Record Detail

Link : https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2850852

Abstract
Greek debt crisis, June-July 2015, has been reported by many media. IMF and European countries are very busy o face that crisis. Every country in the world worries about a crisis, including financial crisis. The crisis with happened in one country can effect to other countries. This paper analyzes ten Indonesian export commodities before and during financial crisis. In relation to the crisis, the question is that the crisis is a contagion effect on the commodities? Moreover, this paper is also clustering the commodities. This paper concludes that the crisis does not effect to those commodities. It means that there are no differences between value of export before and during the crisis. Furthermore, this paper argues that there is an enough argument for clustering that the ten export commodities are superior. It also that using the cluster is only appropriate for “unidentified distance” clearly and contagion effect is not useful for indirect effects. This paper, then suggest that the Government of Indonesia is advisable to maintain and develop exporter to export that products, including exporters of SMEs and it should not too worry about the crisis. So that product quality can have an international reputation. Indonesia is also suggested to build a network in the provinces in Indonesia or regions to develop professionalism exporters.
Keywords: export commodity, financial crisis, contagion effect, and hierarchical cluster