Analysis The Effect Of Credit Interest Rates, Gross Domestic Product, And Inflation On Domestic Investment In Indonesia In 2000 – 2021

  • Karel Milliano Hendika Muhammadiyah University of Surakarta
  • Eni Setyowati Muhammadiyah University of Surakarta

Abstract

Indonesia as a developing country certainly depends on investment because it is the first step to do development. Investment in the form of investment is considered to solve several economic problems, such as economic crises, and other economic challenges. One of the investments in Indonesia is capital investment, which is the realization of domestic investment. There are several factors that affect domestic investment, such as credit interest rates, gross domestic product and inflation. This study aims to analyze these factors on domestic investment in Indonesia from 2000 to 2021. This study used regression analysis method Ordinary Least Square (OLS). The results showed that partially variable variable lending rates and gross domestic product have a negative influence on domestic investment, while the inflation variable has a positive influence.

References

Alfarisi, S. (2011). Analisis Pengaruh Suku Bunga Kredit Dan Krisis Ekonomi Terhadap Penanaman Modal dalam Negeri Di Indonesiatahun 1990-2010. Jurnal Ekonomi Pembangunan, 9(2), 197.
https://doi.org/10.22219/jep.v9i2.3674
Astuty, F., & Siregar, I. N. P. (2018). Analisis Produk Domestik Bruto, Infrastruktur, NilaiTukar Dan Tingkat Suku Bunga Terhadap Investasi Asing Langsung Di Indonesia. Jkbm(Jurnal Konsep Bisnis Dan Manajemen), 5(1), 91. https://doi.org/10.31289/jkbm.v5i1.1875
https://doi.org/10.31289/jkbm.v5i1.1875
Dedy Utomo, F. (2018). Analisis Faktor-Faktor yang Mempengaruhi PMDN di Jawa Tengah. Economics Development Analysis Journal, 6(2), 165–169.
https://doi.org/10.15294/edaj.v6i2.22214
Dewi, K. S. ayu P., & Meydianawathi, L. G. (2017). Faktor-Faktor Yang MempengaruhiRealisasi Penanaman Modal Dalam Negeri Di Provinsi Bali. E-Journal Ekonomi Pembangunan Universitas Udayana, 6, 622–647.
https://doi.org/10.24843/eeb.2018.v07.i06.p04
Encinas-Ferrer, C., & Villegas-Zermeño, E. (2015). Foreign Direct Investment and GrossDomestic Product Growth. Procedia Economics and Finance, 24(July), 198–207.
https://doi.org/10.1016/s2212-5671(15)00647-4
Eni Setyowati, & Fatimah, S. (2007). Analasis Faktor - Faktor Yang Mempengaruhi Investasidi Jawa Tengah Tahun 1980 - 2002. Jurnal Ekonomi Pembangunan, 8(1), 62–84.
https://doi.org/10.23917/jep.v8i1.3938
Frederic, M. (2008). Ekonomi, Uang, Perbankan dan Pasar Keuangan (2nd ed.). Jakarta: : Salemba Empat.
Gujarati, D. (2004). Basic Economatrics 4th edition (4th ed.). Tata McGraw Hill.
Iswandi, R. (2017). Analisis Pengaruh Produk Domestik Regional Bruto, Inflasi, Dan Suku Bunga Kredit Terhadap Penanaman Modal Dalamnegeri Di Riau Tahun 2001 – 2015. JOM Fekon, 4(1), 634–646.
https://doi.org/10.22219/jep.v10i2.3721
Ivanovic, I. (2015). Impact of Foreign Direct Investment (Fdi) on Domestic Investment inRepublic of Croatia. Review of Innovation and Competitiveness, 1(1), 137–160.
https://doi.org/10.32728/ric.2015.11/8
Kambono, H., & Marpaung, E. I. (2020). Pengaruh Investasi Asing dan Investasi Dalam Negeri Terhadap Perekonomian Indonesia. Jurnal Akuntansi Maranatha, 12(1), 137–145. https://doi.org/10.28932/jam.v12i1.2282
https://doi.org/10.28932/jam.v12i1.2282
Lubis, P., & Zulam, S. Bin. (2016). Analisis Faktor-Faktor Yangmemengaruhi Permintaan Investasi. Perspektif Ekonomi Darussalam, 2(2), 147–166.
https://doi.org/10.24815/jped.v2i2.6691
Mar’afiah, A. (2017). Pengaruh Investasi Penanaman Modal Asing dan Penanaman ModalDalam Negeri Terhadap Pertumbuhan Ekonomi di Kota Makasar. Jurnal Economix Volume 4 Nomor 1 Juni 2016, 5(2), 203–214. 9
https://doi.org/10.33096/paradoks.v2i2.258
Ni Made Krisna Marsela. (2016). Pengaruh Tingkat Inflasi, Pdrb, Suku Bungakredit, Serta Kurs Dollar Terhadap Investasi. E-Jurnal EP Unud, 3(3), 77–87. https://doi.org/10.1037/14946-010
Pratiwi, N. M., Dzulkirom AR, M., & Azizah, D. F. (2015). Pengaruh Inflasi,Tingkat Suku Bunga Sbi, Dan Nilai Tukar Terhadap Penanaman Modal Asing Dan Pertumbuhan Ekonomi Di Indonesia (Tahun 2004 sampai dengan Tahun 2013). Jurnal Administrasi Bisnis, 26(2), 1–9.
https://doi.org/10.36310/jebi.v12i01.27
Putri, V. K. (2017). Analisis Pengaruh Jumlah Uang Beredar, Suku Bunga Sertifikat BankIndonesia, dan Suku Bunga Kredit Investasi terhadap Inflasi di Indonesia. JOM Fekon, 4(1), 26–39.
https://doi.org/10.29103/ekonomika.v7i1.1129.s321
Rizky, R. L., Agustin, G., & Mukhlis, I. (2016). Pengaruh Penanaman Modal Asing,Penanaman Modal Dalam Negeri Dan Belanja Modal Terhadap Pertumbuhan EkonomiProvinsi Di Indonesia. Jurnal Ekonomi Dan Ekonomi Studi Pembangunan, 8(1), 9–16. https://doi.org/10.17977/um002v8i12016p009
https://doi.org/10.17977/um002v8i12016p009
Samuelson, P. A., & Nordhaus, W. D. (1992). Makro Ekonomi. Erlangga.Septifany, A. T., Hidayat, R. R., & Sulasmiyati, S. (2015). Penanaman Modal Asing Di Indonesia (Studi Pada Bank Indonesia Periode Tahun 2006-2014 ). Jurnal Administrasi Bisnis (JAB), 25(2), 1–7.
https://doi.org/10.24123/jeb.v22i1.1642
Shahzad, A., & Al-Swidi, A. K. (2013). Effect of Macroeconomic Variables on the FDIinflows: The Moderating Role of Political Stability: An Evidence from Pakistan. Asian Social Science, 9(9), 270–279. https://dx.doi.org/10.5539/ass.v9n9p270
https://doi.org/10.5539/ass.v9n9p270
Sodik, J., & Nuryadin, D. (2005). Investasi Dan Pertumbuhan Ekonomi Regional (Studi Kasus Pada 26 Propinsi Di Indonesia , Pra Dan Pasca Otonomi). Ekonomi Pembangunan, 10(2), 157–170. http://ormawa.ft.uns.ac.id/repo/data/4/Ekotek/tugas/1/jrnal/599-594-1-PB.pdf
https://doi.org/10.21002/jepi.v5i2.137
Sudirman, D. (2017). Analisis Pengaruh Tenaga Kerja, Ekspor Dan Inflasi TerhadapPenanaman Modal Dalam Negeri (Pmdn) Kalimantan Tengah. Al – Ulum Ilmu Sosial Dan Humaniora, 3(1), 343–356.
https://doi.org/10.51622/vsh.v2i1.445
Sukirno, S. (2004). Makro Ekonomi Edisi Ketiga. Jakarta: PT Raja Grafindo Persada.
Sukirno, S. (2005). Pengantar Teori Ekonomi Makro. Jakarta: PT Raja Grafindo Persada.
Sukirno, S. (2006). Makroekonomi Teori Pengantar. Jakarta: PT Raja Grafindo Persada.
Todaro, M. P. (2006). Pembangunan Ekonomi di Dunia ketiga, Edisi 9, Jilid 1. Alih Bahasa
Drs. Haris Munandar. Yunus, F., Rostin, & Rumbia, W. A. (2019). Determinan Investasi Penanaman Modal Dalam Negeri (Pmdn) Di Indonesia. Jurnal Progres Ekonomi Pembangunan (JPEP), 4(2), 91–100.
https://doi.org/10.33772/jpep.v4i2.11014
Published
2022-07-01
How to Cite
HENDIKA, Karel Milliano; SETYOWATI, Eni. Analysis The Effect Of Credit Interest Rates, Gross Domestic Product, And Inflation On Domestic Investment In Indonesia In 2000 – 2021. International Journal of Islamic Economics, [S.l.], v. 4, n. 01, p. 49-59, july 2022. ISSN 2686-2166. Available at: <https://e-journal.metrouniv.ac.id/index.php/IJIE/article/view/5193>. Date accessed: 19 aug. 2022. doi: https://doi.org/10.32332/ijie.v4i01.5193.

Most read articles by the same author(s)

Obs.: This plugin requires at least one statistics/report plugin to be enabled. If your statistics plugins provide more than one metric then please also select a main metric on the admin's site settings page and/or on the journal manager's settings pages.