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The Political Economy of financial crisis in Malaysia and Indonesia: the social efficiency wage meets qualitative political science

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Abstract:

This paper explores the political economy of political unrest in Indonesia and Malaysia during the financial crisis. It also looks at the relationship between analytical-narrative explanation and econometric modelling. In particular it is a conversation with Mosley's writing on the social efficiency wage (also available in the paper archive). It follow the basic intuition of Mosley's model - that insufficient attentiont to distribution in crisis resolution strategies can create political conflict, which radically sabotages even the best-laid plans of economists. However, narrative accounts can provide more sophisticated analysis of the causal relationships between polciy, welfare changes, institutional quality and political conflict. In particular, policy choices and welfare acquire political meaning against actor perceptions formed by a historical background. This cannot be modelled but attempts to find proxies may be helpful in sharpening econometric models

Most Common Document Word Stems:

polit (136), crisi (56), econom (48), polici (48), govern (42), 0 (38), indonesia (37), also (33), particular (31), suharto (27), ethnic (27), term (25), one (24), social (23), malaysia (22), model (21), though (21), import (21), inequ (21), larg (20), conflict (20),

Author's Keywords:

Indonesia, Malaysia, financial crisis, political economy, methodology
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Name: International Studies Association 48th Annual Convention
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http://www.isanet.org


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MLA Citation:

Thirkell-White, Ben. "The Political Economy of financial crisis in Malaysia and Indonesia: the social efficiency wage meets qualitative political science" Paper presented at the annual meeting of the International Studies Association 48th Annual Convention, Hilton Chicago, CHICAGO, IL, USA, Feb 28, 2007 <Not Available>. 2008-12-11 <http://www.allacademic.com/meta/p178855_index.html>

APA Citation:

Thirkell-White, B. , 2007-02-28 "The Political Economy of financial crisis in Malaysia and Indonesia: the social efficiency wage meets qualitative political science" Paper presented at the annual meeting of the International Studies Association 48th Annual Convention, Hilton Chicago, CHICAGO, IL, USA Online <PDF>. 2008-12-11 from http://www.allacademic.com/meta/p178855_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Abstract: This paper explores the political economy of political unrest in Indonesia and Malaysia during the financial crisis. It also looks at the relationship between analytical-narrative explanation and econometric modelling. In particular it is a conversation with Mosley's writing on the social efficiency wage (also available in the paper archive). It follow the basic intuition of Mosley's model - that insufficient attentiont to distribution in crisis resolution strategies can create political conflict, which radically sabotages even the best-laid plans of economists. However, narrative accounts can provide more sophisticated analysis of the causal relationships between polciy, welfare changes, institutional quality and political conflict. In particular, policy choices and welfare acquire political meaning against actor perceptions formed by a historical background. This cannot be modelled but attempts to find proxies may be helpful in sharpening econometric models

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Associated Document Available International Studies Association 48th Annual Convention
Associated Document Available Political Research Online

Document Type: PDF
Page count: 26
Word count: 8748
Text sample:
The political economy of financial crisis in Malaysia and Indonesia: (the social efficiency wage meets qualitative political science) Ben Thirkell-White School of International Relations University of St Andrews tbt@st-andrews.ac.uk Working paper comments very welcome please do not cite without author permission. Prepared for the ISA annual Convention Chicago February 2007 Part of a project funded by the Economic and Social Research Council of Great Britain (British equivalent of SSRC) on ‘The political economy of pro-poor adjustment’ under its broader
new organisation Political Strong Policy is not in endogeneity my interest Helps to [because] confirm No-one listens to political me grievance Short-term iterative cycle 25 Bibliography 26


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