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Human capital and Indonesia's economic development

Raya, Umbu; Suryadarma, Daniel


Studies of countries´┐Ż growth trajectories indicate that a key factor in managing the transition from middle-income living standards to high-income ones has been human capital formation. A 50-country study by Hanushek and Woessmann (2008) found that, controlling for GDP per capita and levels of schooling in 1960, those countries with higher skills experienced per capita income growth rates that averaged two percentage points higher over the next 40 years. They also found that skills, as measured...[Show more]

CollectionsANU Research Publications
Date published: 2013
Type: Book chapter
Book Title: Human Capital Formation and Economic Growth in Asia and the Pacific
DOI: /10.4324/9780203778739-16


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