Hirawan, Fajar Bambang (2008): An Analysis of Employment and Growth in Java after the Economic Crisis 1997/1998: Examining the Role of Farm Activities in West Java.
Download (347kB) | Preview
In this paper, we examine the relationship between employment and economic growth in the most populated island in Indonesia, Java, specifically in West Java. When Indonesia suffered a dreadful economic crisis during 1997/1998, none of the regions or sectors survived its impact, especially farm and non-farm activities. The economy started to improve in the year 2000, but non-economic fundamental factors significantly impacted the economy at that time. The results of this paper indicate that employment has a relationship to economic growth. In West Java farm activities, which are agriculture, livestock, forestry, and fisheries (ALFF), have a negative correlation with economic growth. On the other hand, non-farm activities have a positive correlation with economic growth. The value of the coefficient of variation (CV) surprisingly signifies that employment and GDP relating to farm activities in West Java are more stable than non-farm activities after the economic crisis of 1997/1998.
|Item Type:||MPRA Paper|
|Original Title:||An Analysis of Employment and Growth in Java after the Economic Crisis 1997/1998: Examining the Role of Farm Activities in West Java|
|Keywords:||Employment; Economic Growth; West Java; Farm Activities; Non-Farm Activities|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J21 - Labor Force and Employment, Size, and Structure
C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C40 - General
C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
|Depositing User:||Fajar Bambang Hirawan|
|Date Deposited:||13. Sep 2008 00:57|
|Last Modified:||18. Jan 2015 15:24|
Chenery, H. B., M. Syrquin (1975). Pattern of Development 1950-1970. London: Oxford University Press.
Kaldor, N. (1966). Causes of the Slow Rate of Economic Growth in the United Kingdom. Cambridge: Cambridge University Press.
Okun, A.M. (1962). Potential GDP: Its Measurement and Significance. Proceedings of the Business and Economic Section. Washington DC: American Statistical Association, pp. 98-104.
Verdoorn, P.J. (1949). “Fattori che regolano lo sviluppo della produttivita del lavoro,” L’industria, pp. 45-53, translated in L.L. Pasinetti, Italian Economic Papers, Vol. 2, Oxford, pp. 59-68.