Investing in Quality Labor Over Physical Capital Boosts East Java Economy.
The study looked at how to boost economic growth in East Java's manufacturing sector. By analyzing the productivity of labor and capital, it was found that investing in improving the quality of labor is more beneficial for growth than increasing physical capital. This is because labor is the most productive factor in production, while capital is not yet at its optimal level. The findings suggest that focusing on improving the quality of labor is crucial for the region's economic development.