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Journal : Journal of Innovative and Creativity

Analysis of Factors Affecting Foreign Portfolio Investment in Indonesia for the Period 2005-2023 Any Widayatsari; Cut Endang Kurniasih; Desrita Angelica
Journal of Innovative and Creativity Vol. 5 No. 2 (2025)
Publisher : Fakultas Ilmu Pendidikan Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/joecy.v5i2.896

Abstract

This study aims to analyze the factors that affect foreign portfolio investment (FPI) in Indonesia. This research is motivated by the discovery of a phenomenon where there is a downward trend in portfolio investment and is not in line with the gross domestic product which has increased. This is not in accordance with asset demand theory and Harry Markowitz theory. The research method used is the Autoregressive Distributed Lag (ARDL) model processing technique which aims to see the factors that affect foreign portfolio investment in the long term and short term. The results showed that in the short term the BI Rate has a negative and significant effect on foreign portfolio investment in Indonesia and the exchange rate has a negative and significant effect on foreign portfolio investment in Indonesia. In the long term Gross Domestic Product (GDP) and Inflation have a negative and insignificant effect on foreign portfolio investment in Indonesia, interest rate BI Rate has a positive and significant effect on foreign portfolio investment in Indonesia and the exchange rate has a negative and significant effect on foreign portfolio investment in Indonesia. From these results it is suggested that the government needs to maintain the stability of the BI Rate and exchange rate, and the government also needs to create a conducive portfolio investment climate.
Pengaruh Ekspor, Inflasi dan Tingkat Suku Bunga Terhadap Nilai Tukar Rupiah atas Dolar Amerika Serikat Periode 2013-2023 Indira Oktavia Raja Guk Guk; Any Widayatsari; M.Rizwan
Journal of Innovative and Creativity Vol. 5 No. 2 (2025)
Publisher : Fakultas Ilmu Pendidikan Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/joecy.v5i2.1802

Abstract

Penelitian ini menganalisis pengaruh ekspor, inflasi, dan suku bunga terhadap nilai tukar Rupiah terhadap Dolar AS periode 2013–2023. Nilai tukar mencerminkan stabilitas ekonomi dan daya saing suatu negara, yang dipengaruhi oleh faktor-faktor seperti perdagangan internasional, kebijakan moneter, dan tingkat harga dalam negeri. Menggunakan metode regresi berganda dengan bantuan aplikasi EViews 12 Student Lite, hasil menunjukkan bahwa ekspor berpengaruh positif signifikan terhadap nilai tukar, artinya peningkatan ekspor justru diikuti depresiasi Rupiah. Inflasi berpengaruh negatif signifikan, mengindikasikan bahwa inflasi tinggi justru menyebabkan apresiasi Rupiah. Suku bunga berpengaruh positif namun tidak signifikan. Temuan ini memberikan masukan penting bagi pembuat kebijakan dan pelaku ekonomi dalam menjaga stabilitas nilai tukar melalui pengelolaan ekspor, pengendalian inflasi, serta kebijakan suku bunga, sekaligus merumuskan strategi perdagangan dan investasi yang lebih tepat dan adaptif terhadap dinamika global.