abstract: 'The purpose of this study is to provide benefits and ethically-rooted

  managerial implications based on theoretical underpinnings through an

  empirical study using correlation between wages, bank credit, government

  expenditure on economic growth, and employment via a case study in

  Indonesia. Besides that, managerial implications strive to provide

  benefits to the government regarding the importance of establishing

  effective and pro-development regulations to realize economic growth and

  employment through the efficient role of wages, bank credit, and

  government spending. This study uses secondary macroeconomic data from

  the period 2010-2019 with analysis using the correlation test with the

  Pearson correlation method. Out of eight hypotheses tested, two

  hypotheses do not have a significant correlation. The details of the

  statistical results obtained the following correlations: the correlation

  between bank credit and wages has a significant, but indirect (negative)

  correlation. However, the correlation between bank credit and economic

  growth has a direct and significant (positive) correlation. Government

  expenditure correlates positively with wages, but correlates negatively

  with bank credit. Wages are positively correlated with economic growth,

  but have no significant effect on employment. Finally, economic growth

  has a positive correlation with government expenditure, but does not

  have a significant correlation with employment.'
affiliation: 'Olilingo, FZ (Corresponding Author), Univ Negeri Gorontalo, Fac Econ,
  Dept Econ Dev Studies, Jend Sudirman St 6, Gorontalo City 96128, Gorontalo, Indonesia.

  Olilingo, Fahruddin Zain, Univ Negeri Gorontalo, Fac Econ, Dept Econ Dev Studies,
  Jend Sudirman St 6, Gorontalo City 96128, Gorontalo, Indonesia.

  Putra, Aditya Halim Perdana Kusuma, Univ Muslim Indonesia, Fac Econ \& Business,
  Dept Management, Makassar, Indonesia.'
author: Olilingo, Fahruddin Zain and Putra, Aditya Halim Perdana Kusuma
author-email: 'fzo.fekonung@gmail.com

  adityatrojhan@gmail.com'
author_list:
- family: Olilingo
  given: Fahruddin Zain
- family: Putra
  given: Aditya Halim Perdana Kusuma
da: '2023-09-28'
doi: 10.13106/jafeb.2020.vol7.no8.117
eissn: 2288-4645
files: []
issn: 2288-4637
journal: JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS
keywords: Bank Credit; Wages; Government Expenditure; Economics Growth; Employment
keywords-plus: 'MINIMUM-WAGE; GROWTH EVIDENCE; MILITARY EXPENDITURE; POLICY UNCERTAINTY;

  EMPLOYMENT; CREDIT; US; INCOME; DISCRIMINATION; INEQUALITY'
language: English
month: AUG
number: '8'
number-of-cited-references: '68'
orcid-numbers: Putra, Aditya Halim Perdana Kusuma/0000-0002-9530-4554
pages: 117-130
papis_id: 4e66f095ed857ba4d48d9459ce28c45d
ref: Olilingo2020howindonesia
researcherid-numbers: Putra, Aditya Halim Perdana Kusuma/AAB-6490-2020
times-cited: '8'
title: 'How Indonesia Economics Works: Correlation Analysis of Macroeconomics in 2010
  - 2019'
type: Article
unique-id: WOS:000558696900013
usage-count-last-180-days: '0'
usage-count-since-2013: '4'
volume: '7'
web-of-science-categories: Business
year: '2020'