An Analysis of Institutional and Economic Determinants of Foreign Direct Investment in Nine ASEAN Countries (2013–2019)
DOI:
https://doi.org/10.46851/166Abstrak
This study aims to explore the key factors influencing Foreign Direct Investment (FDI) in nine ASEAN countries between 2013 and 2019, using panel data analysis. The research focuses on 9 ASEAN Emerging Markets countries, with data series spanning the period from 2013 to 2019. The variables used in this study are the variables of the Political Stability Index, the E-Government Development Index, the Corruption Perception Index, the Democracy Index, the Crime Index, GDP per capita, and FDI. The results of the study show that the political stability variable has a negative and insignificant influence. Additionally, e-government has a positive and significant impact on foreign direct investment in 9 ASEAN countries. Corruption has a negative and significant effect on foreign direct investment in 9 ASEAN countries. Moreover, the democracy index has a negative and statistically insignificant influence. The crime index has a positive and significant effect. Finally, GDP per capita has a negative and insignificant effect on foreign direct investment in nine ASEAN countries.
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