The presence of multinational corporations (MNC) in the developing economies has to a certain extent, has enhanced efficiency across domestic firms, comparable to the advanced economies. This paper seeks to examine the extent of this convergence between the foreign and domestic firms in the...

This paper attempts a critical review of existing spillover analysis and advances an alternative framework for examining spillover effects in a manufacturing industry context. It enables us to determine the extent of spillover effects in the presence of multinational companies in a host country....