Economic Crisis and Trade Liberalization: A CGE Analysis On The Forestry Sector

Tubagus Feridhanusetyawan and Yose Rizal Damuri ()
Additional contact information
Tubagus Feridhanusetyawan: Centre for Strategic and International Studies, Jakarta, Indonesia
Yose Rizal Damuri: Centre for Strategic and International Studies, Jakarta, Indonesia

No WPE079, CSIS Economics Working Paper Series from Centre for Strategic and International Studies, Jakarta, Indonesia

Abstract: This paper uses simulations based on a GTAP model to reproduce the economic crisis in Southeast Asia, and in particular in Indonesia. The model is a static-real sector model, so the focus of the simulation is on the declining investment and the declining prices of non-traded goods during the crisis. The simulation is conducted by creating an exogenous shock on risk premium in Indonesia, Thailand and Malaysia, which leads to smaller allocation of regional investment in these countries, lower stock of capital goods, and lower production. The second shock, which is the declining price of land and natural resource, opens the possibility of resource allocation between sectors in the economy.

Keywords: Southeast Asia; Indonesia; Asian crisis; forestry sector; computable general equilibrium (CGE) (search for similar items in EconPapers)
JEL-codes: C68 F17 (search for similar items in EconPapers)
Date: 2004-02
New Economics Papers: this item is included in nep-env, nep-ifn and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.csis.or.id/working_paper_file/38/wpe079.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 502 Bad Gateway

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sis:wpecon:wpe079

Access Statistics for this paper

More papers in CSIS Economics Working Paper Series from Centre for Strategic and International Studies, Jakarta, Indonesia Jl Tanah Abang III/23-27, Jakarta 10160, Indonesia. Contact information at EDIRC.
Bibliographic data for series maintained by Arya B. Gaduh ( this e-mail address is bad, please contact ).