Allocation and Composition of Fixed Capital Stock in Indonesia: An Indirect Estimate Using Incremental Capital Value Added Ratios

Keuning, Steven

doi:10.1080/00074919112331336018

Cited by 8 publications

(8 citation statements)

References 7 publications

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“…Sundrum (1986: 55, 68) was the first to use GFCF and depreciation from the national accounts to extrapolate a rough guess of total net capital stock in 1960 to generate a net capital stock series for 1960-81 in 1973 prices. Keuning (1988Keuning ( , 1991 offered an intricate estimation procedure. He estimated aggregate GFCF for three types of capital goods (structures, imported and domestically produced machinery) during 1953-85 by linking data from the national accounts and other sources and scaling them up to match the 1971 I-O Table and the 1975 and 1980 11.…”

Section: Estimates Of Capital Stock For Indonesiamentioning

confidence: 99%

Capital formation and capital stock in Indonesia, 1950–2008

Eng

2009

Bulletin of Indonesian Economic Studies

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This Working Paper series provides a vehicle for preliminary circulation of research results in the fields of economic development and international trade.The series is intended to stimulate discussion and critical comment. Staff and visitors in any part of the Australian National University are encouraged to contribute. To facilitate prompt distribution, papers are screened, but not formally refereed.

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Section: Estimates Of Capital Stock For Indonesiamentioning

confidence: 99%

Capital formation and capital stock in Indonesia, 1950–2008

Eng

2009

Bulletin of Indonesian Economic Studies

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“…The basic data of sectoral capital stock and investment by sector of destination are taken from Lewis (1991). and based on Keuning (1988) and Keuning (1991) Shafik and A. Chhibber (I 988). The quoted study estimated only the aggregate investment; further improvement for sectoral investment is shown in E. Thorbecke et.…”

Section: Themodelmentioning

confidence: 99%

Impacts of Economic Reform on Rural‐urban Welfare: A General Equilibrium Framework

Azis

1997

Rev Urban & Reg Develop

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This paper demonstrates how economic reform undertaken in a developing country will impact not only macroeconomic variables but also income distribution between different household groups, particularly between rural and urban households. Unlike the well-known link to macroeconomic variables, the path connecting economic reform with income of rural-urban households is more equivocal and thus demands an inquisition. The CGE model constructed in this study is designed to serve such a purpose. When applied to the Indonesian case, both the static and dynamic simulations indicate that the post-reform progress in the country's macroeconomic condition is likely accompanied by worsening-albeit slightly-household income distribution between income groups. The non agricultural sector appears to be the major beneficiary of the reform. From the dynamic simulation, a worsening distribution is also found between rural and urban areas. However, results of both simulations also show that improved poverty conditions are likely achieved following the reform.

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“…Since the pioneering work of Sundrum (), several studies have attempted to estimate data on fixed capital (see Keuning, ; Nehru and Ashok, ; King and Levine, ; Collins and Bosworth, ; BPS, ; Timmer, ; Sigit, ; Handa, ; Yudanto et al ., ; Van der Eng, ). Most studies estimate gross capital values at the national level; some studies, such as those of Keuning (), Timmer (), Yudanto et al . () and Van der Eng (), present capital estimates by sector and/or type.…”

Section: Introductionmentioning

confidence: 99%

“…The majority of studies use the PIM approach, while some studies, such as those of Sundrum (), Keuning () and Handa (), apply a method that lies between the ICOR and the PIM. Several studies based on the PIM rely on unrealistic assumptions; for example, BPS () and Yudanto et al .…”

Section: Introductionmentioning

confidence: 99%

“…In the present study, we use the PIM to estimate the GFCS by province in Indonesia for 1983–2007, with a relatively long series of GFCF data assuming uniform, constant prices and province‐specific survival functions for capital. We employ only officially published data, which is different from Keuning () and Yudanto et al . () who had access to unpublished data.…”

Section: Introductionmentioning

confidence: 99%

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Capital Stock Estimates by Province and Interprovincial Distribution in Indonesia

Kataoka

2013

Asian Economic Journal

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We use the perpetual inventory method to estimate gross fixed capital stock at the provincial level in Indonesia. We employ a relatively long series of past annual investments at constant prices for 1983-2007 and a province-specific survival function for capital. For this purpose, we use published data on provincial income accounts, input-output tables, and surveys from existing studies. Capital was found to be over-concentrated in the Java-Bali region and inefficiently distributed among provinces. This distribution contributed to national growth in the majority of the sample years.

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Allocation and Composition of Fixed Capital Stock in Indonesia: An Indirect Estimate Using Incremental Capital Value Added Ratios

Cited by 8 publications

References 7 publications

Capital formation and capital stock in Indonesia, 1950–2008

Capital formation and capital stock in Indonesia, 1950–2008

Impacts of Economic Reform on Rural‐urban Welfare: A General Equilibrium Framework

Capital Stock Estimates by Province and Interprovincial Distribution in Indonesia

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