Journal of Shariah Economics
Vol. 4 No. 2 (2022): Journal of Sharia Economics

Penanaman Modal Asing dan Keterbukaan Perdagangan Terhadap Pertumbuhan Ekonomi Indonesia Tahun 2015-2024

M. Nashrullah (Universitas Islam Negeri Sayyid Ali Rahmatullah Tulungagung)
Resty Abdillah Paryanda (Universitas Islam Negeri Sayyid Ali Rahmatullah Tulungagung)
Lina Trisnawati (Universitas Islam Negeri Sayyid Ali Rahmatullah Tulungagung)
Rokhmat Subagiyo (UIN Sayyid Ali Rahmatullah Tulungagung)
Muhammad Aswad (UIN Sayyid Ali Rahmatullah Tulungagung)



Article Info

Publish Date
06 Dec 2025

Abstract

This study applies a multiple linear regression model. The results of the study show that simultaneously, FDI and Trade openness are proven to contribute positively and significantly to Economic Growth with a calculated F value of 7.985 > F table 5.318 and a Sig. value of 0.016 < 0.05. However, partial analysis shows that FDI, although showing a positive direction, does not have a significant influence on economic growth with a calculated T value of 1.913 > T table 1.860 and Sig. 0.097 > 0.05. In contrast, Trade Openness has a positive and statistically significant impact with a calculated T value of 3.933 > T table 1.860 and Sig. 0.006 < 0.05. With the model's ability to explain 60.8% of the variation in Economic Growth, this study implies that Trade Openness currently plays a more dominant and stable role than FDI in driving the Indonesian economy. These findings have policy implications: the government needs to balance foreign investment promotion strategies with strengthening the domestic export structure and increasing national industrial capacity to ensure a more productive impact of FDI. Future research is recommended to expand the variables to include factors such as institutional quality, political stability, and the ease of doing business index to obtain a more comprehensive picture.

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Journal Info

Abbrev

JSE

Publisher

Subject

Religion Economics, Econometrics & Finance Education Social Sciences Other

Description

JOURNAL OF SHARIA ECONOMICS adalah jurnal ilmiah berkala yang dikelola dan diterbitkan oleh Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Universitas Al Hikmah Indonesia serta bekerja sama dengan Asosiasi Ekonom Islam Indonesia Jurnal ini berfokus pada kajian ekonomi dan ekonomi ...