Household Welfare Cost of the Indonesian Macroeconomic Crisis

A theoretically consistent incomplete demand system is estimated to quantify the cost of the 1997 microeconomic crisis. Welfare cost per person was $128, which translates to $26.12 billion total cost. This amount is equivalent to agriculture's GDP contribution, and sufficient to pay for Indonesia's total annual government budget.


Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19311
Total Pages:
26
Series Statement:
Selected Paper 136639




 Record created 2017-04-01, last modified 2017-08-24

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