International Journal of Economics, Business and Innovation Research
Vol. 2 No. 05 (2023): September, International Journal of Economics, Business and Innovation Researc

CHANGES IN INVESTMENT PATTERNS IN INDONESIA DURING THE COVID-19 (Case Study of Foreign Investment in the Health and Social Work Sector)

Amrizal Amrizal (Faculty of Economic and Business, Development Economic Study Program, Universitas Muhammadiyah Jambi)
Adi Putra (Faculty of Economic and Business, Development Economic Study Program, Universitas Muhammadiyah Jambi)
Mukhlis Mukhlis (Department of Agriculture Business, Agribusiness Study Program, Politeknik Pertanian Negeri Payakumbuh)



Article Info

Publish Date
04 Oct 2023

Abstract

The negative effects of the Covid-19 pandemic have been felt by international trade players in Indonesia. The coronavirus outbreak that spread at the end of 2019 has hit economic activities including foreign investment in the health and social work sector in Indonesia. Decreased investment will lead to reduced employment and encourage increased unemployment in Indonesia. The purpose of this study is to determine whether there are differences in exchange rates and foreign investment in the health sector and social workers before the pandemic with during the covid-19 pandemic in Indonesia. This research method uses quantitative research, using secondary data obtained from BPS and Bank Indonesia publications. The data used is cross-time data, namely 2017-2019 and 2020-2022. The data analysis method uses the Paired Sample Test. The results showed that the value of foreign investment in the health and social work sector had no significant difference between the 3-year period before the Covid-19 pandemic and the 3-year period during the Covid-19 pandemic. The average growth of investment in the pre-pandemic period was 74.42 per cent, which was greater than during the pandemic period, which was 34.75 per cent. The exchange rate of the rupiah against the U$ dollar has a significant difference between the 3-year period before the Covid-19 pandemic and the 3-year period of the Covid-19 pandemic. The average exchange rate of the rupiah during the pre-pandemic period was IDR 13,919, this was lower than during the pandemic which was IDR 14,538.

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Journal Info

Abbrev

IJEBIR

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

International Journal of Economics, Business and Innovation Research (IJEBIR) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality ...