Successful international experiences in promoting productive investments outside hydrocarbons : case of Indonesia

Abstract EN

Diversification is often presented as a desirable policy goal for oil-rich countries.

This paper examines the relationship between export diversification and the promotion of investment outside hydrocarbons.

and the policies adopted by Indonesia.

We use annual data from 1980 to 2018 to examine the long-term relationship and dynamic interactions among variables we found that export diversification plays an important role in Indonesia's economic growth.