Impacts of the Indonesian Economic Crisis: Price Changes and the Poor

James Levinsohn, Steven Berry () and Jed Friedman ()

No 249, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: The recent financial crisis in Indonesia has resulted in dramatic price increases. Using very recent data, we investigate whether these price increases have impacted the cost-of-living of poor households in a disproportionately harsh way. We find that the poor have indeed been hit hardest. Just how hard the poor have been hit, though, depends crucially on where the household lives, whether the household is in a rural or urban area, and just how the cost-of-living index is computed. What is clear is that the notion that the very poor are so poor as to be insulated from international shocks is simply wrong. Rather, in the Indonesian case, the very poor appear the most vulnerable.

Keywords: Indonesian economic crisis; international economy; the poor (search for similar items in EconPapers)
Pages: pages
Date: 1999-06-01
New Economics Papers: this item is included in nep-ifn, nep-mac and nep-sea
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Citations: View citations in EconPapers (30)

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Related works:
Chapter: Impacts of the Indonesian Economic Crisis.Price Changes and the Poor (2003)
Working Paper: Impacts of the Indonesian Economic Crisis: Price Changes and the Poor (1999)
Working Paper: Impacts of the Indonesian Economic Crisis: Price Changes and the Poor (1999)
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