FDI spillovers in Indoensia's chemical industry : A stochastic production fro…

There has been increasing role of Foreign Direct Investment (FDI) in developindg countries since the 1980s. Interestingly, FDI is not only expected to bring direct effects, but also indierect effects or "spillovers" to a hosti economy. This paper aims to investigate FDI spillovers in the Indonesia's chemical industry, whether domestic firms benefit or not from foreign investmrnt. A stochastic p…