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Neoclassical Growth Model Application To The Analysis Of Human Capital For Regional Development

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  • Abdhy Aulia Adnans

    (University of Sumatera Utara, Indonesia)

  • Iskandar Muda

    (University of Sumatera Utara, Indonesia)

Abstract

Human resource development has a strategic meaning for the development progress of a nation. Countries that succeed in its national development factually give great attention to human resource development. Some studies suggest the importance of externalities and human resources factors to spur economic growth. The indications of human resources have a role in smoothing the process of technology transfer and creation, the idea that high investment in human capital is a prerequisite that must be done in advance, in the process of economic growth, to support investment in physical capital. This paper aims to discuss the neoclassical growth model providing a basis for understanding the differences among the interregional growth related factors that affected of different growth in economic development.

Suggested Citation

  • Abdhy Aulia Adnans & Iskandar Muda, 2018. "Neoclassical Growth Model Application To The Analysis Of Human Capital For Regional Development," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 6(4), pages 1-13.
    • Handle: RePEc:ejn:ejefjr:v:6:y:2018:i:4:p:1-13
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    References listed on IDEAS

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    1. Iskandar Muda, 2017. "Role of Dividend of Power to Buy Shares in Companies in Indonesia Stock Exchange," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(2), pages 41-47, June.
    2. Rebecca Bradley & Joshua S. Gans, 1998. "Growth in Australian Cities," The Economic Record, The Economic Society of Australia, vol. 74(226), pages 266-278, September.
    3. Iskandar Muda & Hasnaini Ridha, 2018. "Effect of Revenue and General Allocation Fund of Capital Expenditures in the Economic Growth as Moderator Variable. Case of Indonesia," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(1), pages 29-39, March.
    4. Nurzaimah & Rasdianto & Iskandar Muda, 2014. "Analysis on the Timeliness of the Accountability Report by the Treasurer Spending in Task Force Units in Indonesia," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(4), pages 176-190, October.
    5. Sjoholm, Fredrik, 1999. "Productivity Growth in Indonesia: The Role of Regional Characteristics and Direct Foreign Investment," Economic Development and Cultural Change, University of Chicago Press, vol. 47(3), pages 559-584, April.
    6. Muda, Iskandar, 2017. "Erception of capital, profit and dividends affect the stock purchase intention in Indonesia public company," MPRA Paper 83588, University Library of Munich, Germany.
    7. Isfenti Sadalia & Linda T. Maas & Joiverdia & Iskandar Muda, 2017. "The Strengthening of Development Capital and Governance towards Sustainable Livelihood in Coastal Areas of Medan," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(3), pages 12-18, September.
    8. Iskandar MUDA, 2017. "User Impact of Literacy on Treatment Outcomes Quality Regional Financial Information System," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(2), pages 307-326, June.
    9. Ela Mahdaleta & Iskandar Muda & Gusnardi Muhammad Nasir, 2016. "Effects of Capital Structure and Profitability on Corporate Value with Company Size as the Moderating Variable of Manufacturing Companies Listed on Indonesia Stock Exchange," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(3), pages 30-43, September.
    10. repec:bla:ecorec:v:74:y:1998:i:226:p:266-78 is not listed on IDEAS
    11. Iskandar Muda, 2017. "Perception Of Capital, Profit And Dividends Affect The Stock Purchase Intention In Indonesia Public Company," Junior Scientific Researcher, SC Research Publishing SRL, vol. 3(1), pages 9-18, May.
    12. Nury Effendi & Femmy Soemantri, 2003. "Foreign Direct Investment And Regional Economic Growth In Indonesia: A Panel Data Study," Working Papers in Economics and Development Studies (WoPEDS) 200305, Department of Economics, Padjadjaran University, revised Jul 2003.
    13. Muda, Iskandar, 2017. "Perception of capital, profit and dividends affect the stock purchase intention in Indonesia public company," MPRA Paper 83658, University Library of Munich, Germany.
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    Cited by:

    1. Huang, Juan & Rangkakulnuwat, Poomthan, 2024. "Does years of schooling matter for economic growth at different development levels? New evidence from China," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 75, pages 5-32.

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