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The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia

The study aims to estimate the impact of Foreign Direct Investment (FDI), labour, and external debt on economic growth in Indonesia and Malaysia over the period 1980-2016. The findings are expected to serve as a reference for macroeconomic policies in Indonesia and Malaysia. Employing an Autoregre...

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Main Authors: Cahyadin, Malik, Tamat Sarmidi,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2019
Online Access:http://journalarticle.ukm.my/14076/1/jeko_53%281%29-14.pdf
http://journalarticle.ukm.my/14076/
http://www.ukm.my/fep/jem/content/2019.html
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spelling my-ukm.journal.140762020-01-31T22:33:44Z http://journalarticle.ukm.my/14076/ The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia Cahyadin, Malik Tamat Sarmidi, The study aims to estimate the impact of Foreign Direct Investment (FDI), labour, and external debt on economic growth in Indonesia and Malaysia over the period 1980-2016. The findings are expected to serve as a reference for macroeconomic policies in Indonesia and Malaysia. Employing an Autoregressive Distributed Lag Model (ARDL) and Error Correction Model (ECM), we find that FDI, labour force and external debt have a significant impact on the economic growth in the long- and short- run in both countries. Statistically, the estimated models are stable. Therefore, it is recommended that the authorities in Indonesia and Malaysia should concentrate on attracting more quality FDI inflows and properly manage external debts as well as high-skilled labour force, which are vital to economic growth. Penerbit Universiti Kebangsaan Malaysia 2019 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/14076/1/jeko_53%281%29-14.pdf Cahyadin, Malik and Tamat Sarmidi, (2019) The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia. Jurnal Ekonomi Malaysia, 53 (1). pp. 171-185. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2019.html
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The study aims to estimate the impact of Foreign Direct Investment (FDI), labour, and external debt on economic growth in Indonesia and Malaysia over the period 1980-2016. The findings are expected to serve as a reference for macroeconomic policies in Indonesia and Malaysia. Employing an Autoregressive Distributed Lag Model (ARDL) and Error Correction Model (ECM), we find that FDI, labour force and external debt have a significant impact on the economic growth in the long- and short- run in both countries. Statistically, the estimated models are stable. Therefore, it is recommended that the authorities in Indonesia and Malaysia should concentrate on attracting more quality FDI inflows and properly manage external debts as well as high-skilled labour force, which are vital to economic growth.
format Article
author Cahyadin, Malik
Tamat Sarmidi,
spellingShingle Cahyadin, Malik
Tamat Sarmidi,
The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia
author_facet Cahyadin, Malik
Tamat Sarmidi,
author_sort Cahyadin, Malik
title The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia
title_short The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia
title_full The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia
title_fullStr The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia
title_full_unstemmed The impact of foreign direct investment, labour force, and external debt on economic growth in Indonesia and Malaysia
title_sort impact of foreign direct investment, labour force, and external debt on economic growth in indonesia and malaysia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2019
url http://journalarticle.ukm.my/14076/1/jeko_53%281%29-14.pdf
http://journalarticle.ukm.my/14076/
http://www.ukm.my/fep/jem/content/2019.html
_version_ 1657565464126029824
score 13.211869

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