ROLE THE PUBLIC SECTOR IN ACCUMULATION OF HUMAN CAPITAL AND CAPACITY RESEARCH & DEVELOPMENT

In the theory of economic growth, sources of economic growth, sources of growth - comes from the ability of a country in developing potential resources. Quality and the greater the higher the quality of resources, it also has a greater potential to increase a country's economic growth. Factors that are important in sources of growth are natural resources, capital, saving, and development of technology. Property natural resources would help the economy of a country, although not enough if not supported by the skill of exploration for natural resources.

Both capital and saving is also a factor of production as the dominant element of economic growth for the future. Similarly, the development of technology can be widely accepted as a source of economic growth. This is because the technology that allows for manufacturers to produce more with the same input level. The development of technology depends on the ability of science and the quality of education of a country and how much attention on research and development.

Results of empirical studies of economic growth showed that the relationship is strong economic development of a country with a capacity of human capital the country. However, the dynamic relationship between economic growth with human capital and research & development can be explained since the 1980 when Romer and Lucas describe the relationship with the growth model endogenous or new growth theory.

In this paper will try to explain briefly the history of development of the economics of growth theory and briefly review the core of neoclassical model and endogenous growth models. Then, this paper will explain the role of accumulation of human capital and research & development in the economic development. Finally, this paper will review the role of the public sector and policy implications in the process of accumulation of human capital and investment of R & D to contribute to economic growth.

Summary paper in Indonesia language.

Complete paper in Indonesia language

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NonLinier Estimation using OLS and Max Likelihood

Paper will report the results experiment model nonlinear to estimate production function Cobb-Douglas and CES using the Least Square method Nonlinear and Non-Linier Maximum Likelihood. Model estimation method linier used non-conventional approach Algorithm Gause-Newton; Rhapson-Newton, Levenberg-Marquardt; Berndt, Hall, Hall & Hausman or the quadratic Hill-Climbing. In this paper will describe the approach. Monte Carlo simulation is used to guarantee the results Robusness estimates. Computing used MATLAB.

Download if you want to complete any posts [Non Linier.pdf] dan [Lampiran]

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Ordinary Least Square Estimation in Linier Model and Monte Carlo Simulation

Ordinary Least Square Estimation in Linier Model and Monte Carlo Simulation. In general methods of estimation in Model Linier used OLS (Ordinary Least Square) or ML (Maximum Likelihood). In this Paper describes theoretically how the estimate methods are. Monte Carlo simulation is used to guarantee the results robusness estimates. Computing used MATLAB. Econometric. Ekonometrik

Download if you want to get the full paper: (1)cover.pdf; (2)daftar-isi.pdf; (3)isi.pdf

Keyword: Econometric, Ekonometrik, Estimation, MATLAB, Maximum Likelihood, Monte Carlo, OLS, Ordinary Least Square, Simulasi, Simulation.

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New Keynesian Macroeconomics Model for Indonesia

In the recent years many academic interested in New Keynesian Small Macroeconomic model that is developed in the mid of 90's as a response from Lucas Critique on macroeconomic Keynesian (IS-LM) in early 80's. Repairs carried out on Keynesian model with a base to build models based on micro foundation (house hold and firm optimization) and incorporate aspects of rational expectation.

In the beginning New Keynesian Small Macroeconomic model was built for a closed economy model for the small country (in the sense that the influence of a small country of the world economy). Then around the beginning of the year 2000’s model developed for the open economy. Main core (standard model) this New Keynesian Small Macroeconomic model is the three equation such as; the aggregate demand equation (which was formed from the optimization intertemporal consumption of house hold); the aggregate supply (which was formed Maximization of discounted future profit company); and the rule of Monetary (Taylor rule).

At this time the researchers continue to develop based on the standard model with a special specifications are: the aggregate supply; add capital factors; add a factor in oil prices. Similarly, many models have been used by the Central Bank in some countries and used by the IMF as forecasting and policy analysis system Model (FPAS) to evaluate the macroeconomic state of the member-countries.

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