Indonesia's Economic Growth Relies on Education and Capital, Not Innovation
The article discusses how different factors like employment, education, and capital stock have contributed to Indonesia's economic growth from 1880 to 2007. It shows that these factors were mainly responsible for the growth, with Total Factor Productivity (TFP) playing a smaller role. TFP growth was negative during some periods but became more significant after economic downturns, when resources were used more efficiently due to policy changes and improved productivity.