Dinamika PMA dan PMDN di Indonesia Sebagai Dampak Dari Upah Minimum, Inflasi dan PDRB Tahun 2004-2012: Pendekatan Dynamic Panel Data Model

Main Authors: Sugiharto, Lea Widowati, Kurnia, Akhmad Syakir
Format: Article info application/pdf eJournal
Bahasa: eng
Terbitan: Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana , 2016
Online Access: https://ejournal.uksw.edu/jeb/article/view/305
https://ejournal.uksw.edu/jeb/article/view/305/271
ctrlnum article-305
fullrecord <?xml version="1.0"?> <dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">Dinamika PMA dan PMDN di Indonesia Sebagai Dampak Dari Upah Minimum, Inflasi dan PDRB Tahun 2004-2012: Pendekatan Dynamic Panel Data Model</title><creator>Sugiharto, Lea Widowati</creator><creator>Kurnia, Akhmad Syakir</creator><description lang="en-US">This paper aims at investigating the behavior of foreign direct investment (FDI) and domestic direct investment (DDI) in Indonesia, which is expected to be explained by several explanatory variables including the setting of regional minimum wage, inflation, as well as regional domestic product. More specifically, the investigation is focused on the effect of annual increase in the minimum regional wage, provided that it is a sensitive issue for investors. Using 33 provincial level data in a period from 2004 to 2012, this paper uses a dynamic panel data which allows us to see the behavior of direct investment in the short run as well as in the long run. The result shows that an increase in the regional minimum wage setting reduces both DDI and FDI in the short run. However, in the long run, an increase in the regional minimum wage is likely to increase both DDI and FDI. This is likely indicating that in the long run an increase in wage is expected to be accompanied by higher productivity, eventhough in the short run higher wage increases cost of production which will undermine investment.</description><publisher lang="en-US">Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana</publisher><date>2016-06-18</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>Journal:Article</type><type>File:application/pdf</type><identifier>https://ejournal.uksw.edu/jeb/article/view/305</identifier><identifier>10.24914/jeb.v17i3.305</identifier><source lang="en-US">Jurnal Ekonomi dan Bisnis; Vol 17 No 3 (2014); 119-140</source><source>2528-0147</source><source>1979-6471</source><language>eng</language><relation>https://ejournal.uksw.edu/jeb/article/view/305/271</relation><rights lang="en-US">Copyright (c) 2016 Jurnal Ekonomi dan Bisnis</rights><recordID>article-305</recordID></dc>
language eng
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author Sugiharto, Lea Widowati
Kurnia, Akhmad Syakir
title Dinamika PMA dan PMDN di Indonesia Sebagai Dampak Dari Upah Minimum, Inflasi dan PDRB Tahun 2004-2012: Pendekatan Dynamic Panel Data Model
publisher Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana
publishDate 2016
url https://ejournal.uksw.edu/jeb/article/view/305
https://ejournal.uksw.edu/jeb/article/view/305/271
contents This paper aims at investigating the behavior of foreign direct investment (FDI) and domestic direct investment (DDI) in Indonesia, which is expected to be explained by several explanatory variables including the setting of regional minimum wage, inflation, as well as regional domestic product. More specifically, the investigation is focused on the effect of annual increase in the minimum regional wage, provided that it is a sensitive issue for investors. Using 33 provincial level data in a period from 2004 to 2012, this paper uses a dynamic panel data which allows us to see the behavior of direct investment in the short run as well as in the long run. The result shows that an increase in the regional minimum wage setting reduces both DDI and FDI in the short run. However, in the long run, an increase in the regional minimum wage is likely to increase both DDI and FDI. This is likely indicating that in the long run an increase in wage is expected to be accompanied by higher productivity, eventhough in the short run higher wage increases cost of production which will undermine investment.
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