Pengaruh Pembiayaan Modal Ventura, Investasi Modal Asing, Dan Pembiayaan Modal Kerja Terhadap Pembangunan Ekonomi Lokal Di Indonesia Dengan Distribusi Kekayaan Sebagai Variabel Moderasi
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Abstract
Local economic development is needed in an effort to align domestic entrepreneurs in maintaining economic independence. This study uses indicators of poverty alleviation, labor force participation and economic growth in economic development at the local level. This study aims to measure the variables of venture capital financing, foreign capital investment, and working capital financing in 34 provinces in Indonesia. Wealth distribution is used as a moderation variable to evaluate the impact on equity and strengthen the relationship between independent variables and dependent variables. This research approach refers to panel data sourced from the Central Statistics Agency and the Financial Services Authority with a vulnerable time of 2020-2024. The measurement method was carried out by regression analysis to measure the relationship of independent variable variation and MRA test in strengthening its influence on dependent variables. The results of the analysis show that venture capital financing, foreign capital investment, and working capital financing have a positive and significant effect on local economic development in 34 provinces in Indonesia. However, the distribution of wealth as a moderation variable is not able to strengthen the relationship between independent variables and dependent variables so that the moderation hypothesis is not proven.
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