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The Institution of Macroeconomic Measurement in Indonesia Before the 1980s

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  • Pierre van der Eng

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.

Suggested Citation

  • Pierre van der Eng, 2014. "The Institution of Macroeconomic Measurement in Indonesia Before the 1980s," CEH Discussion Papers 024, Centre for Economic History, Research School of Economics, Australian National University.
  • Handle: RePEc:auu:hpaper:024
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    File URL: https://www.cbe.anu.edu.au/researchpapers/CEH/WP201403.pdf
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    Cited by:

    1. van der Eng, Pierre, 2019. "Long-term Trends in Gross Domestic Expenditure in Indonesia: Provisional Estimates," CEI Working Paper Series 2018-19, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.

    More about this item

    Keywords

    national accounts; economic growth; Indonesia;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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