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The Growth and Development of the Indonesian Economy

Author

Listed:
  • Stephen Elias

    (Reserve Bank of Australia)

  • Clare Noone

    (Reserve Bank of Australia)

Abstract

The Indonesian economy has recorded strong growth over the past few decades, and in recent years the firm pace of economic expansion has been accompanied by reduced output volatility and relatively stable inflation. Indonesia’s economic performance has been shaped by government policy, the country’s endowment of natural resources and its young and growing labour force. Alongside the industrialisation of its economy, Indonesia’s trade openness has increased over the past half century. As a near neighbour, Australia has long had significant trade ties with Indonesia.

Suggested Citation

  • Stephen Elias & Clare Noone, 2011. "The Growth and Development of the Indonesian Economy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 33-43, December.
    • Handle: RePEc:rba:rbabul:dec2011-04
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2011/dec/pdf/bu-0911-4.pdf
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    Citations

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    Cited by:

    1. Snopkowski, Kristin & Sear, Rebecca, 2015. "Grandparental help in Indonesia is directed preferentially towards needier descendants: A potential confounder when exploring grandparental influences on child health," Social Science & Medicine, Elsevier, vol. 128(C), pages 105-114.
    2. Khobai, Hlalefang & Mbeki, Zizipho Mihlali, 2018. "Health and economic growth in Vista countries: An ARDL bounds test approach," MPRA Paper 89868, University Library of Munich, Germany.
    3. Mosquera, Roberto, 2022. "The long-term effect of resource booms on human capital," Labour Economics, Elsevier, vol. 74(C).
    4. Barli Suryanta & Arianto A. Patunru, 2023. "Determinants of Foreign Direct Investment in Indonesia," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(1), pages 109-131, January.
    5. Prayudhi Azwar & Rod Tyers, 2015. "Indonesian Macro Policy through Two Crises," CAMA Working Papers 2015-16, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Chen, Joyce J. & Pitt, Mark M., 2017. "Sources of change in the demand for energy by Indonesian households: 1980–2002," Energy Economics, Elsevier, vol. 61(C), pages 147-161.

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