Do Crises Catalyze Creative Destruction? Firm-level Evidence from Indonesia
Using Indonesian manufacturing census data (1991–2001), this paper rejects the hypothesis that the East Asian crisis unequivocally improved the reallocative process. The correlation between productivity and employment growth did not strengthen, and the crisis induced the exit of relatively productiv...
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| Language: | en_US |
| Published: |
MIT Press
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/16607 |