Theoretical Perspectives on Goods Market Equilibrium and Market Structure in The Indonesian Economy
DOI:
https://doi.org/10.65254/ijese.v2i4.71Keywords:
Fiscal Policy, Goods Market, Indonesian Economy, Keynesian Model, Market Structure, Pricing PowerAbstract
Purpose: This study examines theoretical perspectives on goods market equilibrium and links them to the heterogeneous market structure of the Indonesian economy to develop an integrated analytical framework.
Design/methodology/approach: Hybrid systematic–scoping literature review following PRISMA guidelines and synthesizes macroeconomic and industrial organization theories through thematic coding and narrative analysis.
Findings: The Indonesian’s good market equilibrium is structurally mediated by sectoral market concentration, pricing power, and regulatory arrangements, which influence output adjustment and fiscal policy transmission.
Research limitations/implications: The study relies on literature synthesis without primary empirical testing, indicating the need for future quantitative research integrating concentration measures into macroeconomic models.
Practical implications: The results suggest that policymakers should incorporate market structure considerations into fiscal and competition policies to improve economic stability and policy effectiveness.
Originality/value: This study offers an integrative framework that bridges macroeconomic equilibrium theory with industrial organization analysis in the Indonesian context.
Paper type: Literature review.
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