The Influence of Interest Rates and Infrastructure on Domestic Investment in Banten Province
DOI:
https://doi.org/10.54099/ijibmr.v3i1.589Keywords:
Interest Rates,, Infrastructure,, PMDNAbstract
This research is aimed at proving whether there is an influencing relationship between the independent variables (Interest Rates) and (Infrastructure) on the dependent variable (Domestic Investment). This research method uses panel data regression analysis by combining two data from time series with cross section. From the test results for individual correlations, it was found that the Interest Rate Variable correlation did not have a partial/individual significant effect on Domestic Investment (PMDN). While the Infrastructure Variable on Domestic Investment (PMDN) has a significant influence partially/individually.Furthermore, joint testing between all independent variables on the dependent variable. (Interest Rates and Infrastructure) together have a significant effect on the dependent variable Domestic Investment (PMDN). Based on this research, it illustrates that low bank interest rates and good infrastructure will be able to encourage increased domestic investment which will ultimately be able to increase GRDP, people's income and people's welfare in Banten province. Therefore the role of the government in terms of improving the quality of infrastructure, especially roads and intervention on interest rates (credit) will greatly assist domestic investors to become entrepreneurs.
References
Alice. Ekklesia., Sepriani, L., Hulu, Y, J. (2021). Pengaruh Investasi Penanaman Modal Terhadap Pertumbuhan Ekonomi Melalui Peningkatan Produk Domestik Bruto di Indonesia. Wacana Ekonomi (Jurnal Ekonomi, Bisnis dan Akuntansi), 20 (2), pp.77- 83. https://doi.org/10.22225/we.20.2.2021.77-83
Badan Pusat Statistik, 2018. Inflasi dan Indeks Harga Konsumen. BPS. Indonesia
BPS, Produk Domestik Regional Bruto menurut Lapangan Usaha (Bps, 2015)
Dadabaev, T. (2018). Japanese and Chinese Infrastructure Development Strategies in Central Asia. Japanese Journal of Polical Science, 542-561
Frida. Asnita S, Karolina. Lesta S (2020) Infrastructure Investment and Its Impact to Regional Development. Economics Development Analysis Journal Vol 9 (3) http://journal.unnes.ac.id/sju/index.php/edaj
Hasan, G., & Liana, E. N. (2022). What Influences Fashion Consumers’ Loyalty On Social Media in Indonesia? International Journal of Islamic Business and Management Review, 2(1), Article 1. https://doi.org/10.54099/ijibmr.v2i1.125
Iskamto, D. (2015). Anomali Pasar Pada Bursa Efek Indonesia. Jurnal Tepak Manajemen Bisnis, VII(3).
Iskamto, D. (2020). The Role of Leadership and Influence on Employee Performance in Digital Era. Jurnal Manajemen Bisnis, 17(4), 470–484.
Mahriza, T., & Amar, S.B. (2019). “Pengaruh Investasi Dalam Negeri, Investasi Asing, Tenaga Kerja dan Infrastruktur Terhadap Perekonomian di Provinsi Sumatera Barat”, Jurnal Kajian Ekonomi dan Pembangunan, volume 1, Nomor 3, Hal 691-704.
Mustafa, A. M. M. (2019. h 44-52). The Relationship between Foreign Direct Investment and Inflation: Econometric Analysis and Forecasts in the Case of Sri Lanka. URL: https://doi.org/10.5539/jpl.v12n2p44. Journal of Politics and Law; Vol. 12, No. 2; 2019.
R. Ana dan Suratman, Hukum Investasi dan Pasar Modal, (Sinar Grafika, Jakarta, 2009), hal.33
Rudianto, D., Ratnawati, A., Susanto, B., & Susilo, T. P. (2022). Determinants of the Underpricing Rate of Stocks: Study on Companies Conducting IPO on the IDX. Adpebi International Journal of Multidisciplinary Sciences, 1(1), Article 1. https://doi.org/10.54099/aijms.v1i2.227
Sukmadewi, R. (2021). Analysis of the Effect of Current Ratio, Working Capital, Debt Ratio on the Performance of Various Industrial Companies Listed on the IDX. Husnayain Business Review, 1(1), Article 1. https://doi.org/10.54099/hbr.v1i1.25
UUD Nomor 25 Tahun 2007 ayat 2 Tentang Penanaman Modal
Waktole. T, & d Bogale. M. 2018 Determinants of growth of private investment in Jimma City, Ethiopia. Vol. 12(15), pp. 475-485, DOI: 10.5897/AJBM2018.8563 Article Number: F7D750A58257 ISSN: 1993- 8233 Copyright© 2018 Author(s) http://www.academicjournals.org/AJBM
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 International Journal of Islamic Business and Management Review
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
This work is licensed under a 