FAKTOR – FAKTOR PENENTU PENGALOKASIANBELANJA MODAL DI INDONESIA: STUDI ANALISIS META

This research try to investigate the determinants of capital expenditures in Indonesia with nine years data frompublished articles and still a working paper in Indonesia. The purpose of this research is to investigate therelationship between local original income (PAD), general allocation funds (DAU), special allocation funds(DAK), shared funds (DBH), Economic Growth, SiLPA, Regional Financial Independence, Effectiveness ofLocal Finance, Financial Dependence, Degree of BUMD Contributions, degree of decentralization, personnelexpenditures and wide of region to capital expenditure allocation. This research applies meta-analysistechnique developed by Huntel et al. (1982) of 55 articles were collected from 2007 until 2015 obtained 35articles that met the criteria as samples for purpose of cumulating and integrating a cross studies. This researchshows that special allocation funds (DAK), SiLPA, Regional Financial Independence, Effectiveness of LocalFinance, Financial Dependence and personnel expenditures are the factors which significantly influence thecapital expenditures. Meanwhile, local original income (PAD), general allocation funds (DAU), shared funds(DBH), Economic Growth, Efficiency Regional Finance, Degrees of BUMD Contributions, Degree ofDecentralization and Regional Area are found to be not significantly influence the capital expenditures. Thus,there are six factors that found to be the determinant of capital expenditures.