cointegration test to analyse the coverage of a data set covering the period from 2011 to 2022 across different provinces within Indonesia. The purpose of this study is to conduct research on a specific topic to obtain results. This study reveals that there is a significant relationship between all independent variables and the dependent variable both in the short and long run, so that it has an impact on sustainability in economic development.

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