Hanifah Zahra, Halkadri Fitra

Pengaruh Pendapatan Asli Daerah, Dana Alokasi Umum, dan Luas Wilayah terhadap Belanja Modal dengan Pertumbuhan Ekonomi sebagai Variabel Moderasi

Introduction

Pengaruh pendapatan asli daerah, dana alokasi umum, dan luas wilayah terhadap belanja modal dengan pertumbuhan ekonomi sebagai variabel moderasi. Kaji pengaruh PAD, DAU, & luas wilayah pada belanja modal pemerintah daerah Sumatra. Pertumbuhan ekonomi sebagai variabel moderasi. Analisis kuantitatif 2021-2023.

Abstract

This study aims to examine the effect of local income, general allocation funds, and regional size on capital expenditure, with economic growth as a moderating variable, in local governments in Sumatra during the 2021–2023 period. This research uses a quantitative approach. Samples were selected using a purposive sampling technique with a total of 246 local governments in Sumatra during the 2021–2023 period. Data were analyzed using Moderated Regression Analysis (MRA) with EViews 13. Based on the analysis result, it was concluded that local income, general allocation funds, and regional size had a positive and significant effect on capital expenditure. This means that higher local income, increased general allocation funds, and larger regional size increase both the need for and the capacity to allocate capital expenditure. However, economic growth was unable to moderate the relationship between local income, general allocation funds, and regional size on capital expenditure. 

Review

The study, titled "Pengaruh Pendapatan Asli Daerah, Dana Alokasi Umum, dan Luas Wilayah terhadap Belanja Modal dengan Pertumbuhan Ekonomi sebagai Variabel Moderasi," presents a relevant investigation into the determinants of capital expenditure in local governments. The research effectively addresses a critical area of public finance, examining how key revenue sources (local income, general allocation funds) and geographical factors (regional size) influence capital investment, while also exploring the role of economic growth as a potential moderating factor. The core findings indicate that local income, general allocation funds, and regional size all exert a positive and significant effect on capital expenditure, suggesting that enhanced financial capacity and larger administrative scope directly correlate with increased capital spending. Methodologically, the study employs a robust quantitative approach, utilizing a substantial sample of 246 local governments across Sumatra over the 2021-2023 period. The choice of purposive sampling, while specific, allows for a focused analysis within the chosen geographical and temporal context. The application of Moderated Regression Analysis (MRA) with EViews 13 is appropriate for testing both direct and moderating relationships, demonstrating a sound technical execution of the research design. This comprehensive approach, combined with the detailed explanation that higher local income, increased general allocation funds, and larger regional size enhance both the *need for* and *capacity to* allocate capital expenditure, strengthens the internal validity of the direct effects observed. A particularly noteworthy finding, and one that warrants further discussion, is the conclusion that economic growth was unable to moderate the relationship between the independent variables and capital expenditure. This non-significant moderating effect challenges common assumptions about the interplay between macroeconomic conditions and public investment decisions, especially given the positive direct effects of financial capacity. Future research could delve deeper into *why* economic growth did not play a moderating role in this specific context and period, perhaps exploring alternative moderating factors or more nuanced measures of economic prosperity. The implications of these findings are significant for local government policy-making, emphasizing the importance of internal revenue generation and intergovernmental fiscal transfers for capital development, while also prompting a re-evaluation of how broader economic conditions truly influence these spending patterns in practice.

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