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Impacts of the Indonesian Economic Crisis: Price Changes and the Poor Author info | Abstract | Publisher info | Download info | Related research | Statistics Levinsphn, J.
Berry, S.
Friedman, J.
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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.
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Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number
446.
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Length: 24 pages
Date of creation: 1999Date of revision:
Handle: RePEc:mie:wpaper:446Contact details of provider: Postal: ANN ARBOR MICHIGAN 48109 Web page: http://www.fordschool.umich.edu/rsie/ More information through EDIRC
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Keywords: LIVING CONDITIONS ECONOMIC CRISIS Other versions of this item:
Find related papers by JEL classification: I30 - Health, Education, and Welfare - - Welfare and Poverty - - - General I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare F30 - International Economics - - International Finance - - - General
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