Penanaman modal asing dan demokrasi: analisis data panel Provinsi-Provinsi di Indonesia
DOI:
https://doi.org/10.22437/jpe.v16i2.12190Keywords:
FDI, Democracy, Investment, Indonesian democracy indexAbstract
Foreign investment is very important for developing countries in economic development because of the low domestic investment capacity. Democracy is considered as one of the aspects that has an impact on investment, although there is still debate as to whether the impact is positive, negative, or neutral. Many other factors influence the inflow of foreign investment into a country, including the size of the economy, the level of wages, domestic investment, and the quality of human resources. Using a panel data regression analysis of provinces in Indonesia with a random effect model, we try to look at the factors that influence foreign investment inflows to Indonesia. We find that the democracy index in Indonesia's provinces does not affect foreign investment inflows
Â
Downloads
References
Alfaro, L. (2003). Alfaro, L. (2003) Foreign direct investment and growth : does the sector matter ? Harvard Business School, Business School in Boston: Massachusetts
Arbatli, E. (2011). Economic policies and FDI inflows to emerging market economies; IMF working paper, international monetary fund, Hal.1-25
Bolo, A. D. (2019). Demokrasi di Indonesia: pancasila sebagai kontekstualisasi demokrasi. Melintas, 34(2), 145–167. https://doi.org/10.26593/mel.v34i2. 3389.145-167
Borensztein, E., Gregorio, J. De, & Lee, J.-W. (1998). How does foreign direct investment affect economic growth in China? Journal of International Economics, 45, 115–135. https://doi.org/10.1111/1468-0351.00095
BPS. (2020). Berita resmi statistik indeks demokrasi Indonesia. Diakses dalam http://bps.go.id, Tanggal 12 Juli 2020, Pukul 12.30 WIB
Castro, D. (2014). Foreign direct investment and democracy. Faculty Sponsor: Aziz Berdiev
Damodar N., Gujarati dan Dawn C. Porter. (2009). Basic econometric 5th Edition. McGraw –Hill: New York.
Iamsiraroj, S. (2016). The foreign direct investment-economic growth nexus. International Review of Economics and Finance, 42(March 2016), 116–133. https://doi.org/10.1016/j.iref.2015.10.044
Irawan, B. B. (2006). Perkembangan demokrasi di Indonesia. Perspektif, 5(3), 54–64. http://jurnal.untagsmg.ac.id/index.php/hdm/article/viewFile/312/364
Khachoo, A. Q., & Khan, M. I. (2012). Determinants of FDI inflows to developing countries : a panel data analysis, Munich Personal RePEc Archive (MPRA), Department of economics, Pondicherry university, Centre for Development Studies, Trivandrum: Kerala
Ndikumana, L., & Verick, S. (2008). The linkages between fdi and domestic investment: unravelling the developmental impact of foreign investment in Sub-Saharan Africa. 26(6), 713–726.
Oztruk, I., & Kalyoncu, H. (2008). Foreign direct investment and growth: an empiricial investigation based on cross-country comparison. Munich Personal RePEc Archive(MPRA) Paper, 9636. 75-81
Sharma, K., & Bandara, Y. (2010). Trends, patterns and determinants of Australian foreign direct investment. Journal of Economic Issues, 44(3), 661–676. https://doi.org/10.2753/JEI0021-3624440305
Tavares, J., & Wacziarg, R. (2001). How democracy affects growth. European Economic Review, 45(8), 1341–1378. https://doi.org/10.1016/S0014-2921(00)00093-3
Zhang, X., & Daly, K. (2011). The determinants of China’s outward foreign direct investment. Emerging Markets Review, 12(4), 389–398. https://doi.org/10.1016 /j.ememar.2011.06.001
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 Dolly Hazmi, Fitri Ayu, Neng Kamarni
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
