The INFLUENCE OF PRODUCTION FACTORS TOWARD ECONOMIC GROWTH IN INDONESIA
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Abstract
Economic growth as a mesurement and reflect of the people prosperity. Employee production factor have a better contribution if to compare with capital and technology production factors on Indonesian economic growth. However, Indonesian workforce quality is lowest in ASEAN-5. The research methodology is using the Cobb-Douglas production function with the Ordinary Least Square (OLS), the using equation formulation: lnY = ln a + bi +e. This research using data is secondary data: production factors using data of progressing of FDI and domestic investment, source of the World Bank, 2004-2016; Employment is using data of progressing of Indonesia workforce, sourced from the Biro Pusat Statistik Republik Indonesia, 2004-2016. The research results show that influence of the production factors toward Indonesia economic growth is strongly. This researchs aim to knowledge a large the contribution of production factors on Indonesian Economic growth.
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References
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