Growth Accounting Model in Indonesia
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Jun 29, 2023
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Abstract
Based on growth accounting model, economic growth can be approximated by capital accumulation, human capital, labor, and total factor productivity. In this study, total factor productivity as a residual. This study used World Bank Indicator data from 1990 to 2021. This study stated that capital and labor have positive impact to economic growth, although human capital has not impact to economic growth. Human capital has not impact in t period. This is because it needs lag to everyone in implement value from human capital investment.
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How to Cite
Asmarani, T. E. (2023). Growth Accounting Model in Indonesia. Enrichment : Journal of Management, 13(2), 1372-1377. https://doi.org/10.35335/enrichment.v13i2.1413
References
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Cette, G., Devillard, A., & Spiezia, V. (2022). Growth Factors in Developed Countries: A 1960–2019 Growth Accounting Decomposition. Comparative Economic Studies, 64(2), 159–185. https://doi.org/10.1057/s41294-021-00170-3
Crafts, N., & Woltjer, P. (2021). Growth Accounting in Economic History: Findings, Lessons and New Directions. Journal of Economic Surveys, 35(3), 670–696. https://doi.org/10.1111/joes.12348
del Río, F., & Lores, F. X. (2021). Accounting for U.S. economic growth 1954–2017. Economic Modelling, 101, 1–48. https://doi.org/10.1016/j.econmod.2021.105529
EViews Software. (2022). EViews 12 Student Version Lite. https://www.eviews.com/
Gong, B. (2020). New Growth Accounting. American Journal of Agricultural Economics, 102(2), 641–661. https://doi.org/10.1002/ajae.12009
Grandes Kerlleñevich, M., & Frizzera, F. (2020). Growth Accounting in the Dominican Republic 1990-2018: New Evidence. Revista de Economía Del Caribe, 0(0).
Haque, M. I. (2019). Growth accounting for Saudi Arabia. Asian Economic and Financial Review, 9(6), 691–701. https://doi.org/10.18488/journal.aefr.2019.96.691.701
Jefferson, G. H. (2016). Growth Theory and Growth Accounting: Reformulating Our Understanding of Growth. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2833576
Mahmoudi, M. (2021). Identifying the Main Factors of Iran’s Economic Growth Using Growth Accounting Framework. European Journal of Business and Management Research, 6(5), 239–245. https://doi.org/10.24018/ejbmr.2021.6.5.1099
Malik, M. A., & Masood, T. (2020). Analysis of Growth Accounting and Convergence in MENA Countries: Panel Cointegration Approach. South Asian Journal of Macroeconomics and Public Finance, 9(2), 237–262. https://doi.org/10.1177/2277978720968416
Mankiw Gregory, N., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 107(2), 407–437. https://doi.org/10.2307/2118477
Nkoro, E., & Uko, A. K. (2019). The Sources of Economic Growth in Nigeria: A Growth Accounting Approach. European Journal of Economics and Business Studies, 5(1), 89. https://doi.org/10.26417/ejes.v5i1.p89-99
PUPR. (2022). Buku Informasi Statistik Infrastruktur PUPR 2022.
Sequeira, T., & Morão, H. (2020). Growth accounting and regressions: New approach and results. International Economics, 162, 67–79. https://doi.org/10.1016/j.inteco.2020.01.003
Sinha, J. K., & Sinha, A. K. (2022). Growth Accounting Analysis of the Indian Economy – With Special Reference To the Economies of Bihar & Jharkhand During 2000-2021. International Journal of Applied Business and Management Sciences, 3(1), 13–37. https://doi.org/10.47509/ijabms.2022.v03i01.02
Tambunan, T. (2014). Perekonomian Indonesia _ Tulus T.
Badan Pusat Statistik. (2017). Badan Pusat Statistik (pp. 335–358). https://doi.org/10.1055/s-2008-1040325
Banco Mundial. (2019). Indicators, Data. In World Development Indicators (p. 1+). https://data.worldbank.org/indicator%0Ahttp://data.worldbank.org/indicator
Bappenas Press Release. (2017). Bonus Demografi 2030-2040: Strategi Indonesia Terkait Ketenagakerjaan dan Pendidikan. Kementerian Perencanaan Pembangunan Nasional, 1–2.
Cette, G., Devillard, A., & Spiezia, V. (2022). Growth Factors in Developed Countries: A 1960–2019 Growth Accounting Decomposition. Comparative Economic Studies, 64(2), 159–185. https://doi.org/10.1057/s41294-021-00170-3
Crafts, N., & Woltjer, P. (2021). Growth Accounting in Economic History: Findings, Lessons and New Directions. Journal of Economic Surveys, 35(3), 670–696. https://doi.org/10.1111/joes.12348
del Río, F., & Lores, F. X. (2021). Accounting for U.S. economic growth 1954–2017. Economic Modelling, 101, 1–48. https://doi.org/10.1016/j.econmod.2021.105529
EViews Software. (2022). EViews 12 Student Version Lite. https://www.eviews.com/
Gong, B. (2020). New Growth Accounting. American Journal of Agricultural Economics, 102(2), 641–661. https://doi.org/10.1002/ajae.12009
Grandes Kerlleñevich, M., & Frizzera, F. (2020). Growth Accounting in the Dominican Republic 1990-2018: New Evidence. Revista de Economía Del Caribe, 0(0).
Haque, M. I. (2019). Growth accounting for Saudi Arabia. Asian Economic and Financial Review, 9(6), 691–701. https://doi.org/10.18488/journal.aefr.2019.96.691.701
Jefferson, G. H. (2016). Growth Theory and Growth Accounting: Reformulating Our Understanding of Growth. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2833576
Mahmoudi, M. (2021). Identifying the Main Factors of Iran’s Economic Growth Using Growth Accounting Framework. European Journal of Business and Management Research, 6(5), 239–245. https://doi.org/10.24018/ejbmr.2021.6.5.1099
Malik, M. A., & Masood, T. (2020). Analysis of Growth Accounting and Convergence in MENA Countries: Panel Cointegration Approach. South Asian Journal of Macroeconomics and Public Finance, 9(2), 237–262. https://doi.org/10.1177/2277978720968416
Mankiw Gregory, N., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 107(2), 407–437. https://doi.org/10.2307/2118477
Nkoro, E., & Uko, A. K. (2019). The Sources of Economic Growth in Nigeria: A Growth Accounting Approach. European Journal of Economics and Business Studies, 5(1), 89. https://doi.org/10.26417/ejes.v5i1.p89-99
PUPR. (2022). Buku Informasi Statistik Infrastruktur PUPR 2022.
Sequeira, T., & Morão, H. (2020). Growth accounting and regressions: New approach and results. International Economics, 162, 67–79. https://doi.org/10.1016/j.inteco.2020.01.003
Sinha, J. K., & Sinha, A. K. (2022). Growth Accounting Analysis of the Indian Economy – With Special Reference To the Economies of Bihar & Jharkhand During 2000-2021. International Journal of Applied Business and Management Sciences, 3(1), 13–37. https://doi.org/10.47509/ijabms.2022.v03i01.02
Tambunan, T. (2014). Perekonomian Indonesia _ Tulus T.