Analysis of the Effect of Government Spending on the Quality of Islamic Human Resources from the Maqasyid Sharia Perspective: Empirical Evidence in OIC Developing Countries Sukran
Airlangga University
Abstract
The purpose of this study is to examine the impact of government spending on education and health on enhancing the quality of Islamic human resources in developing nations that are members of the OIC under maqasyid sharia. This study employs panel data and spans eight emerging nations (upper middle-income countries) from 2011 to 2020. The panel data model employed is the random effect model. The findings reveal that the variable of government spending on education does not affect the growth of Islamic human resource quality. Government health investment has a considerable beneficial impact on the development of human resources in OIC emerging nations. When examined concurrently, government investment in education and health has a considerable beneficial effect on Islamic human resource development. Thus, long-term and coordinated investment in these two areas can bring significant rewards in terms of boosting Islamic human resource quality. According to maqasyid sharia, government expenditure in these two areas can assist individuals in achieving goals such as defending religion, soul, mind, children, and property in order to attain Falah.
Keywords: Education Spending, Health Spending, Islamic Human Resources, Maqasyid Sharia
