This study aims to analyze the impact of the Corruption Perception Index (CPI) and government expenditure on foreign direct investment (FDI) in the ASEAN region. Utilizing secondary data from 2010-2023 sourced from UNCTAD, Transparency International, and the World Bank, this research applies a panel data regression method using the Random Effect Model (REM). The primary findings reveal contrasting outcomes. On a partial basis, the CPI was found to have no significant effect on FDI inflows. Conversely, government expenditure demonstrated a significant positive influence. This result implies that for foreign investors in the ASEAN region during the study period, government spending allocation was a more dominant consideration than the perception of corruption levels.
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