Recent political developments are slowing reforms. The Corruption Eradication Commission (KPK) an... more Recent political developments are slowing reforms. The Corruption Eradication Commission (KPK) and the finance ministry find themselves entrapped in legal inquiries and political wrangling that seem intended to weaken their reforming zeal. KPK's effectiveness has been undermined by legislative changes and the arrests of three of its commissioners. Meanwhile, the costly bail-out of a small bank has provided an opportunity
... in the process as a Director at Bank Indonesia and later as Head of the Indonesian Planning A... more ... in the process as a Director at Bank Indonesia and later as Head of the Indonesian Planning Agency ... refusal to publicize the audit on Bank Bali, as demanded by the IMF, led to a standoff ... measures were the reforms to overhaul the bankruptcy system and the establishment of a ...
What happens to firms during periods of deep economic crisis? Depending on the nature of the cris... more What happens to firms during periods of deep economic crisis? Depending on the nature of the crisis, the general effects are well known. However, owing to data availability, there are relatively few detailed firm-level studies. With the aid of an unusually rich database, the present paper investigates the effects of Indonesia's 1997–1998 crisis on manufacturing establishments. Consistent with studies of other crisis episodes, foreign ownership and prior export orientation are found to be highly significant determinants of survival and recovery. The effects of firm size are ambiguous. The industry in which firms are located, in particular its factor proportions, is also found to be significant.
Recent political developments are slowing reforms. The Corruption Eradication Commission (KPK) an... more Recent political developments are slowing reforms. The Corruption Eradication Commission (KPK) and the finance ministry find themselves entrapped in legal inquiries and political wrangling that seem intended to weaken their reforming zeal. KPK's effectiveness has been undermined by legislative changes and the arrests of three of its commissioners. Meanwhile, the costly bail-out of a small bank has provided an opportunity
... in the process as a Director at Bank Indonesia and later as Head of the Indonesian Planning A... more ... in the process as a Director at Bank Indonesia and later as Head of the Indonesian Planning Agency ... refusal to publicize the audit on Bank Bali, as demanded by the IMF, led to a standoff ... measures were the reforms to overhaul the bankruptcy system and the establishment of a ...
What happens to firms during periods of deep economic crisis? Depending on the nature of the cris... more What happens to firms during periods of deep economic crisis? Depending on the nature of the crisis, the general effects are well known. However, owing to data availability, there are relatively few detailed firm-level studies. With the aid of an unusually rich database, the present paper investigates the effects of Indonesia's 1997–1998 crisis on manufacturing establishments. Consistent with studies of other crisis episodes, foreign ownership and prior export orientation are found to be highly significant determinants of survival and recovery. The effects of firm size are ambiguous. The industry in which firms are located, in particular its factor proportions, is also found to be significant.
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Papers by Dionisius A. Narjoko