印尼外国直接投资的决定因素

Q2 Economics, Econometrics and Finance

Global Journal of Emerging Market Economies Pub Date : 2022-01-10 DOI:10.1177/09749101211067856

Barli Suryanta, A. Patunru

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引用次数: 0

摘要

我们研究是什么决定了外国直接投资(FDI)在印度尼西亚的流动，重点是制度措施的作用。将知识和实物资本(KPC)模型应用于涵盖2004年至2012年印尼42个外国直接投资伙伴的面板数据集。有证据表明，横向和纵向的外国直接投资在印度尼西亚的双边外国直接投资流量汇总数据中并存，但横向外国直接投资似乎占主导地位。这可以用市场规模(以两国的GDP总量和人均收入的相似性为代表)和相对要素禀赋(以熟练劳动力和实物资本为代表)来解释。另一方面，垂直FDI只能用非熟练劳动力的显著效应来解释。体制因素，特别是腐败，显然是影响印尼双边外国直接投资流动的重要因素。结果还表明，印尼较高的FDI水平与宏观经济因素、开放政策因素和公用事业基础设施因素呈正相关。

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Determinants of Foreign Direct Investment in Indonesia

We examine what determines the flow of foreign direct investment (FDI) in Indonesia, focusing on the role of institutional measures. A knowledge-and-physical-capital (KPC) model is applied to a panel dataset that covers 42 of Indonesia’s FDI partners from 2004 to 2012. Evidence shows that both horizontal and vertical FDIs coexist in the bilateral aggregate data of Indonesia’s FDI flows, but horizontal FDI appears to be dominant. This can be explained by the market size (proxied by the total GDP of both countries and similarity in incomes per capita) and the relative factor endowments (proxied by skilled labor and physical capital). The vertical FDI, on the other hand, could be only explained by the significant effect of unskilled labor. Institutional factors, particularly corruption, are apparently important in affecting Indonesia’s bilateral FDI flows. The results also show that a higher FDI level in Indonesia positively correlates with macroeconomic factors, open policy factors, and utility infrastructure factors.

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来源期刊

Global Journal of Emerging Market Economies Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

2.70

自引率

0.00%

发文量

期刊介绍： Global Journal of Emerging Market Economies is a peer-reviewed journal. The aim of the journal is to provide an international platform for knowledge sharing, discussion and networking on the various aspects related to emerging market economies through publications of original research. It aims to make available basic reference material for policy-makers, business executives and researchers interested in issues of fundamental importance to the economic prospects and performance of emerging market economies. The topics for discussion are related to the following general categories: D. Microeconomics E. Macroeconomics and Monetary Economics F. International Economics G. Financial Economics H. Public Economics I. Health, Education, and Welfare J. Labor and Demographic Economics L. Industrial Organization O. Economic Development, Innovation, Technological Change, and Growth Q. Agricultural and Natural Resource Economics • Environmental and Ecological Economics R. Urban, Rural, Regional, Real Estate, and Transportation Economics Additionally, the journal would be most interested to publish topics related to Global Financial Crisis and the Impact on Emerging Market Economies Economic Development and Inclusive Growth Climate Change and Energy Infrastructure Development and Public Private Partnerships Capital Flows to and from Emerging Market Economies Regional Cooperation Trade and Investment and Development of National and Regional Financial Markets The Belt and Road Initiative.