Impacts of the Indonesian Economic Crisis: Price Changes and the Poor / James Levinsohn, Steven Berry, Jed Friedman.

Format:

Book

Author/Creator:

Levinsohn, James.

Contributor:

National Bureau of Economic Research.

Berry, Steven.

Friedman, Jed.

Series:

Working Paper Series (National Bureau of Economic Research) no. w7194.

NBER working paper series no. w7194

Language:

English

Subjects (All):

Econometric models.

Econometrics.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Impacts of the Indonesian Economic Crisis

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1999.

Cambridge, Massachusetts : National Bureau of Economic Research, 1999.

Summary:

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.

Notes:

Print version record

June 1999.