Proceedings of the Ninth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2022)

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The Effect of International Economic Variables on Singapore Foreign Direct Investment in Indonesia

Authors
Reni Novianti Sari1, *, Syamsul Amar1
1Faculty of Economics, Universitas Negeri Padang, Padang, Indonesia
*Corresponding author. Email: reninovianti83@gmail.com
Corresponding Author
Reni Novianti Sari
Available Online 26 June 2023.
DOI
10.2991/978-94-6463-158-6_9How to use a DOI?
Keywords
Foreign Direct Investment; Economic Growth; Inflation; BI Rate; Domestic Investment; Exchange Rate; Economic Openness; Error Correction Model (ECM)
Abstract

This study aims to examine the long-term and short-term relationship between international economic variables and Singapore’s foreign direct investment in Indonesia. This study uses a quarterly time from 2006 to 2020, using the Error Correction Model (ECM) analysis. There are three important findings in this study. First, in the long-term relationship, Singapore’s foreign direct investment in Indonesia is influenced by Singapore’s economic growth, Singapore’s inflation, domestic investment and economic openness. Second, in the short-term relationship, Singapore’s foreign direct investment in Indonesia is affected by economic openness. Third, Indonesia’s economic growth, Indonesia’s inflation, the BI Rate and the exchange rate have no effect on Singapore’s foreign direct investment in Indonesia in the long and short term.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Ninth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 June 2023
ISBN
978-94-6463-158-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-158-6_9How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Reni Novianti Sari
AU  - Syamsul Amar
PY  - 2023
DA  - 2023/06/26
TI  - The Effect of International Economic Variables on Singapore Foreign Direct Investment in Indonesia
BT  - Proceedings of the Ninth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2022)
PB  - Atlantis Press
SP  - 103
EP  - 116
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-158-6_9
DO  - 10.2991/978-94-6463-158-6_9
ID  - Sari2023
ER  -