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All Journal Journal of Tourism Economics and Policy
Angelina WULANDARI
University of Warmadewa, Indonesia
Economics, Econometrics & Finance Public Health Social Sciences

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Analysis Of Foreign Debt and Foreign Investment On Economic Growth Angelina WULANDARI; Ni Putu Rediatni GIRI; A.A Ketut JAYAWARSA
Journal of Tourism Economics and Policy Vol. 1 No. 3 (2022): Journal of Tourism Economics and Policy (December – March 2022)
Publisher : Indonesia Strategic Sustainability

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/jtep.v1i3.175

Abstract

This study examines the influence of foreign debt and foreign investment on economic growth in Indonesia from 2015 to 2020. The study was conducted with a quantitative approach. The research sample was conducted in 2 cities, namely, Malang and Jogjakarta with 200 respondents. Analysis tool using Structural Equation Modeling. The results of the study state that foreign debt has a positive and insignificant effect on economic growth in Indonesia, Foreign investment has a positive and significant impact on economic growth in Indonesia. The government needs to take steps to reduce foreign debt and try to increase investment in Indonesia so that development in Indonesia is more advanced. The government needs to increase foreign investment to support economic growth.
Co-Authors Jayawarsa, A.A. Ketut Ni Putu Rediatni GIRI