Apakah Perdagangan Menjadi Pertimbangan Investasi?

Authors

  • Azis Muslim

DOI:

https://doi.org/10.31685/kek.v20i2.183

Abstract

Investasi yang berasal dari investor Hong Kong ke Indonesia merupakan salah satu yang terkecil apabila dibandingkan dengan negara ASEAN lainnya. Hal ini juga diindikasikan terjadi karena faktor perdagangan. Oleh karena itu, tujuan dari kajian ini adalah untuk mengevaluasi peranan perdagangan sebagai salah satu faktor pertimbangan investor untuk berinvestasi di Indonesia. Metode yang digunakan studi ini adalah Autoregressive Distributed Lag (ARDL), untuk melihat pengaruh suatu variabel dan mendapatkan nilai pengaruhnya. Hasil kajian memperlihatkan bahwa dalam jangka pendek, faktor perdagangan mempengaruhi keputusan investor asing untuk berinvestasi secara langsung (FDI). , Sedangkan dalam jangka panjang, hanya ekspor yang berpengaruh terhadap FDI. Secara umum, pertumbuhan ekonomi dan stabilitas politik menjadi faktor yang secara relatif lebih dominan apabila dibandingkan perdagangan.

References

Antonakakis, N., & Tondl, G. (2012). Do determinants of FDI to developing countries differ

among OECD investors? Insights from Bayesian model averaging. Institute for European

Integration Discussion Paper No. 1/12. Europa-Kolleg Hamburg.

Aswicahyono, H. (2004). De-industrialization. The Indonesian Quarterly, 32(3), 252–254.

Aswicahyono, H., Hill, H., & Narjoko, D. (2013). Indonesian industrialization: A latecomer

adjusting to crises. Dalam A. Szirmai, W. Naude, dan L. Alcorta (Eds.), Pathways to

industrialization in the twenty-first century: New challenges and emerging paradigms

(pp.193-222). UK: Oxford University Press.

Badan Pusat Statistik. (2013). Data Ekspor dan Impor.

Bank Indonesia. (2015). Statistik Ekonomi dan Keuangan Indonesia (SEKI). Retrieved

November 4, 2015, from

http://www.bi.go.id/id/statistik/seki/terkini/moneter/Contents/Default.aspx

Basri. (2004). Indonesia terancam deindustrialisasi. Retrieved November 4, 2015, from

http://tempo.co.id/hg/ekbis/2004/07/28/brk,20040728-51,id.html

Belloumi, M. (2014). The relationship between trade, FDI and economic growth in Tunisia: An

application of the autoregressive distributed lag model. Economic Systems, 38(2), 269–

Brenton, P., Di Mauro, F., & Lücke, M. (1999). Economic integration and FDI: An empirical

analysis of foreign investment in the EU and in Central and Eastern Europe. Empirica,

(2), 95–121.

Chaisrisawatsuk, S., & Chaisrisawatsuk, W. (2007). Imports, exports and foreign direct

investment interactions and their effects. Canada Working Paper No. 4507. Asia-Pacific

Research and Training Network on Trade (ARTNeT).

Culem, C. G. (1988). The locational determinants of direct investments among industrialized

countries. European Economic Review, 32(4), 885–904.

Denisia, V. (2010). Foreign direct investment theories: An overview of the main FDI theories.

European Journal of Interdisciplinary Studies, 2(2), 104-110.

Dunning, J. H. (1998). The eclectic paradigm of international productions : A restatement and

some possible extention. Journal International Business Studies Spring Editions.

Franco, C. (2013). Exports and FDI motivations: Empirical evidence from US foreign

subsidiaries. International Business Review, 22(1), 47–62.

French, S. (2014). Innovation, product-cycle trade, and the cross-country distribution of

income. Australian School of Business Research Paper No. 2014 ECON 26. Sydney: The

University of New South Wale.

Graham, E. M. (1996). On realizationship among FDI and international trade in the

manufacturing sector: Empirical result for the United States and Japan. Staff Working

Paper RD. WTO.

Kiran, B. (2011). Causal links between foreign direct investment and trade in Turkey.

International Journal of Economics and Finance, 3(2), 150-158.

Kojima, K. (2000). The “flying geese†model of Asian economic development: Origin,

theoretical extensions, and regional policy implications. Journal of Asian Economics, 11(4),

–401.

Kueh, J. S.-H., Puah, C.-H., Lau, E., & Abu Mansor, S. (2007). FDI-trade nexus: empirical

analysis on ASEAN-5. MPRA Paper No. 5220. Germany: University Library of Munich.

Li, D., Lyles, M. A., & Yan, H. (2012). Effects of past experience, learning capabilities and

overall motivation on the performance of Chinese outward FDI and the mediating role of learning. RCCPB Working Paper, 15. Indiana: Indiana University Research Center for

Chinese Politics and Business.

Liu, X., Wang, C., & Wei, Y. (2001). Causal links between foreign direct investment and trade

in China. China Economic Review, 12(2), 190–202.

Nishitateno, S. (2012). FDI-trade nexus: New evidence from product-level data. , Hitotsubashi

University Discussion Paper Series No. gd11-225. Global COE Hi-Stat. Institute of

Economic Research.

Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of

level relationships. Journal of Applied Econometrics, 16(3), 289–326.

Sarwedi. (2002). Investasi asing langsung di Indonesia dan faktor yang mempengaruhinya.

Jurnal Akuntansi & Keuangan. 4(1), 17 – 35.

Sumarwan. (2006). Faktor - faktor apakah yang mendorong terjadinya proses

deindustrialisasi di Indonesia. Tesis belum diterbitkan. Program Pascasarjana Fakultas

Eekonomi Universitas Indonesia. Depok.

Vernon, R., Buckley, P. J., & Guari, P. N. (1999). International investment and international

trade in the product cycle. The Internationalization of The Firm: A Reader, 14–26.

World Bank. (2012). Data Keterbukaan Perdagangan.

Xu, J., & Chen, F. (2014). Analysis on motivation of EU in economic and trade investment in

ASEAN and regional influence. International Journal of Business Administration, 5(5),

p84.

Downloads

Published

2017-01-24

Issue

Vol. 20 No. 2 (2016)

Section

Articles

License

STATEMENT OF AUTHENTICITY AND COPYRIGHT RELEASE

I hereby certify that:

  1. The article (Article title) is authentic and never being published previously or will be published in other publication as well as not a plagiarism in any form.
  1. The article does not have any issue with other parties, regarding of the publication copyright.
  1. All the authors have read this statement and agree with the name and sequence.
  1. Hereby, I transfer the copyright of my article (Article title) to the KEK Editorial Board . this copyright transfer includes a right to reproduce a photograph for the similar article and its translation. This is also including a right to upload the article into a computer system which disseminated widely on the internet.
  1. Hereby, I agree with my article (Article title) to be published by KEK Volume (xx) Edition (x), under Creative Common Attribution- NonCommercial-ShareAlike 4.0 licensing. This is also including a right to upload the article into a computer system which disseminated widely on the internet.

Name : (Full Name)
Date : (Signing date)