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The Impact of Global Trade on People Welfare in Indonesia

Author

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  • Muhammad Saleh Mire

    (SMK, Makassar, South Sulawesi, Indonesia)

  • Sri Wahyuni

    (SMK, Makassar, South Sulawesi, Indonesia)

Abstract

This study examines the relationship between free trade and the welfare of the Indonesian population. The aim of the study is to provide an overview of the development of international trade and investment and its impact on the development of Indonesian people’s welfare using panel data from 2017-2022, and the statistical analysis technique used is path analysis. The results of the analysis show that foreign investment has a significant positive influence on economic growth. Apart from that, non-oil and gas exports have an influence, but oil and gas exports do not have an influence on economic growth. Furthermore, oil and gas imports have an influence, but non-oil and gas imports do not have an influence on economic growth. The results also show that domestic investment, foreign inversion, oil and gas exports and non-oil and gas exports, as well as oil and gas and non-oil and gas imports do not have an influence on the welfare of the Indonesian people, the only variable that has an influence on welfare is a domestic investment. Thus, it can be concluded that free trade has an impact in the form of increasing the welfare of the population.

Suggested Citation

  • Muhammad Saleh Mire & Sri Wahyuni, 2024. "The Impact of Global Trade on People Welfare in Indonesia," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(11), pages 1041-1052, November.
    • Handle: RePEc:bjc:journl:v:11:y:2024:i:11:p:1041-1052
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