In fact, for the first of long-term development Indonesia has achieved successfully the high rate of economic growth. But, in this period a high rate of inflation occured. Since 1960 government has applied a deficit fiscal, in which total expenditure is over domestic income.
The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...