| Summary: | 碩士 === 中原大學 === 國際商學碩士學位學程 === 106 === ABSTRACT
Foreign direct investment (FDI) plays a key role in the developing countries. However, whether FDI has the significant impact on these countries still does not reach a consensus. The goal of this thesis is to analyze the effect of foreign direct investment (FDI) on economic growth of the developing countries, taking Indonesia for example. We use two kinds of the multiple regression model to cope with time series data in Indonesian economy from 1990 until 2016. The first one employs the aggregate data of some macro variables such as, gross domestic product (GDP), FDI, domestic direct investment, labor, M2, and budget deficit. The second one analyzes sectoral data in 9 major economic sectors, including Agriculture Hunting, Forestry, and Fishery; Community, Social, and Personal Service; Construction; Electricity, Gas, and Water Supply; Manufacturing; Mining and Quarrying; Real Estate and Business; Transportation and Warehousing, Communication; Wholesale and Retail Trade, Hotel and Restaurant. The results show when measuring the average growth performance for the whole economy, the positive impact of FDI on GDP is not statistically significant. However, when examining sectoral impacts, estimation results show that only in the manufacturing sector, the FDI has a positive and significant effect on GDP growth.
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