Strategy for Strengthening the Knowledge Economy Through the Human Development Index in Indonesia
Abstract
The objective of this research is to examine strategies for strengthening the knowledge economy through the human development index and the number of employed people in Indonesia. Indonesia's human development index is of moderate quality, and therefore, efforts must be made to improve it through the knowledge economy. Meanwhile, the number of employed people in Indonesia still requires significant time in Indonesia. The research method uses panel data regression estimation with a dummy variable least squares regression approach with interaction effects to measure the influence of the knowledge variables used on the human development index. Meanwhile, for the number of employed people, generalized least squares is used. The results of the study prove that the Human Development Index is capable and has a positive and significant effect on the knowledge variables, namely education, technology, innovation, and institutions. Technology has the highest coefficient on the human development index compared to other variables such as education, innovation, and institutions. Meanwhile, looking at the knowledge variables used for the number of employed people, such as education, technology, innovation, and institutions, although each number is small, it is still positive and significant. Ultimately, the quality of human resources through the human development index and the number of employed people in Indonesia will be one of the most important resources in Indonesia.References
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Amirat, A., Zaidi, M. (2020). Estimating GDP Growth in Saudi Arabia Under the Government’s Vision 2030: a Knowledge-based Economy Approach. Journal of Knowledge Economy. 11, 1145–1170. https://doi.org/10.1007/s13132-019-00596-2
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Barkhordari, S., Fattahi, M. & Azimi, N.A. (2019). The Impact of Knowledge-Based Economy on Growth Performance: Evidence from MENA Countries. J Knowl Econ. 10, 1168–1182. https://doi.org/10.1007/s13132-018-0522-4
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Dima, M. D., et al. (2018). The Relationship between the Knowledge Economy and Global Competitiveness in the European Union. Sustainability. MDPI
Euginia, D.M. (2024). Analyzing the Role of Knowledge Workers: a Comparison between Peter Drucker's Vision and Current Reality. International Journal of Social Science and Economic Research.09(10):4368-4381.DOI:10.46609/IJSSER.2024.v09i10.02
Falah B.Z., Mustafid, Sudarno. (2016). Model Regresi Data Panel Simultan Dengan Variabel Indeks Harga Yang Diterima Dan Yang Dibayar Petani. Jurnal Gaussian, vol. 5, no. 4, pp. 611-621. DOI: https://doi.org/10.14710/j.gauss.5.4.611-621
Hadad. S. (2017). Knowledge Economy: Characteristics and Dimensions. Management Dynamics in the Knowledge Economy. Vol.5 (2017) no.2. pp.203-225; DOI:10.25019/MDKE/5.2.03
Nurunnabi, M. (2017). Transformation from an Oil-based Economy to a Knowledge-based Economy in Saudi Arabia: the Direction of Saudi Vision 2030. J Knowl Econ 8. 536–564 (2017). https://doi.org/10.1007/s13132-017-0479-8
Parcero, O.J., Ryan, J.C. (2017). Becoming a Knowledge Economy: the Case of Qatar, UAE, and 17 Benchmark Countries. J Knowl Econ 8. 1146–1173 (2017). https://doi.org/10.1007/s13132-016-0355-y
Irawan, Andi., Akbar, Ali (2022). Pengaruh Pertumbuhan Ekonomi terhadap Indeks Pembangunan Manusia di Provinsi Sumatera Selatan Tahun 2016-202. Jurnal KLASSEN
Litriani, Endah. (2021). Estimasi Nilai Ekonomi Kawasan Wisata Religius Makam Kawah Tengkurep dengan Pendekatan TCM dan CVM.
Hill, H, (2021). What's Happened to Poverty and Inequality in Indonesia over Half a Century?. Asian Development Review. MIT Press. vol. 38(1), pages 68-97. March
Wooldridge, J. M. (2016). Introductory econometrics: A modern approach. Six Edition. International Student Edition. 20 Channel Center Street, Boston, MA 02210, USA. Cengage Learning.
Published
2025-08-11
How to Cite
Nizar, N. I., Nazir, A., & Juanda, A. (2025). Strategy for Strengthening the Knowledge Economy Through the Human Development Index in Indonesia. Kontigensi : Jurnal Ilmiah Manajemen, 13(1), 637 - 650. https://doi.org/10.56457/jimk.v13i1.816
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