Exploring The Impact of Human Capital, Education, and Health Expenditure on Inclusive Growth in Indonesia

Dwi Rahmayani (), Dyah Maya Nihayah, Grace Natalia Marpaung, Annis Nurfitriana Nihayah and Nur Janah Wariyanti
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Dwi Rahmayani: Universitas Negeri Semarang, Departement of Development Economics
Dyah Maya Nihayah: Universitas Negeri Semarang, Departement of Development Economics
Grace Natalia Marpaung: Universitas Negeri Semarang, Departement of Development Economics
Annis Nurfitriana Nihayah: Universitas Negeri Semarang, Departement of Development Economics
Nur Janah Wariyanti: Universitas Negeri Semarang, Departement of Development Economics

A chapter in Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), 2024, pp 237-244 from Springer

Abstract: Abstract This research analyzes physical capital, human capital, education, and health expenditure on inclusive economic growth, with data from 33 provinces in Indonesia from 2011-2023. Inclusive economic growth is measured using the Inclusive Economic Development Index. This research used the panel data regression with a fixed effect model to study Gross Fixed Capital Formation, educated labor, uneducated labor, education, and health sector expenditure on inclusive economic growth. This research found that Gross Fixed Capital Formation and educated labor significantly impact inclusive economic growth. Therefore, uneducated labor, education, and health sector expenditures do not significantly impact inclusive economic growth. This paper suggests increasing sustainable investment and equalizing investment. Second, the budget for education and health should be increased. Third, investment in the productive sector must be increased to improve the quality of labor.

Keywords: Education; Health Expenditure; Human Capital; Inclusive Growth (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-522-5_19

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DOI: 10.2991/978-94-6463-522-5_19

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