Indonesia during two big economic crises 1997/98 and 2008/09: How was the impact and what was the main difference between the two crises?
Journal Title: E3 Journal of Business Management and Economics - Year 2011, Vol 2, Issue 2
Abstract
This paper aims to examine the Indonesian experiences with the 1997/98 Asian financial crisis and the 2008/09 global economic crisis. It has three main parts. The first part gives a theoretical explanation of the main transmission channels through which the two crises have affected the Indonesian economy. It also provides a list of key indicators of these types of economic crises. The second part is the empirical part about the impacts of the crises on economic growth, employment, remittances and poverty in Indonesia. One important finding from this study is that the Indonesian economy was much more resilient to the last crisis as compared to the first crisis. During the first crisis, Indonesian economic growth was negative and poverty increased significantly; whereas during the second one, Indonesia managed to keep a positive economic growth rate (though declined), and poverty kept declining. The third part provides a list of main reasons for the difference, and sound banking sector after the first crisis is among the list.
Authors and Affiliations
Tulus Tambunan
Keywords
Related Articles
- EP ID EP155760
- DOI -
- Views 132
- Downloads 0
The adoption of electronic data interchange (EDI) technology by Nigerian SMEs: A conceptual framework
In these days, the adoption of information technology (IT) in business operations is no longer privilege to large organizations; Small-Medium-Enterprises are also trying to adopt the IT in process of gaining the benefits...
An evaluation of customer retention based on gender and age during critical cash crisis of 2008. A case study of commercial banks in Bindura.
The ability to retain customers in the face of stiff competition guarantees the success of a bank. In this study the authors sought to evaluate customer retention using the customer retention determinants: customer satis...
Empirical study on financial risk factors: Capital structure, operation ability, profitability, and solvency ——evidence from listed companies in China
This study analyzes financial risk factors of China’s Small and medium-sized enterprises (SMEs), employing Alexander Bathory model for the currently available data on the small and medium enterprise board in Shenzhen Sto...
The crowding-out effects of corruption in Nigeria: An empirical study.
Abstract: This study examined the crowding out effects of corruption and its destabilizing implications on the economic growth of Nigeria, using parsimonious error correction mechanism. The study employed experimental re...
The analysis of the conditions needed for building venture capital industry in Lithuania
This article includes the analysis of the conditions needed for venture capital (VC) market creation and the perspectives in Lithuania. The successful case of VC in Silicon Valley is shortly presented. The theoretical pa...