Journal Of World Science
Vol. 2 No. 10 (2023): Journal of World Science

The impact of Economic Growth, Foreign Investment, Wages, and Human Development Index on Educated Unemployment

Karlina, Reyna (Unknown)
Ahmad Hafidh Saiful Fikri, Aula (Unknown)



Article Info

Publish Date
30 Oct 2023

Abstract

This study aims to measure four independent variables and one dependent variable using secondary data in the form of panel data comprising 27 districts/cities in a cross-section and a time series over 5 years. The data analysis method employed is panel data regression with the random effects method. Eviews version 12 was utilized for data processing, including testing classical assumptions, hypothesis testing, and testing the Adjusted coefficient of determination (R2). The research findings indicate significant relationships between specific variables and educated unemployment. Economic Growth negatively and significantly impacts educated unemployment, demonstrating its ability to decrease educated unemployment in the region. Minimum District Wage positively and significantly influences educated unemployment, implying that increasing UMK in an area can elevate the number of educated unemployed individuals. Additionally, the Human Development Index (HDI) exerts a negative and significant effect on educated unemployment, suggesting that higher HDI can reduce educated unemployment. However, foreign investment does not significantly affect educated unemployment. Overall, the study shows that these four independent variables explain 67.8% of educated unemployment, while the remaining 32.2% is influenced by factors beyond the study's scope.

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Journal Info

Abbrev

jws

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Engineering Health Professions Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Journal Of World Science is a scientific journal in the form of research and can be accessed openly. This journal is published monthly by CV Riviera Publishing. Journal of World Science provides a means for ongoing discussion of relevant issues that fall within the focus and scope of the journal ...