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Mochamad Ridwan, Mochamad
UNTAG Samarinda
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Journal : Journal of Research in Social Science and Humanities

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ANALYSIS OF THE EFFECT OF FOREIGN INVESTMENT AND PROVINCIAL MINIMUM WAGE ON GROSS REGIONAL DOMESTIC PRODUCT (CASE STUDY OF 8 PROVINCES IN INDONESIA) Putra, Wahyudi Nuryanto Dwi; Ridwan, Mochamad
Journal of Research in Social Science and Humanities Vol 5, No 1 (2025)
Publisher : Utan Kayu Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47679/jrssh.v5i1.229

Abstract

This study aims to provide an analysis of the effect of Foreign Direct Investment (FDI) and Provincial Minimum Wage (UMP) on Gross Regional Domestic Product (GRDP) in eight provinces in Indonesia, taking into account the dynamics and complexity of the economy in 8 provinces, including DKI Jakarta, East Java, West Java, Central Java, Banten, North Sumatra, South Sumatra, and South Sulawesi in the period 2018 to 2023. This study uses a REM model based on 2 tests including chow and hausman tests. The results indicate that FDI contributes significantly to the rate of GRDP in eight provinces in Indonesia, including South Sumatra, North Sumatra, DKI Jakarta, West Java, Central Java, East Java, Banten, and South Sulawesi during the period 2018 to 2023. The increase in the value of FDI is in line with the increase in GRDP in these provinces. In addition, UMP also influenced GRDP in eight provinces in Indonesia during the period 2018 to 2023. An increase in UMP is positively correlated with GRDP in eight provinces in Indonesia.
Co-Authors Abdul Rachman Syam Tuasikal Adelina Dhinik Puspitasari Advendi Kristiyandaru Afandi, Mokh Salis Agista, Yeskia Yudiana Ahmedov, Farruh Akbar, M. Khoirul Andhega Wijaya Anggara, Jaka Anung Priambodo Aprilia, Ema Cendana, Wiputra Dona Sandy Yudasmara Dwi Cahyo Kartiko Dwi Purwanto, Bagus Edi Setiawan Elizabeth Yohanes Faridha Nurhayati Fernanda, Alfina Wahyu Firmansyah Prawironastro, Muhammad Bagas Gazali, Zeinol Gusti Noorlitaria Achmad Hari Wisnu, Hari Hartati, Merri Sri HASANAH APRILIA, NISWATIN Heryanto Nur Muhammad Hutapia Ishak, Asmadi Ismail, Ghulam Zaky Juheri Juniarisca, Dwi Lorry Juniarto, Pudji Ketut Sukiyono Khumairoh, Vika Amel Kusuma, Sagita Lesmana, Diky M. E. Winarno Mahmudi, Agus Mardiansyah, Oktyanus Maulidya, Ayu Ningrum Mochamad Afif Baihaqi Mudzaky, Azhar Nurin Mugiasih, Tri Restu Mujtahidin, Afiq Hakim Ndhanni, Alvina Rahma Ningsih, Yuni Fitriyah Noorfitri, Karin Cetta Putri Nurokhman, Muhammad Habibu Nurrul Riyad Fadhli Oce Wiriawan Prihanto, Junaidi Budi Putra, Wahyudi Nuryanto Dwi R Dimas Adityo Rahma Ndhanni, Alvina Rasifa, Nur Rohman, Mohamad Fathur Romdhon, Mustofa Romi Gunawan, Romi Sapto Wibowo Sayekti, Siskha Putri SETIYO HARTOTO Sholikhah, Anindya Mar'atus Sofiansyah, Agus Sri Panca Setyawati Suryaninungrum, Anis Taufik Taufik Taufiq Hidayat Trisnawati, Silva Ayu Tuasikal, Abdul Rahman Syam Twiska Naufal Arsyah Ghiffari Vega Candra Dinata Wahono, Keysha Azhalia Wardoyo, Tri Yarsah, Waldi Novi Yovhandra Ockta Yulianto, Achmad Zhuka, Erika Mahardini