Improving Indonesia's export competitiveness through human capital investments

Authors

  • Meikarani Meikarani Universitas Palangka Raya
  • Miar Miar Universitas Palangka Raya
  • Yudi Pungan Universitas Palangka Raya

DOI:

https://doi.org/10.52300/grow.v10i1.15310

Keywords:

exports, education, health, HDI, labor, productivity

Abstract

This research was conducted to analyze the influence of education investment, health investment, HDI, and labor productivity on Indonesian exports of goods and services simultaneously or partially. This type of research is quantitative research. The samples in this research are an investment in education, investment value in health, HDI, labor productivity, and the value of Indonesian exports using time series data from 1994 to 2023. Analysis is used to calculate directly the magnitude of the influence of investment value in education, investment value in the health sector, HDI, labor productivity as the independent variable, and the value of Indonesian exports as the dependent variable. The findings in this research are that the investment value variables in the education sector and the investment value in the health sector have no significant effect on the value of Indonesian exports. The variable value of the Human Development Index and the value of Indonesian labor productivity have a positive and significant effect on the value of Indonesian exports. Meanwhile, in the simultaneous test of independent variables, the investment value of the education sector, the investment value of the health sector, the value of the Human Development Index, and the productivity of Indonesian labor have a positive and significant effect on the value of Indonesian exports.

Downloads

Download data is not yet available.

References

Amna Intisar, R., Yaseen, M. R., Kousar, R., Usman, M., & Makhdum, M. S. A. (2020). Impact of trade openness and human capital on economic growth: a comparative investigation of Asian countries. Sustainability, 12(7), 2930.

Asafo-Adjei, E., Boateng, E., Isshaq, Z., Idun, A. A.-A., Owusu Junior, P., & Adam, A. M. (2021). Financial sector and economic growth amid external uncertainty shocks: insights into emerging economies. Plos One, 16(11), e0259303.

Baharin, R., Syah Aji, R. H., Yussof, I., & Mohd Saukani, N. (2020). Impact of human resource investment on labor productivity in Indonesia. Interdisciplinary Journal of Management Studies (Formerly Known as Iranian Journal of Management Studies), 13(1), 139–164.

Burhanudin, M., Rindayati, W., & Anggraeni, L. (2020). Analysis of creative industries development in Indonesia. International Journal of Sciences: Basic and Applied Research (IJSBAR), 49(1), 195–205.

Camagni, R. (2023). Adam Smith (1723–1790): Uncovering his legacy for regional science. In Great Minds in Regional Science, Vol. 2 (pp. 13–70). Springer.

Carrasco, C. A., & Tovar-García, E. D. (2021). Trade and growth in developing countries: the role of export composition, import composition and export diversification. Economic Change and Restructuring, 54, 919–941.

Crouzet, N., Eberly, J. C., Eisfeldt, A. L., & Papanikolaou, D. (2022). The economics of intangible capital. Journal of Economic Perspectives, 36(3), 29–52.

Ghozali, I. (2016). Aplikasi analisis multivariete dengan program IBM SPSS 23.

Gulcemal, T. (2020). Effect of human development index on GDP for developing countries: A panel data analysis. Journal of Economics Finance and Accounting, 7(4), 338–345.

Harnani, S., Rusminingsih, D., & Damayanti, L. (2022). The role of human capital in education, environment, and economic. Asia Pacific Journal of Management and Education (APJME), 5(2), 87–99.

Islam, T., Pitafi, A. H., Arya, V., Wang, Y., Akhtar, N., Mubarik, S., & Xiaobei, L. (2021). Panic buying in the COVID-19 pandemic: A multi-country examination. Journal of Retailing and Consumer Services, 59, 102357.

Korinek, A., & Stiglitz, J. E. (2021). Artificial intelligence, globalization, and strategies for economic development. National Bureau of Economic Research.

Liu, X., Mattoo, A., Wang, Z., & Wei, S.-J. (2020). Services development and comparative advantage in manufacturing. Journal of Development Economics, 144, 102438.

Prasetyo, P. E., & Kistanti, N. R. (2020). Human capital, institutional economics and entrepreneurship as a driver for quality & sustainable economic growth. Entrepreneurship and Sustainability Issues, 7(4), 2575.

Redmond, T., & Nasir, M. A. (2020). Role of natural resource abundance, international trade and financial development in the economic development of selected countries. Resources Policy, 66, 101591.

Roni, S. M., & Djajadikerta, H. G. (2021). Data analysis with SPSS for survey-based research. Springer.

Saleh, H., Surya, B., Annisa Ahmad, D. N., & Manda, D. (2020). The role of natural and human resources on economic growth and regional development: With discussion of open innovation dynamics. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 103.

Setterfield, M. (2021). Economic growth and development. An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis. Cheltenham, Reino Unido: Edward Elgar Publishing.

Sokolik, L., Nikonenko, U., Shtets, T., Kalinin, A., & Dorosh, I. (2022). Assessing the policy of attracting investments in the main sectors of the economy in the context of introducing aspects of industry 4.0. International Journal of Sustainable Development and Planning, 17(2), 497–505.

Sugiyono. (2017). Metode Penelitian Bisnis (Pendekatan Kuantitatif, Kualitatif, Kombinasi dan R&D). In Metodelogi Penelitian.

Sulaiman, N. F. C., Saputra, J., & Muhamad, S. (2021). Effects of human capital and innovation on economic growth in selected ASEAN Countries: Evidence from panel regression approach. The Journal of Asian Finance, Economics and Business (JAFEB), 8(7), 43–54.

Sun, C., Abbas, H. S. M., Xu, X., Gillani, S., Ullah, S., & Raza, M. A. A. (2023). Role of capital investment, investment risks, and globalization in economic growth. International Journal of Finance & Economics, 28(2), 1883–1898.

Surur, M., Wibawa, R. P., Jaya, F., Suparto, A. A., Harefa, D., Faidi, A., Triwahyuni, E., Suartama, I. K., Mufid, A., & Purwanto, A. (2020). Effect of education operational cost on the education quality with the school productivity as moderating variable. Psychology and Education, 57(9), 1196–1205.

Susanti, G., Iva, M. I. N., Yani, A. A., & Hidayat, A. R. (2022). Assessing the national health insurance system: a study of the implementation of health insurance policy in Indonesia. Public Policy and Administration, 21(4).

Viphindrartin, S., & Bawono, S. (2021). International Economics. BookRix.

Wadembere, A. M. (2023). Unveiling the path to rapid economic growth: lessons from aggressive industrialisation strategies of selected East Asian countries. Economic Development Research, 23.

Downloads

Published

2024-06-30

How to Cite

Meikarani, M., Miar, M., & Pungan, Y. . (2024). Improving Indonesia’s export competitiveness through human capital investments. Journal Magister Ilmu Ekonomi Universtas Palangka Raya : GROWTH, 10(1), 36–46. https://doi.org/10.52300/grow.v10i1.15310

Issue

Section

Articles