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VOL. 9, ISSUE 1 (2024)
The role of human resource investment in increasing the human development index: Comparative study of Indonesia and Vietnam
Authors
Mega Amelia Putri, Hefrizal Handra, Efa Yonnedi
Abstract
The research aims to compare
human development progress in Indonesia and Vietnam during the 1990-2021
period. Independent difference tests and multiple linear regression were used
as the analysis method. The research results show that Vietnam has achieved
more rapid progress, with an average HDI growth of 1.22%, while Indonesia was
0.93%. Economic growth and government spending in the education and health
sectors are the two main factors that influence HDI. On average, Vietnam's
economic growth (6.662%) is higher and more significant than Indonesia's
(4.699%). Vietnam also has higher government spending in the education (4.623%
of GDP) and health (4.653% of GDP) sectors than Indonesia (3.152% and 2.898% of
GDP). This research highlights the gap in human development progress between
Indonesia and Vietnam. To accelerate HDI growth, Indonesia needs to increase
investment in human resources, especially in the education and health sectors.
This can be done by increasing the government budget, equalizing access to
services, carrying out educational reforms, and improving health services.
Indonesia can also learn from Vietnam's best practices in human resource
investment. This research makes a significant contribution to improving human
development in Indonesia.
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Pages:6-13
How to cite this article:
Mega Amelia Putri, Hefrizal Handra, Efa Yonnedi "The role of human resource investment in increasing the human development index: Comparative study of Indonesia and Vietnam". International Journal of Advanced Education and Research, Vol 9, Issue 1, 2024, Pages 6-13
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