Pengaruh Penanaman Modal Asing (PMA) dan Penanaman Modal Dalam Negeri (PMDN) terhadap Pertumbuhan Ekonomi 34 Provinsi di Indonesia Tahun 2023
DOI:
https://doi.org/10.61722/jaem.v3i2.11054Keywords:
Domestic Direct Investment, Economic Growth, Foreign Direct Investment, Investment, Regional GDPAbstract
Economic growth across regions can be influenced by the flow of both foreign and domestic investment. This study investigates how Foreign Direct Investment (FDI) together with Domestic Direct Investment (DDI) contributes to economic growth across 34 provinces in Indonesia during 2023. Secondary data obtained from the Central Statistics Agency (BPS) and the Investment Coordinating Board (BKPM) were examined through a quantitative approach covering all provinces as the research sample. Multiple linear regression analysis with SPSS was employed after testing data feasibility through normality, multicollinearity, and heteroscedasticity assessments. Statistical results confirmed that the regression model fulfilled classical assumption requirements, indicated by a Tolerance score of 0.419, VIF value of 2.388, and significance values above the acceptable threshold. The regression output shows that FDI does not provide a statistically meaningful contribution to regional economic growth, reflected by a significance level of 0.382. In contrast, DDI demonstrates a positive and significant contribution with significance below 0.001. Simultaneously, both investment variables influence economic growth, supported by an F value of 47.533. The model explains 73.8% of economic growth variation with an Adjusted R² value of 0.738. These findings indicate that domestic investment plays a more dominant role in supporting economic expansion in Indonesia’s provinces.
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