Analysis of the Influence of Direct Investment and Labor on Economic Growth in Indonesia

Authors

  • Meri Epriyanti Economic Development, University of Bengkulu
  • Sunoto Sunoto Economic Development, University of Bengkulu

DOI:

https://doi.org/10.55927/fintech.v2i4.11939

Keywords:

Direct Invesment, Labor, Economic Growth

Abstract

This study aims to analyze the effect of investment and labor on economic growth in Indonesia. One of the factors that affects economic growth is foreign direct investment (FDI). In addition to FDI, labor also plays an important role in economic growth. This study uses secondary data in the form of a thirteen-year time series from 2010-2023, namely with direct investment variables (X1) and Labor (X2). The analysis method used is quantitative, using Multiple Linear Analysis Techniques with the help of the E-Views 9 program. The results of this study indicate that direct investment and labor variables have a significant positive impact on economic growth in Indonesia.

Downloads

Download data is not yet available.

Author Biography

Sunoto Sunoto, Economic Development, University of Bengkulu

-

References

Candra, B. (2019). The Influence of Labor on Economic Growth in Indonesia. Indonesian Economic Journal, 8(2), 123-145.

Hadi, I., & Utami, N. (2021). The Role of Foreign Investment in Economic Development: Evidence from Indonesia. International Journal of Economics and Financial Issues, 11(3), 32-45. https://doi.org/10.32479/ijefi.11310

Husna, S., & Pramudya, Y. (2020). Analyzing the Impact of Foreign Direct Investment on Economic Growth in Indonesia. Asian Economic Policy Review, 15(4), 55-68. https://doi.org/10.1111/alepr.12204

Kurniawan, S., & Azhari, M. (2022). Labor Force and Economic Growth: AL Panel Data Analysis of Indonesia. Economic Modelling, 103, 105569. https://doi.org/10.1016/j.econmod.2022.105569

Lestari, AL., & Pratama, E. (2020). Effects of Foreign Direct Investment and Labor Market on Indonesia's Economic Growth. Journal of Development Economics, 15(2), 78-89. https://doi.org/10.1016/j.jdeveco.2020.04.002

Marwan, H., & Sari, D. (2019). The Influence of Labor and Foreign Direct Investment on Economic Growth: A Case Study of Indonesia. Journal of Economic Development, 24(2), 145-159. https://doi.org/10.35848/2528-7524/24/2/3

Prasaja, AL. (2016). Analysis of the Impact of Foreign Direct Investment on Indonesia's Economic Growth. Journal of Economics and Development, 14(1), 45-58

Rizal, R., & Ayub, N. (2023). The Impact of Foreign Direct Investment on Economic Growth in Southeast Asia: Evidence from Indonesia. Journal of Asian Economics, 80, 102328. https://doi.org/10.1016/j.alsieco.2023.102328

Widodo, T., & Zalinal, AL. (2021). Foreign Direct Investment, Labor Productivity, and Economic Growth in Emerging Malrkets. Emerging Malrkets Finalnce alnd Tralde, 57(1), 214-228. https://doi.org/10.1080/1540496X.2020.1765662

Walhyuni, S., & Hermalwaln, J. (2019). The Interalction of Lalbor Force alnd Foreign Direct Investment on Economic Growth in Developing Countries. Globall Economics Review, 14(1), 112-126. https://doi.org/10.11648/j.ger.2019.04.01.16

World Economic Forum. (2021). The Globall Competitiveness Report 2021. Geneval: World Economic Forum.

Yulialnal, M., & Yalnto, M. (2018). Determinalnts of Economic Growth in Indonesial: AL Study on the Role of FDI alnd Lalbor. Economic Resealrch-Ekonomskal Istralživalnjal, 31(1), 317-330. https://doi.org/10.1080/1331677X.2018.1459084

Zalinuddin, AL., & Lestalri, F. (2018). The Impalct of Foreign Direct Investment alnd Lalbor on Economic Growth: Evidence from Indonesial. Internaltionall Journall of Economics alnd Finalnciall Issues, 8(2), 20-30. https://doi.org/10.32479/ijefi.6807

Downloads

Published

2024-10-31

How to Cite

Epriyanti, M. ., & Sunoto, S. (2024). Analysis of the Influence of Direct Investment and Labor on Economic Growth in Indonesia. Indonesian Journal of Banking and Financial Technology, 2(4), 263–280. https://doi.org/10.55927/fintech.v2i4.11939