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The Effect of Export, Import and Investment to Economic Growth of Riau Islands Indonesia

Author

Listed:
  • Dwi Kartikasari

    (Department of Management and Business, Batam State Polytechnic, Batam, Indonesia.)

Abstract

This study aimed to analyze the effect of export, import, and investment to economic growth of Riau Islands Indonesia. Data were obtained from the quarterly regional economic report of Riau Islands Province Indonesia in the period of 2009-2016 or 8 years. Export and import were free on board value reported by importer/exporter to Indonesia customs. While investment was measured by investment credit reported by all banks to Bank Indonesia, and economic growth by gross regional domestic product provided by central bureau of statistic. Panel data regression analysis was implemented to analyze the influence of independent variables to the dependent variable. The most suitable panel data regression model in this study was a random effect model. The study found that partially, export had an insignificant negative effect on economic growth, while import had a significant negative impact and investment had a significant positive impact. Simultaneaously, the three variables had statistically significant effect to the economic growth of Riau Islands Province Indonesia.

Suggested Citation

  • Dwi Kartikasari, 2017. "The Effect of Export, Import and Investment to Economic Growth of Riau Islands Indonesia," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 663-667.
    • Handle: RePEc:eco:journ1:2017-04-77
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    Citations

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    Cited by:

    1. Sayef Bakari & Mohamed Mabrouki & Asma Elmakki, 2018. "The Nexus Between Industrial Exports And Economic Growth In Tunisia: Empirical Analysis," Journal of Smart Economic Growth, , vol. 3(2), pages 31-53, December.
    2. Bakari, Sayef, 2022. "The Impact of Natural resources, CO2 Emission, Energy use, Domestic Investment, Innovation, Trade and Digitalization on Economic growth: Evidence from 52 African Countries," MPRA Paper 114323, University Library of Munich, Germany.
    3. Ben Yedder, Nadia & El Weriemmi, Malek & Bakari, Sayef, 2023. "Boosting Economic Growth in Angola: Unveiling the Dynamics of Domestic Investments and Exports," MPRA Paper 119480, University Library of Munich, Germany.
    4. Sayef Bakari & Nissar Fakraoui & Sofien Tiba, 2021. "Domestic Investment, Export, Import And Economic Growth In Brazil: An Application Of Vector Error Correction Model," Journal of Smart Economic Growth, , vol. 6(1), pages 31-48, Mars.
    5. Alexander I. VILLANUEVA, 2020. "Analyzing Romania GDP: Final consumption, gross investment, and net exports influence compared to previously published models," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(625), W), pages 169-176, Winter.
    6. Sayef Bakari & Sofien Tiba, 2022. "Agricultural Exports, Agricultural Imports And Economic Growth In China," Journal of Smart Economic Growth, , vol. 7(3), pages 35-61, September.
    7. Najwa AKERMI & Nadia Ben YEDDER & Sayef BAKARI, 2024. "Impact of final consumption, domestic investment, exports, and imports on economic growth in Albania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(638), S), pages 231-252, Spring.
    8. Mukesh Kumar & Nargis & Azeema Begam, 2020. "Export-Led Growth Hypothesis: Empirical Evidence from Selected South Asian Countries," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 8(1), pages 1-15, March.
    9. Emilda Hashim & Norimah Rambeli & Asmawi Hashim & Norasibah Abdul Jalil & Shahrun Nizam Abdul Aziz & Noor Al Huda Abdul Karim, 2019. "Dynamic Relationship Between Real Export, Real Import, Real Exchange Rate, Labor Force and Real Gross Domestic Product in Malaysia," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(5), pages 20-29, December.
    10. Bakari, Sayef & Fakraoui, Nissar & Mabrouki, Mohamed, 2020. "The Contribution of Domestic Investment, Exports and Imports on Economic Growth: A Case Study of Peru," MPRA Paper 99041, University Library of Munich, Germany.
    11. Nur Aniera Alieana Mohamad Zani & Suhana Mohamed & Fatin Farazh Ya’acob, 2024. "The Decline of Malaysia’s Trade and GDP during Covid-19," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(11), pages 782-789, November.
    12. Moses Aondohemba TYOKOSU & Nicholas Abakpa, 2023. "The Relationship between Trade Openness and Economic Growth in Nigeria from 2000 to 2020," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 1766-1778, November.
    13. Nano Prawoto & Agus Tri Basuki, 2020. "Effect of Macroeconomic Indicators and CO2 Emission on Indonesian Economic Growth," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 354-358.

    More about this item

    Keywords

    Export; Import; Investment; Economic Growth; Panel Data;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

    Statistics

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