The sources of long-term economic growth in Indonesia, 1880-2008

Pierre van der Eng

Explorations in Economic History, 2010, vol. 47, issue 3, 294-309

Abstract: This paper presents new time series estimates of GDP, capital stock and education-adjusted employment, and uses a growth accounting approach to analyze GDP growth during 1880-2008. The growth of capital stock, employment and educational attainment explained almost all of GDP growth. During key growth periods 1900-29 and 1975-97, Total Factor Productivity (TFP) growth was on balance negative. TFP growth was substantial during some sub-periods, particularly 1933-41, 1951-61, 1967-74 and 2000-08. Each followed a major economic downturn that slowed capital stock growth and required a more efficient use of productive resources, supported by changes in economic policy that enhanced productivity and efficiency.

Keywords: Economic; growth; Growth; accounting; Factor; accumulation; Productivity; Indonesia (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:exehis:v:47:y:2010:i:3:p:294-309

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