Measuring Welfare Equality: Essential Factors Supporting Inclusive Economic Growth In West Nusa Tenggara Province 2021-2025

Abstract

Inclusive economic growth is a new paradigm in measuring the success of economic
development in the current era. This study aims to analyze and identify the essential
factors that support inclusive economic growth in the regency/city of NTB Province
for the next five years (2021-2025). This research uses the semi-averaging method in
calculating data projections for 2024-2025. The data analysis technique used in this
research is panel data regression. The findings of this study indicate that over the next
five years (2021-2025), inclusive economic growth in NTB regencies/cities is predicted
to be in the medium category. The findings of this study also show that a decrease in
poverty levels, income inequality, and unemployment rates are important factors that
support inclusive economic growth in Regency / City in NTB Province in the next five
years (2021-2025).