THE IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH “The Implication for Improving the Accessibility for Higher Education In Indonesia”
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Date
2014-02-14
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Universitas Widyatama
Abstract
This paper empirically investigates the impact of
human capital on economic growth in Indonesia and the
implication for improving the accessibility of higher
education. Analyze has been done for 9 years namely the
period 2005-2013. The research analyzes the relationship
between dependent variable and independent variable, as
dependent variable is economic growth and school
enrollment rate for higher education. Economic growth is
represented by Gross Domestic Product (GDP) and school
enrollment rates for college is represented by net
enrollment rate for colleges and gross enrollment rates for
college. As independent variables are human capital is
represented by education, investing in human capital, as
education indicator is mean years schooling, and investing
in human capital is measured by government expenditure
for education and health. Other explanatory variables are
export and population.
The relationship between dependent variable and
independent variable is determined using multiple
regressions. Based on the empirical results of the paper
show that human capital are represented by education and
investing in human capital have a determinant role in the
economic growth, education has a positive impact on
economic growth, moreover investment in human capital
has positive impact on economic growth in Indonesia. The
improving of Government expenditure for human capital
implies to increase of school enrollment at higher
education level.
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Keywords
human capital, economic growth, higher education, Indonesia