Pengaruh FDI, Labour Productivity dan Teknologi Terhadap Pertumbuhan Ekonomi European Union
Keywords:
Economic Growth, FDI, Labour Productivity, TechnologyAbstract
The purpose of this study is to describe the effect of foreign direct investment or FDI, labor productivity and technology proxied by patent application data on economic growth in the 18 European Union countries that are members of the OECD. The scientific technique used in this study is a panel data analysis strategy with the selection of Fixed Effect Models in 18 European Union countries, namely Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Hungary and Ireland. , Italy, Latvia. , Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden for the 2014-2019 period. The dependent variable in this study is economic growth, while the independent variable is FDI, labor productivity and technology with patent application data. The results of this study indicate that FDI and labor productivity have a positive and significant effect on economic growth. Meanwhile, technology with patent application data has a positive and insignificant impact on economic growth.
References
Aida, N., Ciptawaty, U., Gunarto, T., & Aini, S. (2021). Analisis Dampak Penanaman Modal Asing Dan Tenaga Kerja Asing Tiongkok terhadap Perekonomian Indonesia. Jurnal Ekonomi Pembangunan, 10(3), 159–167. https://doi.org/10.23960/jep.v10i3.301
Bilas, V. (2020). FDI and Economic Growth in EU13 Countries: Cointegration and Causality Tests. Journal of Competitiveness, 12(3), 47–63. https://doi.org/10.7441/joc.2020.03.03
Bruno, R. L., Campo, N. F., & Estrin, S. (2020). Discussion Paper Impact Brexit. IZA Institutr of Labor Economics, 13668.
Desnasari, D. (2020). Analisis Pengaruh Produktivitas Tenaga Kerja, Ketimpangan Pendapatan, dan Investasu terhadap Pertumbuhan Ekonomi Di Indonesia Periode 2009-2018. Jurnal Investasi Islam, 5(2), 93–110.
Domazet, I., Marjanovic, D., Deniz, A., & Antonijevic, M. (2022). Does the Increase in the Number of Registered Patents Affect Economic Growth ? - Evidence from Romania and Bulgaria. 2013, 49-65. https://doi.org/10.28934/ea.22.55.2.pp49-65
Elia, N., & Marselina, M. (2023). Tingkat Pengangguran Berdasarkan Jumlah Penduduk, Pendapatan Perkapita, dan Investasi Asing di Indonesia Tahun 1996-2020. Studi Ekonomi Dan Kebijakan Publik, 1(2), 123–135. https://doi.org/10.35912/sekp.v1i2.1391
European Commission. (2017). Large Fall in UE Foreign Direct Invesment Flow in 2017. Eurostat. http://ac.europa.eu
European External Action Service (EEAS). (2021). Relations With The EU and OECD. https://www.eeas.europa.eu/
Eurostat. (2023). Productivity Trends Using Key National Accounts Indicators. https://ec.europa.eu/eurostat/statistics-explained/
Fedulova, I., Voronkova, O., Zhuravlev, P., Gerasimova, E., Glyzina, M., & Alekhina, N. (2019). Labor productivity and its role in the sustainable development of economy: On the example of a region. Entrepreneurship and Sustainability Issues, 7(2), 1059–1073.
https://doi.org/10.9770/jesi.2019.7.2(19)
Gokceli, E., Fidrmuc, J., & Ghosh, S. (2022). Effect of Foreign Direct Investment on Economic Growth and Domestic Investment: Evidence from OECD Countries. European Journal of Business Science and Technology, 8(2), 190–216. https://doi.org/10.11118/ejobsat.2022.012
Hobbs, S., Paparas, D., & Aboelsoud, M. E. (2021). Does Foreign Direct Investment and Trade Promote Economic Growth? Evidence From Albania. Economies, 9(1), 1–19. https://doi.org/10.3390/economies9010001
Kornieieva, T., Varela, M., Luis, A. L., & Teixeira, N. (2022). Assessment of Labour Productivity and the Factors of Its Increase in European Union 27 and Ukrainian Economies. Economies Article, 10, 287. https://doi.org/10.3390/
Kulu, E., Mensah, S., & Mike Sena, P. (2021). Effects of foreign direct investment on economic growth in Ghana: the role of institutions. Economics of Development, 20(1), 23–34. https://doi.org/10.21511/ed.20(1).2021.03
Liang, C., Shah, S. A., & Bifei, T. (2021). The Role of FDI Inflow in Economic Growth: Evidence from Developing Countries. Journal of Advanced Research in Economics and Administrative Sciences, 2(1), 68–80. https://doi.org/10.47631/jareas.v2i1.212
Mankiw, N. G. (2018). Pengantar Ekonomi Makro Edisi 7. Salemba Empat.
Merkulova, E. Y. (2019). The Effect of Labor Productivity on Economic Growth. Statistics and Economics, 6(2). https://doi.org/10.21686/2500-3925-2019-2-34-44
Nguyen, C. P., & Doytchcde, N. (2022). The Impact of ICT Patents on Economic Growth: An International Evidence. Telecommunications Policy, 46(5).
OECD. (2023). Labour Prodictivity. https://data.oecd.org/lprdty/labour-productivity-and-utilisation
Sari, D. K. (2019). Pengaruh Patent, Labor Force Dan Foreign Direct Investment Terhadap Gross Domestic Product Di 8 Negara Asia Periode 2005-2015. Jurnal Ilmiah Mahasiswa Universitas Surabaya, 8(1), 1–12.
Shkodra, J., Ahmeti, N., & Krasniqi, A. (2022). Impact of Foreign Direct Investment on Economic Growth: Case Study of SEE Counties. IBT Journal of Business Studies, 8(2), 1–10. https://doi.org/10.46745/ilma.jbs.2012.08.02.03
Todaro, M. P., & Smith, S. C. (2011). Pembangunan Ekonomi: Edisi Kesebelas. Erlangga.
Wahyudi, H., & Astuti, N. D. (2022). Perbankan Umum Syariah Jangka Panjang Dan Pendek Terhadap Pertumbuhan Ekonomi Di Indonesia (Error Correction Model). Bukhori: Kajian Ekonomi Dan Keuangan Islam, 1(2), 129–145. https://doi.org/10.35912/bukhori.v1i2.1417
World Bank. (2023). GDP Growth. http://www.worldbank.org.
Yuliawan, D., & Wanniatie, V. (2021). Analisis Covid-19 terhadap Usaha Mikro Kecil dan Menengah (UMKM) di Kabupaten Tulang Bawang Tahun 2020. Jurnal Ekonomi Pembangunan, 10(3), 144-158. https://doi.org/10.23960/jep.v10i3.300
