<![CDATA[Foreign Direct Investment (FDI) refers to capital investment activities undertaken by foreign individuals or legal entities with the intention of conducting business operations in a host country. This study aims to analyze the effects of the exchange rate (IDR/USD), imports, GDP per capita, inflation, and infrastructure on FDI in Indonesia. A quantitative approach was employed using 38 years of time-series data covering the period from 1981 to 2018. The analytical method applied was the Autoregressive Distributed Lag (ARDL) model, supported by EViews 9 software. The results indicate that the exchange rate has a negative and significant effect on FDI in both the short and long run. Imports exert a positive and significant influence on FDI across both time horizons. GDP per capita also shows a positive and significant impact on FDI in the short and long run. In contrast, inflation has a negative and significant effect on FDI over both periods. Additionally, infrastructure demonstrates a positive and significant influence on FDI in both the short and long term. These findings highlight the importance of macroeconomic stability and strong real-sector fundamentals in attracting foreign investment to Indonesia.]]>
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