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Neni Pancawati
Universitas Gadjah Mada
Economics, Econometrics & Finance

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PENGARUH RASIO KAPITAL-TENAGA KERJA, TINGKAT PENDIDIKAN, STOK KAPITAL DAN PERTUMBUHAN PENDUDUK TERHADAP TINGKAT PERTUMBUHAN GDP INDONESIA Neni Pancawati
Journal of Indonesian Economy and Business (JIEB) Vol 15, No 2 (2000): April
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This paper inspirited by Kelley and Schmidt research on Aggregate Population and Economic Growth: The Role of the Components of Demographic Change. According to Kelley and Schmidt, there are three approach to analyze the influence of demographic variables to the economic growth: linear correlation, the production function and the convergence model. Kelley and Schmidt used convergence model and this research used production function model. The results of analyses show that Kelley and Schmidt experience on the difficult to interpret the influence of demographics variables on the economic growth was real, because there is not direct causation between both variables. This research found that education level proxies by gross enrollment ratio have not influence the rate of output (GDP) growth. But it does not mean that there is no impact between education and the rate of output growth, because education variable need other variable as a bridge to influence the rate of output growth significantly. Beside that, our finding show that the parameter of ratio of capital to labor is to high than the parameter of the stock capital increases. It mean that the efforts to increases the ratio of capital to labor very important to ensure sustainability of the output growth in the future.
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