Indonesia's Centripetal Economy and Economic Growth
Author: Rock, Michael
Source: Journal of the Asia Pacific Economy, 2017, dx.doi.org/10.1080/13547860.2017.1387371
Publication Type: Journal Article
Abstract: What has been the impact of democracy on growth in Indonesia? An early view emphasized a growth and investment slowdown, but more recent data suggest otherwise. What accounts for the reversion to New Order growth and investment rates? My answer is the adoption of more centripetal and developmental democratic institutions in an otherwise messy democracy that has pushed political parties and presidents to compete for votes by promising to clean up government and restore growth.