KAUSALITAS EKSPOR TERHADAP FOREIGN DIRECT INVESTMENT DI INDONESIA TAHUN 1995-2019

Abstract

This study aims to determine whether there is a causal relationship between exports and foreign direct investment in Indonesia in 1995-2019. This study uses secondary data in the form of quantitative data in the form of time series, namely data on exports and foreign direct investment in Indonesia in 1995-2019 which are sourced from the Investment Coordinating Board (BKPM) and the Central Statistics Agency (BPS). In this study, the model used is the Vector Autoregressive (VAR) model with the Granger Causality Test technique to analyze the presence or absence of causality relationship of exports to foreign direct investment in Indonesia in 1995-2019 and calculated using the E-views 10 application software. From the tests that have been done, the results of this study show that from the Granger causality test that has been carried out on exports and foreign direct investment in Indonesia there is no causality relationship between the two, but there is a one-way relationship where exports affect foreign direct investment. However, foreign direct investment does not affect exports.

Keywords : Foreign Direct Investment, Ekspor, Vector Autoregresive, Kausalitas Granger