ANALISIS DAMPAK INVESTASI SUMBER DAYA MANUSIA TERHADAP PEMBANGUNAN MANUSIA DAN KINERJA EKONOMI INDONESIA TAHUN 2007-2011 (PENDEKATAN SIMULTAN DATA PANEL)

• Main Authors: , Lina Agustina Pujiwati, , Prof. Dr. Catur Sugiyanto, M.A.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2013
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/119511/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=59514
• Institution: Universitas Gadjah Mada

Indonesia's economy showed a commendable performance despite the economic crisis hit in 2008. However, good economic growth is leaving the problems of low quality of human resources (HR) reflected on the Human Development Index (HDI). This study aims to analyze the relationship between human development and economic growth. This study also analyzes what factors influence human development and economic growth, and how the impact of human resource investment on human development and economic growth. There is two-way relationship beetween human development (through health) and economic growth in Indonesia. The level of education is significantly affected by the level of health, education levels lag, and lag of government spending for infrastructure. The level of health is significantly affected by the economic performance, health level lag and lag in health spending. Meanwhile, the economic performance is significantly affected by the lag economic performance, level of education, level of health and Construction Cost Index. The simulation results show that (1) If the lag of health spending increase by 10 percent, it will raise level of education by 0,04 years, level of heal by 0,022 years and economic performance by Rp59,9 thousand. (2) If the lag of government spending on infrastructure increase Rp10 trillion, it will raise level of education by 0,368 years, level of health by 0,00711 and economic performance by Rp1,4 million. Human development encourages economic performance and on the other hand good economic performance support human development. This two-way relationship cannot stand alone and require government support in other sectors such as the provision of good infrastructure and increasing of government spending on health.