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The Impact of Physical and Human Capital on the Economic Growth of Agricultural Sector in South Sumatera

Author

Listed:
  • Syamsurijal Abdul Kadir

    (Universitas Sriwijaya, Fakultas Ekonomi, Palembang, Indonesia,)

  • Azwardi

    (Universitas Sriwijaya, Fakultas Ekonomi, Palembang, Indonesia,)

  • Rulyanti Susi Wardhani

    (Universitas Bangka Belitung, Fakultas Ekonomi, Pangkalpinang, Indonesia,)

  • Nurkardina Novalia

    (Universitas IBA, Fakultas Ekonomi, Palembang, Indonesia,)

  • Ahmad Maulana

    (Universitas Sriwijaya, Fakultas Ekonomi, Palembang, Indonesia.)

Abstract

South Sumatra province is one of the provinces with major potential in the agricultural sector which is accounted for 16.60% in the gross domestic product (GDP) formation, it is necessary efforts so that the production of the agricultural sector can be maintained and improved. The purpose of this study is to analyze the effect of the agricultural sector capital expenditure (physical capital) and education, health, and labor (human capital) to economic growth in South Sumatra. The data used in this study are the panel data which are time series and cross section in 14 districts/cities in South Sumatra. The research using linear regression analysis method with fixed effect model. The analysis showed education, health, labor and agriculture sector capital spending has significant positive effect on economic growth as measured by the agricultural sector GDP.

Suggested Citation

  • Syamsurijal Abdul Kadir & Azwardi & Rulyanti Susi Wardhani & Nurkardina Novalia & Ahmad Maulana, 2018. "The Impact of Physical and Human Capital on the Economic Growth of Agricultural Sector in South Sumatera," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 322-326.
    • Handle: RePEc:eco:journ1:2018-04-40
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. A. Z. Nowak & Gangadhar Dahal, 2016. "The contribution of education to economic growth: Evidence from Nepal," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 5(2), pages 22-41, June.
    3. Gangadhar Dahal, 2016. "The contribution of education to economic growth: Evidence from Nepal," Proceedings of International Academic Conferences 3606124, International Institute of Social and Economic Sciences.
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    Cited by:

    1. Blessing Ropafadzo Chigunhah & Ezekia Svotwa & Gerald Munyoro & Tendai J. Mabvure & Ignatius Govere, 2020. "Private Capital Formation Activities and Bank Credit Access Among Farmers in Zimbabwe," International Journal of Economics and Financial Issues, Econjournals, vol. 10(3), pages 225-235.
    2. Zata Hasyyati & Sahara Sahara, 2020. "The Composition of Human Capital and Economic Growth: Evidence from Aceh and West Papua Provinces, Indonesia," International Journal of Economics and Financial Issues, Econjournals, vol. 10(2), pages 132-142.

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    More about this item

    Keywords

    Capital Expenditure; Education; Health; Employment; Economic Growth;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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