The Influence of Economic Factors on The Indonesian State Stock Price Index in 2014- 2023

Sanefaro Infun J. Mofu, Linggar Ikhsan Nugroho, Axel Adelwin

Abstract


In addition to foreign direct investment, domestic direct investment (PMDN) also helps Indonesia in carrying out development. Domestic investment is used to develop the Indonesian economy, create jobs, increase national income and strengthen the competitiveness of domestic industries. This study aims to determine the effect of interest rates on investment. The data used in this study are secondary data from investment and interest rate variables. This research uses panel data which is a combination of cross-section data and time series data. In this study, the cross-section data is 34 provinces in Indonesia and the time series data is data from 2014-2023. This study will look at the effect of interest rates on investment using panel data regression. Based on the results of the analysis, it is found that interest rates have a negative and significant effect on domestic investment.


Keywords


Domestic direct investment; interest rate; panel data regression

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References


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DOI: https://doi.org/10.20961/bfde.v4i1.109706

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