The Impact of Quality of Education and Higher Education on Economic Growth

Education is the basic capital to create quality economic growth. Skillful and competitive human resources are a source of basic capital to create religious industrial technological innovation in order to support quality economic growth. This study aims to (1) analyze the relationship between educat...

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Main Authors: Arman Arman, Budhi Purwandaya, Asep Saefuddin
Format: Article
Language:English
Published: Universitas Negeri Semarang 2020-06-01
Series:Journal of Economic Education
Subjects:
Online Access:https://journal.unnes.ac.id/sju/index.php/jeec/article/view/36774
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author Arman Arman
Budhi Purwandaya
Asep Saefuddin
author_facet Arman Arman
Budhi Purwandaya
Asep Saefuddin
author_sort Arman Arman
collection DOAJ
description Education is the basic capital to create quality economic growth. Skillful and competitive human resources are a source of basic capital to create religious industrial technological innovation in order to support quality economic growth. This study aims to (1) analyze the relationship between education and growth in Indonesia and (2) compile a formulation of education policy as an important driving factor in long-term growth. The observation units analyzed were 33 provinces in Indonesia in the period 2013-2015. The data is then analyzed using the Data Analysis Panel approach. The results showed that the level of prosperity and prosperity was positively correlated with regional economic growth. This shows that the more qualified human development and increasing prosperity, the better economic growth in the region. Furthermore, the better the quality of education, the better economic growth. This result is inversely proportional to the large number of universities where the number of tertiary institutions does not have an influence on regional economic growth. This shows that the number of universities does not have a positive effect if it is not balanced with the number of qualified lecturers.
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spelling doaj.art-40cb89d2875c407ca9aea838c0a288f12022-12-21T20:02:02ZengUniversitas Negeri SemarangJournal of Economic Education2301-73412020-06-0191647010.15294/jeec.v9i1.3677436774The Impact of Quality of Education and Higher Education on Economic GrowthArman Arman0Budhi Purwandaya1Asep Saefuddin2Universitas Trilogi, IndonesiaUniversitas Trilogi, IndonesiaUniversitas IPB, IndonesiaEducation is the basic capital to create quality economic growth. Skillful and competitive human resources are a source of basic capital to create religious industrial technological innovation in order to support quality economic growth. This study aims to (1) analyze the relationship between education and growth in Indonesia and (2) compile a formulation of education policy as an important driving factor in long-term growth. The observation units analyzed were 33 provinces in Indonesia in the period 2013-2015. The data is then analyzed using the Data Analysis Panel approach. The results showed that the level of prosperity and prosperity was positively correlated with regional economic growth. This shows that the more qualified human development and increasing prosperity, the better economic growth in the region. Furthermore, the better the quality of education, the better economic growth. This result is inversely proportional to the large number of universities where the number of tertiary institutions does not have an influence on regional economic growth. This shows that the number of universities does not have a positive effect if it is not balanced with the number of qualified lecturers.https://journal.unnes.ac.id/sju/index.php/jeec/article/view/36774economic growtheducationhigher educationquality
spellingShingle Arman Arman
Budhi Purwandaya
Asep Saefuddin
The Impact of Quality of Education and Higher Education on Economic Growth
Journal of Economic Education
economic growth
education
higher education
quality
title The Impact of Quality of Education and Higher Education on Economic Growth
title_full The Impact of Quality of Education and Higher Education on Economic Growth
title_fullStr The Impact of Quality of Education and Higher Education on Economic Growth
title_full_unstemmed The Impact of Quality of Education and Higher Education on Economic Growth
title_short The Impact of Quality of Education and Higher Education on Economic Growth
title_sort impact of quality of education and higher education on economic growth
topic economic growth
education
higher education
quality
url https://journal.unnes.ac.id/sju/index.php/jeec/article/view/36774
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