scholarly journals The Human Resources: Its Contribution to Economic Development in Indonesia

2018 ◽  
Vol 2 (2) ◽  
pp. 1-4
Author(s):  
Wilson Bangun
Keyword(s):  
Economic Growth ◽  
Human Resources ◽  
Human Resource ◽  
World Bank ◽  
National Income ◽  
The Philippines ◽  
Production Factor ◽  
Production Factors ◽  
The World Bank ◽  
The World

Economic growth can be used as a measure of development that reflects the welfare of society in a country. The source of economic growth used in this study uses a production factors approach, namely capital, human resources, and technology. Human resources make the biggest contribution compared to capital production factors and technology towards Indonesia's economic growth. This study aims to determine the magnitude of the contribution of human resources to Indonesia's economic growth. To measure the magnitude of the contribution of each production factor to Indonesia's economic growth, the Neo Classical economic growth model was used as proposed by Abramovit and R.M. Solow using the Cobb Douglas production function that has been changed in a multiple regression equation: Log Yy = log a + α log C + β log L. The type of data used is secondary data in the time seies regarding the devolopment of the laborforce, investment namely domestict and foreign investment, and gross domestict product, from 2004-2016. The data used in this research is data on the development laborforce of Indonesian originating from world bank, domestic investment and planting foreign capital comes from the world bank and the finance ministry of the Republic of Indonesia, Gross Domestic Product sourced from the world bank. To the determine the magnitude of the influence of the production fctors of human resource and capital on Indonesia economic growth, it was processed using SPSS.20 program. Further more, to measure the contribution of  each production factor to Indonesia economic growth, the Alfian Lains formula was used with the Dession method as follows: Cr Xi = . The results of this study indicate that in Indonesia there is a strong influence between the factors of human resources and capital on GDP, while the factors of technology production are negative. Based on the Neo Classical flow, investment and human resource factors make a biggest contribution to Indonesia's economic growth, while the contribution of technological progress is low. Technological developments in Indonesia still lag behind compared to India, Singapore, Malaysia, Thailand and the Philippines. The factor of human resource production provides the biggest contribution to Indonesia's economic growth. However, human resource in Indonesia is dominated by an unskilled human resource category of 73.12 percent, while the remaining 26.88 percent is classified as skilled human resources, it causes GDP of Indonesia is low. The results of the study show that the factors of production of human resources and capital have a positive influence on Indonesia's economic growth of 96.30 percent. The value of labor elasticity to GDP is 7.755, which means that if there is an increase in energy productivity by 10 percent, then economic growth will increase by 77.55 percent. For capital production factors, with an elasticity value of 0.041, there is only economic growth of 4.10 percent, if there is an increase in capital productivity by 10 percent. Whereas, for the factor of technology production is the result of a reduction between national income and the factor of labor production after being added to capital which is equal to 1.64 percent. Therefore, it is recommended that the Indonesian government must improve the quality of human resources through improvements in the education sector.

Democracy and Development

1997 ◽  
Vol 46 (3) ◽  
pp. 635-643 ◽  
Author(s):  
Ibrahim F. I. Shihata
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Broad Sense ◽  
Strict Sense ◽  
The World Bank ◽  
The World ◽  
Definition Of

This note addresses the possible correlation between “democracy” and “development”, and the implications, if any, of such a correlation for the World Bank. This calls, first, for providing a definition of the two concepts as they are used here. To clarify the matter further, a distinction is made from the beginning between “development” in the broad sense and the concept of “economic growth” in the strict sense.

Leveraging Broadband for e-Government and Development in Africa

2015 ◽  
pp. 569-591
Author(s):  
Stephen Kwamena Aikins
Keyword(s):  
Economic Growth ◽  
Best Practices ◽  
World Bank ◽  
Development Bank ◽  
African Development ◽  
Mobile Broadband ◽  
The World Bank ◽  
The World ◽  
Substantial Progress ◽  
African Development Bank

This study investigated the extent and benefits of Africa's broadband connectivity, its impact on e-government and economic growth, and the challenges and best practices for addressing them. Studies by the UN and ITU over the years have revealed Africa lags behind in the global broadband connectivity and e-government diffusion. The Connect Africa summit held in 2007 by the ITU and its partners came out with five specific goals to connect the continent and help improve its economy. This study reviewed the Connect Africa Outcomes Report, and analyzed the publications of three independent studies conducted by: a) the ITU, b) the World Bank and the African Development Bank, and c) Informa Telecoms and Media. The findings reveal that Africa has made substantial progress in international connectivity and mobile broadband penetration. Additionally, broadband connectivity has contributed toward some improvements in e-government initiatives and economic growth. The study concludes with recommendations to address the existing challenges to consolidate the gains made.

Economic African Development in the Context of FinTech

2020 ◽  
pp. 273-289
Author(s):  
Youssra Ben Romdhane ◽  
Sahar Loukil ◽  
Souhaila Kammoun
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Least Square ◽  
National Accounts ◽  
African Countries ◽  
The World Bank ◽  
Digital Infrastructure ◽  
Wide Range ◽  
The World ◽  
Data Files

The purpose of this chapter is to analyze the effect of FinTech and political incertitude on economic growth through a multiple regression. Thus, the authors employ the method of generalized least square (GLS) with panel data. The sample concerns 21 African countries during (2001-2014-2017). The authors use a wide range of measures from Global Findex Database 2017, the World Bank platform, the World Bank national accounts data, and the OECD National Accounts data files base in the context of Africa. Empirical results show that FinTech is a driver of economic growth unless it is actively used in a developed digital infrastructure. In fact, the authors prove that, when financial technologies are used in both transactions (receive and made digital payment), they significantly contribute to the economic cycle. Passive use like simple consumption actions are not a significant lever for the economy. The principal contribution is to highlight that the active use of financial innovations and not passive one and the developed digital infrastructure do promote economic growth in African countries.

Economic Growth and Climate Change: An Exploratory Country-Level Analytics Study

2017 ◽  
Vol 8 (1) ◽  
pp. 1-22 ◽  
Author(s):  
Wullianallur Raghupathi ◽  
Viju Raghupathi
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
World Bank ◽  
Policy Decision ◽  
Country Level ◽  
The World Bank ◽  
The World ◽  
Development Plans ◽  
Policy Decision Making ◽  
Global Economic Growth

In this article, the authors use analytics to explore the association between economic growth and climate change at a country-level. They examine different indicators to better understand the macro issues and guide policy decision-making. The authors analyze global economic growth and climate change using the World Bank data of 131 countries and 16 indicators for the period 2005 to 2010. The analysis shows overall economic growth is positively associated with climate change. This implies country leaders should design and implement structured development plans if they are to promote economic growth to alleviate poverty while simultaneously mitigating climate change.

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