WHAT CAN INDONESIA DO TO GET ITS ECONOMY TO GROW AT 8% A YEAR? A SYSTEMATIC LITERATURE REVIEW AND ECONOMIC MODELING FRAMEWORK

Abstract

Abstract Indonesia's economy has grown quickly in the previous few decades, but keeping up an 8% growth rate per year is still a huge problem. This research investigates the feasibility of achieving such significant increase through a systematic literature review (SLR) and modeling methods. We examine periods of rapid GDP growth in Indonesia using 35 academic sources, including policy papers, empirical research, and macroeconomic models. We identify the primary factors contributing to this development and using econometric modeling to forecast future economic expansion. The results show that Indonesia can achieve steady 8 percent annual GDP growth if it improves productivity in agriculture, industry, and services, builds better infrastructure, and invests more in developing its people. Policy options