International Journal of Multidisciplinary Research and Literature (IJOMRAL)
Vol. 2 No. 2 (2023): INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH AND LITERATURE

THE INFLUENCE OF FOREIGN DIRECT INVESTMENT (FDI), EXTERNAL DEBT, AND TRADE OPENNESS (TO) ON ECONOMIC GROWTH IN EMERGING MARKET COUNTRIES WITH THE COVID-19 PANDEMIC AS A DUMMY VARIABLE

Mutiara Annisa Dhiya’ulhaq (Universitas Negeri Jakarta)
Sri Indah Nikensari (Universitas Negeri Jakarta)
Siti Fatimah Zahra (Universitas Negeri Jakarta)

Article Info

Publish Date
03 Mar 2023

Abstract

One global goal to achieve is decent work and economic growth. Economic growth from one period to another reflects the achievement of a country's economic development. The factors of production owned by a country are used to produce goods and services, which will then determine the country's competency in economic growth within a certain time. This study aims to determine the effect of foreign direct investment (FDI), external debt, and trade openness (TO) on economic growth in emerging market countries with the Covid-19 pandemic as a dummy variable. The analysis technique in this study uses the least squares method, or Ordinary Least Square (OLS), for the dummy variable multiple linear regression model. The results of this study indicate that foreign direct investment (FDI), external debt, trade openness, and the Covid-19 pandemic simultaneously (together) affect economic growth. Foreign direct investment (FDI) and trade openness positively affect economic growth in emerging market countries. It is shown from the regression coefficient values that are equal to 2.044 and 5.248. Meanwhile, external debt and the Covid-19 pandemic had a negative (opposite) effect on the economic growth of emerging market countries. It is shown from the results of the regression coefficients, which are -0.007 and -2.018

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Journal Info
International Journal of Multidisciplinary Research and Literature (IJOMRAL)
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Abbrev

home

Publisher

Yayasan Education Social Center Publisher

Subject

Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Physics Social Sciences Other

Description

IJOMRAL is a multidisciplinary forum for the publication of articles and research and discussion of issues that bear upon and enfold all the field. focuses on a broad range of topics covering all topic form Research or Literature Review that are of regional and World ...