Dharmawangsa: International Journal of the Social Sciences, Education and Humanitis
Vol 6, No 3 (2025): Social Sciences, Education and Humanities

THE EFFECT OF FOREIGN INVESTMENT AND BANKING CREDIT ON ECONOMIC GROWTH IN EAST NUSA TENGGARA PROVINCE

Sari Ka, Desna (Unknown)



Article Info

Publish Date
11 Nov 2025

Abstract

This research aims to analyze the influence of foreign investment and banking credit on economic growth in East Nusa Tenggara Province in the 2021-2023 period. The research method used is quantitative with an explanatory approach, using secondary data in the form of Foreign Direct Investment (FDI) values, total banking credit, and Gross Regional Domestic Product (GRDP). Data analysis was carried out using panel data regression. The research results show that partially the foreign investment variable has a significant influence on economic growth in East Nusa Tenggara, while bank credit has no significant influence. However, foreign investment and banking credit simultaneously influence economic growth even though their contribution is still limited, with an Adjusted R-squared value of 0.030. This indicates that other factors outside research are still more dominant in influencing regional economic growth. These findings indicate the importance of government policy in attracting foreign investment as well as

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Journal Info

Abbrev

dharmawangsa

Publisher

Subject

Humanities Education Social Sciences Other

Description

Dharmawangsa International Journal of The Social Sciences, Education and Humanities is a journal published by the Research Institute of Dharawangsa University, Medan. This journal is published periodically three times a year, namely in March, August and November. Articles published in this journal ...