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All Journal Signifikan : Jurnal Ilmu Ekonomi
Muhammad Aja Fajrian
Department of Economics, Faculty of Economics and Management, IPB University and BPS - Statistics of Bolaang Mongondow Regency, Indonesia
Economics, Econometrics & Finance

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Journal : Signifikan : Jurnal Ilmu Ekonomi

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Foreign Direct Investment (FDI), Abundance of Natural Resources, and Economic Growth Muhammad Aja Fajrian; Noer Azam Achsani; Widyastutik Widyastutik
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 1 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i1.29975

Abstract

The impact of foreign direct investment (FDI) on the host country’s economic growth is often discussed without considering the abundance of natural resources in the host country. The present study examines the relationship between FDI and economic growth while considering the presence of natural resources. Using panel data regression with data from 124 countries, the study finds that FDI inflows are increasing significantly, with pronounced differences between countries based on their per capita income levels. The results of the panel data regression analysis show that both FDI and natural resources positively affect economic growth. However, an increase in natural resources reduces the overall impact of FDI on economic growth. This result suggests that countries should attract FDI in sectors outside of natural resources to maximize the positive effects of FDI on economic growth.JEL Classification: F43, O4, P28, P45, Q0How to Cite:Fajrian, M. A., Achsani, N. A., & Widyastutik. (2023). Foreign Direct Investment, Abundance of Natural Resources, and Economic Growth. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 11-26. https://doi.org/10.15408/sjie.v12i1.29975.
Co-Authors Ervina Mela Dewi, Yandra Arkeman, Erliza Noor, Noer Azam Achsani Widyastutik