The Impact of Natural Resources, Industrial Development and Innovations on Economic Growth in Indonesia: A Nonliniear ARDL Approach
摘要
This study’s objective is to determine the effect of natural resources, innovations, and industrial development on economic growth in Indonesia. The study utilizes data spanning from 1980 to 2022. Data analysis uses the nonlinear Autoregressive Distributed Lag model. The research results show that using natural resources can stimulate economic growth. However, although using natural re-sources positively impacts economic growth, it is not statistically significant. In addition, reducing the exploitation of natural resources can reduce economic growth significantly at a probability level of 5 percent. Innovations and industrial development variables positively and significantly affect economic growth in the long and short term. The industrial development variable significantly contributes to economic growth in Indonesia by increasing per capita income, which can be seen from the high coefficient value of this variable. This research recommends the need for policies that can guarantee the efficient use of natural resources by using more efficient technology.