![Portrait of Tobias Axelsson. Photo.](/sites/lusem.lu.se/files/styles/lu_personal_page_desktop/public/2024-02/TobiasAxelsson.jpg.webp?itok=bHzCRrLE)
Tobias Axelsson
Senior lecturer, Director of first and second cycle studies, Department of Economic History
![Portrait of Tobias Axelsson. Photo.](/sites/lusem.lu.se/files/styles/lu_personal_page_desktop/public/2024-02/TobiasAxelsson.jpg.webp?itok=bHzCRrLE)
Resilience to economic shrinking in an emerging economy – the role of social capabilities in Indonesia 1950-2015
Author
Summary, in English
argue that the state’s autonomy, measured by macroeconomic policymaking, and accountability, measured by food security, were two key social capabilities that enabled Indonesia to reduce the frequency of economic shrinking. During this period, the ‘doorstep conditions’ for the transition into a democracy and stable economic
growth emerged. More specifically, Indonesia managed to diversify its revenue base and make public resources more available for the broader common good. Loosening the connection between macroeconomic policymaking and elites opened up greater opportunities for the emergence of private enterprises. However, to date, the country is still far from a full-fledged open access society.
Department/s
- Department of Economic History
- Economic development of the Global South
Publishing year
2021-06-01
Language
English
Pages
509-526
Publication/Series
Journal of Institutional Economics
Volume
17
Issue
3
Document type
Journal article
Publisher
Cambridge University Press
Topic
- Economic History
Status
Published
ISBN/ISSN/Other
- ISSN: 1744-1382