•  
  •  
 

Abstract

Optimizing demographic dividend requires human capital quality improvement. However, disparities in the quality of human capital between regions in East Java becoming challenge in increasing GRDP per capita growth before demographic bonus period ends. This research analyze the effect of human capital quality on GRDP per capita growth during 2011–2022 period generally in East Java Province and specifically in districts/cities with low human capital quality. Dynamic panel data regression analysis using the First-Difference Generalized Moment Method (FD-GMM) was used in this research. The research results show a significant influence of the quality of human capital on GDP per capita growth.

Bahasa Abstract

Dalam mengoptimalkan bonus demografi diperlukan peningkatan kualitas modal manusia. Namun, disparitas kualitas modal manusia antarwilayah di Jawa Timur menjadi tantangan dalam meningkatkan pertumbuhan PDRB per kapita sebelum masa bonus demografi berakhir. Penelitian ini bertujuan untuk menganalisis pengaruh kualitas modal manusia terhadap pertumbuhan PDRB per kapita pada periode 2011–2022 secara umum di Provinsi Jawa Timur, serta spesifik pada kabupaten/kota dengan kualitas modal manusia rendah. Analisis regresi data panel dinamis dengan metode First-Difference Generalized Moment Method (FD-GMM) digunakan pada penelitian ini. Hasil penelitian menunjukkan pengaruh signifikan dari kualitas modal manusia terhadap pertumbuhan PDRB per kapita.

References

[1] Ahmad, M., & Khan, R. E. A. (2019). Does demographic transition with human capital dynamics matter for economic growth? A dynamic panel data approach to GMM. Social Indicators Research, 142, 753-772. doi: https://doi.org/10.1007/s11205-018-1928-x.

[2] Akpansung, A. O., & Peter, A. (2021). Demographic changes and economic growth of Sub-Sahara Africa: a systemGMM approach. KIU Journal of Social Sciences, 7(3), 65-74.

[3] Alekhina, V., & Ganelli, G. (2023). Determinants of inclusive growth in ASEAN. Journal of the Asia Pacific Economy, 28(3), 1196-1228. doi: https:// doi.org/10.1080/13547860.2021.1981044.

[4] Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277-297. doi: https://doi.org/10.2307/2297968.

[5] Baerlocher, D., Parente, S. L., & Rios-Neto, E. (2021). Female labor force participation and economic growth: Accounting for the gender bonus. Economics Letters, 200, 109740. doi: https://doi.org/10.1016/j.econlet.2021.109740.

[6] Banto, J. M., & Monsia, A. F. (2021). Microfinance institutions, banking, growth and transmission channel: A GMM panel data analysis from developing countries. The Quarterly Review of Economics and Finance, 79, 126-150. doi: https://doi.org/10.1016/j.qref.2020.06.004.

[7] Berde, É., & Kurbanova, M. (2023). Does the demographic dividend with human capital development yield an economic dividend? Evidence from Central Asia. Post-Communist Economies, 35(2), 154-178. doi: https:// doi.org/10.1080/14631377.2022.2164782.

[8] Beylik, U., Cirakli, U., Cetin, M., Ecevit, E., & Senol, O. (2022). The relationship between health expenditure indicators and economic growth in OECD countries: A Driscoll- Kraay approach. Frontiers in Public Health, 10, 1050550. doi: https://doi.org/10.3389/fpubh.2022.1050550.

[9] BPS. (2023a). Produk Domestik Regional Bruto provinsi-provinsi di Indonesia menurut lapangan usaha 2018-2022. Badan Pusat Statistik. Diakses 11 Desember 2023 dari https://www.bps.go.id/id/ publication/2023/04/13/d5ce181590472cea3abbb80c/ produk-domestik-regional-bruto-provinsi-provinsi-diindonesia- menurut-lapangan-usaha-2018-2022.html.

[10] BPS. (2023b). Statistik Indonesia 2023. Badan Pusat Statistik.

[11] BPS Provinsi Jawa Timur. (2022). Keadaan angkatan kerja Provinsi Jawa Timur Agustus 2021. Badan Pusat Statistik.

[12] BPS Provinsi Jawa Timur. (2023a). Provinsi Jawa Timur dalam angka 2023. BPS Provinsi Jawa Timur.

[13] BPS Provinsi Jawa Timur. (2023b). Proyeksi penduduk Kabupaten Kota Provinsi Jawa Timur 2020–2035 hasil Sensus Penduduk 2020. BPS Provinsi Jawa Timur.

[14] Cm, J., Hoang, N. T., & Yarram, S. R. (2023). Human capital and the middle-income trap revisited. Applied Economics, 55(34), 4003-4022. doi: https:// doi.org/10.1080/00036846.2022.2121379.

[15] Diebolt, C., & Hippe, R. (2022). The long-run impact of human capital on innovation and economic growth in the regions of Europe. In: Human capital and regional development in Europe: a long-run comparative view (pp. 85–115). Springer, Cham. doi: https://doi.org/10.1007/978-3-030-90858-4_5.

[16] Fatima, S., Chen, B., Ramzan, M., & Abbas, Q. (2020). The nexus between trade openness and GDP growth: Analyzing the role of human capital accumulation. Sage Open, 10(4), 2158244020967377. doi: https:// doi.org/10.1177/2158244020967377.

[17] Kementerian PPN/Bappenas. (2016). Buku saku terjemahan tujuan dan target global. Kementerian Perencanaan Pembangunan Nasional (PPN)/Badan Perencanaan Pembangunan Nasional (Bappenas). Diakses 13 November 2023 dari https://sdgs.bappenas.go.id/website/wp-content/ uploads/2021/04/Buku-Saku-Target-Metadata.pdf.

[18] Kementerian PPN/Bappenas. (2023). Penduduk berkualitas menuju Indonesia emas: kebijakan kependudukan Indonesia 2020-2050. Kementerian Perencanaan Pembangunan Nasional (PPN)/Badan Perencanaan Pembangunan Nasional (Bappenas). Diakses 13 November 2023 dari https://perpustakaan.bappenas.go.id/e-library/ file_upload/koleksi/migrasi-data-publikasi/file/Policy_ Paper/Buku%20Penduduk%20Berkualitas%20Menuju% 20Indonesia%20Emas%20%20310522%20.pdf.

[19] Mason, A., & Lee, R. (2022). Six ways population change will affect the global economy. Population and Development Review, 48(1), 51-73. doi: https://doi.org/10.1111/padr.12469.

[20] Maurer, R. (1995). Is economic growth a random walk?. Kiel Working Paper, 677. Kiel Institute for the World Economy (IfW), Kiel.

[21] Mohamed Sghaier, I. (2022). Foreign capital inflows and economic growth in north African countries: The role of human capital. Journal of the Knowledge Economy, 13, 2804- 2821. doi: https://doi.org/10.1007/s13132-021-00843-5.

[22] Nigrum, D. A. K., Suhel, & Subardin, M. (2023). Pengaruh tingkat pendidikan dan belanja bidang kesehatan terhadap pertumbuhan PDRB per kapita di Provinsi Sumatera Selatan. Jurnal Informatika Ekonomi Bisnis, 5(3), 698-706. doi: https://doi.org/10.37034/infeb.v5i3.625.

[23] Oksak, Y., & Koyuncu, C. (2022). Human capital and economic growth in Türkiye: Long-run analysis. Karamano˘glu Mehmetbey Üniversitesi Sosyal Ve Ekonomik Ara¸stırmalar Dergisi, 24(43), 821-838.

[24] Rahman, M. M., & Anis, T. B. (2023). Government expenditure on education and economic growth: a panel data analysis. Journal of Community Positive Practices, (2), 30-46. doi: https://doi.org/10.35782/JCPP.2023.2.03.

[25] Sadigov, R. (2022). Rapid growth of the world population and its socioeconomic results. The Scientific World Journal, 2022, 8110229. doi: https://doi.org/10.1155/2022/8110229.

[26] Sarwar, A., Khan, M. A., Sarwar, Z., & Khan, W. (2021). Financial development, human capital and its impact on economic growth of emerging countries. Asian Journal of Economics and Banking, 5(1), 86-100. doi: https://doi.org/10.1108/ajeb-06-2020-0015.

[27] Solihin, A., Wardana, W. W., Fiddin, E., & Sukartini, N. M. (2021). Do government policies drive economic growth convergence? Evidence from East Java, Indonesia. Cogent Economics & Finance, 9(1), 1992875. doi: https://doi.org/10.1080/23322039.2021.1992875.

[28] Song, S. (2013). Demographic changes and economic growth: Empirical evidence from Asia. Honors Projects, 121. Digital Commons @ Illinois Wesleyan University (DC@IWU). Diakses 11 Desember 2023 dari https: //digitalcommons.iwu.edu/econ_honproj/121/.

[29] Sultana, T., Dey, S. R., & Tareque, M. (2022). Exploring the linkage between human capital and economic growth: A look at 141 developing and developed countries. Economic Systems, 46(3), 101017. doi: https:// doi.org/10.1016/j.ecosys.2022.101017.

[30] Uddin, M. A., Ali, M. H., & Masih, M. (2021). Institutions, human capital and economic growth in developing countries. Studies in Economics and Finance, 38(2), 361-383. doi: https://doi.org/10.1108/SEF-10-2019-0407.

[31] Urama, C. E., Ukwueze, E. R., Obodoechi, D. N., Ogbonna, O. E., Eze, A.A., Alade, O. B.,&Ugwu, P. N. (2022).Women’s labour force participation: economic growth nexus in Sub- Saharan African countries. Journal of International Women’s Studies, 24(5), 9.

[32] Verianto, M. I., & Diwanegara, R. (2022). Regional income convergence analysis in East Java: does investment matter?. East Java Economic Journal, 6(2), 271-285. doi: https:// doi.org/10.53572/ejavec.v6i2.91.

[33] Verico, K. (2021). Global pandemic 2020: Indonesia’s output gap and middle-income trap scenario. LPEM-FEBUI Working Paper, 057. Lembaga Penyelidikan Ekonomi dan Masyarakat Fakultas Ekonomi dan Bisnis Universitas Indonesia. Diakses 11 Desember 2023 dari https: //www.lpem.org/global-pandemic-2020-indonesia%E2% 80%99s-output-gap-and-middle-income-trap-scenario/.

[34] Wahyudi, & Permatasari, I. D. (2018). Demographic bonus in East Java: blessing or disaster?. East Java Economic Journal, 2(1), 95-109. doi: https://doi.org/10.53572/ejavec.v2i1.14.

[35] Wihardja, M. M., & Cunningham, W. (2021). Pathways to middle-class jobs in Indonesia. Technical Reports, 35848. World Bank. Diakses 10 Desember 2023 dari https://www.worldbank.org/en/country/indonesia/ publication/pathways-to-middle-class-jobs-in-indonesia.

[36] World Bank. (2023). Indonesia Economic Prospects (IEP) June 2023: The invisible toll of Covid-19 on learning. Diakses 10 Desember 2023 dari https: //www.worldbank.org/en/country/indonesia/publication/ indonesia-economic-prospects-iep-june-2023-the-invisibletoll- of-covid-19-on-learning.

[37] Yakubu, M. M., Akanegbu, B. N., & Jelilov, G. (2020). Labour force participation and economic growth in Nigeria. Advances in Management and Applied Economics, 10(1), 1-14.

[38] Zhou, J., Deng, J., Li, L., &Wang, S. (2023). The demographic dividend or the education dividend? evidence from China’s economic growth. Sustainability, 15(9), 7309. doi: https://doi.org/10.3390/su15097309.

Included in

Economics Commons

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.