[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
IDEAS home Printed from https://ideas.repec.org/a/taf/bindes/v57y2021i2p175-201.html
   My bibliography  Save this article

The Importance Of Financial Liberalisation For Economic Growth: The Case Of Indonesia

Author

Listed:
  • Krisna Gupta
Abstract
Indonesia has been struggling to return to the levels of economic growth it achieved before the Asian financial crisis. The government has been working on more liberal investment policies to attract external finance, both through portfolio investment and direct investment, while also trying to control the risk premia that may be associated with financial liberalisation. This article examines the mechanisms of the policies to, among other things, improve access to finance and encourage productivity growth through more effective matching of capital with labour, as well as the use of global best practices. The potential gains for the Indonesian economy are shown using an extension of the Global Trade Analysis Project (GTAP) model that covers possible changes in the cost of capital. The results indicate that the Indonesian economy could benefit substantially if the government allows a short-term trade deficit.

Suggested Citation

  • Krisna Gupta, 2021. "The Importance Of Financial Liberalisation For Economic Growth: The Case Of Indonesia," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 57(2), pages 175-201, May.
    • Handle: RePEc:taf:bindes:v:57:y:2021:i:2:p:175-201
    DOI: 10.1080/00074918.2020.1747596
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00074918.2020.1747596
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00074918.2020.1747596?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bindes:v:57:y:2021:i:2:p:175-201. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CBIE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.