The Effect of Economic Growth, London Interbank Offered Rate (LIBOR), Exchange Rates and Covid-19 Pandemic on Foreign Direct Investment in Indonesia Period 2009-2023

Mingga Hermaliza, Any Widayatsari, Sri Endang Kornita

Abstract

This study examines the influence of Economic Growth, LIBOR, Exchange Rates, and the Covid-19 Pandemic on Foreign Direct Investment (FDI) in Indonesia from 2009 to 2023. A quantitative approach was used for analysis. The results reveal that, over the period studied, Economic Growth and LIBOR both have a positive but minimal impact on FDI in Indonesia. The Covid-19 Pandemic, represented as a dummy variable, shows a positive but statistically insignificant effect on FDI at a 5% significance level, though it has a significant impact at the 10% level. In contrast, Exchange Rates have a positive and significant effect on FDI.

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Authors

Mingga Hermaliza
minggahemalisa@gmail.com (Primary Contact)
Any Widayatsari
Hermaliza, M., Widayatsari, A., & Kornita, S. E. (2024). The Effect of Economic Growth, London Interbank Offered Rate (LIBOR), Exchange Rates and Covid-19 Pandemic on Foreign Direct Investment in Indonesia Period 2009-2023. Agregat: Jurnal Ekonomi Dan Bisnis, 8(1), 84–99. https://doi.org/10.22236/agregat_vol8.i1/15190
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