Winners and Losers during a Deep Economic Crisis: Firm-level Evidence from Indonesian Manufacturing

Dionisius Narjoko and Hal Hill

Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics

Abstract: What happens to firms during periods of deep economic crisis? Depending on the nature of the crisis, the general effects are well known. But, owing to data availability, there are relatively few detailed firm-level studies. With the aid of an unusually rich data base, this paper investigates the effects of Indonesia??s 1997-98 crisis on manufacturing establishments. Consistent with studies of other crisis episodes, foreign ownership and prior export orientation are found to be highly significant determinants of survival and recovery. The effects of firm size are ambiguous. The industry in which firms are located, in particular its factor proportions, is also found to be significant.

Keywords: crisis; manufacturing; industrial adjustment (search for similar items in EconPapers)
Pages: 39 pages
Date: 2006
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (5)

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Journal Article: Winners and Losers during a Deep Economic Crisis: Firm‐level Evidence from Indonesian Manufacturing (2007)
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