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This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The stylized pattern from the previous 160 currency crisis episodes over the period from 1970 to 1995 shows a V-type adjustment of real GDP growth in the years prior to and...
Persistent link: https://www.econbiz.de/10012470347
By looking at how an East Asian currency moves when the yen fluctuates sharply against the US dollar, we sometimes find that the reaction has been much more significant than would be suggested by the econometric estimates of the weight of the yen in nominal exchange rate determination. Moreover,...
Persistent link: https://www.econbiz.de/10012473118
ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk …
Persistent link: https://www.econbiz.de/10013388833
We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...
Persistent link: https://www.econbiz.de/10012457845
Indonesia's two-step budgeting process for allocating funding to local road authorities. Using comprehensive data on road …
Persistent link: https://www.econbiz.de/10013388810
This paper shows that the level of deforestation in Indonesia is positively related to the degree of ethnic … political economy of deforestation. They are consistent with the literature on (under) provision of public goods and social … decentralisation can reduce deforestation by delegating powers to more homogeneous communities …
Persistent link: https://www.econbiz.de/10012458163
Tropical deforestation accounts for almost one-fifth of greenhouse gas emissions worldwide and threatens the world … incentives of local bureaucrats and politicians who enforce forest policy may be critical to understanding tropical deforestation … eight years of institutional change in post-Soeharto Indonesia. Increases in the numbers of political jurisdictions are …
Persistent link: https://www.econbiz.de/10012461241
A large fraction of Uganda's population continues to earn a living from quasi-subsistence agriculture. This paper uses …-subsistence agriculture is highly sensitive both to agricultural productivity levels and to transportation costs. The model also suggests …
Persistent link: https://www.econbiz.de/10012462787
. \textit{Ceteris paribus} lower trade costs in non-agriculture lead to fewer firms, but cheaper agricultural imports releases …
Persistent link: https://www.econbiz.de/10014544726
Fire has long served as a tool in agriculture, but this practice's human capital consequences have proved difficult to …
Persistent link: https://www.econbiz.de/10012455725