Educational Progress as a Booster of Economic Growth in Indonesia

  • Istiqomah Ahsanu Amala Universitas Negeri Malang
  • Nabilah Arrahmah Universitas Negeri Sebelas Maret
  • Endah Nur Amalina Universitas Negeri Malang

Abstract

Abstract: Increasing population growth as a demographic bonus in Indonesia needs to be balanced with improving the quality of human capital so that the demographic bonus can increase economic growth. Improving the quality of human capital investment takes a long time to produce tangible results, but the benefits will last longer for economic growth. The purpose of this research is to find out the link between education in boosting economic growth and formulate efforts that can be made to advance education in Indonesia. The research method used in this research is Systematic Review (SR) with Narrative Review (NR) research type. In realizing the education progress in Indonesia, the government can seek planned education based on the social demand approach, economic return approach, employment generation approach, and supports education for girls' and women's rights. Support from the government is one of the primary keys to developing human capital. Even so, every aspect of the educational environment needs to support and contribute to realizing progress in education together to boost economic growth in Indonesia.    

Downloads

Download data is not yet available.

References

Adam, L. & Negara, S. D. (2015). Improving human capital through better education to support

Indonesia’s economic development. Economics and Finance in Indonesia.

https://doi.org/http://dx.doi.org/10.47291/efi.v61i2.506

Andriani, D., & Yustini, T. (2021). Anticipating the demographic bonus from the perspective of human

capital in Indonesia. International Journal of Research in Business and Social Science (2147-

, 10(6), 141–152. https://doi.org/10.20525/ijrbs.v10i6.1377

Amornkitvikai, Y., Harvie, C., & Karcharnubarn, R. (2022). The impact of demographic structure,

human capital, migration and environmental degradation on economic growth in Asia. Journal of

Economic Studies. https://doi.org/10.1108/JES-09-2021-0487

Ariteja, S. (2017). Demographic Bonus for Indonesia: Challenges and Policy Implications of Promoting

Universal Health Coverage. Jurnal Perencanaan Pembangunan: The Indonesian Journal of

Development Planning, 1(3), 265–274. https://doi.org/10.36574/jpp.v1i3.24

Asian Development Outlook. (2022). Asain Development Outlook in April 2022: Economic Forecast.

https://www.adb.org/what-we-do/economic-forecasts/april-2022/main

Berger, N. & Fisher, P. (2013). A well-educated workforce is key to state prosperitiy. Economic

Analysis and Research Network. http://www.iowapolicyproject.org/2013docs/130822-EARNEducation.pdf

Dahal, G. (2016). The contribution of education to economic growth: Evidence from Nepal. Journal of

Applied Economic Sciences, 2.

Deda, E., Pacukaj, S., & Vardari, L. (2021). Education and its role in the economic development of the

country and government policies to be undertaken to increase the quality of education, the case of

albania. Journal of Educational and Social Research, 11(1), 188–199.

https://doi.org/10.36941/jesr-2021-0018

Diebolt, C., & Hippe, R. (2019). The long-run impact of human capital on innovation and economic

development in the regions of Europe. Applied Economics, 51(5), 542–563.

https://doi.org/10.1080/00036846.2018.1495820

Efendi, S. (2020). The Role of Human Capital in the Education Sector in Efforts to Create Reliable

Organizational Human Resources. International Journal of Science and Society, 2(1), 405–413.

https://doi.org/10.54783/ijsoc.v2i1.342

Jensen, B., Sonnemann, J., Robbets-Hull, K., Hunter, A. (2016). Beyond PD: Teacher professional

learning in high-Performing systems. The National Center on Education and the Economy:

Washington DC.

Kamran Akhtar Siddiqui, Shahid Hussain Mughal, Imran Ali Soomro, & Masood Ahmed Dool. (2021).

Teacher Training in Pakistan: Overview of Challenges and their Suggested Solutions. IJORER :

International Journal of Recent Educational Research, 2(2), 215–223.

https://doi.org/10.46245/ijorer.v2i2.91

Kementrian Pendidikan dan Kebudayaan. (2022). Undang-undang nomor 14 tahun 2005 tentang guru

dan dosen. https://sdm.ppg.kemdikbud.go.id/tentang/

Kusnandar, V. B. (2022). Era bonus demografi, 69% penduduk Indonesia masuk kategori usia produktif

pada Juni 2022. https://databoks.katadata.co.id/datapublish/2022/09/30/era-bonus-demografi-69-

penduduk-indonesia-masuk-kategori-usia-produktif-pada-juni-2022

Kuzminov, Y., Sorokin, P., & Froumin, I. (2019). Generic and specific skills as components of human

capital: New challenges for education theory and practice. Foresight and STI Governance, 13(2),

–41. https://doi.org/10.17323/2500-2597.2019.2.19.41

Li, S., Liu, X., Yang, Y., & Tripp, J. (2022). Effects of Teacher Professional Development and Science

Classroom Learning Environment on Students’ Science Achievement. Research in Science

Education, 52(4), 1031–1053. https://doi.org/10.1007/s11165-020-09979-x

Mankiw, N. G. (2019). Macroeconomics: Tenth Edition. United State of America.

O’Neill, A. (2022a). Gross domestic product of the ASEAN countries from 2017 – 2027.

https://www.statista.com/statistics/796245/gdp-of-the-asean-countries/

O’Neill, A. (2022b). Indonesia: Age structure from 2011 to 2021.

https://www.statista.com/statistics/319214/age-structure-in-indonesia/

Ogundari, K., & Awokuse, T. (2018). Human capital contribution to economic growth in Sub-Saharan

Africa: Does health status matter more than education? Economic Analysis and Policy, 58, 131–

https://doi.org/10.1016/j.eap.2018.02.001

Ogundu, J. (2022). Engineering and operations management education as the anchor to building,

operating, managing, maintaining, and sustaining good infrastructures, facilities and amenities

in Nigerian Universities. Proceedings of the International Conference on Industrial Engineering

and Operations Management Nsukka, Nigeria.

https://ieomsociety.org/proceedings/2022nigeria/454.pdf

Osiobe, E. U. (2019). A Literature Review of Human Capital and Economic Growth. Business and Economic Research, 9(4), 179. https://doi.org/10.5296/ber.v9i4.15624

Özbal, E. O. (2021). Dynamic effects of higher education expenditures on human capital and economic

growth: an evaluation of OECD countries. Policy Reviews in Higher Education, 5(2), 174–196.

https://doi.org/10.1080/23322969.2021.1893125

Risandini, F., & Silvi, R. (2021). Potencies and Threats of The Demographic Bonus on The Quality of

Human Resources and Economy in Indonesia 2019. Proceedings of The International Conference

on Data Science and Official Statistics, 2021(1), 856–867.

https://doi.org/10.34123/icdsos.v2021i1.154

Sesan, S. (2018). Investment and quality of human capital in economic development. Journal of

Economic and Development Studies. https://doi.org/https://doi.org/10.15640/jeds.v6n1a4

Sun, H. P., Sun, W. F., Geng, Y., & Kong, Y. S. (2018). Natural resource dependence, public education

investment, and human capital accumulation. Petroleum Science, 15(3), 657–665.

https://doi.org/10.1007/s12182-018-0235-0

Vandekinderen, C., Roets, G., Van Keer, H., & Roose, R. (2018). Tackling social inequality and

exclusion in education: from human capital to capabilities. International Journal of Inclusive

Education, 22(1), 1–20. https://doi.org/10.1080/13603116.2017.1362044

Yan, Y. (2019). Making accountability work in basic education: reforms, challenges and the role of the

government. Policy Design and Practice, 2(1), 90–102.

https://doi.org/10.1080/25741292.2019.1580131

Published
2022-12-20
How to Cite
Amala, I., Arrahmah, N., & Amalina, E. (2022). Educational Progress as a Booster of Economic Growth in Indonesia. Equity: Jurnal Ekonomi, 10(2), 1-11. https://doi.org/10.33019/equity.v10i2.116