政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/158545

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 118209/149242 (79%)
Visitors : 74463935 Online Users : 123

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Scope

please add "double quotation mark" for query phrases to get precise results

please goto advance search for comprehansive author search

Adv. Search

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

Goto mobile version

政大機構典藏 > 社會科學學院 > 應用經濟與社會發展英語碩士學位學程 (IMES) > 學位論文 > Item 140.119/158545

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/158545

Title:	中國投資在印尼區域經濟成長扮演的角色 The Role of Chinese Investment in Indonesia’s Regional Economic Growth
Authors:	潘怡璇 Putri, Marcella Alifia Kuswana
Contributors:	吳⽂傑 Wu, Wen-Chieh 潘怡璇 Marcella Alifia Kuswana Putri
Keywords:	外來直接投資區域發展⼈⼒資本產業升級印尼中國固定效果模型 Foreign Direct Investment Regional development Human capital Industrial upgrading Indonesia China Fixed effects
Date:	2025
Issue Date:	2025-08-04 14:18:12 (UTC+8)
Abstract:	本研究運⽤雙向固定效果的⾯板迴歸模型與中介分析⽅法，實證評估中國對印尼外來直接投資（FDI）對省級經濟成長的影響。研究使⽤2013⾄2020年間印尼34個省份的年度數據，結果顯⽰中國FDI對區域經濟成長具有顯著正向影響。然⽽，這種影響在不同地區間呈現不均，主要取決於地⽅的結構條件與傳導機制。教育年數較⾼與對外貿易開放程度較強的地區，更能吸收外資帶來的正⾯效益。機制分析進⼀步指出，中國FDI除了直接帶來資本流入外，亦透過促進⼈⼒資本累積與產業結構升級，間接促進經濟成長。中蘇拉威⻄與⻄爪哇等省份的案例顯⽰，⾃然資源與產業聚集能強化FDI的成長效果。整體⽽⾔，本研究提供政策制定者有關如何優化外資發展效益的實證依據，有助於推動印尼更具包容性與區域平衡的經濟成長。 This study conducts an empirical evaluation of the economic impact of Chinese foreign direct investment (FDI) on Indonesia’s provincial growth, using a two-way fixed effects panel regression model and mediation analysis. Utilizing annual data from 34 provinces between 2013 and 2020, the study finds that Chinese FDI has a statistically significant and positive effect on regional economic growth. However, this impact is uneven across provinces, depending on structural readiness and specific transmission channels. The effect is more pronounced in regions with stronger educational attainment and greater trade openness, suggesting that local absorptive capacity and global market access mediate the growth benefits of FDI. The mechanism analysis reveals that Chinese FDI contributes to regional growth not only through direct capital inflow but also by enhancing human capital and shifting industrial structure toward more globally integrated sectors. Provinces such as Central Sulawesi and West Java illustrate how resource endowments and industrial agglomeration can amplify these effects. Overall, the study offers valuable insights for policymakers to design targeted strategies that optimize the developmental impact of foreign investment, ensuring inclusive and regionally balanced growth across Indonesia.
Reference:	Alfaro, L., Chanda, A., Kalemli-Ozcan, S., & Sayek, S. (2004). FDI and economic growth: The role of local financial markets. Journal of International Economics, 64(1), 89–112. https://doi.org/10.1016/S0022-1996(03)00081-3 Amna Intisar, R., Yaseen, M. R., Kousar, R., Usman, M., & Makhdum, M. S. A. (2020). Impact of Trade Openness and Human Capital on Economic Growth: A Comparative Investigation of Asian Countries. Sustainability, 12(7), 2930. https://doi.org/10.3390/su12072930 Andriansyah, Nurwanda, A., & Rifai, B. (2023). Structural Change and Regional Economic Growth in Indonesia. Bulletin of Indonesian Economic Studies, 59(1), 91–117. https://doi.org/10.1080/00074918.2021.1914320 Auty, R. M. (1995). Economic Development and the Resource Curse Thesis. In Economic and Political Reform in Developing Countries (pp. 58–80). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-13460-1_4 Azémar, C., & Desbordes, R. (2010). Short-run Strategies for Attracting Foreign Direct Investment. World Economy, 33(7), 928–957. https://doi.org/10.1111/j.1467-9701.2010.01226.x Bai, J., Choi, S. H., & Liao, Y. (2019). Feasible Generalized Least Squares for Panel Data with Cross-sectional and Serial Correlations. http://arxiv.org/abs/1910.09004 Baldwin, R. (2003). Openness and Growth: What’s the Empirical Relationship? https://doi.org/10.3386/w9578 Baldwin, R. (2016). The Great Convergence. Harvard University Press. https://doi.org/10.2307/j.ctv24w655w Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51(6), 1173–1182. https://doi.org/10.1037/0022-3514.51.6.1173 Barro, R. J. (2001). Human Capital and Growth. American Economic Review, 91(2), 12–17. https://doi.org/10.1257/aer.91.2.12 Basu, P., & Guariglia, A. (2007). Foreign Direct Investment, inequality, and growth. Journal of Macroeconomics, 29(4), 824–839. https://doi.org/10.1016/j.jmacro.2006.02.004 Batschauer da Cruz, C. B., Eliete Floriani, D., & Amal, M. (2022). The OLI Paradigm as a comprehensive model of FDI determinants: a sub-national approach. International Journal of Emerging Markets, 17(1), 145–176. https://doi.org/10.1108/IJOEM-07-2019-0517 Berenguer, G., Costas Lorenzo, N., & Sáez de Tejada Cuenca, A. (2025). The State of Supplier Diversity Initiatives by Large Corporations: The New Sustainable Supply Chain? Production and Operations Management, 34(3), 541–551. https://doi.org/10.1177/10591478241240123 Bitzer, J., & Görg, H. (2009). Foreign Direct Investment, Competition and Industry Performance. The World Economy, 32(2), 221–233. https://doi.org/10.1111/j.1467-9701.2008.01152.x BKPM. (2025). Data Realisasi Investasi. 2025. https://data.bkpm.go.id/dataset Blomstrom, M., & Kokko, A. (2003). The Economics of Foreign Direct Investment Incentives. https://doi.org/10.3386/w9489 Blyde, J., & Molina, D. (2015). Logistic infrastructure and the international location of fragmented production. Journal of International Economics, 95(2), 319–332. https://doi.org/10.1016/j.jinteco.2014.11.010 Bong, A., & Premaratne, G. (2018). Regional Integration and Economic Growth in Southeast Asia. Global Business Review, 19(6), 1403–1415. https://doi.org/10.1177/0972150918794568 Borensztein, E., De Gregorio, J., & Lee, J.-W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115–135. https://doi.org/10.1016/S0022-1996(97)00033-0 BPS. (2025). Statistik Indonesia. https://www.bps.go.id/id Budina, N. (2023). Structural Reforms to Accelerate Growth, Ease Policy Trade-offs, and Support the Green Transition in Emerging Market and Developing Economies. Staff Discussion Notes, 2023(007), 1. https://doi.org/10.5089/9798400250095.006 Chenery, H., & Syrquin, M. (1975). Pattern of Development 1950-1970. Cohen, W. M., & Levinthal, D. A. (1990). Absorptive Capacity: A New Perspective on Learning and Innovation. Administrative Science Quarterly, 35(1), 128. https://doi.org/10.2307/2393553 Crespo, N., & Fontoura, M. P. (2007). Determinant Factors of FDI Spillovers – What Do We Really Know? World Development, 35(3), 410–425. https://doi.org/10.1016/j.worlddev.2006.04.001 Driscoll, J. C., & Kraay, A. C. (1998). Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data. Review of Economics and Statistics, 80(4), 549–560. https://doi.org/10.1162/003465398557825 Dunning, J. H. (1988). The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions. Journal of International Business Studies, 19(1), 1–31. https://doi.org/10.1057/palgrave.jibs.8490372 Edwards, S. (1998). Openness, Productivity and Growth: What Do We Really Know? The Economic Journal, 108(447), 383–398. https://doi.org/10.1111/1468-0297.00293 Fitch Ratings. (2022). Fitch Affirms Indonesia at ‘BBB’; Outlook Stable. https://www.fitchratings.com/research/sovereigns/fitch-affirms-indonesia-at-bbb-outlook-stable-14-12-2022/ Fujita, M., Krugman, P., & Venables, A. J. (1999). The Spatial Economy. The MIT Press. https://doi.org/10.7551/mitpress/6389.001.0001 Gereffi, G. (2011). Global Value Chains and International Competition. The Antitrust Bulletin, 56(1), 37–56. https://doi.org/10.1177/0003603X1105600104 Glauben, T., Svanidze, M., Götz, L., Prehn, S., Jamali Jaghdani, T., Đurić, I., & Kuhn, L. (2022). The War in Ukraine, Agricultural Trade and Risks to Global Food Security. Intereconomics, 57(3), 157–163. https://doi.org/10.1007/s10272-022-1052-7 Gopalan, S., Hattari, R., & Rajan, R. S. (2016). Understanding foreign direct investment in Indonesia. Journal of International Trade Law and Policy, 15(1), 28–50. https://doi.org/10.1108/JITLP-01-2016-0003 Grossman, G. M., & Helpman, E. (1991). Trade, knowledge spillovers, and growth. European Economic Review, 35(2–3), 517–526. https://doi.org/10.1016/0014-2921(91)90153-A Hadi, S., Retno, S., & Yuliani, S. (2018). The Impact of Foreign Direct Investment to the Quality of the Environment in Indonesia. E3S Web of Conferences, 73, 10025. https://doi.org/10.1051/e3sconf/20187310025 Helpman, E., Melitz, M. J., & Yeaple, S. R. (2004). Export Versus FDI with Heterogeneous Firms. American Economic Review, 94(1), 300–316. https://doi.org/10.1257/000282804322970814 Herzer, D. (2011). The long-run effect of outward FDI on domestic output in developing countries. Applied Economics Letters, 18(14), 1355–1358. https://doi.org/10.1080/13504851.2010.537620 Herzer, D. (2012). How Does Foreign Direct Investment Really Affect Developing Countries’ Growth? Review of International Economics, 20(2), 396–414. https://doi.org/10.1111/j.1467-9396.2012.01029.x Huawei. (2023). Developing Digital Talent to Bridge the Demand-Supply Gap in Indonesia. https://www.huawei.com/en/publications/huaweitech/202303#index Indrawati, S. M., & Kuncoro, A. (2021). Improving Competitiveness Through Vocational and Higher Education: Indonesia’s Vision For Human Capital Development In 2019–2024. Bulletin of Indonesian Economic Studies, 57(1), 29–59. https://doi.org/10.1080/00074918.2021.1909692 Indrawati, S. M., Satriawan, E., & Abdurohman. (2024). Indonesia’s Fiscal Policy in the Aftermath of the Pandemic. Bulletin of Indonesian Economic Studies, 60(1), 1–33. https://doi.org/10.1080/00074918.2024.2335967 Keller, W. (1996). Absorptive capacity: On the creation and acquisition of technology in development. Journal of Development Economics, 49(1), 199–227. https://doi.org/10.1016/0304-3878(95)00060-7 Kinoshita, Y., & Campos, N. F. (2004). Estimating the Determinants of Foreign Direct Investment Inflows: How Important are Sampling and Omitted Variable Biases? SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1015209 Krugman, P. R. (1987). Increasing returns and the theory of international trade. In Advances in Economic Theory (pp. 301–328). Cambridge University Press. https://doi.org/10.1017/CCOL0521340446.008 Li, F., Su, Y., Xie, J., Zhu, W., & Wang, Y. (2020). The Impact of High-Speed Rail Opening on City Economics along the Silk Road Economic Belt. Sustainability, 12(8), 3176. https://doi.org/10.3390/su12083176 Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3–42. https://doi.org/10.1016/0304-3932(88)90168-7 Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics, 107(2), 407–437. https://doi.org/10.2307/2118477 Melitz, M. J. (2003). The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity. Econometrica, 71(6), 1695–1725. https://doi.org/10.1111/1468-0262.00467 Miranti, R., Sulistyaningrum, E., & Mulyaningsih, T. (2022). Women’s Roles in the Indonesian Economy during the COVID-19 Pandemic: Understanding the Challenges and Opportunities. Bulletin of Indonesian Economic Studies, 58(2), 109–139. https://doi.org/10.1080/00074918.2022.2105681 Moran, T. (2015). The Role of Industrial Policy as a Development Tool: New Evidence from the Globalization of Trade-and-Investment. OECD. (2019). FDI Qualities Indicators. OECD. https://doi.org/10.1787/0894dfba-en Park, C. (2024). ASEAN Economic Integration: Addressing Challenges and Embracing Opportunities. Asian Economic Policy Review, 19(2), 172–193. https://doi.org/10.1111/aepr.12462 Pereira, M. M. O., Hendry, L. C., Silva, M. E., Bossle, M. B., & Antonialli, L. M. (2023). Sustainable supply chain management in a global context: the perspective of emerging economy suppliers. RAUSP Management Journal, 58(3), 197–218. https://doi.org/10.1108/RAUSP-05-2022-0141 Rodrik, D. (2006). Industrial Development: Stylized Facts and Policies. Rodrik, D. (2013). Unconditional Convergence in Manufacturing . The Quarterly Journal of Economics, 128(1), 165–204. https://doi.org/10.1093/qje/qjs047 Romer, P. (1989). Endogenous Technological Change. https://doi.org/10.3386/w3210 Rundh, B. (2023). International expansion or stagnation: market development for mature products. Asia-Pacific Journal of Business Administration, 15(4), 626–645. https://doi.org/10.1108/APJBA-11-2021-0560 Sachs, J. D., & Warner, A. M. (2001). The curse of natural resources. European Economic Review, 45(4–6), 827–838. https://doi.org/10.1016/S0014-2921(01)00125-8 Safitri, Y., Ningsih, R. D., Agustianingsih, D. P., Sukhwani, V., Kato, A., & Shaw, R. (2021). COVID-19 Impact on SDGs and the Fiscal Measures: Case of Indonesia. International Journal of Environmental Research and Public Health, 18(6), 2911. https://doi.org/10.3390/ijerph18062911 Setiawan, A., Hamka, H., Ridwan, W., Salsabila, F., & Zahidi, M. S. (2024). Indonesia’s Strategic Interest in High-Speed Rail Cooperation with China: Analyzing the Jakarta-Bandung Project Under Jokowi’s Infrastructure Vision. Global International Journal of Innovative Research, 2(12), 2834–2851. https://doi.org/10.59613/global.v2i12.366 Shen, H., Lin, H., Han, W., & Wu, H. (2023). ESG in China: A review of practice and research, and future research avenues. China Journal of Accounting Research, 16(4), 100325. https://doi.org/10.1016/j.cjar.2023.100325 Slaughter, M. J. (2002). CEPA Center for Economic Policy Analysis Does Inward Foreign Direct Investment Contribute to Skill Upgrading in Developing Countries? Does Inward Foreign Direct Investment Contribute to Skill Upgrading in Developing Countries? . www.newschool.edu/cepa Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65. https://doi.org/10.2307/1884513 Suryanta, B., & Patunru, A. A. (2023). Determinants of Foreign Direct Investment in Indonesia. Global Journal of Emerging Market Economies, 15(1), 109–131. https://doi.org/10.1177/09749101211067856 Swan, T. W. (1956). ECONOMIC GROWTH and CAPITAL ACCUMULATION. Economic Record, 32(2), 334–361. https://doi.org/10.1111/j.1475-4932.1956.tb00434.x Syrquin, M., & Chenery, H. (1989). Three Decades of Industrialization. The World Bank Economic Review, 3(2), 145–181. https://doi.org/10.1093/wber/3.2.145 Tsaurai, K. (2021). Determinants of Trade Openness in Transitional Economies: Does the Complementarity between Foreign Direct Investment and Human Capital Development Matter? International Journal of Economics and Business Administration, IX(Issue 1), 318–330. https://doi.org/10.35808/ijeba/675 Tu, N. A. (2024). Innovation and foreign direct investment attraction in developing countries. Cogent Economics & Finance, 12(1). https://doi.org/10.1080/23322039.2024.2312386 UNCTAD. (2021). World Investment Report 2021: Investing in Sustainable Recovery. https://unctad.org/system/files/official-document/wir2021_en.pdf United Nations. (2013). World Investment Report 2013. United Nations. https://doi.org/10.18356/a3836fcc-en USAID. (2022). Indonesia: Profile. https://www.usaid.gov/id/indonesia/fact-sheets/indonesia-country-profile Wei Wei, L., Zilal Hamzah, M., & Sofilda, E. (2022). China’s FDI Project Performance in Indonesia: The Belt & Road Initiative. OIDA International Journal of Sustainable Development, 15, 21–34. www.oidaijsd.comAlsoavailableathttp://www.ssrn.com/link/OIDA-Intl-Journal-Sustainable-Dev.html WIPO. (2022). Global Innovation Index 2022: What is the future of innovation-driven growth? https://www.wipo.int/en/web/global-innovation-index/2022/index Wooldridge, J. M. (2010). Econometric Analysis of Cross Section and Panel Data. The MIT Press. World Bank. (2020). Indonesia Economic Prospects, December 2020: Towards a Secure and Fast Recovery. https://openknowledge.worldbank.org/server/api/core/bitstreams/af52df00-94c5-5db0-bf7f-fcf21286f3f4/content World Bank. (2022a). Country Overview: Indonesia. https://www.worldbank.org/en/country/indonesia/overview#1, World Bank. (2022b). Indonesia Economic Prospects: Economic and Fiscal Update— the Outlook. https://openknowledge.worldbank.org/server/api/core/bitstreams/1d262981-8d96-5695-96bc-64c9b24d609f/content World Bank. (2022c). Prospek Ekonomi Indonesia:Ringkasan Eksekutif-Perkembangan Ekonomi dan Fiskal Terkini. https://documents1.worldbank.org/curated/en/099910301032335148/pdf/P1795560f0e28b0e40a969090b4382293fa.pdf Xu, L. P., Xue, S., & Liu, C. (2016). Indonesia. Social Sciences Literature Press. Zhan, J. X. (2021). GVC transformation and a new investment landscape in the 2020s: Driving forces, directions, and a forward-looking research and policy agenda. Journal of International Business Policy, 4(2), 206–220. https://doi.org/10.1057/s42214-020-00088-0 Zhang, K. H., & Markusen, J. R. (1999). Vertical multinationals and host-country characteristics. Journal of Development Economics, 59(2), 233–252. https://doi.org/10.1016/S0304-3878(99)00011-5
Description:	碩士國立政治大學應用經濟與社會發展英語碩士學位學程(IMES) 112266015
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0112266015
Data Type:	thesis
Appears in Collections:	[應用經濟與社會發展英語碩士學位學程 (IMES)] 學位論文

Files in This Item:

File	Description	Size	Format
601501.pdf		1122Kb	Adobe PDF	1	View/Open

All items in 政大典藏 are protected by copyright, with all rights reserved.

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

DSpace Software Copyright © 2002-2004 MIT & Hewlett-Packard / Enhanced by NTU Library IR team Copyright © - Feedback