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The influence of macroeconomic variables, processing industry, and education services on economic growth in Indonesia

Author

Listed:
  • Nano Prawoto

    (Muhammadiyah University of Yogyakarta, Indonesia)

  • Agus Tri Basuki

    (Muhammadiyah University of Yogyakarta, Indonesia)

Abstract

This study aims to look at the effect of Human Development Index (HDI), consumption, investment, and imports on economic growth in Indonesia and especially in the Province of Yogyakarta from 2010 to 2018. The research model used was panel data. The findings showed that HDI had a negative influence on economic growth. This happens because the education fee and health costs are expensive in Indonesia. Other findings implied that the number of imported goods did not have an influence on economic growth in the Special Province of Yogyakarta. Therefore, this issue needs to be studied seriously since it will have an impact on unemployment.

Suggested Citation

  • Nano Prawoto & Agus Tri Basuki, 2020. "The influence of macroeconomic variables, processing industry, and education services on economic growth in Indonesia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 1029-1040, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:1029-1040
    DOI: 10.9770/jesi.2020.8.1(69)
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    Cited by:

    1. Carla Henriques & Ana Matos & Madalena Malva & Elena Bartkiene & Ilija Djekic & Monica Tarcea & Marijana Matek Sarić & Maša Černelič-Bizjak & Veronika Dolar & Ayman El-Kenawy & Vanessa Ferreira & Dace, 2022. "Marketing motivations influencing food choice in 16 countries: segmentation and cluster analysis," Post-Print hal-03121000, HAL.

    More about this item

    Keywords

    Human Development Index; consumption; investment; imports; economic growth;
    All these keywords.

    JEL classification:

    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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