Pengaruh Indeks Persepsi Korupsi, Inflasi dan Nilai Tukar terhadap Investasi Asing Langsung di ASEAN-5

Muhammad Cahya Purnama

doi:10.53867/jea.v2i2.50

Authors

Muhammad Cahya Purnama Jurusan Ilmu Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis, Universitas Sultan Ageng Tirtayasa

DOI:

https://doi.org/10.53867/jea.v2i2.50

Keywords:

corruption perception index, exchange rate, foreign direct investment, inflation

Abstract

This study analyzes the effect of the corruption perception index (CPI), inflation, and the exchange rate on foreign direct investment (FDI) in ASEAN-5. The data used is secondary time-series data for 2005-2021, sourced from Transparency International and the World Bank. Data were analyzed using panel data regression. The study results show that CPI, inflation, and the exchange rate significantly affect FDI in ASEAN-5. Partially the corruption perception index and the exchange rate have a significant effect on FDI in ASEAN-5, while inflation has no significant effect.

Downloads

Download data is not yet available.

References

Abdul, B., Abdul, Z., & Naufal, M. (2019). Corruption and Foreign Direct Investment (FDI) in ASEAN-5 : A Panel Evidence. Economics and Finance in Indonesia, 64(2), 145–156.

Afni, R. N. (2016). Pengaruh Inflasi, Produk Domestik Bruto, Corruption Perception Index, Dan Indeks Harga Saham Terhadap Foreign Direct Investment Di Indonesia Periode (2005-2014). Jurnal Ilmu Manajemen (JIM), 4(2), 42–54.

Anwar, C. J. (2016). Faktor-Faktor Yang Mempengaruhi Foreign Direct Investment (FDI) di Kawasan Asia Tenggara. Media Trend, 11(2), 175-194. https://doi.org/10.21107/mediatrend.v11i2.1621

Castro, P. G. de, Fernandes, E. A., & Campos, A. C. (2013). The Determinants of Foreign Direct Investment in Brazil and Mexico: An Empirical Analysis. Procedia Economics and Finance, 5(13), 231–240. https://doi.org/10.1016/s2212-5671(13)00029-4

Dima, M.S. & Maulida, N. (2022). Pengaruh Dana Pihak Ketiga Dan Inflasi Terhadap Profitabilitas Pada Bank Umum Syariah Bumn Pada Tahun 2016-2020. Jurnal Asy-Syarikah: Jurnal Lembaga Keuangan, Ekonomi Dan Bisnis Islam, 4(2), 92–108. https://doi.org/10.47435/asy-syarikah.v4i2.1051

Fazira, D. R., & Cahyadin, M. (2018). The impact of interest rate, Corruption Perception Index, and economic growth on Foreign Direct Investment in ASEAN-6. Jurnal Keuangan dan Perbankan, 22(4), 707-713. https://doi.org/ 10.26905/jkdp.v22i4.2123

Gujarati, D. N dan Poter, D. C. 2013. Basic Econometrics. Edisi 5. Jakarta: Salemba

Hoang, H. Hong, & Bui, H. Duc. 2015. Determinants Of Foreign Direct Investment In ASEAN: A Panel Approach. Management Science Letters, 5(18), 213-322

Kaliappan, K.M., & WanaIsmail, N. (2015). Determinants of Services Foreign Direct Investment Inflows in ASEAN Countries. International Journal of Economics and Management, 9(1), 45-69

Santoso, A. B. D. A. (2018). Analisis Faktor-Faktor Yang Mempengaruhi Foreign Direct Invesment di Lima Ngeara ASEAN. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 2(1), 72–80. https://journal.untar.ac.id/index.php/jmieb/article/view/1662

Saragih, C. A. M., Haryadi, H., & Emilia, E. (2021). Pengaruh Produk Domestik Bruto, Suku Bunga, dan Inflasi terhadap Foreign Direct Investment di Indonesia Periode 2000-2017. Jurnal Ekonomi Aktual, 1(1), 35–44. https://doi.org/10.53867/jea.v1i1.4

Saragih, G. S. (2019). Pengaruh Indikator Makroekonomi dan Persepri Korupsi Terhadap Foreign Direct Investment (FDI) di Indonesia, Filipina, dan Thailand. Jember: Fakultas Ekonomi dan Bisnis Universitas Jember

Sasana, H., & Fathoni, S. (2019). Determinant of Foreign Direct Investment Inflows in ASEAN Countries. Jejak, 12(2), 253–266. https://doi.org/10.15294/jejak.v12i2.18785

Suhendra, I., Istikomah, N., & Anwar, C. J. (2022). On Foreign Direct Investment from the ASEAN-8 Countries: A Panel Data Estimation. WSEAS Transactions on Business and Economics, 19, 150–160. https://doi.org/10.37394/23207.2022.19.16

Tambunan, R. S., Yusuf, Y., & Mayes, A. (2015). Pengaruh Kurs, Inflasi, Libor Dan PDB Terhadap Foreign Direct Invesment (FDI) di Indonesia. Jurnal Ekonomi, 23(1), 59-84. https://je.ejournal.unri.ac.id/index.php/JE/arti cle/view/5781

Vijayakumar, N., Sridharan, P. & Rao, K.C.S (2010). Determinants of FDI in BRICS Countries: A panel analysis. Int. Journal of Business Science and Applied Management, 5(3),2-13

Wilantari, R. N., Saragih, G. S., & Prianto, F. W. (2020). Persepsi Korupsi dan Kondisi Makroekonomi Terhadap Investasi Asing Di Indonesia, Filipina dan Thailand. Media Trend, 15(1), 174–184. https://doi.org/10.21107/mediatrend.v15i1.6745