Vector Analysis of Education,Health,and Agriculture in Australia

English

Abstract

This study examines the direction of the relationship between human capital and agriculture where education and health are indicators of human capital development in this study. For indicators of agricultural development, we focus on agriculture performance and employment in agriculture. This study uses vector analysis to see the direction of the relationsh ip between education investment, health investment, employment in agriculture and agriculture performance. The data used is secondary data with an annual period from 2000 to 2019. We found that the forecasting graphs of agricultural performance, health investment, and education investment appear to have an increasing trend but begin to tilt and tend to curve like a decline in growth. This shows that the stability of the performance of agriculture, education and health in Australia has entered a steady state. The decline in employment in agriculture indicates the use of technology is increasingly efficient so that the need for human resources is decreasing. However, the continued decline in employment in the services sector and the downward trend in the graph indicate a risk of labor shortages in the agricultural sector in Australia.