Faktor-Faktor yang Mempengaruhi Foreign Direct Investment di Indonesia, Malaysia, Philipina, Thailand dan Singapura

Abstract

This research background was fluctuations of direct Foreign Investment in Indonesia, Malaysia, the Philippines, Thailand and Singapore. Theoretically, the rise and fall of of gross domestic product, inflation indexes, mortgage interest rates, stock price indexes, export values, and currency exchange rates definitely affect the foreign direct investment. Necessarily, the research objective was directed towards determining the effect of gross domestic product, inflation, interest rate, stock price index, infrastructure, exports, exchange rate on the foreign direct investment in Indonesia. The research also compared that condition in Indonesia with that in Malaysia, the Philippines, Thailand and Singapore as post hoc analysis. The research population was means of foreign direct investment in Indonesia, sample was determined to data within the periods of 1980-2011, and taken through purposive random sampling. The research employed descriptive method and verified approach of hypothesis testing. Techniques of analysis used OLS regression method, logit regression and long-term error correction model and the short-term error correction model. Data for the analysis were of the secondary types that consisted of the condition in Indonesia, Malaysia, the Philippines, Thailand and Singapore. They were collected from the Bank of Indonesia and the Central Bureau of Statistics. Modes analysis were facilitated through computer software of Eviews 7.00 The research concluded that (1) gross domestic product, inflation, interest rate, stock price index, infrastructure, exports and the exchange rate simultaneously affected on foreign direct investment in Indonesia, Malaysia, Philippines, Thailand and Singapore in a positive and significant manner. The significant results were proved by the utilization of OLS regression, logit and Long-term ECM. Yet, the use of short-term ECM statistical technique was not proved significantly in Indonesia. (2) Partially, inflation, interest rate, stock price index, export and exchange got a significant effect on foreign direct investment in Indonesia, Malaysia, Philippines, Thailand and Singapore. While gross domestic product had no significant effect on foreign direct investment using the OLS regression, logit, ECM and Short-Term Long-term in Indonesia and in the four mentioned ASEAN countries. Results of research suggested recommendations that the government consider research findings in Malaysia, the Philippines, Thailand and Singapore when making a policy in attracting the foreign direct investment into Indonesia upon competition among the ASEAN countries.