Gorontalo Development Review
Volume 9 Nomor 2 Oktober 2026

Analysis of Economic Factors and Corruption on Foreign Direct Investment in ASEAN Countries

Febriana, Syarah (Unknown)
Harahap, Erni Febrina (Unknown)
Mora, Mora (Unknown)



Article Info

Publish Date
09 Oct 2026

Abstract

This study aims to analyze the effects of economic growth, inflation, trade openness, exchange rates, interest rates, and the Corruption Perception Index on foreign direct investment (FDI) in seven ASEAN countries during the period 2010–2024. The study uses panel data that combine time-series and cross-sectional observations. The analytical technique is panel data regression with the Fixed Effect Model approach. The results show that, jointly, economic growth, inflation, trade openness, exchange rates, interest rates, and the Corruption Perception Index have a significant effect on foreign direct investment, with a coefficient of determination of 88.03 percent. Individually, trade openness, interest rates, and the Corruption Perception Index have positive and significant effects on foreign direct investment. Economic growth and inflation have positive but insignificant effects, while the exchange rate has a positive effect that is significant at the 10 percent level.

Copyrights © 2026






Journal Info

Abbrev

gdrev

Publisher

Subject

Economics, Econometrics & Finance

Description

Gorontalo Development Review (GOLDER) adalah Jurnal yang dipublikasi oleh Fakultas Ekonomi Universitas Gorontalo. GOLDER diharapkan dapat membantu pemangku kepentingan dan pengusaha serta akademisi dalam hal melahirkan berbagai kebijakan yang di peruntukkan bagi pengembangan pembangunan daerah ...