scholarly journals Foreign Debts Strategy Thesis for Improved Living Standard: The Nigerian Experience

2021 ◽  
Vol 3 (1) ◽  
pp. 1-13
Author(s):  
Ayangeadoo Alphonsus Hur-Yagba ◽  
Helen Elena Jekele ◽  
Kasim Umar
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Inflation Rate ◽  
Secondary Data ◽  
Least Square ◽  
Domestic Product ◽  
Living Standard ◽  
Significance Level

This study examined whether foreign debts have been able to improve or otherwise Nigeria’s economy towards improving the living standard of her citizenry with respect to the nation’s gross domestic product (GDP), USD exchange rate, inflation rate and foreign direct investment (FDI) for the period 1986 to 2017. The study was carried out in Nigeria with respect to other countries doing business with Nigeria. The study also made use of secondary data for the period under consideration. Data obtained were subjected to the cointegration test, which results show that the F-statistic is greater than the lower and upper bound critical value at a five per cent (5%) significance level. Thus, the null hypothesis of no long-run relationship is rejected at a five per cent (5%) significance level. It can, therefore, be inferred that the variables are cointegrated holding the external debt profile as the independent variable. Furthermore, the Ordinary Least Square Linear Multiple Regression Analyses (OLSLMRA) revealed that foreign debt significantly affected adversely, the nation’s gross domestic product (GDP), USD exchange rate and foreign direct investment; except for inflation rate. The study, therefore, concluded that foreign debts, though not the best option for countries striving to survive; still have a significant effect on Nigeria’s economy and indeed her living standard. The study recommends diversification of Nigeria’s economy outside the crude oil to include agriculture, solid minerals, manufacturing, trade and industry to improve on her gross domestic product (GDP), exchange rate, inflation rate and foreign direct investment (FDI) and thus better the living standard of her citizenry.

scholarly journals The Influence of Inflation Level, Exchange Rate and Gross Domestic Product on Foreign Direct Investment in the ASEAN Countries on 2007 - 2018

2020 ◽  
Vol 5 (3) ◽  
Author(s):  
John FoEh ◽  
Ni Kadek Suryani ◽  
Shakti Silpama
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Inflation Rate ◽  
Random Effect ◽  
Secondary Data ◽  
Domestic Product ◽  
Brunei Darussalam ◽  
Asean Countries

This research aims to determine the effect of the inflation rate, exchange rate and gross domestic product to the foreign direct investment in the ASEAN countries in periods of 2007-2016. The object of this research is the foreign direct investment in 11 countries of ASEAN region such as; Brunei Darussalam, Philippines, Indonesia, Cambodia Laos, Malaysia, Myanmar, Singapore, Thailand, Timor-Leste and Vietnam. The data used are secondary data with analysis by a panel data regression model using with an estimated model of random effect which were processed by Eviews tools version 10. The results of this study indicate that simultaneously the inflation rate, exchange rate, and gross domestic product have a very significant effect to the foreign direct investment. Partially, the inflation rate has a significant negative effect on foreign direct investment, while the exchange rate has a significant positive effect on foreign direct investment. The further analysis showed that the gross domestic product has no significant effect on foreign direct investment.

Pengaruh Pertumbuhan Ekonomi, Foreign Direct Investment dan Tax Rate Terhadap Penerimaan PPh Badan Negara ASEAN

2020 ◽  
Vol 5 (4) ◽  
pp. 325-342
Author(s):  
Merry Inriama ◽  
Milla Sepliana Setyowati
Keyword(s):  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Random Effect ◽  
Random Effect Model ◽  
Least Square ◽  
Domestic Product ◽  
Tax Rate ◽  
Effect Model

Keterbukaan perekonomian menjadi penentu yang penting dalam pertumbuhan ekonomi. Kondisi perekonomian suatu negara dapat memberi dampak terhadap penerimaan sektor perpajakan. Hal ini dapat dilihat dari salah satu penerimaan pajak suatu negara yaitu melalui penerimaan PPh Badan. Tujuan dalam penelitian ini adalah untuk menganalisis pengaruh pertumbuhan ekonomi yang diukur dengan Gross Domestic Product (GDP), Foreign Direct Investment (FDI), dan Tax Rate terhadap besarnya penerimaan PPh Badan (CIT) dalam kasus lima negara ASEAN selama periode 1999-2018. Metode penelitian ini dilakukan dengan menggunakan regresi data panel dengan estimasi Random Effect Model atau Generalized Least Square (GLS) dengan program Eviews. Hasil penelitian ini secara simultan menunjukkan bahwa variabel independen yaitu GDP, FDI, dan tax rate memiliki pengaruh yang signifikan terhadap variabel dependen yaitu penerimaan PPh Badan (CIT). Secara parsial PDB dan tax rate memiliki pengaruh positif dan signifikan yang artinya kenaikan atau penurunan GDP dan tax rate akan mempengaruhi kenaikan atau penurunan penerimaan PPh Badan (CIT), sedangkan FDI tidak memiliki pengaruh terhadap penerimaan PPh Badan (CIT). Melalui penelitian ini diharapkan dapat mengukur variabel-variabel yang memiliki pengaruh terhadap penerimaan PPh Badan, sehingga penerimaan PPh Badan dapat ditingkatkan.

scholarly journals The Effect Of Credit To The Inflation Rate Through Gross Domestic Product In Indonesia

2018 ◽  
Vol 5 (2) ◽  
pp. 78
Author(s):  
Anas Iswanto Anwar ◽  
Ali Akbar
Keyword(s):  
Gross Domestic Product ◽  
Inflation Rate ◽  
Secondary Data ◽  
Least Square ◽  
Bank Credit ◽  
Domestic Product ◽  
Working Capital ◽  
Ordinary Least Square ◽  
Credit Channels ◽  
Transmission Of Monetary Policy

Credit markets are not always balanced because of unbalanced information and other causes. There are two credit channels that influence the transmission of monetary policy from finance to the real sector, namely bank credit channels that are more concerned with the behavior of banks that are more selective in credit selection because of asymmetric information.This study aims to determine the effect of credit that consists of investment credit, working capital credit and consumption credit to the inflation rate through Gross Domestic Product (GDP) in Indonesia. The overall data used in this study is secondary data from the result of systematic recording in the form of time series from 2007 to 2016 obtained from the Central Bureau of Statistics, Bank Indonesia Report and Indonesian Banking Statistics. Data were analyzed by using multiple regression with Ordinary Least Square (OLS) approach. Based on the results of the research, simultaneous credit has a positive and significant effect on inflation through GDP and partially found that investment credit and working capital credit have positive and significant effect to inflation through GDP, while consumption credit has positive and insignificant effect.

scholarly journals Current account determinants in ASEAN 6

2018 ◽  
Vol 21 (2) ◽  
Author(s):  
Novi Ariyani ◽  
Fajar Wahyu Priyanto ◽  
Lilis Yuliati
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Current Account ◽  
Direct Investment ◽  
Domestic Product ◽  
Annual Data ◽  
The Current Account

This study aims to analyze the factors that influence the export activity in the ASEAN region countries such as Indonesia, Singapore, Thailand, Malaysia, Philippines and Vietnam during 2001 - 2016 by using annual data. The factors that influence gross domestic product (GDP), interest rate, foreign direct investment (FDI) and exchange rate. The method used in the research is panel Vector Error Correlation Model (PVECM). The results show that Gross Domestic Product (GDP) negatively affects the current account in the short term. The interest rate variable negatively affects the current account in the long term. The Foreign Direct Investment (FDI) variable negatively affects the current account in the long term. Furthermore, the exchange rate variable negatively affects the current account in the long term.

scholarly journals Foreign Direct Investment (FDI), Trade and Its Contribution to the Mining Sector of Guinea

2016 ◽  
Vol 7 (2) ◽  
pp. 65
Author(s):  
Kimberly Racquel Elizabeth Chin
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Mining Industry ◽  
Domestic Product ◽  
Mining Sector ◽  
The Government ◽  
The Relationship

In order to objectively analyze Foreign Direct Investment (FDI) contribution to Guinea’s mining sector, the granger casualty test was used to determine the relationship among variables and to determine whether any of these variables affect others and how. The variables used are Gross Domestic Product, Government Income, Trade, FDI inflow into Guinea mining sector and the exchange rate. The granger casualty test produced evidence of a bidirectional casualty relationship which suggests that FDI’s influence on efficiency lies in the government relaxing its dependency on the mining industry for economic  growth.

scholarly journals INFLATION PERSISTENCE IN NORTH SUMATERA PROVINCE

2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Wily Julitawaty
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Price Index ◽  
Inflation Rate ◽  
Consumer Price Index ◽  
Secondary Data ◽  
Output Growth ◽  
Domestic Product

The purpose of this study was to determine the persistence of inflation in major North Sumatera Province in 2007 until 2012 and value contributed Output Growth  (GDP) of North Sumatera, Exchange Rate, Interest Rate and Error Correction Term about Inflation in North Sumatera. Data is used secondary data from general Consumer Price Index  (CPI) from North Sumatera Province include Medan, Pematangsiantar, Sibolga and Padangsidempuan monthly of January 2007 until December 2012. And secondary data Consumer Price Index  (CPI) of North Sumatera Province, Gross Domestic Product of  Province Sumatera Utara, Exchange Rate and Interest Rate of BI Rate yearly of 1999 until 2012. Model is used model econometric with Autoregressive method and Error Correction Model. Result of this research with estimation of  VAR model concludes that degree of persistence of 4 town from North Sumatera Province is low. Result of estimation of model ECM concludes that Interest Rate significantly affect to inflation rate, while Gross Domestic Product of  North Sumatera Province and Exchange Rate not significantly affect to inflation rate. While ECT becomes significant correction to variable inflation rate. Where the form of error correction in the ECM suggests a long-term relationship between the variables inflation, GDP variable, the variable exchange rate and variable interest rate is comparable.

scholarly journals Analysis the Effect of Money Supply and Third-Party Funds to the Inflation Rate through Gross Domestic Product in Indonesia Period 2008-2017

2021 ◽  
Vol 58 (1) ◽  
pp. 463-473
Author(s):  
Anas Iswanto Anwar, Asma Inawahyuni, Sri Undai Nurbayani
Keyword(s):  
Gross Domestic Product ◽  
Money Supply ◽  
Inflation Rate ◽  
Time Series Data ◽  
Secondary Data ◽  
Least Square ◽  
Third Party ◽  
Domestic Product ◽  
Series Data ◽  
Valid Data

The objective of this research is to determine the effect of money supply and third-party funds to the inflation rate through Gross Domestic Product (GDP) in Indonesia. The type of data is secondary data. This research used time series data from 2008 to 2017 from various valid data source.The data then were analyzed by multiple regressionswith Two-Stage Least Square (2SLS) approach processed byEviews 9.0.According to resultsanalysis of this study, there is a positive and significant effect between money supply and third-party funds to GDP directly. Partially, it is found that money supply has no significant effect to inflation through GDP and Third-party funds have negative and significant effect to inflation through GDP.

scholarly journals MACROECONOMIC INDICATORS AND FOREIGN DIRECT INVESTMENT IN INDONESIA

2021 ◽  
Vol 10 (1) ◽  
pp. 91
Author(s):  
Fitriyah Fitriyah ◽  
Farida Rahmawati ◽  
Bagus Shandy Narmaditya
Keyword(s):  
Time Series ◽  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Least Square ◽  
Domestic Product ◽  
Ordinary Least Square ◽  
Doing Business ◽  
Macroeconomic Indicators ◽  
Ease Of Doing Business

ABSTRACTIndonesia has abundant diversity of resources to promote economic growth, and insufficient capital will lead to economic stagnation. This paper aims at examining the impact of macroeconomic indicators such as gross domestic product and inflation toward foreign direct investment in Indonesia as well as investigating the ease of doing business factors in explaining foreign direct investment. This research involved a time-series from 2014 to 2019, which was collected from several official websites of Statistics Indonesia (BPS), Central Bank of Indonesia (BI), the Investment Coordinating Board (BKPM), and World Bank. Furthermore, the data were analyzed undergoing multiple linear regression analyses with the Ordinary Least Square (OLS) model. The findings indicate that gross domestic product has a positive impact on foreign direct investment, while inflation has a negative effect. Also, the ease of doing business variables failed in explaining a significant influence between foreign direct investment in Indonesia.ABSTRAKIndonesia memiliki keanekaragaman sumber daya yang melimpah untuk mendorong pertumbuhan ekonomi namun permasalahan permodalan menyebabkan kelambanan yang menyebabkan stagnasi ekonomi. Penelitian ini bertujuan untuk menguji pengaruh indikator makroekonomi seperti produk domestik bruto dan inflasi terhadap investasi asing langsung di Indonesia. Penelitian ini juga menyelidiki faktor-faktor kemudahan berbisnis dalam menjelaskan investasi asing langsung. Data penelitian ini adalah time-series 2014-2019, yang diperoleh dari beberapa situs resmi termasuk Badan Pusat Statistik (BPS), Bank Sentral Indonesia (BI), Badan Koordinasi Penanaman Modal (BKPM), dan Bank Dunia. Selanjutnya data tersebut dianalisis dengan menggunakan analisis regresi linier berganda dengan model Ordinary Least Square (OLS). Hasil penelitian menunjukkan bahwa produk domestik bruto berpengaruh positif terhadap investasi asing langsung, sedangkan inflasi berpengaruh negatif. Selain itu, variabel kemudahan berbisnis gagal menjelaskan pengaruh yang signifikan antara investasi asing langsung di Indonesia.

scholarly journals Determinan Ekspor Di Indonesia

2020 ◽  
Vol 4 (2) ◽  
pp. 307-317
Author(s):  
Fanny Septina
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Direct Investment ◽  
Oil And Gas ◽  
Error Correction Model ◽  
Domestic Product ◽  
Correction Model ◽  
Us Dollar

ABSTRACTThis study aims to explore macroeconomic factors that affect non-oil and gas exports in Indonesia. The research data are non-oil and gas export data, Gross Domestic Product, inflation, US dollar exchange rate, foreign direct investment in the 2010-2019 period published by Bank Indonesia statistics. The research method uses the Vector Error Correction Model (VECM) analysis with the Augmented Dickey Fuller (ADF) stationary test, Johansen's cointegration test, Granger causality test, Error Correction Model. The results showed there was a cointegration relationship between all dependent and independent variables, a direct relationship with the US dollar exchange rate and inflation on Gross Domestic Product, Gross Domestic Product on exports. In the short term Gross Domestic Product, inflation, exchange rates, and foreign direct investment have no significant effect on non-oil and gas exports. In the long run, Gross Domestic Product has a significant effect on non-oil and gas exports.Keywords: non-oil export, macroeconomy, cointegration, causality, error correction model

scholarly journals Does the Exchange Rate and Its Volatility Matter for International Trade in Ethiopia?

2021 ◽  
Vol 14 (12) ◽  
pp. 591
Author(s):  
Tiblets Nguse ◽  
Betgilu Oshora ◽  
Maria Fekete-Farkas ◽  
Anita Tangl ◽  
Goshu Desalegn
Keyword(s):  
Foreign Direct Investment ◽  
International Trade ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Domestic Product ◽  
Short Term ◽  
Rate Level ◽  
Exchange Rate Level

This study was carried out to investigate the impact of the Ethiopian exchange rate and its volatility on international trade. Trade openness was used as a proxy for international trade in the study. The study’s general objective was to investigate how international trade responds to exchange rate levels and volatility. The study relied solely on secondary time-series data spanning the years 1992 to 2019. The Autoregressive Distributive Lag (ARDL) model was used in the study to investigate the long-term relationship between exchange rate level, volatility, and international trade performance. An error correction model was used to estimate the variables in the short term. To conduct the regression analysis, Foreign Direct Investment (FDI), Gross Domestic Product (GDP), and inflation were used as control variables. The finding of the study implies that: in the short term, the exchange rate level was found to negatively and significantly influence international trade. However, exchange rate volatility positively and significantly affects international trade both in the short and in the long term. In addition, gross domestic product, foreign direct investment, and inflation have a positive effect on international trade both in the short term and long term. This finding lends support to the J-curve effects, which suggest an initial loss in the short term followed by a dramatic gain in the long term. However, the findings of this study suggest that there is no significant gain from international trade to justify currency depreciation in Ethiopia.

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