Pengaruh Kebijakan Makroekonomi Dan Kualitas Kelembagaan Terhadap Foreign  Di¬rect Investment Di Asean 6

Febrina, Puspa; Sumiyarti, None

doi:10.25105/me.v22i3.3194

Cited by 3 publications

(3 citation statements)

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“…In an equilibrium condition, the amount of saving must be equal to investment, and this shows that the level of investment actually depends also on the level of income, in the sense that the greater the income, the greater the level of investment, or vice versa. The results of this study are consistent with previous research by Sarwedi (2002: 32), Surianti (2011), Febrina (2014), and Letarisky (2014: 1) that the GDP variable or gross domestic product has a positive and significant effect on foreign direct investment. However, the results of other researchers Sambodo (2003) state that the GDP variable has a positive and significant effect when a crisis occurs.…”

Section: Variable Gross Domestic Product (Gdp)supporting

confidence: 92%

The Analysis of Foreign Direct Investment and Its Affecting Factors in Indonesia

Astuty¹

2021

QEJournal

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Foreign Direct Investment gave benefits in improving Indonesia's economics matters in Indonesia. Conseptually, Foreign Direct Investment (FDI) more benefecial because no return to the investor such as debt in foreign country, beside Foreign Direct Investment (FDI) in a country will be followed by transfer of technology, know-how, management skills, the risks of business was smaller and more profitable. However, the problem of global economic that occured affecting the development of Foreign Direct Investment (FDI) in Indonesia decreased and the growth became slowly. Then domestic and global factors weren’t stable influencing the decrease Foreign Direct Investment (FDI) in Indonesia. Therefore, it’s needed to examine the factors influencing Foreign Direct Investment (FDI). This study aimed to know and analyze some factors affecting Foreign Direct Investment (FDI) in Indonesia consisting gross domestic product, the level of real interest, exchange rates, labour produtivity, and exports. The affecting analysis be done in short-time by using Error Correction Mechanism = ECM technique. It was used time series data from 2000 to 2013 using Eviews 6.0. The type of data used was secondary data obtained from Indonesia Bank (BI), Central Bureau of Statistics (BPS), Federal Reserve Bank of St. Louis and United Nations Economic Social Commision for Asia and the Pacific (UNESCAP). The results of this study showed that gross domestic product, the level of real interest, exchange rates, and labour productivity had positive affection significantly on Foreign Direct Investment (FDI) in Indonesia. While the exports had negative affection significantly on Foreign Direct Investment (FDI) in Indonesia. From determination coefficient (R2) showed that the variables explained 97.13 percent on Foreign Direct Investment (FDI) in Indonesia while the rest 2.87 percent was explained by variables out of models (not studied).

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Section: Variable Gross Domestic Product (Gdp)supporting

confidence: 92%

The Analysis of Foreign Direct Investment and Its Affecting Factors in Indonesia

Astuty¹

2021

QEJournal

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“…The result shows that a stable institutional framework will drive economic growth, while weak institutional activity causes stagnant economic growth (Jain et al, 2017). Buchanan et al (2012), in their study of institutional quality with FDI-flow, conclude that institutional quality strongly influences FDIflow; thus, the institutional quality significantly provides positive impact on FDI (Febrina & Sumiyarni, 2014). The study is statistically not much different from Globerman and Shapiro (2002) who examine institutions with their foreign investment.…”

Section: Review Of Literaturementioning

confidence: 99%

Institutional Quality and Sukuk Development: A Study of Five OIC Countries

Basyariah¹,

Kusuma

Qizam

2020

Shirkah

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The objective of this study is to shed some light on the effect of institutional quality on the development of the global sukuk market. Specifically, this study examines the impacts of the institutional quality that adopts three dimensions of the Worldwide Governance Indicators (WGI), i.e., Rule of Law (RL), Regulatory Quality (RQ), and Government effectiveness (GE) on the global sukuk development of the top-five countries of sukuk issuance, i.e., Malaysia, Kingdom of Saudi Arabia, United Arab Emirates, Indonesia, and Bahrain. Drawing on a quantitative study with the data in the forms of global sukuk issuance from 2002 to 2017, panel-data regression (OLS) and General Method of Moment (GMM) were applied. This study showed that RL and GE have a significantly positive effect on sukuk issuance; however, RQ did not influence the development of the global sukuk market. These results imply that a country that is capable to maintain the institutional quality, especially in terms of rule of law and government effectiveness, will most likely be the country that can successfully develop the sukuk market. These results play a crucial role in filling a research gap among previous studies and provide an empirical evidence of the government’s role and its influence on the sukuk development.

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“…Empirical research shows that institutional quality is an independent variable, one of which is research (Febrina, P., 2014) , his research concluded that institutional quality has a positive effect on Foreign Direct Investment (FDI). (Huang, 2010) found a positive impact of increasing the country's political stability (an indicator of institutional quality) on financial development.…”

Section: Introductionmentioning

confidence: 99%

Role of the State in Islamic Finance Development: A Worldwide Governance Indicator Approach

Ismail

Basyariah²

2022

iqtishaduna

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This research aims to empirically examine the institutional quality variable as a moderatingvariable between macroeconomic stability and the development of global Islamic finance andthe indicators of global sukuk instruments. This is to prove previous research which states thatmacroeconomic stability influences financial developments. Macroeconomic stability alsoinfluences the development of the sukuk market. There is empirical research that states thatinstitutional quality moderate financial developments, so research is directed at examininginstitutional quality as a moderator of macroeconomic stability in the development of the globalsukuk market. Exploratory quantitative research method, using secondary data panel datamodels in the form of development of sukuk with proxies for issuance of sukuk in countriesthat are active in issuing sukuk and registered on the International Islamic Financial Market(IIFM), and institutional quality comes from WGI -BI. The results of the analysis show that thequality of institutions moderates the macroeconomic stability of the development of sukuk,especially on the exchange rate and inflation indicators. While the GDPP moderation test forthe development of sukuk there is no evidence that institutional quality is a moderating variable.This research contributes empirically to the limitations of previous research which analyzedmacroeconomic stability without including the variable quality of government institutionswhich can be used as a basis for making decisions for investors in investing, regulators in makingrules, and issuers when issuing sukuk.

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Pengaruh Kebijakan Makroekonomi Dan Kualitas Kelembagaan Terhadap Foreign Di¬rect Investment Di Asean 6

Cited by 3 publications

References 0 publications

The Analysis of Foreign Direct Investment and Its Affecting Factors in Indonesia

The Analysis of Foreign Direct Investment and Its Affecting Factors in Indonesia

Institutional Quality and Sukuk Development: A Study of Five OIC Countries

Role of the State in Islamic Finance Development: A Worldwide Governance Indicator Approach

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