Effect of Foreign Direct Investment (FDI) on economic growth and labor absorption in Maluku
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Apr 21, 2023
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Abstract
This study aims to determine the effect of foreign direct investment (FDI) on economic growth and employment. Method, for this purpose, secondary data was collected in the form of annual data from the Central Bureau of Statistics and the Investment and One-Stop Integrated Service (PTSP) Office of Maluku Province. The data were analyzed using simple linear regression. The analysis model used adopts the Cobb Douglas function, namely Q = f (A Kα Lβ) with the assumption that Q is economic growth, K is capital and L is labor and A is technological progress. In the case of this study, it is assumed that economic growth is a function of capital, namely foreign investment (FDI) so that by modifying the Cobb-Douglas production function. The results showed that foreign investment (FDI) has a positive and significant effect on economic growth and employment. The effect of foreign investment (FDI) has a positive and significant effect on economic growth in Maluku Province. Policies that make it difficult for investors need to be reduced. Investment also has an influence on employment. Realized investment can expand production capacity and that will require additional labor.
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How to Cite
Ramly, F., D. Rumerung, & Payapo, R. W. (2023). Effect of Foreign Direct Investment (FDI) on economic growth and labor absorption in Maluku. Enrichment : Journal of Management, 13(1), 340-348. https://doi.org/10.35335/enrichment.v13i1.1239
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Sangadji M, Fahrudin Ramly, Yuyun Lain. 2021. “Maluku Economic Recovery During The Covid-19 Pandemic And Entering The New Normal Era.” Jurnal Media Trend 16(1): 110–21.
Sothan, S. (2017). Causality between foreign direct investment and economic growth for Cambodia. Cogent Economics and Finance, 5(1), 0–13. https://doi.org/10.1080/23322039.2016.1277860.
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Teixeira, Aurora A.C., and Anabela S.S. Queirós. 2016. “Economic Growth, Human Capital and Structural Change: A Dynamic Panel Data Analysis.” Research Policy 45(8): 1636–48.
Uwazie, I. ., A. A., I., & Bernard Eze, N. (2015). Causal Relationship between Foreign Direct Investment and Economic Growth in Nigeria: 1970-2013. International Journal of Economics and Finance, 7(11), 230. https://doi.org/10.5539/ijef.v7n11p230
Yesiana, L. dkk, 2020, Pengaruh Investasi Terhadap Penyerapan Tenaga Kerjadi Kabupaten Sumbawa, Jurnal Riptek, 16 (1) 7 - 14.
Amalia, F. (2013). Hubungan Kausalitas Investasi Dengan Pertumbuhan Ekonomi Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 2(1), 1–16. https://doi.org/10.15408/sjie.v2i1.2370
Amin, M. (2013). Hubungan Kausalitas Antara Ekspor, Investasi dan Pertumbuhan Ekonomi di Maluku. Universitas Pattimura, Ambon.
Arsyad, L. (2004). Ekonomi Pembangunan (Cetakan ke). Sekolah Tinggi Ilmu Ekonomi YKPN.
Badan Pusat Statistik Provinsi Maluku 2021. Berita Resmi Statistik. Ambon
Badan Pusat Statistik Provinsi Maluku 2021. Provinsi Maluku Dalam Angka 2021. Ambon
Badan Pusat Statistik, Provinsi Maluku. 2021. Perkembangan Ekspor dan Impor Provinsi Maluku 2020. Ambon.
Bakare, Kudus M. 2020. “Impact of Human Resources Development on Economic Growth: An Appraisal.” SSRN Electronic Journal.
Batubara, D. S. 2018. Analisis Kausalitas dan Kointegrasi Antara Investasi dan Pertumbuhan Ekonomi di Indonesia. Universitas Sumatera Utara.
Bhargava, Dean T. Jamison, Lawrence Lau, Christopher JL. Murray. 2011. 33 GPE Discussion Paper Modeling The Effects oh Health on Economc Growth http://www.who.int/health_financing/documents/report_en_11_deter-he.pdf.
Broxterman, Daniel A., and Anthony M. Yezer. 2020. “Measuring Human Capital Divergence in a Growing Economy.” Journal of Urban Economics 118(December 2019).
Dewi, Ni. M. S dan Sutrina, I.K., 2015, Pengaruh Investasi dan Ekspor Terhadap Penyerapan Tenaga Kerja Melalui Pertumbuhan Ekonomi, E-Jurnal EP Unud, 4 (6), 621 - 636.
Dinas Penanaman Modal dan PTSP, Provinsi Maluku, 2021. Laporan Tahunan Realisasi Penanaman Modal Tahun 2020 di Provinsi Maluku. Ambon.
Hamid, I., & Jena, P. K. (2020). Linear and Non-Linear Granger Casuality Between Foreign Direct Investment and Economic Growth: Evidence From India. Copernican Journal of Finance & Accounting, 9(2), 25. https://doi.org/10.12775/cjfa.2020.006
Haq, Nasrul dan Imamudin, Y. (2018). Analisis Pengaruh Investasi, Angkatan Kerja dan Pendidikan Terhadap Pertumbuhan Ekonomi di Pulau Kalimantan. Journal of Economics Research and Social Sciences, 2(2), 102–111.
Jamaliah, J. (2018). Hubungan Kausalitas Pertumbuhan Ekonomi Dengan Investasi di Kota Pontianak Kajian Model Granger. Jurnal Ekonomi Bisnis Dan Kewirausahaan, 7(1), 20. https://doi.org/10.26418/jebik.v7i1.24198
Kadir dkk, 2016, Pengaruh Investasi dan Konsumsi Terhadap Penyerapan Tenaga Kerja pada Sektor Industri Pengolahan di Kota Kendari, Jurnal Ekonomi 1 (1), 12 - 22.
Kambono, H., & Marpaung, E. I. (2020). Pengaruh Investasi Asing dan Investasi Dalam Negeri Terhadap Perekonomian Indonesia. Jurnal Akuntansi Maranatha, 12(1), 137–145. https://doi.org/10.28932/jam.v12i1.2282
Kuncoro, M. (2010). Ekonomi Pembangunan; Teori, Masalah dan Politik. Erlangga, Jakarta.
Lianna, L, dkk., 2020, Pengaruh Investasi Terhadap Penyerapan Tenaga Kerja di Kabupaten Sumbawa, Prosiding Seminar Nasional IPPeMas, 657 - 661.
Lin, Justin Yifu. 2003. “Strategy , Viability , and Economic Convergence *.” Economic Development and Cultural Change 51(2): 277–308.
Marquez-Ramos, Laura, and Estefanía Mourelle. 2019. “Education and Economic Growth: An Empirical Analysis of Nonlinearities.” Applied Economic Analysis 27(79): 21–45.
Matondang, M. A. (2020). Causality Relationship between Foreign Direct Investment, Trade and Economic Growth in Indonesia. Unicees 2018, 485–491. https://doi.org/10.5220/0009503004850491
Nachrowi dan Usman. (2006). Ekonometrika: Untuk Analisis Ekonomi dan Keuangan. Lembaga Penerbit FE-UI, Jakarta.
Nadar, A. (2021). Impact of FDI on GDP per capita in India using Granger causality Impact of FDI on GDP per capita in India using Granger causality (Issue 106826).
Nanga, M. (2005). Ekonomi Makro: Teori, Masalah Dan Kebijakan. Raja Grafindo Persada, Jakarta.
ÖZTÜRK, S., & SULUK, S. (2020). Economic Growth and Foreign Direct Investment in the United States: A Granger Causality Analysis. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, December 2020. https://doi.org/10.18657/yonveek.640568.
Purba, B, 2020, Analisis Tentang Pengaruh Investasi Terhadap Pertumbuhan Ekonomi dan Penyerapan Tenaga Kerja Provinsi di Pulau Sumatera Indonesia, Jurnal Humaniora, 4 (1), 196 - 204.
Ramly, Fahrudin dan Amin Ramly. (2022). Analisis Profil Pengangguran di Provinsi Maluku. Cita Ekonomika: Jurnal Ilmu Ekonomi, Vol.16 (1), 50-59.
Romdhoni, A.H, 2017, Pengaruh Investasi Terhadap Penyerapan Tenaga Kerjadi Jawa Tengah Tahun 2009 - 2012, Jurnal Ilmiah Ekonomi Islam, 03 (02), 139 - 151.
Saleh, Haeruddin, Batara Surya, Despry Nur Annisa Ahmad, and Darmawati Manda. 2020. “The Role of Natural and Human Resources on Economic Growth and Regional Development: With Discussion of Open Innovation Dynamics.” Journal of Open Innovation: Technology, Market, and Complexity 6(4): 1–23.
Sangadji M, Fahrudin Ramly, Yuyun Lain. 2021. “Maluku Economic Recovery During The Covid-19 Pandemic And Entering The New Normal Era.” Jurnal Media Trend 16(1): 110–21.
Sothan, S. (2017). Causality between foreign direct investment and economic growth for Cambodia. Cogent Economics and Finance, 5(1), 0–13. https://doi.org/10.1080/23322039.2016.1277860.
Surani dkk, 2021, Pengaruh Investasi Terhadap Penyerapan Tenaga Kerja di Sektor Industri di Provinsi Papua, Journal of Management (SME's) 14 (3), 277 - 290.
Susilawati, Reinpal Falefi, and Agus Purwoko. 2020. “Impact of COVID-19’s Pandemic on the Economy of Indonesia.” Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences 3(2): 1147–56.
Teixeira, Aurora A.C., and Anabela S.S. Queirós. 2016. “Economic Growth, Human Capital and Structural Change: A Dynamic Panel Data Analysis.” Research Policy 45(8): 1636–48.
Uwazie, I. ., A. A., I., & Bernard Eze, N. (2015). Causal Relationship between Foreign Direct Investment and Economic Growth in Nigeria: 1970-2013. International Journal of Economics and Finance, 7(11), 230. https://doi.org/10.5539/ijef.v7n11p230
Yesiana, L. dkk, 2020, Pengaruh Investasi Terhadap Penyerapan Tenaga Kerjadi Kabupaten Sumbawa, Jurnal Riptek, 16 (1) 7 - 14.