August 15, 2025eCo-BussOpen Access

Factors Influencing Labor Absorption in the Micro and Small Industry Sector in Banten Province for the 2019-2023 Period

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Labor absorption in Banten's micro and small industry is significantly influenced by Gross Domestic Product (GDP), enhancing employment levels.
The model explains about 98.93% of labor absorption variation, indicating strong explanatory power with an R-squared value of 0.989332.
Multiple linear regression analysis was used to assess the impact of various economic factors on labor absorption from 2019 to 2023.
Findings suggest that minimum wage, number of industries, and productivity may not directly affect labor absorption, highlighting potential indirect influences.

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Implication

Quantitative analysis reveals that GDP significantly impacts labor absorption in Banten's micro and small industry sector, suggesting other factors may play indirect roles.

Cite This Study

Hanitha et al. (2025) studied this question.

synapsesocial.com/papers/68af5407ad7bf08b1eadae6c https://doi.org/10.32877/eb.v8i1.2950

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Implication

Quantitative analysis reveals that GDP significantly impacts labor absorption in Banten's micro and small industry sector, suggesting other factors may play indirect roles.

Factors Influencing Labor Absorption in the Micro and Small Industry Sector in Banten Province for the 2019-2023 Period

Key Points

Discussion

Implication

Cite This Study

Factors Influencing Labor Absorption in the Micro and Small Industry Sector in Banten Province for the 2019-2023 Period

Key Points

Discussion

Implication

Cite This Study

Also Consider

Also Consider