Economic Journal of Emerging Markets
Volume 3 Issue 2, 2011

TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA

Rahmatina A. Kasri (Unknown)



Article Info

Publish Date
30 Sep 2011

Abstract

This paper analyzes the main sources of economic growth in Indonesia with emphasizes on education role in fostering the growth during the New Order Government. To arrive at conclusive results, it employs rigorous econometric techniques and Error Correction Models that consider structural adjustments in the economy. The study finds that physical capital and secondary education, particularly through the Universal Secondary Education Program, give the highest contribution to economic growth. It is also suggested that the negative effect of primary education on the long-run growth is mainly due to over-supply and excess-demand for the graduates following the structural changes in the economy. Keywords:    Education, human capital, economic growth, error correction model   JEL classification numbers: I25, O15, O43, O53, C22

Copyrights © 2011






Journal Info

Abbrev

JEP

Publisher

Subject

Economics, Econometrics & Finance

Description

The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...