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Household Welfare Cost of the Indonesian Macroeconomic Crisis

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  • Fabiosa, Jacinto F.
  • Jensen, Helen H.
  • Yan, Dong

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.

Suggested Citation

  • Fabiosa, Jacinto F. & Jensen, Helen H. & Yan, Dong, 2005. "Household Welfare Cost of the Indonesian Macroeconomic Crisis," 2005 Annual meeting, July 24-27, Providence, RI 19311, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19311
    DOI: 10.22004/ag.econ.19311
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    References listed on IDEAS

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    Cited by:

    1. Pangaribowo, Evita Hanie & Tsegai, Daniel W., 2011. "Food Demand Analysis of Indonesian Households with Particular Attention to the Poorest," Discussion Papers 116748, University of Bonn, Center for Development Research (ZEF).

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