The effect of education and investment on per capita GDP

Q4 Social Sciences

International Journal of Education Economics and Development Pub Date : 2023-01-01 DOI:10.1504/ijeed.2023.134187

Dani Rahman Hakim, Iin Rosini

引用次数: 0

Abstract

This study analysed the effect of education and investment on per capita GDP in Indonesia. This study used mean years of schooling, national secondary school test score, and secondary school student enrolment as education proxies. Meanwhile, the investment in this study was proxied by foreign and domestic investment (DI). This study employed panel data from 34 provinces of Indonesia during the 2013-2019 period with a one-way error component regression model. This study revealed that education could positively affect per capita gross domestic product (GDP) if it were proxied by mean years of schooling and secondary school student enrolment. This study also found that DI proved to have a positive and significant effect on per capita GDP. The results of this study are robust after controlling the incremental capital-output ratio (ICOR) and Gini ratio.

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教育和投资对人均GDP的影响

本研究分析了教育和投资对印尼人均GDP的影响。本研究采用平均受教育年数、全国中学考试成绩和中学生入学率作为教育指标。同时，本研究中的投资以外商投资和国内投资(DI)为代表。本研究采用2013-2019年期间印度尼西亚34个省份的面板数据，采用单向误差成分回归模型。本研究发现，如果以平均受教育年数和中学学生入学率来代表，教育对人均国内生产总值(GDP)有积极的影响。本研究还发现，直接投资对人均GDP有显著的正向影响。在控制了增量资本产出率(ICOR)和基尼系数后，本文的研究结果是稳健的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Education Economics and Development Social Sciences-Education

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： IJEED primarily publishes papers promoting advancement of education economics at all levels. It fills the gap in our understanding of the links between education and the development of individuals, societies and economies. IJEED is particularly interested in international comparisons and detailed studies of educational institutions and outcomes in developing economies. The latter is what distinguishes the journal from other journals whose focus is education economics more generally. Theoretical and empirical analyses at both micro and macro levels receive equal attention. Topics covered include: -Formal and informal education/training; role of voluntary organisations -Economic education and teaching of economics -Higher education: responsiveness to demands of society -Supply of education; education quality, measurement and issues -Teacher/instructor training and quality; dealing with bullying at schools -Access to education; education costs; public vs. private financing -Private school/higher education: private entrepreneurship''s role -Enrolment/drop-out rates, completion rates, and gender imbalance -Returns to education and labour market outcomes -Apprenticeships, training, skills upgrading; implementation, outcomes -Regional, rural/urban, and ethnic disparities in provision of education -Incentives, education delivery and outcomes -Education, health and happiness -International flows of human capital and brain drain -Any other relevant topic