The Impact of Human Capital and Corruption on ICOR in ASEAN Countries

This study aims to analyze the effect of Capital-Labor Ratio, Mean Years Schooling, Corruption Perception Index, FDI GFCF and Trade Openness on Incremental Capital-Output Ratio (ICOR) as a measure investment efficiency in 8 ASEAN countries. The results this indicate that Capital per Worker, have significant ICOR Countries. While Schooling no Suggestions create countries are maintain select growth worker by recognizing increasing capital-intensive sector is critical with large spillover economy, quantity quality education, eradicating corruption, flows country's competitiveness through creation conducive business climate providing various monetary fiscal incentive, lowering export trade barriers, attempting limit substitute imported consumptive high-dependence products developing producing them domestically.