Bank Credit Key to Indonesia's Economic Growth, Government Spending Impactful
The study looked at how wages, bank credit, government spending, and employment in Indonesia are connected from 2010 to 2019. They found that bank credit and wages have a negative relationship, while bank credit and economic growth have a positive one. Government spending is linked to higher wages but lower bank credit. Wages are connected to economic growth, but not employment. Economic growth is related to government spending, but not employment.