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All Journal Enrichment : Journal of Management
Tuti Eka Asmarani
Universitas Gunadarma, Depok, Indonesia
Economics, Econometrics & Finance

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Growth Accounting Model in Indonesia Tuti Eka Asmarani
Enrichment : Journal of Management Vol. 13 No. 2 (2023): June: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i2.1413

Abstract

Based on growth accounting model, economic growth can be approximated by capital accumulation, human capital, labor, and total factor productivity. In this study, total factor productivity as a residual. This study used World Bank Indicator data from 1990 to 2021. This study stated that capital and labor have positive impact to economic growth, although human capital has not impact to economic growth. Human capital has not impact in t period. This is because it needs lag to everyone in implement value from human capital investment.
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