DOES DEMOCRATISATION PROMOTE COMPETITION? EVIDENCE FROM INDONESIA

• 成果类型: Article
• 署名作者: Hallward-Driemeier, Mary; Kochanova, Anna; Rijkers, Bob
• 署名单位: Cardiff University
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueab023
• 发表日期: 2021
• 页码: 3296-3321
• 关键词: political connections; CORRUPTION; DEMOCRACY; capture; state

摘要

Does democratisation 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.