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All Journal Signifikan : Jurnal Ilmu Ekonomi 'ADALAH Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) SALAM: Jurnal Sosial dan Budaya Syar-i Jurnal Cita Hukum International Journal of Social Science and Business Jurnal Ecoment Global: Kajian Bisnis dan Manajemen Ekonomica Sharia: Jurnal Pemikiran dan Pengembangan Ekonomi Syariah Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah International Journal of Management, Entrepreneurship, Social Science and Humanities (IJMESH) Journal of Business and Political Economy: Biannual Review of The Indonesian Economy Review Jurnal Ilmiah Pangan Halal PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON DATA SCIENCE AND OFFICIAL STATISTICS Mizan: Journal of Islamic Law
Rizqon Halal Syah Aji, Rizqon Halal
Faculty Of Economics And Business, UIN Syarif Hidayatullah
Religion Agriculture, Biological Sciences & Forestry Humanities Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Journal : International Journal of Social Science and Business

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Political Economy of Tertiary Education Investment and Labor Welfare in Indonesia: Impacts on Productivity Growth from the New Order to the Reform Era Aji, Rizqon Halal Syah
International Journal of Social Science and Business Vol. 9 No. 1 (2025): February
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/ijssb.v9i1.94635

Abstract

This study aims to examine the role of tertiary education and labour welfare in influencing labour productivity in Indonesia. It checks whether tertiary education, labour welfare and capital production have influence on productivity for the period of 35 years from 1981-2015. These developments of labour productivity need to be seen as part of an evaluation of the role of tertiary education and labour welfare. This research involves the publication of the World Bank to obtain tertiary education registration data as a proxy for education, and GDP as a proxy for labour welfare. Other control variables, capital production, which is set as a proxy for production power, are taken from the publication of APO (Asian Productivity Organization) data. In addition, productivity proxies used are Total Factor Productivity (TFP) which is also sourced from APO. Empirical results with ARDL (Autoregressive Distributed Lag) reveal that the effect of long-term elasticity of tertiary education variables and Capital Production (CP) is significantly positive on labour productivity while labour welfare has a significant negative effect. These findings show that in the long-run tertiary education levels are as important for labour productivity as capital production. Furthermore, this empirical study explains that labour welfare has a significant negative effect on productivity. The government needs to ensure the continuity of tertiary education investment and production capital in order to contribute positively and significantly in the long run, also special attention needs to grant an improvement the welfare of the workforce.
Co-Authors Akbar, Chaerul Annissa Rezki Armania Putri Wardhani Azis Muslim Bagas Heradhyaksa Chalid, Pheni Chalid Dai’ah Dini Feriani Budiyah Hamidi, Ahmad Luthfi Heradhyaksa, Bagas Ishak Yussof Kavadya Syska Kurniasih Kurniasih Kurniasih Kurniasih Mangasi Panjaitan Mariappan, Samila Devi A/P Mohd Nasir bin Mohd Saukani Mohd Nasir Mohd Saukani Mohd Nasir Mohd Syaukani Muhammad Hartana Iswandi Putra Muhammad Ridwan Muhammad Rifqi Muhammad Ubaidillah Munajah, Robiatul Nurdin, Iing Panjaitan, Mangasi Rahayu Putriana Rezki, Annissa Ridlo, Abdullah Roma Doni Azmi Ropiudin . Roziana Baharin Saputra, Muhamad Malyan Saukani, Mohd Nasir Mohd Subekti, Rizki Dito Syaukani, Mohd Nasir Mohd Titik Nurhayati Ubaidillah, Muhammad Utama , M. Munip Yusep Ridwan