1989/08/01 by J. Thomas Lindblad · 1 citation
Economics, Econometrics and Finance · Engineering · Social Sciences · #Asian Studies and History #Business #Economic policy #Economics #Economy #Engineering #Finance #First world war #Indonesian #Macroeconomics #Market economy #Natural Resources and Economic Development #Oil production #Oil refinery #Petroleum #Petroleum industry #Political science #Product (mathematics) #Production (economics) #Revenue #World War II
paper · doi:10.1080/00074918812331335569
openalex publication_date 1989/08/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29
The present dependence on oil exports in Indonesia is not new. The oil industry also played a key role in the colonial economy. This article examines the development of the Indonesian oil industry up to the Second World War. It identifies producers and production centres and considers trends in Output and revenue, changes in the product mix and possible growth effects. Its main question concerns the possibilities and limitations of the oil sector for sustaining economic growth.