Sulistiyo Kadam Ardiyono's picture

Sulistiyo Kadam Ardiyono


Contact details

PhD programme


Topic title

Firms’ Responses to Shocks and the Impacts on Investments and Employment

Topic description

My thesis investigates how firms respond to shocks, such as government policies, foreign demand shocks, and the Covid-19 pandemic, and how their responses affect investment and employment. In a broader context, the study intersects with international trade and investments, structural reform, and financial stability.

Supervisor(s) and panel members

Arianto Patunru
Yixiao Zhou
Markus Brueckner


Covid-19 pandemic, firms’ responses, and unemployment in the ASEAN-5 (2022), published on Economic Analyses and Policy,

The impact of employment protection on FDI at different stages of economic development (2022), published on The World Economy,

Firms’ responses to foreign demand shocks: Evidence from Indonesia after the global financial crisis, published on Economic Modelling, Working Paper No.2022/05 (under revision), Arndt-Corden Department of Economics (ACDE) Working Papers in Trade and Development

Indonesia works through employment protection (2022), East Asia Forum, available here

Employment history

The Central Bank of Indonesia (2009-present)

Mailing address

Crawford School of Public Policy
ANU College of Asia & the Pacific
J.G. Crawford Building No. 132
Lennox Crossing
The Australian National University
Canberra ACT 2601 Australia

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