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

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Author Info
Dionisius Narjoko ()
Hal Hill ()

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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.

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Paper provided by Australian National University, Economics RSPAS in its series Departmental Working Papers with number 2006-13.

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Length: 39 pages
Date of creation: 2006
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Handle: RePEc:pas:papers:2006-13

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Keywords: crisis manufacturing industrial adjustment

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