The Impact of Foreign Direct Investment, Domestic Investment, Balance Fund, And Number of Population To Economic Growth In Indonesia

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 4

Year of Publication : 2020

Authors : Fitriyah, Khintan Wulandari, Imam Mukhlis

10.14445/23939125/IJEMS-V7I4P122

How to Cite?

Fitriyah, Khintan Wulandari, Imam Mukhlis, "The Impact of Foreign Direct Investment, Domestic Investment, Balance Fund, And Number of Population To Economic Growth In Indonesia," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 4, pp. 179-187, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I4P122

Abstract:

This study aims to determine the effect of Foreign Direct Investment (FDI), Domestic Investment (DI), Balance Fund (BF), and the number of the population (P) on economic growth (EG) in 34 provinces in Indonesia in 2014-2018. The data analysis technique uses panel data regression, and the chosen model is the Fixed Effect Model (FEM). Estimation results show that (1) Foreign Direct Investment (FDI) has a positive and significant impact on economic growth in Indonesia in 2014-2018; (2) Domestic Investment (DI) has a positive and significant correlation to economic growth in Indonesia in 2014-2018; (3) Balance Fund (BF) has a positive and significant effect to economic growth in Indonesia in 2014-2018; (4) The population has a positive and significant effect to economic growth in Indonesia in 2014-2018; and (5) Foreign Direct Investment (FDI), Domestic Investment (DI), Balance Fund (BF), and Population Number (P) altogether influence the economic growth in Indonesia during 2014-2018.

Keywords:

Economic Growth, Foreign Direct Investment, Domestic Investment, Balance Fund, Population.

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