The real domestic product of Indonesia, 1880–1989

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Abstract

The article scrutinizes the existing estimates of domestic output in Indonesia and presents an alternative series of annual data for the period 1880–1989. Although the presented results are rudimentary, the article concludes that per capita domestic product increased by 1.5% per year during 1900–1929. It suggests that the acceleration was to a large extent due to the improvement of domestic transport infrastructure. For several reasons the country lost momentum between 1942–1967, until the rise of international oil prices triggered an unprecedented phase of economic growth in the years 1973–1989, during which per capita domestic output increased by 3.8% per year.

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    I am very grateful to Angus Maddison and Eddy Szirmai for their comments on a previous version of this article.

    1

    National Institute of Economic and Social Research

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