ISSN: 2222-6990
Open access
Education is one of the long rung investments for human resource development. In other word, this element is one of the crucial indicator for human capital development in this country. Next, the other element to be explores i.e. the education budget funding and cost of the education sector between Malaysia and Indonesia as both presenting a developing country in ASIAN. Thus, the objective of this study is to identify the interaction between economic growth, budget funding and cost of education in Malaysia and Indonesia. This research investigated by using secondary data from the year of 2011 until the year of 2020. The analysis data in this study using multivariate statistical with apply multiple linear regression to compare the results between Malaysia and Indonesia. These findings indicate that education budget and GDP; and the cost of education and GDP has negative relationship. The findings for Malaysia indicate that education budget and GDP has a negative relationship while the cost of education and GDP has positive relationship. This finding of study is valuable for researchers and policy maker to design and development of education policy toward sustainable of economics for developing countries.
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(Arumugam et al., 2023)
Arumugam, R., Majid, M. Z. A., Omar, M., & Kamaruzaman, F. M. (2023). The Comparison Budget Funding and Cost of Education between Malaysia and Indonesia. International Journal of Academic Research in Business and Social Sciences, 13(12), 3762–3770.
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