Abstract

Transportation, as one of the fundamental pillars of economic growth and development in countries, plays a vital role in the resilience of the economy. Investment in transportation infrastructure increases the Gross National Product (GNP) and enhances the country's economic growth. This research aims to examine the impact of non-governmental investment in transportation infrastructure on economic growth using the Crowdfunding method and the Autoregressive Distributed Lag (ARDL) model. The primary objective of this study is to analyze the effect of non-governmental investment in transportation infrastructure on the country's economic growth through Crowdfunding. This research is descriptive-analytical and applied in nature, employing the ARDL model as its research methodology. For data analysis, relevant statistical methods and the software Matlab.V2024 have been used. Additionally, regression, stationarity, and correlation tests between variables were conducted. The results show that the labor force variable in the overall economy equals 0.01, which is less than 0.05. This result indicates a significant relationship between the variables studied. Furthermore, the coefficient of the labor force variable is 0.98, indicating a strong positive relationship between investment in transportation and employment. The t-statistic value is 2.51, which falls in the region of rejecting the null hypothesis, suggesting a significant effect of the independent variable (investment) on the dependent variable (employment and income). The findings indicate that Crowdfunding investment in the transportation sector has a positive and significant impact on economic growth (GNP) in both the short and long term. This investment can significantly increase labor productivity and specialized production. Based on the findings, increasing investment in transportation infrastructure through Crowdfunding is recommended, as it positively impacts the country's economic growth and can strengthen economic connections and reduce costs.

Keywords: investment, transportation infrastructure, Crowdfunding, economic growth and development.