Ekonomi-Qu (Jurnal Penelitian Ilmu Ekonomi)
Vol 10, No 2 (2020): Jurnal Ekonomi-Qu

MODAL MANUSIA DAN PERTUMBUHAN EKONOMI DI INDONESIA MENGGUNAKAN ESTIMASI PANEL

Indra Suhendra (Universitas Sultan Ageng Tirtayasa)



Article Info

Publish Date
31 Oct 2020

Abstract

This study examines the influence of the human capital (HC) variable on economic growth (EG) in Indonesia. The study used a panel data model with fixed effect estimates for 34 provinces from 2011 to 2019. We used the education index formula from the United Nations Development Program (UNDP) to estimate human capital. The results showed that the human capital variable in the current year (HC) to human capital year-3 (HCt-3) had a negative and significant effect on economic growth. Meanwhile, variable of the human capital year-5 (HCt-5) to human capital year-7 (HCt-7), has a significant positive effect on economic growth. This study also found that the human capital variable year-4 (HCt-4), although the direction is positive, is not statistically significant for economic growth. This paper is useful for policy makers in Indonesia to increase human capital by improving the quality of education.

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Journal Info

Abbrev

Ekonomi-Qu

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of economic research "Ekonomi-Qu" is an economic's premier scholar journal providing peer-reviewed articles and review essays from subfields throughout the discipline, published by department of development economics, Universitas Sultan Ageng Tirtayasa. Journal of Ekonomi-Qu has been ...