This study investigates the source of productivity growth in the Indonesian banking sector during 19 years from 1993 to 2011. The industry had been through several periods of reforms, starting from the radical deregulation in the late 1980s, the restructuring period following the 1997 Asian...

Despite growing concern regarding the productivity benefits of foreign direct investment (FDI), very few studies have been conducted on the impact of FDI on firm-level technical efficiency. This study helps fill this gap by empirically examining the spillover effects of FDI on the technical...