2023
DOI: 10.32479/ijeep.14077
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Natural Resources Curse in Indonesia

Abstract: The purpose of this study is to find out whether there is a curse or blessing of Indonesia's natural resources and to find out how the long-term influence of natural resource rents, foreign direct investment, inflation, and the Covid-19 pandemic on economic growth. Based on the purpose of the study, the method used is a Fully Modified Ordinary Least Square (FMOLS). The results show that Indonesia is free from the curse of natural resources, meaning that Indonesia's natural resources have blessings for economic… Show more

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“…The economic landscape of Indonesia is marked by diverse regional disparities, with provinces experiencing varying economic growth and development levels [1]. These disparities can be attributed to a multitude of factors, including differences and changes in natural resources, infrastructure, government policies, socioeconomic and cultural conditions, demography, and other internal and external influences that impact economic growth at the provincial level [2][3][4][5][6][7]. As a result, the economic growth trajectory can vary between both provinces and over time [8,9].…”
Section: Introductionmentioning
confidence: 99%
“…The economic landscape of Indonesia is marked by diverse regional disparities, with provinces experiencing varying economic growth and development levels [1]. These disparities can be attributed to a multitude of factors, including differences and changes in natural resources, infrastructure, government policies, socioeconomic and cultural conditions, demography, and other internal and external influences that impact economic growth at the provincial level [2][3][4][5][6][7]. As a result, the economic growth trajectory can vary between both provinces and over time [8,9].…”
Section: Introductionmentioning
confidence: 99%