Determinasi Investasi di Negara Mayoritas Islam Berpendapatan Menengah Ke Bawah Asia
Main Article Content
Abstract
Penelitian ini bertujuan untuk mengetahui pengaruh kontrol korupsi, sewa sumber daya alam, kompleksitas ekonomi, dan angkatan kerja terhadap investasi di negara-negara mayoritas Islam berpendapatan menengah ke bawah Asia. Penelitian ini menggunakan data panel tahun 2010-2020 di 5 negara mayoritas Islam berpendapatan menengah ke bawah Asia menggunakan Fixed Effect Model (FEM). Variabel kontrol korupsi memiliki nilai koefisien sebesar 0.963 dan signifikansi 0.0001 < 0.05 maka kontrol korupsi berpengaruh positif signifikan terhadap PMTB. Variabel sewa sumber daya alam memiliki nilai koefisien sebesar 0.038 dan signifikansi 0.0063 < 0.05 maka sewa sumber daya alam berpengaruh positif signifikan terhadap PMTB. Variabel kompleksitas ekonomi memiliki nilai koefisien sebesar -0.839 dan signifikansi 0.0000 < 0.05 maka kompleksitas ekonomi berpangruh negatif signifikan terhadap PMTB. Variabel angkatan kerja memiliki nilai koefisien sebesar 1.550 signifikansi sebesar 0.0041 yaitu < 0.05 maka angkatan kerja berpangruh positif signifikan terhadap PMTB. Kesimpulannya adalah kontrol korupsi, sewa sumber daya alam, kompleksitas ekonomi, dan angkatan kerja berpengaruh terhadap PMTB.
Article Details
How to Cite
Determinasi Investasi di Negara Mayoritas Islam Berpendapatan Menengah Ke Bawah Asia. (2022). I-Finance: A Research Journal on Islamic Finance, 8(1), 49-67. https://doi.org/10.19109/ifinance.v8i1.12633
Section
Artikel
I-Finance by http://jurnal.radenfatah.ac.id/index.php/I-Finance is lincensed under a Creative Commons Attribution-ShareAlike 4.0 International Lisence.
How to Cite
Determinasi Investasi di Negara Mayoritas Islam Berpendapatan Menengah Ke Bawah Asia. (2022). I-Finance: A Research Journal on Islamic Finance, 8(1), 49-67. https://doi.org/10.19109/ifinance.v8i1.12633
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.
Alam, F. (2020). Ekonomi Politik Investasi Perusahaan Multinasional di Era Pemerintahan Joko Widodo. Politika: Jurnal Ilmu Politik, 11(2), 131–147. https://doi.org/10.14710/politika.11.2.2020.131-147
Aljarallah, R. A. (2020). Natural resource dependency, institutional quality and human capital development in Gulf Countries. Heliyon, 6(7), e04290. https://doi.org/10.1016/j.heliyon.2020.e04290
Alvarado, R., Tillaguango, B., Dagar, V., Ahmad, M., Is, C., & Toledo, E. (2021). Ecological footprint , economic complexity and natural resources rents in Latin America : Empirical evidence using quantile regressions. 318(March). https://doi.org/10.1016/j.jclepro.2021.128585
Anindita, F., Marbun, J., & Supriyadi, A. (2021). Pengaruh Produk Domestik Bruto, Nilai Ekspor, Dan Inflasi Terhadap Investasi Asing Langsung Di Indonesia Pada Tahun 2010-2019. Account, 8(1), 1455–1462. https://doi.org/10.32722/acc.v8i1.3878
BlackRock. (2021). Time to re-think Asia? BlackRock. https://www.blackrock.com/sg/en/investment-ideas/asia#
Blanchard, Oliver; Jhonson, D. R. (2013). Makroekonomi (6th ed.). Erlangga.
Britannica. (2017). Resources and Power. Britannica. https://www.britannica.com/place/Iran/Labour-and-taxation
Brito, S., Magud, N., & Sosa, S. (2018). Real Exchange Rates, Economic Complexity, and Investment. IMF Working Papers, 18(107), 1. https://doi.org/10.5089/9781484354834.001
Elheddad, M., Thapa-Parajuli, R., & Alharthi, M. D. (2020). Foreign Direct Investment (FDI) and Natural Resources: Blessing or Curse? Empirical Evidence from the Gulf Cooperation Council (GCC). Journal of Reviews on Global Economics, 9(June), 232–241. https://doi.org/10.6000/1929-7092.2020.09.22
Erkan, B., & Ceylan, F. (2021). Determinants of economic complexity in transitional economies. Transition Studies Review, 28(2), 57–80. https://doi.org/10.14665/1614-4007-28-2-004
Hadiyanto, Y. R. (2015). Pengaruh Diversifikasi Ekspor Terhadap Pertumbuhan NILAI TAMBAH PER TENAGa kerja Sektor Manufaktur Berbasis Agro dan The effect of Export Diversification on the Value Added Growth Per Labor of Agro and Non-agro Based Manufacturing Sector PENDAHULUAN Perek. Buletin Ilmiah Litbang Perdagangan, 9(2), 179–200.
Hariyani, H. F., Dominicus, S. P., & Asmara, A. (2013). Analisis Faktor-faktor yang mempengaruhi korupsi di zi Psifik. Jurnal Ekonomi Dan Kebijakan Pembangunan, 5(2), 62–78.
Jiang, W., & Martek, I. (2021). Political risk analysis of foreign direct investment into the energy sector of developing countries. Journal of Cleaner Production, 302, 127023. https://doi.org/10.1016/j.jclepro.2021.127023
Kiprop, J. (2019). What Are The Major Natural Resources Of Iran? World Atlas. https://www.worldatlas.com/articles/what-are-the-major-natural-resources-of-iran.html
Lin, J. Y. (2013). Economic development in resource-rich, labor-abundant economies. World Bank. https://blogs.worldbank.org/developmenttalk/economic-development-in-resource-rich-labor-abundant-economies
Marselina. (2020). Sejarah Pemikiran Ekonomi Suatu Tinjauan. Fakultas Ekonomi dan Bisnis Universitas Lampung.
Musyafah, A. A. (2019). Perkembangan Perekonomian Islam Di Beberapa Negara Di Dunia. Diponegoro Private Law Review, 4(1), 419–427. https://ejournal2.undip.ac.id/index.php/dplr/article/view/5103
Ndikumana, L. (2019). Capital flight , foreign direct investment and natural resources in Africa. Resources Policy, 63(June), 101427. https://doi.org/10.1016/j.resourpol.2019.101427
Nguyen, C. H. (2021). Labor Force and Foreign Direct Investment: Empirical Evidence from Vietnam. Journal of Asian Finance, Economics and Business, 8(1), 103–112. https://doi.org/10.13106/jafeb.2021.vol8.no1.103
Nwani, C., & Adams, S. (2021). Environmental cost of natural resource rents based on production and consumption inventories of carbon emissions: Assessing the role of institutional quality. Resources Policy, 74(December 2020), 102282. https://doi.org/10.1016/j.resourpol.2021.102282
Paton, R. (2018). The Effects of Natural Resource Rents on FDI Inflows University of Colorado Boulder. 1–37.
Paul, J., & Jadhav, P. (2020). Institutional determinants of foreign direct investment inflows: evidence from emerging markets. International Journal of Emerging Markets, 15(2), 245–261. https://doi.org/10.1108/IJOEM-11-2018-0590
Pratama, F. H., & Salsiyah, S. M. (2016). Analisis Pengaruh Angkatan Kerja, Upah Karyawan Domestik dan Infrastruktur terhadap Penanaman Modal Asing di Jawa Tengah melalui Badan Penanaman Modal Daerah (BPMD) Provinsi Jawa Tengah (Periode 2000-2013). Journal of Business Studies, 67–80.
Rahmawati, W. T., & Makaliwe, W. A. (2021). Dampak Pertumbuhan Ekonomi, Kontrol Korupsi, dan Yield terhadap Investasi Asing di Pasar Sun. EKUITAS (Jurnal Ekonomi Dan Keuangan), 5(2). https://doi.org/10.24034/j25485024.y2021.v5.i2.4550
Rizal, Y. (2018). Analisis Pengaruh Tenaga Kerja dan Kurs Terhadap Investasi Dalam Negeri. Jurnal Samudra Ekonomika, 2(1), 30–37.
Sadeghi, P., Shahrestani, H., Kiani, K. H., & Torabi, T. (2020). Economic complexity, human capital, and FDI attraction: A cross country analysis. International Economics, 164, 168–182. https://doi.org/10.1016/j.inteco.2020.08.005
Santoso, S. (2019). Mahir Statistik Parametik. PT Elex Media Komputindo.
Setyadharma, A. (2015). Hubungan Antara Korupsi Dengan Penanaman Modal Asing: Studi Kasus Enam Negara Asean: 1997-2005. Journal of Indonesian Economy and Business, 22(3), 277–291. https://doi.org/10.22146/jieb.6484
Syahputra, D., Hamzah, A., & Nasir, M. (2017). Pengaruh Produk Domestik Bruto, Suku Bunga Riil, dan Partisipasi Angkatan Kerja terhadap Investasi Swasta di Indonesia (Pendekatan Error Correction Model). Jurnal Perspektif Ekonomi Darussalam, 3(1), 1–16. https://doi.org/10.24815/jped.v3i1.6988
Todaro, M. . P., & Smith, S. C. (2014). Pembangunan Ekonomi (11th ed.). Erlangga.
Widarjono, A. (2018). Ekonometrika Pengantar dan Aplikasinya Disertasi Panduan EViews (5th ed.). UPP STIM YKPN.
Wijaya, H. (2020). Pengaruh Interest Rate, Investor Sentiment, Financial Distress Terhadap Stock Return. Jurnal Bina Akuntansi, 7(1), 80–106. https://doi.org/10.52859/jba.v7i1.75
Winarno, W. W. (2017). Analisis Ekonometrika dan Statistika dengan EViews (5th ed.). UPP STIM YKPN.
Yıldırım, A., & Gökalp, M. F. (2016). Institutions and Economic Performance: A Review on the Developing Countries. Procedia Economics and Finance, 38(16), 347–359. https://doi.org/10.1016/s2212-5671(16)30207-6
Zheng, B., & Xiao, J. (2020). Corruption and Investment: Theory and Evidence from China. Journal of Economic Behavior and Organization, 175, 40–54. https://doi.org/10.1016/j.jebo.2020.03.018
Alam, F. (2020). Ekonomi Politik Investasi Perusahaan Multinasional di Era Pemerintahan Joko Widodo. Politika: Jurnal Ilmu Politik, 11(2), 131–147. https://doi.org/10.14710/politika.11.2.2020.131-147
Aljarallah, R. A. (2020). Natural resource dependency, institutional quality and human capital development in Gulf Countries. Heliyon, 6(7), e04290. https://doi.org/10.1016/j.heliyon.2020.e04290
Alvarado, R., Tillaguango, B., Dagar, V., Ahmad, M., Is, C., & Toledo, E. (2021). Ecological footprint , economic complexity and natural resources rents in Latin America : Empirical evidence using quantile regressions. 318(March). https://doi.org/10.1016/j.jclepro.2021.128585
Anindita, F., Marbun, J., & Supriyadi, A. (2021). Pengaruh Produk Domestik Bruto, Nilai Ekspor, Dan Inflasi Terhadap Investasi Asing Langsung Di Indonesia Pada Tahun 2010-2019. Account, 8(1), 1455–1462. https://doi.org/10.32722/acc.v8i1.3878
BlackRock. (2021). Time to re-think Asia? BlackRock. https://www.blackrock.com/sg/en/investment-ideas/asia#
Blanchard, Oliver; Jhonson, D. R. (2013). Makroekonomi (6th ed.). Erlangga.
Britannica. (2017). Resources and Power. Britannica. https://www.britannica.com/place/Iran/Labour-and-taxation
Brito, S., Magud, N., & Sosa, S. (2018). Real Exchange Rates, Economic Complexity, and Investment. IMF Working Papers, 18(107), 1. https://doi.org/10.5089/9781484354834.001
Elheddad, M., Thapa-Parajuli, R., & Alharthi, M. D. (2020). Foreign Direct Investment (FDI) and Natural Resources: Blessing or Curse? Empirical Evidence from the Gulf Cooperation Council (GCC). Journal of Reviews on Global Economics, 9(June), 232–241. https://doi.org/10.6000/1929-7092.2020.09.22
Erkan, B., & Ceylan, F. (2021). Determinants of economic complexity in transitional economies. Transition Studies Review, 28(2), 57–80. https://doi.org/10.14665/1614-4007-28-2-004
Hadiyanto, Y. R. (2015). Pengaruh Diversifikasi Ekspor Terhadap Pertumbuhan NILAI TAMBAH PER TENAGa kerja Sektor Manufaktur Berbasis Agro dan The effect of Export Diversification on the Value Added Growth Per Labor of Agro and Non-agro Based Manufacturing Sector PENDAHULUAN Perek. Buletin Ilmiah Litbang Perdagangan, 9(2), 179–200.
Hariyani, H. F., Dominicus, S. P., & Asmara, A. (2013). Analisis Faktor-faktor yang mempengaruhi korupsi di zi Psifik. Jurnal Ekonomi Dan Kebijakan Pembangunan, 5(2), 62–78.
Jiang, W., & Martek, I. (2021). Political risk analysis of foreign direct investment into the energy sector of developing countries. Journal of Cleaner Production, 302, 127023. https://doi.org/10.1016/j.jclepro.2021.127023
Kiprop, J. (2019). What Are The Major Natural Resources Of Iran? World Atlas. https://www.worldatlas.com/articles/what-are-the-major-natural-resources-of-iran.html
Lin, J. Y. (2013). Economic development in resource-rich, labor-abundant economies. World Bank. https://blogs.worldbank.org/developmenttalk/economic-development-in-resource-rich-labor-abundant-economies
Marselina. (2020). Sejarah Pemikiran Ekonomi Suatu Tinjauan. Fakultas Ekonomi dan Bisnis Universitas Lampung.
Musyafah, A. A. (2019). Perkembangan Perekonomian Islam Di Beberapa Negara Di Dunia. Diponegoro Private Law Review, 4(1), 419–427. https://ejournal2.undip.ac.id/index.php/dplr/article/view/5103
Ndikumana, L. (2019). Capital flight , foreign direct investment and natural resources in Africa. Resources Policy, 63(June), 101427. https://doi.org/10.1016/j.resourpol.2019.101427
Nguyen, C. H. (2021). Labor Force and Foreign Direct Investment: Empirical Evidence from Vietnam. Journal of Asian Finance, Economics and Business, 8(1), 103–112. https://doi.org/10.13106/jafeb.2021.vol8.no1.103
Nwani, C., & Adams, S. (2021). Environmental cost of natural resource rents based on production and consumption inventories of carbon emissions: Assessing the role of institutional quality. Resources Policy, 74(December 2020), 102282. https://doi.org/10.1016/j.resourpol.2021.102282
Paton, R. (2018). The Effects of Natural Resource Rents on FDI Inflows University of Colorado Boulder. 1–37.
Paul, J., & Jadhav, P. (2020). Institutional determinants of foreign direct investment inflows: evidence from emerging markets. International Journal of Emerging Markets, 15(2), 245–261. https://doi.org/10.1108/IJOEM-11-2018-0590
Pratama, F. H., & Salsiyah, S. M. (2016). Analisis Pengaruh Angkatan Kerja, Upah Karyawan Domestik dan Infrastruktur terhadap Penanaman Modal Asing di Jawa Tengah melalui Badan Penanaman Modal Daerah (BPMD) Provinsi Jawa Tengah (Periode 2000-2013). Journal of Business Studies, 67–80.
Rahmawati, W. T., & Makaliwe, W. A. (2021). Dampak Pertumbuhan Ekonomi, Kontrol Korupsi, dan Yield terhadap Investasi Asing di Pasar Sun. EKUITAS (Jurnal Ekonomi Dan Keuangan), 5(2). https://doi.org/10.24034/j25485024.y2021.v5.i2.4550
Rizal, Y. (2018). Analisis Pengaruh Tenaga Kerja dan Kurs Terhadap Investasi Dalam Negeri. Jurnal Samudra Ekonomika, 2(1), 30–37.
Sadeghi, P., Shahrestani, H., Kiani, K. H., & Torabi, T. (2020). Economic complexity, human capital, and FDI attraction: A cross country analysis. International Economics, 164, 168–182. https://doi.org/10.1016/j.inteco.2020.08.005
Santoso, S. (2019). Mahir Statistik Parametik. PT Elex Media Komputindo.
Setyadharma, A. (2015). Hubungan Antara Korupsi Dengan Penanaman Modal Asing: Studi Kasus Enam Negara Asean: 1997-2005. Journal of Indonesian Economy and Business, 22(3), 277–291. https://doi.org/10.22146/jieb.6484
Syahputra, D., Hamzah, A., & Nasir, M. (2017). Pengaruh Produk Domestik Bruto, Suku Bunga Riil, dan Partisipasi Angkatan Kerja terhadap Investasi Swasta di Indonesia (Pendekatan Error Correction Model). Jurnal Perspektif Ekonomi Darussalam, 3(1), 1–16. https://doi.org/10.24815/jped.v3i1.6988
Todaro, M. . P., & Smith, S. C. (2014). Pembangunan Ekonomi (11th ed.). Erlangga.
Widarjono, A. (2018). Ekonometrika Pengantar dan Aplikasinya Disertasi Panduan EViews (5th ed.). UPP STIM YKPN.
Wijaya, H. (2020). Pengaruh Interest Rate, Investor Sentiment, Financial Distress Terhadap Stock Return. Jurnal Bina Akuntansi, 7(1), 80–106. https://doi.org/10.52859/jba.v7i1.75
Winarno, W. W. (2017). Analisis Ekonometrika dan Statistika dengan EViews (5th ed.). UPP STIM YKPN.
Yıldırım, A., & Gökalp, M. F. (2016). Institutions and Economic Performance: A Review on the Developing Countries. Procedia Economics and Finance, 38(16), 347–359. https://doi.org/10.1016/s2212-5671(16)30207-6
Zheng, B., & Xiao, J. (2020). Corruption and Investment: Theory and Evidence from China. Journal of Economic Behavior and Organization, 175, 40–54. https://doi.org/10.1016/j.jebo.2020.03.018