文章基本信息

标题：The Economy of Indonesia: Driven by Physical or Human Capital
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作者：Lestari Agusalim ; Lukytawati Anggraeni ; Syamsul H. Pasaribu 等
期刊名称：JEJAK: Jurnal Ekonomi dan Kebijakan
电子版ISSN：2460-5123
出版年度：2022
卷号：15
期号：1
页码：10-28
DOI：10.15294/jejak.v15i1.34418
语种：English
出版社：Universitas Negeri Semarang
摘要：This study aims to analyze whether economic growth in Indonesia is driven by physical or human capital using panel data analysis consisting of all provinces over the last nine years. The estimation results show that the Indonesian economy is more likely to be driven by physical than human capital. The formation of human capital that has a significant positive effect on economic growth is health. However, the education variable represented by the mean years schooling has no significant effect on economic growth when including the control variable in the research model. To improve the quality of education, the state requires the government to provide substantial educational spending. However, the budget has not been used optimally so that the expected achievements of graduates are not achieved. In addition, education spending has not met the criteria for quality spending. In contrast to education spending, an increase in health spending will increase economic growth by improving the quality of health and life expectancy. A healthier society will have a high level of productivity that impacts the regional and national economy.
关键词：physical capital;human capital;education;health;economic growth