Analysis of The Influence of Number of MSMEs and MSMEs Investment on Economic Growth in Gorontalo Province

This study aims to determine whether or not the number of MSMEs and MSMEs
investment influences the economic growth in Gorontalo Province. This study uses
secondary data in the form of 5 regencies and 1 city (Gorontalo Regency, Bone Bolango Regency, Gorontalo Utara Regency, Boalemo Regency, Pohuwato Regency, and Gorontalo City) in 2010-2020 sourced from Statistics Indonesia (BPS) and the cooperative, MSME, industry and trade department. This study applies panel data regression analysis. The results of this study indicate that (1) the number of MSMEs has a significant and positive influence on economic growth in Gorontalo Province. This means every increase in the number of MSMEs in Regencies/City in Gorontalo Province will increase economic growth in Gorontalo Province. (2) The amount of MSMEs investment has a negative and significant influence on economic growth in Gorontalo Province. This means every increase in the number of MSMEs investment in Regencies/City in Gorontalo Province will reduce economic growth in Gorontalo Province.