Poverty Analysis through Spiritual, Multidimensional and Monetary Material Approaches in Indonesia

Abstract

In 2023, Banyumas' poverty rate rose, with Banyumas Regency, Central Java Province ranking eighth among all regions in terms of poverty in Indonesia. Other factors, such as social, cultural, and political factors, remain in this cycle of poverty. Low levels of education are the first step toward being unable to use and develop natural resources. After that, a poor work ethic eliminates the low production. In Banyumas district's, Central Java Province impoverished neighborhood, the study was carried out. The first year will involve selecting 200 impoverished people from four subdistricts in Banyumas Regency: Cilongok, Pekuncen, Wangon, Kedungbanteng, and Rawalo. This will allow for the identification of factors that affect the area's poverty level. The multinomial logit regression approach is an analytical tool used to address the study objectives. The findings of this study demonstrate that, in the instance of the Banyumas district region covered in this article, socioeconomic determinants do not necessarily have the same impact on multidimensional poverty or monetary poverty. The significance of formal employment status is limited to financial destitution. Multidimensional poverty alone is strongly influenced by regional geography. Only monetary poverty is impacted by informal credit, and that influence is favorable.

Contribution. This research can provide a comprehensive entrepreneurship concept that can accelerate poverty reduction in Banyumas Regency.