Ikhtisar - Economic crisis and trade liberalization: A CGE analysis on the forestry sector

Awicaks

Sektor kehutanan adalah sektor yang dipelihara oleh lembaga-lembaga keuangan internasional (international financial institutions, IFIs) mengingat pentingnya peran sektor ini dalam memastikan dikuasainya lahan produktif oleh Negara untuk kepentingan investasi.

clipped from www.csis.or.id By Tubagus Feridhanusetyawan and Yose Rizal Damuri February 6, 2004 This paper uses simulations based on a GTAP model to reproduce the economic crisis in Southeast Asia, and in particular in Indonesia. The model is a static-real sector model, so the focus of the simulation is on the declining investment and the declining prices of non-traded goods during the crisis. The simulation is conducted by creating an exogenous shock on risk premium in Indonesia, Thailand and Malaysia, which leads to smaller allocation of regional investment in these countries, lower stock of capital goods, and lower production. The second shock, which is the declining price of land and natural resource, opens the possibility of resource allocation between sectors in the economy. Economic crisis and trade liberalization: A CGE analysis on the forestry sector