TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA

TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA

This paper analyzes the main sources of economic growth in Indonesia with emphasizes on education role in fostering the growth during the New Order Government. To arrive at conclusive results, it employs rigorous econometric techniques and Error Correction Models that consider structural adjustments...

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Main Author: Rahmatina A. Kasri
Format: Article
Language:English
Published: Universitas Islam Indonesia 2011-09-01
Series:Economic Journal of Emerging Markets
Online Access:http://jurnal.uii.ac.id/index.php/JEP/article/view/2324
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spelling doaj-e33ce070f03a4988b84aa93fccacc5f52020-11-25T00:03:24ZengUniversitas Islam IndonesiaEconomic Journal of Emerging Markets2086-31282502-180X2011-09-01322215TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIARahmatina A. KasriThis paper analyzes the main sources of economic growth in Indonesia with emphasizes on education role in fostering the growth during the New Order Government. To arrive at conclusive results, it employs rigorous econometric techniques and Error Correction Models that consider structural adjustments in the economy. The study finds that physical capital and secondary education, particularly through the Universal Secondary Education Program, give the highest contribution to economic growth. It is also suggested that the negative effect of primary education on the long-run growth is mainly due to over-supply and excess-demand for the graduates following the structural changes in the economy. <br /><br />Keywords:    Education, human capital, economic growth, error correction model   <br />JEL classification numbers: I25, O15, O43, O53, C22http://jurnal.uii.ac.id/index.php/JEP/article/view/2324
collection DOAJ
language English
format Article
sources DOAJ
author Rahmatina A. Kasri
spellingShingle Rahmatina A. Kasri
TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA
Economic Journal of Emerging Markets
author_facet Rahmatina A. Kasri
author_sort Rahmatina A. Kasri
title TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA
title_short TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA
title_full TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA
title_fullStr TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA
title_full_unstemmed TIME SERIES EVIDENCE ON EDUCATION AND ECONOMIC GROWTH IN INDONESIA
title_sort time series evidence on education and economic growth in indonesia
publisher Universitas Islam Indonesia
series Economic Journal of Emerging Markets
issn 2086-3128
2502-180X
publishDate 2011-09-01
description This paper analyzes the main sources of economic growth in Indonesia with emphasizes on education role in fostering the growth during the New Order Government. To arrive at conclusive results, it employs rigorous econometric techniques and Error Correction Models that consider structural adjustments in the economy. The study finds that physical capital and secondary education, particularly through the Universal Secondary Education Program, give the highest contribution to economic growth. It is also suggested that the negative effect of primary education on the long-run growth is mainly due to over-supply and excess-demand for the graduates following the structural changes in the economy. <br /><br />Keywords:    Education, human capital, economic growth, error correction model   <br />JEL classification numbers: I25, O15, O43, O53, C22
url http://jurnal.uii.ac.id/index.php/JEP/article/view/2324
work_keys_str_mv AT rahmatinaakasri timeseriesevidenceoneducationandeconomicgrowthinindonesia
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