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ANALISIS DAMPAK STABILITAS MAKROEKONOMI DAN PAJAK TERHADAP INVESTASI PORTOFOLIO ASING DI ASEAN-5

NURLAILA DEWI, RACHMADANI (2023) ANALISIS DAMPAK STABILITAS MAKROEKONOMI DAN PAJAK TERHADAP INVESTASI PORTOFOLIO ASING DI ASEAN-5. S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.

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Abstract

The sudden stop risk in foreign portfolio investment allows foreign investors to suddenly withdraw invested funds from the recipient country. Because there are many factors that can affect the movement of foreign portfolio investment. The purpose of this study is to analyze the impact of macroeconomic stability and taxes on Foreign Portfolio Investment in ASEAN-5. GDP, Inflation, Exchange Rate, and Interest Rate are macroeconomic stability variables, as well as Tax variables. Based on annual time series data for 2006 to 2021, the sample is determined. And cross section data in the form of ASEAN-5 countries, namely Indonesia, Singapore, Malaysia, Thailand, and the Philippines. The World Bank provides all the data needed in this study. The analysis method used is the Pooled Mean Group Estimation (PMG) method using EVIEWS 10 software. The results in this study indicate that in the short-term period the variables of GDP, Inflation, Exchange Rates, Interest Rates, and Taxes have no significant effect. While in the long-term period the GDP variable has a significant positive effect on Foreign Portfolio Investment. While the variables of Inflation, Exchange Rates, Interest Rates, and Taxes have a significant negative effect on foreign portfolio investment in ASEAN-5.

Item Type: Thesis (S1)
Contributors:
ContributionContributorsNIP/NIM
Thesis advisorCHENDRAWAN, TONY S.201501022054
Thesis advisorDESMAWAN, DERIS198612132019031008
Additional Information: Risiko sudden stop pada investasi portofolio asing memungkinkan para investor asing secara mendadak menarik dana yang diinvestasikan dari negara penerima modal. Karena adanya sejumlah factor yang dapat mempengaruhi pergerakan investasi portofolio asing. Tujuan dari peelitian ini adalah untuk mengkaji dampak stabilitas makroekonomi dan pajak terhadap Investasi Portofolio Asing di ASEAN-5. PDB, Inflasi, Nilai Tukar, dan Suku Bunga merupakan variabel stabilitas makroekonomi, serta variabel Pajak. Berdasarkan data time series tahunan untuk tahun 2006 hingga 2021, sampel ditentukan. Dan data cross section berupa ASEAN-5 yaitu negara Indonesia, Singapura, Malaysia, Thailand, dan Filipina. World Bank menyediakan seluruh data yang diperlukan dalam penelitian ini. Dengan metode analisis yang digunakan adalah metode Pooled Mean Group Estimation (PMG) dengan menggunakan software EVIEWS 10. Hasil pada penelitian ini menunjukkan bahwa pada periode jangka pendek variabel PDB, Inflasi, Nilai Tukar, Suku Bunga, dan Pajak tidak berpengaruh signifikan. Sementara pada periode jangka panjang variabel PDB memiliki pengaruh positif signifikan terhadap Investasi Portofolio Asing. Sedangkan variabel Inflasi, Nilai tukar, Suku Bunga, dan Pajak memiliki pengaruh negatif signifikan terhadap investasi portofolio asing di ASEAN-5.
Uncontrolled Keywords: Foreign Portfolio Investment, Macroeconomic Stability, Tax, Pooled Mean Group Investasi Portofolio Asing, Stabilitas Makroekonomi, Pajak, Pooled Mean Group
Subjects: H Social Sciences > HB Economic Theory
Divisions: 05-Fakultas Ekonomi dan Bisnis
05-Fakultas Ekonomi dan Bisnis > 60201-Program Sarjana Ilmu Ekonomi Pembangunan
Depositing User: Rachmadani Nurlaila Dewi
Date Deposited: 20 Sep 2023 10:52
Last Modified: 02 Nov 2023 11:14
URI: http://eprints.untirta.ac.id/id/eprint/29363

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