ANALISIS KEBUTUHAN INVESTASI SEKTOR PERTANIAN DALAM RANGKA MENINGKATKAN PERTUMBUHAN EKONOMI DI PROVINSI ACEH

Abstract

This study aimed to how much invesment is needed to improve economic growth in agriculture sectors, to construct development priorities of agriculture commodities having potential to improve economic growth in Aceh, and agriculture commodities in which sector a large impact on the welfare of the community with their investment in the plant. The data used in this study were secondary data obtained from Central Statistics Agency (BPS), Investment and Promotion Agency of Aceh and other required institutions. This study uses Incremental Capital Output Ratio (ICOR), the results showed that ICOR values of crops, plantation, livestock, forestry, and fishery were 2.926, 0, 0.108, and 0.298 respectively. It means that to increase 1 percent of GDP in those four commodities, the investment is expected to increase up to 2.926, 0, 0.108, and 0.298 percent respectively. At 4 percent of the average growth, in the next five years, the investment growth is expected to improve to 58, 51, 0, 2.16, and 5.95 percent from the current GDP values. At 4 percent growth, in order to achieve an effective commodity growth on social welfare, a five-year investment amounted to 682 billion (equal to 58.51 percent from GDP value) is required.