Indonesia’s Non-Oil Export Performance During The : Economic Crisis : Distinguishing Price Trends From Quantity Trends  

Oleh:

Rosner, L.

Jenis: Article from Journal - ilmiah nasional
Dalam koleksi: BIES: Bulletin of Indonesian Economic Studies vol. 36 no. 2 (2000), page 61-96.
Topik: export; non - oil export; economic crisi; price trends; quantity trends

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: BB59.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Despite an enormous currency depreciation, the growth rate of Indonesia's non - oil exports, measured in dollars, did not accelerate during the first two years of the Asian crisis. In fact, during the second year of the crisis non - oil export value dropped sharply. This paper demonstrates that the main reason for the decline in the dollar value of non - oil exports was a collapse of export prices. Non-oil export dollar prices fell 26% between the second quarter of 1997 and the second quarter of 1999. Measured at constant prices, non - oil exports grew 24 % and manufactured exports 31 % during this period. Non - oil import prices fell by roughly the same amount as non - oil export prices during the crisis, with little change in the non-oil terms of trade. The decline in the price of traded goods significantly reduced the magnitude of the real exchange rate depreciation experienced by Indonesia.

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