Lasting Local Impacts of an Economywide Crisis

The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? The authors study Indonesia s severe financial crisis of 1998. They use 10 national surveys spanning 1993 2002, each covering 200,000 rando...

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Main Authors:	Ravallion, Martin, Lokshin, Michael
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ABSOLUTE POVERTY AGGREGATE INCOME AGRICULTURE BASE YEAR CONSUMER PRICE INDEX CONSUMPTION PATTERNS COUNTERFACTUAL CPI ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC LOSS ECONOMIC SHOCKS ECONOMIC SPECIALIZATION EDUCATION ELASTICITY EXPENDITURES FAMILY INCOME FINANCIAL CRISIS GDP HEALTH HEALTH CARE HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSING IMPACT ASSESSMENT INCIDENCE OF POVERTY INCOME INFLATION INNOVATION INSURANCE LABOR FORCE LIVING STANDARDS LOCAL AUTHORITIES MALNUTRITION MORTALITY NUTRITION POVERTY IMPACTS POVERTY LINE POVERTY MEASURES POVERTY RATES POVERTY REDUCTION PUBLIC GOODS REGIONAL POVERTY SAMPLE SIZE SOCIOECONOMIC SURVEYS STANDARD OF LIVING STD TIME SERIES UNEMPLOYMENT WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2005/02/5623854/lasting-local-impacts-economywide-crisis http://hdl.handle.net/10986/8905

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recordtype	oai_dc
spelling	okr-10986-89052021-04-23T14:02:42Z Lasting Local Impacts of an Economywide Crisis Ravallion, Martin Lokshin, Michael ABSOLUTE POVERTY AGGREGATE INCOME AGRICULTURE BASE YEAR CONSUMER PRICE INDEX CONSUMPTION PATTERNS COUNTERFACTUAL CPI ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC LOSS ECONOMIC SHOCKS ECONOMIC SPECIALIZATION EDUCATION ELASTICITY EXPENDITURES FAMILY INCOME FINANCIAL CRISIS GDP HEALTH HEALTH CARE HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSING IMPACT ASSESSMENT INCIDENCE OF POVERTY INCOME INFLATION INNOVATION INSURANCE LABOR FORCE LIVING STANDARDS LOCAL AUTHORITIES MALNUTRITION MORTALITY NUTRITION POVERTY IMPACTS POVERTY LINE POVERTY MEASURES POVERTY RATES POVERTY REDUCTION PUBLIC GOODS REGIONAL POVERTY SAMPLE SIZE SOCIOECONOMIC SURVEYS STANDARD OF LIVING STD TIME SERIES UNEMPLOYMENT WEALTH The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? The authors study Indonesia s severe financial crisis of 1998. They use 10 national surveys spanning 1993 2002, each covering 200,000 randomly sampled households, to estimate the impacts on mean consumption and the incidence of poverty across each of 260 districts. Counterfactual analyses indicate geographically diverse impacts years after the crisis. Proportionate impacts on the poverty rate were greater in initially better off and less unequal areas. In the aggregate, a large share - possibly the majority - of those Indonesians who were still poor in 2002 would not have been so without the 1998 crisis. 2012-06-25T14:16:26Z 2012-06-25T14:16:26Z 2005-02 http://documents.worldbank.org/curated/en/2005/02/5623854/lasting-local-impacts-economywide-crisis http://hdl.handle.net/10986/8905 English en_US Policy Research Working Paper No. 3503 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ABSOLUTE POVERTY AGGREGATE INCOME AGRICULTURE BASE YEAR CONSUMER PRICE INDEX CONSUMPTION PATTERNS COUNTERFACTUAL CPI ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC LOSS ECONOMIC SHOCKS ECONOMIC SPECIALIZATION EDUCATION ELASTICITY EXPENDITURES FAMILY INCOME FINANCIAL CRISIS GDP HEALTH HEALTH CARE HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSING IMPACT ASSESSMENT INCIDENCE OF POVERTY INCOME INFLATION INNOVATION INSURANCE LABOR FORCE LIVING STANDARDS LOCAL AUTHORITIES MALNUTRITION MORTALITY NUTRITION POVERTY IMPACTS POVERTY LINE POVERTY MEASURES POVERTY RATES POVERTY REDUCTION PUBLIC GOODS REGIONAL POVERTY SAMPLE SIZE SOCIOECONOMIC SURVEYS STANDARD OF LIVING STD TIME SERIES UNEMPLOYMENT WEALTH
spellingShingle	ABSOLUTE POVERTY AGGREGATE INCOME AGRICULTURE BASE YEAR CONSUMER PRICE INDEX CONSUMPTION PATTERNS COUNTERFACTUAL CPI ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC CONTRACTION ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC LOSS ECONOMIC SHOCKS ECONOMIC SPECIALIZATION EDUCATION ELASTICITY EXPENDITURES FAMILY INCOME FINANCIAL CRISIS GDP HEALTH HEALTH CARE HOUSEHOLD INCOME HOUSEHOLD SURVEYS HOUSING IMPACT ASSESSMENT INCIDENCE OF POVERTY INCOME INFLATION INNOVATION INSURANCE LABOR FORCE LIVING STANDARDS LOCAL AUTHORITIES MALNUTRITION MORTALITY NUTRITION POVERTY IMPACTS POVERTY LINE POVERTY MEASURES POVERTY RATES POVERTY REDUCTION PUBLIC GOODS REGIONAL POVERTY SAMPLE SIZE SOCIOECONOMIC SURVEYS STANDARD OF LIVING STD TIME SERIES UNEMPLOYMENT WEALTH Ravallion, Martin Lokshin, Michael Lasting Local Impacts of an Economywide Crisis
geographic_facet	East Asia and Pacific Indonesia
relation	Policy Research Working Paper No. 3503
description	The immediate welfare costs of an economywide crisis can be high, but are there also lasting impacts? And are they greater in some geographic areas than others? The authors study Indonesia s severe financial crisis of 1998. They use 10 national surveys spanning 1993 2002, each covering 200,000 randomly sampled households, to estimate the impacts on mean consumption and the incidence of poverty across each of 260 districts. Counterfactual analyses indicate geographically diverse impacts years after the crisis. Proportionate impacts on the poverty rate were greater in initially better off and less unequal areas. In the aggregate, a large share - possibly the majority - of those Indonesians who were still poor in 2002 would not have been so without the 1998 crisis.
format	Publications & Research :: Policy Research Working Paper
author	Ravallion, Martin Lokshin, Michael
author_facet	Ravallion, Martin Lokshin, Michael
author_sort	Ravallion, Martin
title	Lasting Local Impacts of an Economywide Crisis
title_short	Lasting Local Impacts of an Economywide Crisis
title_full	Lasting Local Impacts of an Economywide Crisis
title_fullStr	Lasting Local Impacts of an Economywide Crisis
title_full_unstemmed	Lasting Local Impacts of an Economywide Crisis
title_sort	lasting local impacts of an economywide crisis
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/02/5623854/lasting-local-impacts-economywide-crisis http://hdl.handle.net/10986/8905
_version_	1764407093082718208

Lasting Local Impacts of an Economywide Crisis

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