Does democratization promote competition? Evidence from Indonesia

Hallward-Driemeier, Mary, Kochanova, Anna ORCID: https://orcid.org/0000-0003-3531-7561 and Rijkers, Bob 2021. Does democratization promote competition? Evidence from Indonesia. Economic Journal 131 (640) , pp. 3296-3321. 10.1093/ej/ueab023

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Abstract

Does democratization promote economic competition? This paper documents that the disruption of political connections associated with Suharto’s fall had a modest pro-competitive effect on Indonesian manufacturing industries. Firms with connections to Suharto lost substantial market share following his resignation. Industries in which Suharto family firms had larger market share during his tenure exhibited weak improvements in broader measures of competition in the post-Suharto era relative to industries in which Suharto firms had not been important players.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Wiley
ISSN:	0013-0133
Date of First Compliant Deposit:	22 April 2021
Last Modified:	18 Nov 2023 17:37
URI:	https://orca.cardiff.ac.uk/id/eprint/140544

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