case of a protectionist FDI policy in Indonesia that restricts FDI at the product level. Using a yearly census of …-level productivity. Controlling for an extensive set of fixed effects as well as potential political-economy drivers of regulation, we … experienced a substantial loss in productivity that was concentrated in the sectors most dependent on external finance and …

unequivocally improved the reallocative process. The correlation between productivity and employment growth did not strengthen and … the crisis induced the exit of relatively productive firms. The attenuation of the relationship between productivity and … entered during the crisis were relatively more productive, which helped mitigate the reduction in aggregate productivity …

We examine how the productivity of different industries changes over the course of a financial crisis by exploiting … cross firm, within industry differences in productivity resulting from the Asian financial crisis of 1997. We show that the … crisis coincided with dramatic changes in productivity patterns within the manufacturing sector and that many of these …

unequivocally improved the reallocative process. The correlation between productivity and employment growth did not strengthen and … the crisis induced the exit of relatively productive firms. The attenuation of the relationship between productivity and … entered during the crisis were relatively more productive, which helped mitigate the reduction in aggregate productivity. …

Relying on firm-level data from Statistik Industri this note analyzes the evolution of productivity dynamics of … Indonesian firms over the past 20 years (1990-2009). Economy-wide and sectoral productivity changes are decomposed into their two … main components: changes due to the evolution of average productivity and changes due to 'allocative efficiency'. This …

characteristics of a growth-enhancing business climate. In Indonesia, some of these elements are missing, which challenges firms …' operations. This note discusses the main constraints that Indonesia's manufacturing firms face, shows that these differ depending … on the nature of the firm and examines the effect of these constraints on firms' productivity and decisions to invest. It …