STABILITAS EKONOMI DAN ARUS INVESTASI ASING: STUDI KOMPARATIF ASEAN-5 BERBASIS DATA PANEL

Abstract

Investment is an aspect that influences a country. Capital development as the key to the movement of economic activity. Foreign direct investment is a form of investment and the basis for capital development in developing countries, especially developed countries. This research aims to determine the economic stability of ASEAN-5 through Gross Domestic Product (GDP), Exports, Interest Rates and Trade Openness in 5 ASEAN countries (Brunei Darussalam, Indonesia, Malaysia, Thailand and Vietnam) in 2018-2022 based on panel data. The results of research using the Common Effect (CEM) approach show that the Gross Domestic Product (GDP), Exports and Trade Openness variables have a positive and significant impact on Foreign Investment, while the Interest Rate variable has a non-significant positive impact on Foreign Investment.