PENGARUH PENGELUARAN PEMERINTAH DI SEKTOR PENDIDIKAN TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA
Abstract
This study investigates the effect of education expenditure on economic growth in Indonesia. Gross Domestic Product (GDP) is used as dependent variable on the explanatory variables of government expenditure on education. Time series data are from 1988 to 2019. This study adopts the Autoregresive Distributed Lag (ARDL) method. The results showed that education expenditure in Indonesia had a positive effect on economic growth positively. A greater allocation of resources on education expenses could make the Indonesia economy more dynamic.
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Solow, R. M. 1957. “Technical Change and the Aggregate Production Function”, Review of Economics and Statistics 39(3), 312-320.
Sukirno, Sadono. 1996. Teori Pembangunan Ekonomi.
Bagianto, A., & Zulkarnaen, W. (2020). Faktor Faktor Yang Mempengaruhi Pembangunan Ekonomi. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(1), 316-332.
Barro, Robert J. 1991. “Economic Growth in a Cross Section of Countries”, The Quarterly Journal of Economics 106.2 : 407-443.
Barro, R. J. and Xavier Salai Martin .1995. “Economic Growth”, (London: The MIT Press), p 431.
Dahlin, Brian G. 2002. “The Impact of Education on Economic Growth: Theory, Findings and Policy Implications”, Duke University.
Dickey, David A., and Wayne A. Fuller. 1979. “Distribution of the Estimates for Autoregresive Time Series with a Unit Root”, Journal of the American Statistical Association, 74: 427-431.
Gumus, S. 2005. “Turkiye Uzerine Ekonometrik Bir Analiz”, Istanbul: Iktisadi Arastirmalar Vakfi, s. 100.
Ismail, R. 1998. “Modal Manusia dan Perolehan Buruh”. Kuala Lumpur. Dewan Bahasa dan Pustaka.
Jung, H. S. and Thorbecke, E. .2003. “The Impact of Public Education Expenditure on Human Capital, Growth and Poverty in Tanzania and Zambia”, Journal of Policy Modelling 25, 701-725.
Kakar, Z. K, Khilji, B. A. and Khan, M. J. 2011. “Relationship Between Education and Economic Growth in Pakistan: A Time Series Analysis”, Journal of International Academic Research 11, 27-32.
Musila, J. W. and Belassi, W. 2004. “The Impact of Education Expenditure on Economic Growth in Uganda”, The Journals of Developing Areas 38, 123-133.
Narayan, P. and Narayan, S. 2004. “Estimating Income and Price Elasticities of Imports for Fiji in a Cointegration Framework”, Economic Modelling, 22:423-438.
Otani, I. and Villanueva, D. 1993. “Long Term Growth in Developing Countries and Its Determinants an Empirical Analysis”, World Development 18, 769-783.
Pesaran, M. Shin, Y. and Smith, R. J. 2001. “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometris, 16: 289-326.
Romer, P.M. 1990. “Endogenous Technological Change”, Journal of Political Economy 98 (5), S71-S102.
Rostow dan Musgrave. 1996. “Pembangunan Ekonomi”, Ekonomi Perencanaan Pembangunan, PT. Raja Grafindo Pustaka, Jakarta.
Solow, R. M. 1957. “Technical Change and the Aggregate Production Function”, Review of Economics and Statistics 39(3), 312-320.
Sukirno, Sadono. 1996. Teori Pembangunan Ekonomi.
Published
2021-04-20
How to Cite
Siringoringo, M., & Purwono, R. (2021). PENGARUH PENGELUARAN PEMERINTAH DI SEKTOR PENDIDIKAN TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 5(1), 1539-1547. https://doi.org/10.31955/mea.v5i1.1010
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Articles
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