The sources of long-term economic growth in Indonesia, 1880-2008
AbstractThis 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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Bibliographic InfoArticle provided by Elsevier in its journal Explorations in Economic History.
Volume (Year): 47 (2010)
Issue (Month): 3 (July)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622830
Economic growth Growth accounting Factor accumulation Productivity Indonesia;
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Inequality: should developing countries be worried? An interview with Andrew Leigh MP
by Jonathan Pryke in Development Policy Blog on 2014-07-23 20:00:08
- Kevin HjortshÃ¸j O'Rourke & Agustin S. Benetrix & Jeffrey G. Williamson, 2012.
"The Spread of Manufacturing to the Periphery 1870-2007: Eight Stylized Facts,"
Economics Series Working Papers
617, University of Oxford, Department of Economics.
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- Bénétrix, Agustín & O'Rourke, Kevin H. & Williamson, Jeffrey G, 2012. "The Spread of Manufacturing to the Periphery 1870-2007: Eight Stylized Facts," CEPR Discussion Papers 9060, C.E.P.R. Discussion Papers.
- Williamson, Jeffrey G, 2011. "Industrial Catching Up in the Poor Periphery 1870-1975," CEPR Discussion Papers 8335, C.E.P.R. Discussion Papers.
- Angus Maddison & Pierre van der Eng, 2013. "Asia's role in the global economy in historical perspective," CEH Discussion Papers 021, Centre for Economic History, Research School of Economics, Australian National University.
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