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The Impact of Physical and Human Capital on The Economic Growth of Agricultural Sector in North Sumatra

Journal: THE INTERNATIONAL JOURNAL OF BUSINESS MANAGEMENT AND TECHNOLOGY (Vol.4, No. 2)

Publication Date:

Authors : ;

Page : 129-134

Keywords : Capital Expenditure; Education; Health; Employment; Economic Growth;

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Abstract

North Sumatra province is one of the provinces with major potential in the agricultural sector which is accounted for 16.60% in the gross domestic product (GDP) formation, it is necessary efforts so that the production of the agricultural sector can be maintained and improved. The purpose of this study is to analyze the effect of the agricultural sector capital expenditure (physical capital) and education, health, and labor (human capital) to economic growth in North Sumatra. The data used in this study are the panel data which are time series and cross section in 14 districts/cities in North Sumatra. The research using linear regression analysis method with fixed effect model. The analysis showed education, health, labor and agriculture sector capital spending has significant positive effect on economic growth as measured by the agricultural sector GDP.

Last modified: 2021-08-03 20:00:29