The Relationship Between Human Capital Development and Economic Growth

• 발행기관: 한국유통과학회
• 저자명: Eny Lestari WIDARNI Regina Niken WILANTARI
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 8 No.6, 641~650쪽, 전체 10쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2021.06.30

영문 초록

This study aims to determine the behavior of education and health data in driving economic growth in Malaysia before the COVID-19 pandemic hit the world, namely, in the period from 2000 to 2019. This period was chosen to assess the behavior of data in the past so that it can be an indicator for decision-making for the future. To achieve this goal, the Quantitative Threshold Autoregressive method is used to predict data behavior so that the relationship between data can be seen in order to forecast economic growth when investing in health and education. This study focuses on secondary data sourced from the World Bank, including data on Malaysian gross domestic product, health investment in Malaysia and investment in education. We find that education and health are very important means of investing in human capital to drive economic growth. Education and health have the potential to be the two means of awakening and developing and restoring the economy during a pandemic and post-pandemic period. Education is a human resource development mechanism. However, education will be difficult to improve human performance without support from health. Education and health support each other in improving economic performance in Malaysia.

목차

1. Introduction

2. Literature Review

3. Research Methods and Materials

4. Results and Discussion

5. Conclusion

키워드

Human Capital Health Education Gross Domestic Product