MAPPING TRENDS AND HOTSPOTS OF ACCELERATING ECONOMIC TRANSFORMATION IN INDONESIA: UNCOVERING THE ROLE OF GREEN INTELLECTUAL CAPITAL, UNIVERSITY COMPETITIVE ADVANTAGE AND DIGITAL TRANSFORMATION

Abstract

Over the past decade, Indonesia’s economic transformation has progressed significantly. However, there is still little information about the underlying factors involved, and they need to be comprehensively identified. This study identifies the role of green intellectual capital, university competitive advantage, and digital transformation in accelerating economic transformation in Indonesia. This research used bibliometric analysis and a literature search with predetermined keywords and used the criteria of articles published in the Scopus database, in the range 2004–2023, in English and had topics that were in accordance with the research objectives. The selection of articles was guided by the Preferred Reporting Items for Systematic Reviews and Meta-Analyses guidelines, and all the data were analyzed descriptively. A total of 1,271 articles were obtained, but only 109 met the inclusion and exclusion criteria. In accordance with the term mapping, 3,317 terms were generated, but only 64 terms matched the topic, resulting in six main clusters and 1,269 links with a total link strength of 12,681. Research on economic transformation in Indonesia is growing annually. The peak number of publications occurred in 2023 (n = 20 documents, 18.35%), and the highest number of citations occurred in 2017 (n = 234, 14.64%). Research related to economic transformation in Indonesia was conducted between 2008 and 2016. Research hotspots related to accelerating economic transformation in Indonesia include competitive advantage, intellectual capital (IC), economic development, and human capital. Strengthening green intellectual capital, competitive advantage in higher education, human capital, and intellectual capital are important parts of accelerating economic transformation in Indonesia, and the terms that fall into research coldspots include structural capital, innovation, green intellectual capital, production, competitiveness, quality, enterprise, investment, and service; these terms have not been widely discussed in research conducted in Indonesia. Therefore, further study is required in the future. In conclusion, the acceleration of economic transformation in Indonesia is carried out by strengthening green intellectual capital, increasing and strengthening elements of human capital and relational capital, enhancing the competitive advantage of universities, and optimizing the use of technology and automation.