文章基本信息

标题：The Relationship Between Human Capital Development and Economic Growth: Evidence from Malaysia
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作者：WIDARNI, Eny Lestari ; WILANTARI, Regina Niken
期刊名称：Journal of Asian Finance, Economics and Business
印刷版ISSN：2288-4637
电子版ISSN：2288-4645
出版年度：2021
卷号：8
期号：6
页码：641-650
DOI：10.13106/jafeb.2021.vol8.no6.0641
语种：English
出版社：Korean Distribution Science Association
摘要：This study aims to determine the behavior of education and health data in driving economic growth in Malaysia before the COVID-19 pandemic hit the world, namely, in the period from 2000 to 2019. This period was chosen to assess the behavior of data in the past so that it can be an indicator for decision-making for the future. To achieve this goal, the Quantitative Threshold Autoregressive method is used to predict data behavior so that the relationship between data can be seen in order to forecast economic growth when investing in health and education. This study focuses on secondary data sourced from the World Bank, including data on Malaysian gross domestic product, health investment in Malaysia and investment in education. We find that education and health are very important means of investing in human capital to drive economic growth. Education and health have the potential to be the two means of awakening and developing and restoring the economy during a pandemic and post-pandemic period. Education is a human resource development mechanism. However, education will be difficult to improve human performance without support from health. Education and health support each other in improving economic performance in Malaysia.
关键词：Human Capital;Health;Education;Gross Domestic Product