Fahri, Luki Okta and Dr. Nur Imamah, S.AB, M.AB, Ph.D, S.AB, M.AB, Ph.D and Dr. Ari Darmawan,, S.AB., M.AB (2022) Pengaruh Foreign Portfolio Investment, Foreign Direct Investment dan Labor Productivity Growth terhadap Economic Growth Sebelum dan Saat Pandemi COVID- 19 (Studi pada Negara G20 Periode 2018 - 2021). Magister thesis, Universitas Brawijaya.
Abstract
Krisis pandemi COVID-19 merupakan hambatan ekonomi yang menyerang hampir seluruh negara di dunia, dan berdampak pada aktivitas ekonomi internasional. Aktivitas financial integration melalui blok ekonomi merupakan kerjasama ekonomi untuk mendorong peningkatan produktivitas dan pertumbuhan ekonomi. Memasuki krisis, financial integration diharapkan dapat menjadi efek pemulih dari krisis. Tujuan penelitian ini adalah menguji pengaruh foreign portfolio investment dan foreign direct investment terhadap economic growth, dan dimoderasi oleh labor productivity growth negara G20 periode sebelum dan saat krisis pandemi COVID-19. Penelitian ini mengambil sampel jenuh yaitu 20 negara resmi G20, dan metode yang digunakan adalah analisis regresi data panel (fixed effect model). Hasil dari penelitian ini menunjukkan bahwa: Pertama, secara parsial foreign portfolio investment tidak berpengaruh signifikan pada economic growth sebelum dan saat krisis pandemi COVID-19, sedangkan foreign direct investment terbukti berpengaruh signifikan pada economic growth sebelum dan saat krisis pandemi COVID-19, hal ini menunjukkan bahwa foreign direct investment memiliki efek recovery pada saat krisis. Kedua, secara simultan foreign portfolio investment dan foreign direct investment memiliki pengaruh signifikan terhadap economic growth sebelum dan saat krisis pandemi COVID- 19. Hal ini menunjukkan bahwa integrasi keuangan berupa foreign investment menjadi kontributor penting bagi perekonomian negara G20. Ketiga, labor productivity growth terbukti memoderasi dengan memperkuat pengaruh foreign direct investment terhadap economic growth sebelum krisis pandemi COVID- 19, namun tidak berperan memoderasi foreign portfolio investment. Memasuki krisis pandemi COVID-19 labor productivity growth tidak memiliki efek memoderasi pengaruh foreign portfolio investment dan foreign direct investment terhadap economic growth. Hal ini disebabkan pembatasan aktivitas saat krisis, dan penurunan produktivitas tenaga kerja pada negara G20.
English Abstract
The COVID-19 pandemic crisis is an economic disaster that attacks almost all countries in the world, and has an impact on international economic activity. Financial integration activities through economic blocks are economic cooperation to help increase productivity and economic growth. Entering a crisis, financial integration is expected to have a crisis-recovering effect. The aims of this study is to examine the effect of foreign direct investment and foreign portfolio investment on economic growth, and moderated by labor productivity growth in G20 countries before and during the COVID-19 pandemic crisis. This study took a sample of 20 official G20 countries, and the method used was panel data regression analysis (fixed effect model). The output of this study has findings: First, partially foreign portfolio investment has no significant effect on economic growth before and during the COVID-19 pandemic crisis, while foreign direct investment has proven to have a significant effect on economic growth before and during the COVID-19 pandemic crisis, this shows that foreign direct investment has a recovery effect during the crisis. Second, simultaneously foreign portfolio investment and foreign direct investment have a significant effect on economic growth before and during the COVID-19 pandemic crisis. This shows that financial integration in foreign investment is an important contributor to the economies of the G20 countries. Third, labor productivity growth has been proven to be moderating by strengthening the influence foreign direct investment on economic growth before the COVID-19 pandemic crisis, but has no effect moderating on foreign portfolio investment. During the COVID-19 pandemic crisis, labor productivity growth has no effect on moderating the influence of foreign portfolio investment and foreign direct investment on economic growth. This is due to the restrictions on activities during the crisis, and the decline in labor productivity in the G20 countries
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | 0422030011 |
| Uncontrolled Keywords: | Foreign Direct Investment, Foreign Portfolio Investment, Labor Productivity Growth, Economic Growth, dan Krisis Pandemi .- Foreign Direct Investment, Foreign Portfolio Investment, Labor Productivity Growth, Economic Growth, and Pandemic Crisis |
| Subjects: | 600 Technology (Applied sciences) > 658 General management |
| Divisions: | S2/S3 > Magister Administrasi Bisnis, Fakultas Ilmu Administrasi |
| Depositing User: | Endang Susworini |
| Date Deposited: | 26 May 2023 07:13 |
| Last Modified: | 26 May 2023 07:13 |
| URI: | http://repository.ub.ac.id/id/eprint/200479 |
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