The Effect of Human Capital and Unemployment Rate on Economic Growth on the Island of Sumatra

International Journal of Economics and Management Studies

© 2021 by SSRG - IJEMS Journal

Volume 8 Issue 6

Year of Publication : 2021

Authors : Andreas Ramanda Putra, Ida Budiarty, Lies Maria Hamzah

10.14445/23939125/IJEMS-V8I6P107

How to Cite?

Andreas Ramanda Putra, Ida Budiarty, Lies Maria Hamzah, "The Effect of Human Capital and Unemployment Rate on Economic Growth on the Island of Sumatra," SSRG International Journal of Economics and Management Studies, vol. 8,  no. 6, pp. 48-52, 2021. Crossref, https://doi.org/10.14445/23939125/IJEMS-V8I6P107

Abstract:

This study aims to analyze the effect of human capital and the open unemployment rate on economic growth on the island of Sumatra. This type of research is quantitative, using the random effect (REM) method. The data used is annual secondary data between time series on the island of Sumatra in the period 2012-2019. The results showed that the variable school enrollment rate (APS) and life expectancy (AHH) had a positive and significant effect on economic growth on the island of Sumatra. Meanwhile, the open unemployment rate (TPT) has a negative and significant effect on economic growth on the island of Sumatra.

Keywords:

human capital, school enrollment rate, life expectancy, unemployment rate, economic growth

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