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Using Indonesian manufacturing census data (1991-2001), this paper rejects the hypothesis that the East Asian crisis unequivocally improved the reallocative process. The correlation between productivity and employment growth did not strengthen and the crisis induced the exit of relatively...
Persistent link: https://www.econbiz.de/10012975658
Using Indonesian manufacturing census data (1991-2001), this paper rejects the hypothesis that the East Asian crisis unequivocally improved the reallocative process. The correlation between productivity and employment growth did not strengthen and the crisis induced the exit of relatively...
Persistent link: https://www.econbiz.de/10012551367
manufacturing, given Indonesia's relative cost competitiveness, the rapidly growing domestic market, and the opportunities of … short-term growth but will ultimately lead back to stagnation. Instead, Indonesia must use this opportunity to make an …
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