Dampak investasi modal manusia terhadap pertumbuhan ekonomi Indonesia

Abstract

Many studies of economic growth in advanced countries confirm the importance of human capital investment. These statistical investigations indicate that output has increased at a higher rate than can be explained by only the inputs of labor and physical capital. The purpose of this study is to analyze the impact of human capital investment on the Indonesian macro economics and sectoral performances by using the Computable General Equilibrium (CGE) model. The results show that an increase in human capital investment by government (both capital and non-capital expenditures) will have positive effects on several economic indicators such as real GDP, household consumption, and real wage. While in sectoral performances, it will increase all sectoral output and labor demand.