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Journal : ARBITRASE: JOURNAL OF ECONOMICS AND ACCOUNTING

Analisis Determinan PAD: Belanja Modal, Mandiri Fiskal, Tingkat Kemiskinan dan PDRB per Kapita Abid Laksa Linuwih; Andryan Setyadharma
ARBITRASE: Journal of Economics and Accounting Vol. 6 No. 1 (2025): July 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/arbitrase.v6i1.2520

Abstract

This study aims to analyze the determinants of Regional Original Revenue (PAD) in seven districts/cities in the Solo Raya region during the 2014–2023 period. The independent variables in this study include the Capital Expenditure Ratio, Fiscal Independence Ratio, Poverty Rate, and Gross Regional Domestic Product (GRDP) per capita. A quantitative approach with panel data regression was applied using the Fixed Effects Model, selected based on Chow and Hausman tests. To address the heteroscedasticity issue, the Generalized Least Squares (GLS) method with a panel EGLS approach was employed. The estimation results show that the Capital Expenditure Ratio, Fiscal Independence Ratio, and GRDP per capita have a positive and significant effect on PAD, while the Poverty Rate has no significant effect. The coefficient of determination of 91.93 percent indicates that the model has a very strong explanatory power. These findings suggest that efforts to increase PAD should focus on effective infrastructure development, strengthening fiscal independence, and enhancing regional economic capacity. This research is expected to serve as a reference for local governments in formulating data-driven and region-specific fiscal strategies.
Pengaruh Nilai Tukar, Ekspor, Inflasi, dan Suku Bunga terhadap Foreign Direct Investment di ASEAN Rizalihadi, Firman Akbar; Andryan Setyadharma
ARBITRASE: Journal of Economics and Accounting Vol. 6 No. 1 (2025): July 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/arbitrase.v6i1.2545

Abstract

Foreign Direct Investment (FDI) drives a country's economic development. Through increased productivity, FDI contributes to the economy, which can ultimately improve people's welfare. This study aims to analyze the relationship between exchange rate, export, inflation, and interest rate variables on FDI, partially and simultaneously, in four ASEAN countries, Indonesia, Malaysia, Singapore, and Vietnam, during 2014-2023. This study uses secondary data analyzed using the panel data regression method using the Fixed Effect Model (FEM) approach. The analysis results show that, partially, the exchange rate, inflation, and interest rate variables have a significant adverse effect on FDI. While the export variable has a significant positive effect on FDI. Simultaneously, the exchange rate, export, inflation, and interest rates affect FDI. Strategic policies are needed to increase the competitiveness of FDI in the four ASEAN countries studied. This policy includes stabilizing the exchange rate through interest rate control, increasing value-added exports, and maintaining price stability by the monetary authority so that inflation remains controlled.