Foreign Direct Investment (FDI), Abundance of Natural Resources, and Economic Growth

Signifikan: Jurnal Ilmu Ekonomi Pub Date : 2023-04-15 DOI:10.15408/sjie.v12i1.29975

Muhammad Aja Fajrian, N. Achsani, W. Widyastutik

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Abstract

The impact of foreign direct investment (FDI) on the host country’s economic growth is often discussed without considering the abundance of natural resources in the host country. The present study examines the relationship between FDI and economic growth while considering the presence of natural resources. Using panel data regression with data from 124 countries, the study finds that FDI inflows are increasing significantly, with pronounced differences between countries based on their per capita income levels. The results of the panel data regression analysis show that both FDI and natural resources positively affect economic growth. However, an increase in natural resources reduces the overall impact of FDI on economic growth. This result suggests that countries should attract FDI in sectors outside of natural resources to maximize the positive effects of FDI on economic growth.JEL Classification: F43, O4, P28, P45, Q0How to Cite:Fajrian, M. A., Achsani, N. A., & Widyastutik. (2023). Foreign Direct Investment, Abundance of Natural Resources, and Economic Growth. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 11-26. https://doi.org/10.15408/sjie.v12i1.29975.

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外国直接投资(FDI)、丰富的自然资源和经济增长

在讨论外国直接投资(FDI)对东道国经济增长的影响时，往往不考虑东道国丰富的自然资源。本研究考察了外国直接投资与经济增长之间的关系，同时考虑了自然资源的存在。通过对124个国家的数据进行面板数据回归，该研究发现，外国直接投资流入正在显著增加，不同国家的人均收入水平存在显著差异。面板数据回归分析结果表明，FDI和自然资源对经济增长均有正向影响。然而，自然资源的增加减少了外国直接投资对经济增长的总体影响。这一结果表明，各国应在自然资源以外的部门吸引外国直接投资，以最大限度地发挥外国直接投资对经济增长的积极作用。JEL分类:F43, O4, P28, P45, q0如何引用:Fajrian, M. A.， Achsani, N. A.， & Widyastutik。(2023)。外国直接投资、丰富的自然资源和经济增长。意义[j] .经济研究，12(1)，11-26。https://doi.org/10.15408/sjie.v12i1.29975。

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Signifikan: Jurnal Ilmu Ekonomi

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