P. Eko Prasetyo, Andryan Setyadharma, Nurjannah Rahayu Kistanti
Gaps in economic power have resulted in increasingly prominent inequality, thus requiring quality economic growth and good business competitiveness. The purpose of this study is to explain the important role of human capital and social capital as entrepreneurial capital competencies in promoting economic growth and business competitiveness. Coss-sectional data are used as the main material. Quantitative and qualitative material was collected from 125 representative samples of entrepreneurial households. The analysis model uses single and multiple recursive path analysis. The results of a single track model study show; a positive and significant increase in business competitiveness is influenced by factors; economic institutions, employment opportunities, economic growth, human capital and social capital. Meanwhile, social networking factors have a negative and significant effect on business competitiveness. In the dual track model, the contribution of human resource competencies is the main driver of quality economic growth, and the contribution of social capital competencies is a major determinant in enhancing entrepreneurial competitiveness. The recommended policy implications for reducing inequality and inequality require policies to improve the quality of economic growth and business competitiveness through enhancing human resource competencies and entrepreneurial social capital competencies as key drivers and determinants. © IJSTR 2020.
Faculty of Economics, Universitas Negeri Semarang, Indonesia
