The Institution of Macroeconomic Measurement in Indonesia Before the 1980s
Pierre van der Eng
No 24, CEH Discussion Papers from Centre for Economic History, Research School of Economics, Australian National University
Abstract:
Macro-economic measurement goes back to the 17th century and became common practice in Western countries since the late-19th century. Since then, the growth and composition of some of the largest economies in Asia, particularly India and Japan, was also probed. And since the 1940s government agencies in many Asian countries were given responsibility for the development and implementation of consistent national accounting practices to assist in the planning of economic development. While this was in principle also the case in Indonesia in the 1950s, it took into the 1970s before consistent processes of macroeconomic measurement were put in place that facilitated the analysis of long-term economic growth. This paper asks why there was a delay. It finds that institutional discontinuities and limited resources prevented the establishment of consistent and well defined national accounting practices until the late-1970s.
Keywords: national accounts; economic growth; Indonesia (search for similar items in EconPapers)
JEL-codes: B41 E01 N15 O11 O47 (search for similar items in EconPapers)
Date: 2014-02
New Economics Papers: this item is included in nep-his, nep-hpe, nep-mac and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:auu:hpaper:024
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