ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PENANAMAN MODAL ASING DI INDONESIA PERIODE 1988-2017
Abstract
Developing the economy of a state requires a significant amount of
budget. Because of the required fund is pretty abundant, foreign investment is also
necessary. By attracting foreign investor to invest into the state is not easy,
making this concern to be interesting to research.
This research is a quantitative research. The variables used were foreign
investment, export, currency, and interests of 1998-2017. The data were analyzed
using data time series data with Error Correction Model (ECM) regression
method.
The research result shows that in both short-time or long-term, export and
currency has significant positive influence towards foreign investment in
Indonesia. Meanwhile, the interest rate has positive effect yet insignificant
towards the foreign investment in Indonesia. ECT in short term has significantly
negative influence and shows that there is an unbalance between short-term and
long-term concerns.