THE IMPACT OF THE COVID-19 PANDEMIC ON THE ECONOMY IN NORTH KALIMANTAN PROVINCE, INDONESIA
The purpose of this study is to determine the impact of the Covid-19 pandemic on economic growth and to determine the state of the economy and health in North Kalimantan Province, as well as to find out which sectors are most affected. The method used in this research is descriptive statistical anal...
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| Published in: | Russian journal of agricultural and socio-economic sciences Vol. 113; no. 5; pp. 3 - 15 |
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| Main Authors: | , , , , , |
| Format: | Journal Article |
| Language: | English |
| Published: |
iVolga Press
26-05-2021
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| Subjects: | |
| Online Access: | Get full text |
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| Summary: | The purpose of this study is to determine the impact of the Covid-19 pandemic on economic growth and to determine the state of the economy and health in North Kalimantan Province, as well as to find out which sectors are most affected. The method used in this research is descriptive statistical analysis, while to measure the health condition of the economy in North Kalimantan Province, 2 (two) indicators are used, namely the Effective reproduction rate (Rt) and the rate of economic growth which are grouped into 4 quadrants, meanwhile to measure the affected sector, Fuzzy C-Means is used. The results show that the economic growth of North Kalimantan Province in the second quarter experienced a contraction of up to -3.14% but in the third quarter it got better even though it still grew minus at -1.46%. The state of the economy of North Kalimantan Province in the second quarter of 2020 is based on calculations with the indicator of the effective reproduction rate (𝑅𝑡) and the economic growth rate of North Kalimantan Province is in the fourth quadrant which means that the number of positive cases of Covid-19 is still low but the economy is also low due to the spread of Covid-19 prevention policies, namely PSBB. Whereas in the third quarter of 2020, North Kalimantan Province is in the first quadrant, which means that economic growth is still below the average economic growth in Kalimantan, but the effective reproduction rate (𝑅𝑡) has increased, which is due to the relaxation of the government. From the results of the research it is also known that there are 3 (three) business sectors / fields that are categorized as highly impacted sectors, namely mining and excavation, transportation and warehousing as well as providers of accommodation, food and drink. |
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| ISSN: | 2226-1184 2226-1184 |
| DOI: | 10.18551/rjoas.2021-05.01 |