DETERMINAN ALIRAN FOREIGN DIRECT INVESTMENT DI INDONESIA (PENDEKATAN MODEL DUNNING)
Abstract
Traffic capital across countries is one of investment opportunities from domestic and abroad to stimulate the economic growth of developing countries. Compared to other forms of capital, Foreign Direct Investment is the flow of capital is long-term and relatively not as vulnerable to economic shocks. The aim of this study is to see the performance of FDI movement as a capital inflow in Indonesia and to explores whether factors that affect FDI using Dunning’s ecletic model. This study focused on two basic analysis, descriptive analysis and quantitative analysis using the Error Correction Model (ECM). The results of short-term ECM estimate shows that FDI is influenced by inflation and the degree of economic openness. Furthermore, the result in the long term ECM estimate show that only variable that infrastructure does not significantly affect the movement of FDI in Indonesia.
Keywords
Full Text:
PDFReferences
Ahmad, Nor Asma, dkk. 2015. The Impact of Infrastructure on Foreign Direct Investment in Malaysia, International Journal of Management Excellence, Vol. 5, no 11, 584-590
Anyanwu, John C. 2011. Determinants of Foreign Direct Investment Inflows to Africa, 1980-2007, Working Paper Series No. 136 September 2011. Asian Development Bank
Arifin, dkk. 2008. Masyarakat Ekonomi ASEAN 2015. Jakarta: PT Elex Media Komputindo
Asiedu, Elizabeth. 2002. On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different, World Development Vol 30, No. 1, 107-119. Elsevier.
Azam, M. 2010. Economic Determinants of Foreign Direct Investment ini Armenia, Kyrgyz Republic and Turkmenistan: Theory and Evidence, Eurasian Journal of Business and Economics 3, (6), 27-40.
Bouoiyour, Jamal. 2007. The Determining Factors of Foreign Direct Investment in Morocco, MPRA Paper No. 37326, 91-105
Demirhan, Erdal & Masca, Mahmut. 2008. Determinants of Foreign Direct Investment Flows to Developing Countries: A Cross-Sectional Analysis, Prague Economic Papers, 4. Turki: Fakultas Ekonomi dan Ilmu Administrasi Universitas Afyon Kocatepe
Kurniati, dkk. 2007. Determinan FDI, Working Paper. Bank Indonesia.
Nayak, Dinkar & Choudhury, Rahul N. 2014. A Selective Review of Foreign Direct Investment Theories, ARTNeT Working Paper Series No. 143. Bangkok: ESCAP
Niazi, et al. 2011. Does an Inflation and Growth of a Country Affect its Foreign Direct Investment? Journal of Management, Economics and Finance, 84-90
Omankhanlen, Alex Ehimare. 2011. The Effect of ExchangeRate and Inflation on Foreign Direct Investment and Its Relationship with Economic Growth in Nigeria. University of Galati
Sarwedi. 2002. Investasi Asing Langsung di Indonesia dan Faktor yang Mempengaruhinya. Universitas Negeri Jember
Sikwila, Mike Nyamazana. 2015. Foreign Direct Investment: Does it Matter? A Case for Zimbabwe, Research in Business and Economics Journal, Vol. 11.
Udo, Eli A & Obiora, Isitua K. 2006. Determinants of Foreign Direct Investment and Economic Growth in the West African Monetary Zone: A System Equations Approach. University of Ibadan.
Udoh, Elijah & Egwaikhide, Festus O. 2008. Exchange Rate Volatility, Inflation Uncertainty, and Foreign Direct Investment in Nigeria. BotswanaJOurnal of Economics, Vol. 5, No.7. 14-31
Uwubwanmen, Ahmed E & Ajao, Manyowa G. 2012. The Determinants and Impacts of Foreign Direct Investment in Nigeria, International Journal of Business and Management Vol. 7 No. 24. Canadian Center Science and Education.
Vijayakumar, Narayanamurthy, dkk. 2010. Determinants of FDI in BRICS Countries: A Panel Analysis, International Journal of Business Science and Applied Management, Volume 5, Issue 3.
Walsh, James. P & Yu, Jiangyan. 2010. Determinants of Foreign Direct Investment: A Sectoral and Institutional Approach, Working Paper. International Monetary Fund.
Wadhwa, Kavita. 2011. Foreign Direct Investment into Developing Asian Countries: The Role of Market Seeking, Resource Seeking and Efficiency Seeking and Efficiency Seeking, International Journal of Business and Management, Vol. 6, No. 11, 219-226
Wardhono, Adhitya. 2004. Mengenal Ekonometrika Teori dan Aplikasi. Edisi Pertama. Fakultas Ekonomi Universitas Jember
Widarjono, Agus. 2013. Ekonometrika, Pengantar dan Aplikasinya. UPP STIM YKPN
www.bi.go.id
www.bps.go.id
www.unctad.org
www.worldbank.org
DOI: https://doi.org/10.21107/mediatrend.v11i2.1541
Copyright (c) 2016 Media Trend