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

Pierre van der Eng

doi:10.1016/j.eeh.2009.08.004

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

Pierre van der Eng^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

52 Citations (Scopus)

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.

Original language	English
Pages (from-to)	294-309
Number of pages	16
Journal	Explorations in Economic History
Volume	47
Issue number	3
DOIs	https://doi.org/10.1016/j.eeh.2009.08.004
Publication status	Published - Jul 2010

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AB - 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.

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KW - Productivity

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

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