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This paper analyzes and tests the influence of political instability on economic vulnerability in the context of the 1994 and 1997 crises episodes. It constructs four political variables that aim at quantifying political instability. The paper finds that for countries with weak economic...
Persistent link: https://www.econbiz.de/10014401614
further consolidating the oversized school network, reducing overstaffing, and better targeting government subsidies. The …
Persistent link: https://www.econbiz.de/10012009431
Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
Persistent link: https://www.econbiz.de/10011704410
estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and …
Persistent link: https://www.econbiz.de/10014394381
This paper presents a small macro simulation model of the Indonesian economy The model was constructed to assess the effects of alternative policies as well as changes in the external environment on the Indonesian economy over the medium term Accordingly, the focus is on the determinants of...
Persistent link: https://www.econbiz.de/10014395785
This paper analyzes the evolution and effectiveness of Indonesia’s monetary control system following the financial …
Persistent link: https://www.econbiz.de/10014396201
. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis …
Persistent link: https://www.econbiz.de/10012670992
Since the adoption of the inflation targeting framework by Bank Indonesia (BI), monetary policy communication has … focusing on its monetary policy press releases and monetary policy reports. The results show that Bank Indonesia has made …
Persistent link: https://www.econbiz.de/10012252075
, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …
Persistent link: https://www.econbiz.de/10012667433
countries that underwent financial sector reform during the 1980s: Indonesia, Korea, and the Philippines. Special attention is … prices in Korea, on prices only in the Philippines, and did not contain any advance information in Indonesia. The …
Persistent link: https://www.econbiz.de/10014398026