• Title/Summary/Keyword: Economic Resources

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Human Capital, Technology, and Economic Growth: A Case Study of Indonesia

  • WIDARNI, Eny Lestari;BAWONO, Suryaning
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.29-35
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    • 2021
  • This study discusses the effect of human capital and technology on economic growth in Indonesia using annual time series data over the 35-year research period (1984-2019). This study uses an autoregressive distribution gap to the cointegration approach to understanding the relationship between human capital, technology, and economic growth. Human capital is inherent in humans and becomes capital in providing the best performance that has an impact on their own income. We use the human capital framework in this study where education is one mechanism to increase human capital. Based on the results of our estimation, we find that the increase in human capital using the education mechanism affects economic growth. This shows the role of human capital investment is very important in economic growth. Technology shows a significant positive effect on economic growth. Increasing human resources and technology are important factors in efforts to increase economic growth in Indonesia. Educational development is the key to the success of increasing human capital and technological development because education plays a role in improving the quality of human resources. Increasing human resources here is in the form of increased knowledge, mastery of technology, innovation, and the ability to develop technology to encourage technology development.

An Analysis on Mineral Resources Policies of China (중국 자원백서를 통한 광물.에너지자원 정책 분석)

  • Kim, You-Dong;Park, Hong-Soo;Kim, Seong-Yong;Heo, Chul-Ho
    • Economic and Environmental Geology
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    • v.41 no.1
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    • pp.151-163
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    • 2008
  • Since the country's opening to the world, China's rapid economic growth has resulted in strong demand for a wide variety of mineral commodities. During the same period, China's mineral production increased sharply. China's increased mineral production and demand affected the worldwide availability of minerals and metals, the market prices, and trade. Ministry of Land and Resources of China (MLR) planned to build as many as 10 strategic mineral reserve, including reserves of aluminium, copper, manganese, uranium, and other mineral that the country urgently needed. In white paper of China's mineral resources, China is planning the mineral resources conservation and its reasonable utilization, domestic supply increase of resources, activation of cooperative development with foreign partners, balance in resources development and environment conservation, and sustainable resources management as the mineral resources policies for the China's economic development.