Dampak GFCF, HDI, dan R&D terhadap Pertumbuhan Ekonomi Negara G20
DOI:
https://doi.org/10.37985/jer.v5i4.1974Keywords:
Pertumbuhan Ekonomi, Research dan Development, GFCF, HDI, Two-Step System GMMAbstract
Penelitian ini bertujuan untuk menganalisis pengaruh dari Research dan Development, Human Development Index (HDI), Jumlah Hak Paten, Labor Force, dan Gross Fixed Capital Formation (GFCF) terhadap Pertumbuhan Ekonomi di negara anggota G20. Group of Twenty (G20) mencakup negara-negara yang menyumbang delapan puluh persen dari total PDB secara global, tujuh puluh lima persen dari total volume perdagangan global, dan enam puluh persen dari total populasi dunia. Data penelitian yang dimanfaatkan dalam penelitian ini adalah data sekunder yang didapatkan melalui akses terhadap website World Bank dan UNESCO menggunakan rentang waktu 1999 – 2019. Proses pengolahan data memanfaatkan analisis two-step System Generalized Method of Moments (Sys GMM). Hasil temuan yang didapatkan setelah pengolahan data menunjukkan bahwa variabel research dan development, jumlah hak paten, dan labor force belum memiliki pengaruh positif yang signifikan terhadap pertumbuhan ekonomi pada negara anggota G20 dengan taraf nyata lima persen. Variabel Pertumbuhan Ekonomi sebagai variabel dependen mempunyai lag pertama yang berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi pada taraf nyata lima persen. Sementara itu, variabel Human Development Index (HDI) dan Gross Fixed Capital Formation (GFCF) menunjukkan pengaruh positif yang signifikan terhadap pertumbuhan ekonomi negara anggota G20 pada taraf nyata lima persen.
Downloads
References
Bayarcelik, E. B., & Tasel, F. (2012). Research and Development: Source of Economic Growth . Social and Behavioral Sciences, 744-753.
Blanco, L., Prieger, J., & Gu, J. (2016). The Impact of Research and Development on Economic Growth and Productivity in The US States. Southern Economic Journal 82 (3), 914-934.
Borjas, G. J. (2016). Labor Economics (Seventh Edition). New York: McGraw-Hill.
Bronzini, R., & Piselli, P. (2006). Determinant of Long-Run Regional Productivity: The Role of R&D, Human Capital, and Public Infrastructure. Bank of Italy Discussion Paper No. 597.
Griliches, Z. L. (1984). R&D and Productivity Growth at The Industry Level: Is There Still a Relationship? In Griliches (ed). In R&D, Patents, and Productivity. Chicago: NBER and Chicago University Press.
Grossman, G., & Helpman, E. (1994). Endogenous Innovation in The Theory of Growth. The Journal of Economic Perspective, 23-44.
Inglesi-Lotz, R., & Pouris, A. (2013). The Influence of Scientific Research Output of Academics on Economic Growth in South Africa: An Autoregressive Distributed Lag (ARDL) Application. Scientometrics 95 (1), 129-139.
Khaliq, A. (2020). Peran Riset dan Pengembangan (R&D) Akademik Terhadap Pertumbuhan Ekonomi. Jurnal Ekonomi Kuantitatif Terapan 13 (1), 115-132.
Mankiw, N. G. (2006). Makroekonomi Edisi Keenam. Jakarta: Penerbit Erlangga.
Maradana, R. P., Pradhan, R. P., Dash, S., Gaurav, K. J., & Chatterjee, D. (2017). Does Innovation Promote Economic Growth? Evidence From European Countries. J. Innov. Entrep. 6 (1), 1-23.
OECD. (2023). Investment (GFCF) Indicator. doi: 10.1787/b6793677.
OECD. (2009). Measuring Capital - OECD Manual 2009: Second Edition. OECD Publishing. Paris: https://doi.org/10.1787/9789264068476-en.
Onyinye, N., O.S.Idenyi, & Ifenyiwa, A. (2017). Effect of capital formation on economic growth in Nigeria. Asian Journal Economic Business Accounting, 5(1), 1-16.
Rahman, R. A., Raja, M. A., & Ryan, C. (2020). The Impact Of Human Development On Economic. Economics Research Network (ERN).
Romer, P. M. (1990). Endogenous Technological Change. Journal of Political Economy, 98(5), 71-102.
Sesay, B., Yulin, Z., & Wang, F. (2018). Does The National Innovation System Spur Economic Growth in Brazil, Russia, India, China and South Africa Economies? Evidence From Panel Data. S.Afr. J. Econ. Manage. Sci 21 (1), 1-12.
Sultana, T., Dey, S. R., & Tareque, M. (2022). Exploring the linkage between human capital and economic growth: A look at 141 developing and developed countries. Economic Systems, 101-107.
Topcu, E., Altinoz, B., & Aslan, A. (2020). Global evidence from the link between economic growth, natural resources, energy consumption, and gross capital formation. Resources Policy, 1-10.
World Bank. (2023). World Bank Data. https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS.
Wu, Y. (2010). Innovation and Economic Growth in China. Nedlands, W.A. University of Western Australia, Business School, Economic Working Paper No10.10.
Zaman, M., Pinglu, C., Hussain, S. I., Ullah, A., & Qian, N. (2021). Does regional integration matter for sustainable economic growth? Fostering the role of FDI, trade openness, IT exports, and capital formation in BRI Countries. Heliyon, 1-10.
Downloads
Published
How to Cite
License
Copyright (c) 2024 Muhammad Ilham, Fajri Muharja
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the works authorship and initial publication in this journal.Â
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journals published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
