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Determination of Foreign Direct Investment in Indonesia Development: Case Study Indonesia and Malaysia Rahmadila, Ervina; Trirejeki, Halim; Muhdir, Ibnu
MEC-J (Management and Economics Journal) Vol 5, No 3 (2021)
Publisher : Faculty of Economics, State Islamic University of Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/mec-j.v5i3.12851

Abstract

Foreign Direct Investment (FDI) is one of the global economic systems. FDI is able to encourage the economic development of a country quickly, but there are problems that must be faced and of course become a challenge for the host countries, namely the presence of investors is strongly influenced by the internal conditions of a country, such as economic stability, state politics, law enforcement and others. This research investigates the relationship and significance of macroeconomic variables to FDI in two countries namely Indonesia and Malaysia in the period 1989 to 2018.The method of analysis used Pooled Least Square (PLS). GDP variables have a positive but insignificant effect on the FDI levels in Indonesia and Malaysia. The test results on exports also showed the same thing that export variables give test results positive and insignificant influence on FDI variables.
Asean Economic Dynamics: An Analysis of The Impact of Trade Openness, Foreign Direct Investment, and Export on Economic Growth Lestari, Ajeng; Muhdir, Ibnu; Ashari, Nesha Rizky
Jurnal Ekonomi Pembangunan Vol. 22 No. 02 (2024): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v22i02.34279

Abstract

This study aims to explain economic growth in ASEAN countries. The variables that affect the economic growth rate are trade openness, foreign direct investment, and exports. This study uses secondary data from the World Bank and UNCTAD. The data is annual data from 2018-2022. The analytical tool used is the Vector Error Corrections Model (VECM), which uses a unit root test, optimal lag test, cointegration test, and VECM model. The results show that trade openness, FDI, and exports affect economic growth in the short-term analysis, but FDI and exports hurt economic growth. In the long run, the results of this study indicate that trade openness does not affect economic growth. At the same time, FDI significantly affects economic growth in ASEAN countries, and exports do not affect economic growth in 2018- 2022.
DETERMINANTS OF INCLUSIVE GROWTH IN G20 COUNTRIES WITH GENDER INEQUALITY INDEX AS A MODERATING VARIABLE Putra, Aji Binawan; Muhdir, Ibnu
Jurnal Ekonomi dan Bisnis Airlangga Vol. 34 No. 2 (2024): JURNAL EKONOMI DAN BISNIS AIRLANGGA
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jeba.V34I22024.208-228

Abstract

Introduction: Inclusive growth involves substantial discussions aimed at fostering inclusivity in global society. This research is important because it seeks to explain inclusive growth driven by investment, government spending, and trade openness, with the gender inequality index as a moderating variable in G20 countries over the period from 2007 to 2021. Methods: This research is a quantitative study using Ordinary Least Squares (OLS) regression and Moderated Regression Analysis methods (MRA). Results: The findings from the three variables included in this study indicate that two variables can influence inclusive growth, namely government spending and trade openness, while the investment variable does not affect inclusive growth. Conclusion and suggestion: This is due to the fact that G20 countries have not been able to realize the impact of investment rates on inclusive growth. In addition, the gender inequality index is capable of moderating the influence of government spending on inclusive growth. Thus, in creating inclusive growth, the government must be able to allocate its funds wisely and equitably to all elements of society, both men and women.
Implementation Of the Analytic Hierarchy Process (AHP) Method in Determining Priorities for Solutions to Zakat Management Problems in Lumajang Regency Mustaan, Abdullah Gufronul; Muhdir, Ibnu; Noipom, Tawat
Jurnal Magister Ekonomi Syariah Vol. 1 No. 2 Desember (2022): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2022.012-01

Abstract

Zakat can appear as a sharia economic instrument that can balance an economy and fix the severity and depth of poverty. The potential of zakat in Lumajang is quite significant, but the total zakat funds collected are still far from the total target and potential of existing zakat funds. From there it can be seen that serious problems create gaps in the management of zakat. This study aims to provide a map of priority problems in zakat management and priority solutions that can be given to zakat management in Lumajang Regency. The method to find the priority scale used in this study is the Analytic Hierarchy Process (AHP) involving four expert informants in the field of zakat. The results of the study reveal that the priority problems and solutions for zakat management in Lumajang Regency are three aspects, namely OPZ, Muzaki/Mustahik, and regulatory aspects. The most priority problem is from the OPZ aspect with a priority value of 0.638425 and the priority solution is also occupied by the OPZ cluster with a priority score of 0.581459.
Determinan Investasi Asing Langsung di Negara Berkembang-8 Putri, Fitri Anisa Nusa; Muhdir, Ibnu; Hanafi, Syafiq Mahmadah
Jurnal Magister Ekonomi Syariah Vol. 2 No. 2 Desember (2023): J-MES: Jurnal Magister EKonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2023.022-04

Abstract

The flow of foreign capital (FDI) into a country can be beneficial to the host country and for multinational companies as a form of external financing for the host country. This study aims to analyze and explain the factors that influence the foreign direct investment inflow of Developing-8 countries from 2012 to 2021 using a panel data regression model through fixed-effect approaches. This study found that the size of markets and trade openness have a significant positive impact on FDI in developing eight countries. Meanwhile, the availability of natural resources has significantly negative effects, but inflation and infrastructure have no significant impact on the flow of FDI into developing eight countries. To boost the inflow of FDI, it is also important for governments to be able to make appropriate and profitable policies for countries and companies that are beneficial to countries and domestic firms.
Economic Growth in OIC Countries: The Role of Political Stability Hikam, Ahmad Nailul; Wau, Taosige; Wibowo, Muhammad Ghafur; Muhdir, Ibnu
Economics Development Analysis Journal Vol 13 No 1 (2024): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Economic growth is an important indicator to assess the economic condition of a country. Various factors greatly influence economic growth, and one of the important factors is the country's political stability. This study aims to analyze the factors affecting OIC countries' economic growth. These factors are foreign direct investment, trade openness, human capital, tourism, and political stability. This study uses panel data from 28 OIC countries during the 2006-2020-time span. This study estimates the model using the Generalized Method of Moment (GMM) analysis technique. The estimation results show that all independent variables have a significant positive effect on the economic growth of OIC countries except foreign direct investment, which produces a negative effect. The interaction between political stability and other variables also produces a significant effect. The interaction effect can strengthen the influence of human capital and tourism on economic growth. The resulting interaction effect between political stability with FDI and trade openness weakens its influence on economic growth. Thus, the high political stability needed to increase economic growth in OIC countries depends on its interaction with other factors in economic growth