This paper presents an illustrative analysis of the crisis from a macroeconomic perspective, by focusing on the various economic adjustments both in the real and monetary sectors. It argues that the complex nature of the political and economic reform process has resulted in sub - optimal growth...

This article presents econometric estimates of the adult working-age male hazard function of interstate migration fitted to data obtained from migration decisions of adult males over a twenty-year period. The results show a strong negative effect of the real wage difference between origin and...

This article presents econometric estimates of the adult working-age male hazard function of interstate migration fitted to data obtained from migration decisions of adult males over a twenty-year period. The results show a strong negative effect of the real wage difference between origin and...

Rural economic development programs often rely on the assumption that "people follow jobs." But different strategies are appropriate for different regions, depending on the characteristics of the desired population and the characteristics of the region. This paper reports how rural versus urban...

This paper investigates how Indonesia should manage its massive debt burden arising from the Asian financial crisis, which led to increased external debt and, more significantly, increased domestic debt related to the country's bank restructuring program. Indonesia's enormous outstanding debt...

This paper presents both the macro and micro picture of the manufacturing industries in Indonesia during the recent economic crisis. It begins with a comprehensive review of the policy environment surrounding Indonesia's manufacturing industry, before and during the crisis. The paper then...

This study analyses the impact of the crisis on the financial sector. Special attention is given to the performance of non-Japanese foreign and joint venture banks during the crisis. We also analyse whether government policy and formation of networks - ownership networks and the link with the...