THE IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH “The Implication for Improving the Accessibility for Higher Education In Indonesia”
E. Keynote Mohamed Salleh Mohamed Yasin_AN OVERVIEW OF QUALITY ASSURANCE IN HIGHER EDUCATION.pdf (2.785Mb)
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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.