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DETERMINANTS OF FOREIGN DIRECT INVESTMENT (FDI) AND GROWTH OF COMPANY EXPORT (A CASE STUDY IN ASEAN)
Wahyu Dwi Purnomo (a*), Felisitas Defung (b), Annisa Kusumawardani (b)

a) Masters in Management, Faculty of Economics and Business, Mulawarman University
Jl. Tanah Grogot No. 1, Samarinda Ulu, Gunung Kelua, Gn. Kelua, Kec. Samarinda Ulu, Kota Samarinda, Kalimantan Timur 75117, Indonesia
*why.dpurnomo[at]gmail.com
b) Faculty of Economics and Business, Mulawarman University
Jl. Tanah Grogot No. 1, Samarinda Ulu, Gunung Kelua, Gn. Kelua, Kec. Samarinda Ulu, Kota Samarinda, Kalimantan Timur 75117, Indonesia


Abstract

The objective of ASEAN Economic Community (AEC) is to increase economic competition of ASEAN by turning it into the base of production, as well as to attract investors and to enhance international trade. Investment in the form of Foreign Direct Investment (FDI) is believed to be the enhancer of economic development of a country because it turns the companies in a host country to be more competitive, and it brings new capital, new technology, and also creates new employment as well as increases international trade. The study was conducted to find the factors that affect FDI and growth of company export in the sector of technology and electronic industry in ASEAN using panel data methods for the period of 2012 to 2017. The dependent variables of this research were FDI and the export, while the independent ones were GDP, exchange rate, interest rate, inflation and population. The results of this research imply that interest rate and inflation were the significant affecting factors of FDI and export, while GDP and population were the significant affecting factors of FDI too but they did not significantly affect export. Exchange rate was the significant affecting factor of export but it did not significantly affect FDI. On the other hand, FDI did not significantly affect export.

Keywords: Export, Foreign Direct Invesment, Macroeconomics

Topic: Economics

Link: https://ifory.id/abstract/BfCKFYvbEM2u

Conference: The 2nd Mulawarman International Conference on Economics and Business (MICEB 2019)

Plain Format | Corresponding Author (WAHYU DWI PURNOMO)

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