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Recent Indonesian Economic Development and the Urgent Need to Remove Key Growth Obstacles

Author

Listed:
  • Arianto A. Patunru

    (Arndt-Corden Department of Economics, Australian National University and Institute for Economic and Social Research, University of Indonesia (LPEM-FEUI))

  • Tarsidin

    (Institute for Economic and Social Research, University of Indonesia (LPEM-FEUI))

Abstract

Turbulence has been the hallmark of the course of Indonesian economic growth. Indonesia was dubbed a “chronic drop-out” in economic performance in 1968, but it then immediately embarked on a growth spurt. Just as accolades to Indonesia's economic pragmatism and economic orthodoxy were reaching a new height, Indonesia's economy shattered during the Asian financial crisis of 1997–99. Indonesia has once again risen phoenix-like from that disaster, and the bounce back has been resilient in the face of the 2008 global financial crisis. Despite the commendable progress, however, its growth seems to be hindered. Indonesia must now tackle the two most important constraints to its continued high growth: logistics and infrastructure. © 2012 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

Suggested Citation

  • Arianto A. Patunru & Tarsidin, 2012. "Recent Indonesian Economic Development and the Urgent Need to Remove Key Growth Obstacles," Asian Economic Papers, MIT Press, vol. 11(3), pages 57-77, Fall.
    • Handle: RePEc:tpr:asiaec:v:11:y:2012:i:3:p:57-77
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    File URL: http://www.mitpressjournals.org/doi/pdf/10.1162/ASEP_a_00164
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    Citations

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    Cited by:

    1. 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.
    2. Mutiara Fahmi & Sahara & Yeti Lis Purnamadewi, 2020. "The Impact of Disparity in Infrastructure Development on Aceh’s Economic Performance: An Inter-Provincial Analysis," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 66, pages 141-156, Desember.
    3. Prayudhi Azwar & Rod Tyers, 2016. "Post-GFC external shocks and Indonesian economic performance," CAMA Working Papers 2016-58, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    More about this item

    Keywords

    Indonesia; economic growth; infrastructure; logistics;
    All these keywords.

    JEL classification:

    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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