Do Education Investment and Welfare of Labor Affect Productivity Growth in Indonesia?

Signifikan: Jurnal Ilmu Ekonomi Pub Date : 2022-10-06 DOI:10.15408/sjie.v11i2.26401

Rizqon Halal Syah Aji, R. Baharin, I. Yussof, Mohd Nasir Bin Mohd Saukani

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Abstract

Increasing the education budget in Indonesia has become the focus of economic politics because it is a fundamental issue. Education, as a significant component of labor productivity, plays a vital role in driving the welfare of the workforce due to the increase in the Total Factor Productivity (TFP). This paper aims to test the quality of tertiary education by using World Bank and APO data. This paper provides an overview of tertiary education that influences TFP when juxtaposed with several other control variables and uses the ARDL (Autoregressive Distributed Lag) test. The results show that TFP growth is significantly positively affected by the improvement of tertiary education quality and production capital but is significantly affected by the welfare of the workforce. This study implies that the government must allocate an adequate budget to improve education quality in Indonesia.How to Cite:Aji, R. H. S., Baharin, R., Yussof, I., & Mohd Saukani, M. N. (2022). Do Education Investment and Welfare of Labor Affect Productivity Growth in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 273-288. https://doi.org/10.15408/sjie.v11i2.26401.

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印尼的教育投资和劳动福利是否影响生产率增长?

在印尼，增加教育预算成为经济政治的焦点，因为这是一个根本性的问题。教育作为劳动生产率的重要组成部分，通过提高全要素生产率(TFP)，在推动劳动力福利方面发挥着至关重要的作用。本文旨在利用世界银行和APO的数据来检验高等教育的质量。本文概述了高等教育在与其他几个控制变量并置时对TFP的影响，并使用了ARDL(自回归分布滞后)检验。结果表明:全要素生产率增长受到高等教育质量和生产资本的显著正影响，但受劳动力福利的显著影响。这项研究表明，政府必须分配足够的预算，以提高印尼的教育质量。如何引用:Aji, r.h.s.， Baharin, R.， yussofi, and Mohd Saukani, M. N.(2022)。印尼的教育投资和劳动福利是否影响生产率增长?[j] .经济研究，2011，(2)，393 - 398。https://doi.org/10.15408/sjie.v11i2.26401。

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Signifikan: Jurnal Ilmu Ekonomi

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