Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah
Vol 8 No 1 (2022): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Agustus 202

Education Investment In Economic Growth Following Provinces In Indonesia In 2014-2020

Dai’ah Dini (Program Studi Ekonomi Pembangunan UIN Syarif Hidayatullah Jakarta)
Rizqon Halal Syah Aji (Program Studi Ekonomi Pembangunan UIN Syarif Hidayatullah Jakarta)



Article Info

Publish Date
16 Aug 2022

Abstract

Education is the main capital in carrying out the development of a country. The purpose of this study is to determine the effect of education investment proxied by the school participation rate (APS) of elementary, middle and high schools on Economic Growth in 34 provinces in Indonesia in 2014-2020. This study used a dynamic panel regression analysis method with a fixed effect model. The results of this study show that the SD variable has a significant influence on economic growth in 4 provinces in Indonesia, namely the provinces of DKI Jakarta, West Java, Central Java, East Java and in 30 other provinces have no significant effect. The SMP variable has a significant influence on Economic Growth in 2 provinces in Indonesia, namely DKI Jakarta, East Java Province and in 32 other provinces has no significant effect. Meanwhile, the SMA variable has a significant influence on Economic Growth in 4 provinces in Indonesia, namely DKI Jakarta, East Java, Banten, East Kalimantan provinces and in 30 other provinces has no significant effect. The education investment variables proxied by the primary, middle and high school budgets together have a significant influence on economic growth in 30 provinces in Indonesia in 2014-2020 and in 4 other provinces such as Riau, Bali, West Nusa Tenggara and Papua have no significant effect.

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Journal Info

Abbrev

isbank

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah is an open access peer-reviewed online journal that provides a forum for sharing scientific studies on Islamic economics and banking. Editors welcome articles and research reports that address current issues such as: sharia ...