Analysis of Capital Expenditure on Infrastructure Development of Economic Growth in Balikpapan City

Yusri; Taqwa; Etty Soesilowati

doi:10.63922/ijebir.v4i04.1862

Yusri Faculty of Economics and Business, Universitas Negeri Malang, Indonesia
Taqwa Faculty of Economics and Business, Universitas Negeri Malang, Indonesia
Etty Soesilowati Faculty of Economics and Business, Universitas Negeri Malang, Indonesia

DOI: https://doi.org/10.63922/ijebir.v4i04.1862

Keywords: Infrastructure, Foreign Direct Investment, Economic Growth, Balikpapan

Abstract

This article discusses infrastructure capital expenditure on economic growth of Balikpapan City, which is one of the strategic cities in Indonesia with abundant natural resources potential. This study aims to identify the contribution of FDI in promoting economic growth through the improvement of infrastructure of Balikpapan city area, and also the infrastructure of education sector which has an important effect to create superior human resources and can increase economic growth in Balikpapan City. The method of analysis used is descriptive quantitative analysis by collecting secondary data from the Central Bureau of Statistics (BPS), and then processed using quantitative analysis software eviews 12. The results show that FDI contributes significantly to Balikpapan's economic growth, especially in the education and infrastructure sectors. New job creation and productivity improvement through modern technology are the key factors in economic growth. The conclusion of this study emphasizes the importance of creating a stable and friendly investment climate to attract more FDI to Balikpapan, so that it can support sustainable economic growth

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