The Best of Times and the Worst of Times: Indonesia and Economic Crises

Hal Hill

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

Abstract: This paper examines the experience of Indonesia during two major crisis episodes, the 1997-98 Asian financial crisis and the 2008-09 global economic recession. In the first episode, Indonesia experienced a deep economic and political crisis, while in the second the impacts were very mild. The paper examines various explanations of these large differences, focused in particular on the contrasting hypotheses of 'good management' and 'good luck'. The comparative Southeast Asian experience is also analyzed.

Keywords: Indonesia; Southeast Asia; crises (search for similar items in EconPapers)
JEL-codes: E65 N15 O53 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2012
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pas:papers:2012-03

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