A path over which an economic crisis has affected macroeconomic and social variables such as production volume, real income per capita, prices, export, import, employment, income distribution, and poverty. electrical signals can pass; “a channel is typically what you rent from a telephone company” channel. transmission - communication by means of transmitted signals.
Published in Chapter:
Development of Small Businesses During Economic Crises: Evidence From Indonesia
tulus tambunan (Center for Industry, SME and Business Competition Studies, Universitas Trisakti, Indonesia)
Copyright: © 2021
|Pages: 26
DOI: 10.4018/978-1-7998-7657-1.ch001
Abstract
This is a descriptive study that aims to estimate the impact of three economic crises (i.e., the 1997/98 Asian financial crisis, the 2008/09 global financial crisis, and the COVID-19 pandemic crisis) on small businesses in Indonesia and to explore their crisis mitigation measures (CMMs). It adopted an exploratory methodology with comprehensively reviewing the available literature (e.g., policy documents, research papers, and reports) on the subject being studied. The data collection technique applied was literature study. It shows that different types of crises have different transmission channels through which such crises affected small businesses. CMMs adopted by affected small businesses also vary by different types of crises and hence different business risks. To the best of author's knowledge, this is the first study that examines transmission channels through which such crises affected small businesses in Indonesia.