Anjar Priandoyo

Catatan Setiap Hari

Berbeda sudut pandang

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Perspective 1
“…The year 2013 was replete with changes and challenges for the Indonesian economy. While a range of structural issues had yet to be resolved, changes in global economic conditions during 2013 brought with them new threats to macroeconomic stability and the sustainability of economic growth. The policy mix pursued by Bank Indonesia and the Government successfully steered the economy towards a more balance growth and restored macroeconomic stability. Looking ahead, Indonesia’s economic outlook is expected to improve, despite the various risks that call for anticipatory measures. In 2014, Bank Indonesia policy will remain focused on maintaining macroeconomic stability. These efforts, however, still need support from accelerated structural reforms with the objective of pursuing sustainable economic growth…”
BI, 2013

“…The economy of Indonesia posted 5.0% growth in 2014, which exceeds the average achieved by ASEAN 5 at 4.7%. In line with economic moderation, unemployment increased slightly but poverty was still alleviated due to controlled inflation…”
BI, 2014

“…Global economic dynamics marked by continued weakness in the world economy and a drop in capital flows to emerging market countries in 2015 put pressures on domestic economic growth. Congruously, the subsequent domestic economic moderation had an adverse effect on unemployment and welfare. In response to such conditions, an instituted range of policies to maintain macroeconomic stability and boost economic growth. Consistent with the policy response, risks in the economy were mitigated and confidence was restored, leading to gains in economic momentum during the second half of the year…”
BI, 2015

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Perspective 2

  • Large parts of growth have been driven by the services sector
  • Weak non-commodity exports have been a key characteristic of Indonesia’s growth since the AFC
  • In terms of patterns of expenditure, private consumption has provided the largest single contribution to GDP growth since 2002
  • Strong aggregate economic growth has not led to strong reductions in poverty
  • Job creation has been limited and restricted to informal jobs in agriculture and services
  • Concentration of growth in Java and Bali has continued (Jawa-Bali = 62% GDP)
  • It is hard to attract foreign investment and unlock technology transfer owing to weak public investment in infrastructure and poor social indicators
  • The ‘endogenous growth model’ specifies that the sustainability of long-run growth depends on technology, knowledge externalities, and innovation

http://www.opml.co.uk/sites/default/files/Growth%20in%20Indonesia_Drivers%20of%20recent%20economic%20growth.pdf

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Written by Anjar Priandoyo

Januari 26, 2017 pada 2:24 pm

Ditulis dalam Science

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