Deregulation and Development in Indonesia.

Cover -- Contents -- CHAPTER 1 Deregulation and Development in Indonesia: An Introductory Overview -- INTRODUCTION -- PART I -- FEATURES OF LIBERALIZATION PROCESS IN INDONESIA -- Political Economy Considerations -- Gradualism -- Unorthodox Sequencing -- PART II -- THE IMPACT OF REFORM -- Effect of Deregulation on Income and Productivity Growth -- Reforms and Growth in Manufactured Exports -- Liberalization and Labor Market Performance -- Reforms and Regional Inequality -- PART III -- SECTOR-SPECIFIC REGULATORY POLICY ISSUES -- Cocoa: Effects of a Hands-Off Policy Regime -- Soymeal: The Costs of Supporting a Monopolist -- Cement: The Case for Modified Regulations -- Sugar: Efficiency and Distributional Aspects -- PART IV -- SOME CONCLUSIONS -- Need for Productivity Growth -- The Future Competitive Challenge -- Opportunities in Multilateral Trade Liberalization -- NOTES -- REFERENCES -- CHAPTER 2 The Evolution of Economic Policy Reform: Determinants, Sequencing and Reasons for Success -- CONVENTIONAL WISDOM ON THE CONTENT AND SEQUENCING OF REFORMS -- Relaxation of Capital Controls After Financial Market Reforms -- Trade Reform Before the Lifting of Capital Controls -- Maintenance of a Realistic Exchange Rate -- The Speed of Economic Reforms -- Importance of Credibility -- ECONOMIC POLICY REFORMS IN INDONESIA: CONTENT AND SEQUENCING -- Early Period Reforms: Deregulation of the Capital Account -- Interim in Reform in the Oil Boom Years -- Reforms from the Mid-1980s -- DETERMINANTS OF REFORM PATTERNS AND SUCCESS -- Reasons for Success with Reforms -- NOTES -- REFERENCES -- CHAPTER 3 Foreign Investment Policy: Evolution and Characteristics -- EVOLUTION OF FOREIGN INVESTMENT POLICY: 1967-1997 -- Liberalization in the Early Years: 1967-1970 -- Restrictions, Liberalization and More Restrictions: 1970-1985 -- Liberalization Renewed: 1986-1989.

Liberalization Sustained: 1990-1997 -- Policy Responses to the Recent Crisis (1998-1999)4 -- CHARACTERISTICS OF DIRECT FOREIGN INVESTMENT -- Growth and Trends5 -- Employment -- Exports -- Performance of Foreign and Domestic Firms -- CONCLUSIONS -- NOTES -- REFERENCES -- CHAPTER 4 Deregulation and Total Factor Productivity: 1985-1992 -- TOTAL FACTOR PRODUCTIVITY GROWTH: METHODOLOGY -- TOTAL FACTOR PRODUCTIVITY GROWTH IN INDONESIA: DATA ISSUES -- ESTIMATES OF TOTAL FACTOR PRODUCTIVITY -- CONCLUSION -- NOTES -- REFERENCES -- CHAPTER 5 The Determinants of Indonesia's Non-Oil Exports -- INTRODUCTION -- The General Literature on Export Determinants -- The Indonesia-Specific Literature on Export Determinants -- THE MODEL: DEMAND AND SUPPLY DETERMINANTS OF EXPORTS -- THE DATA -- THE RESULTS: SINGLE EQUATION DEMAND AND SUPPLY FUNCTIONS -- World Demand for Indonesia's Non-Oil Exports -- Supply of Indonesia's Non-Oil Exports -- A IMULTANEOUS MODEL OF DEMAND AND SUPPLY OF EXPORTS -- Export Demand -- Export Supply -- GOVERNMENT POLICY AND EXPORT PERFORMANCE -- Exchange Rate Policy -- Investment Deregulation -- Trade Deregulation -- NOTES -- REFERENCES -- CHAPTER 6 The Impact of Deregulation on the Manufacturing Sector -- Rising Importance of Manufacturing Sector -- STRUCTURAL CHANGES IN THE MANUFACTURING SECTOR -- Patterns of Growth in Employment -- Patterns of Growth in Value-Added -- Patterns of Investment and Export Orientation -- Effects by Size of Firm -- ISSUES IN DOMESTIC COMPETITION -- Restrictions on Domestic Competition -- Consequences for Structure -- Structure and Performance -- NOTES -- REFERENCES -- CHAPTER 7 The Impact of Deregulation on Employment and Earnings -- LABOR-RELEVANT CHARACTERISTICS OF THE EXPORT AND FOREIGN INVESTMENT BOOM -- IMPACT ON EMPLOYMENT AND EARNINGS -- Impact on Employment -- Impact on Earnings -- REFERENCES.

CHAPTER 8 Sulawesi's Cocoa Boom: Lessons of Smallholder Dynamism and Hands-off Policy1 -- PRODUCTION OF SMALLHOLDER COCOA -- MARKETING OF SMALLHOLDER COCOA -- CONCLUSIONS -- NOTES -- REFERENCES -- CHAPTER 9 Costs and Benefits of Soymeal Deregulation -- INTRODUCTION -- WELFARE ANALYSIS OF REGULATORY CHANGES -- Base Case Estimates -- Estimated Effects of the 1991 Policy Changes -- Estimated Effects of the 1993 Policy Changes -- CONCLUDING OBSERVATIONS -- Effects on Employment -- NOTES -- REFERENCES -- CHAPTER 10 The Indonesian Cement Industry: A Case for Modified Regulation -- REGULATORY AND ECONOMIC ASPECTS -- Guiding Prices -- Distribution Quotas -- The Distribution Process -- The Demand for Cement -- The Economies of Scale -- ALTERNATIVE POLICIES -- The Economics of an Unregulated Market -- The Political Economy of Deregulating Cement -- CONCLUDING COMMENTS -- NOTES -- REFERENCES -- CHAPTER 11 Distributional Impact of Government Policies in the Sugar Sector -- INTRODUCTION -- METHODOLOGY -- Total Transfers in All Activities -- Winners and Losers -- CONSEQUENCES OF SELECTED POLICY REFORMS -- Policy Alternative I: Trade Deregulation with Area Quota -- Policy Alternative II: Lifting of Area Quota with Restrictive Import Policy -- Policy Alternative III: Allowing Unrestricted Private Distribution -- Policy Alternative IV: A Direct Marketing System -- CONCLUSIONS -- NOTES -- CHAPTER 12 The Impact of Regional Trade Deregulation on Selected APEC Countries and Indonesia -- INTRODUCTION -- TOWARDS ASIAN FREE TRADE: APEC MODEL RESULTS -- Design of Alternative Scenarios -- The Uruguay Round and Beyond -- CONCLUSIONS -- APPENDIX: THE APEC-CGE MODEL -- MODEL STRUCTURE AND ASSUMPTIONS -- ECONOMIC STRUCTURE AND TRADE PATTERNS IN APEC ECONOMIES -- NOTES -- REFERENCES -- CHAPTER 13 Economic Reforms During the Crisis and Beyond.

Indonesia's Financial Crisis and the IMF Reforms -- Political Change and Economic Reform -- Concerns About Further Reforms -- The Recovery and Structural Change -- Inflation Targeting, Floating Exchange Rate, and Open Capital Account -- Restructuring the Corporate and Banking Sector -- Real Economy, Competitive Markets, and Trade Liberalization -- Reducing Barriers to Investment -- Summing Up the Case for Open Trade and Investment Policies -- NOTES -- REFERENCES -- Index -- About the Editors and Contributors.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.