Lasting local impacts of an economywide crisis / Michael M. Lokshin, and Martin Ravallion.

Format:

Book

Government document

Author/Creator:

Lokshin, Michael.

Contributor:

World Bank.

Ravallion, Martin.

Series:

Policy research working papers ; 3503.

World Bank e-Library.

Policy research working paper ; 3503

Language:

English

Subjects (All):

Consumption (Economics)--Indonesia--History--20th century.

Consumption (Economics).

Financial crises--Indonesia--History--20th century.

Financial crises.

Poverty--Indonesia--History--20th century.

Poverty.

Other Title:

Policy research working paper vol. 3503

Place of Publication:

[Washington, D.C. : World Bank, 2005]

System Details:

data file

Summary:

"The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? Ravallion and Lokshin study Indonesia's severe financial crisis of 1998. They use 10 national surveys spanning 1993--2002, each covering 200,000 randomly sampled households, to estimate the impacts on mean consumption and the incidence of poverty across each of 260 districts. Counterfactual analyses indicate geographically diverse impacts years after the crisis. Proportionate impacts on the poverty rate were greater in initially better off and less unequal areas. In the aggregate, a large share--possibly the majority--of those Indonesians who were still poor in 2002 would not have been so without the 1998 crisis. This paper--a product of the Poverty Team, Development Research Group--is part of a larger effort in the group to assess the social impacts of economywide crises"--World Bank web site.

Notes:

Title from PDF file as viewed on 1/28/2005.

Includes bibliographical references.

Publisher Number:

10.1596/1813-9450-3503