Household Welfare Cost of the Indonesian Macroeconomic Crisis

Jacinto F. Fabiosa, Helen Jensen and Dong Yan

No 19311, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 26
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19311

DOI: 10.22004/ag.econ.19311

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