Published: 2025-06-01

Unveiling the Anomalous Effect of Foreign Investment on Yogyakarta’s Regional Economy: A Spatial Durbin Model Approach

DOI: 10.35870/jemsi.v11i3.4256

Novita Mukti Rinusara
  • Novita Mukti Rinusara: Diponegoro University ROR
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Abstract

Foreign investment's effect on the economy does not need to be doubted and debated, but still, it needs to be proven in real life. This research uses 4 regencies and 1 city of the Special Region of Yogyakarta Province data with the dependent variable is gross regional domestic product (GRDP), representing the regional economy of each regency/city. The model estimated using OLS and the Spatial Durbin Model, this research is trying to confirm the effect of foreign investment on the GRDP. The results show foreign investment negative effect on the GRDP in both OLS and the Spatial Durbin Model’s direct and indirect effect.

Keywords

Foreign Investment; Regional Development; Spatial Analysis

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How to Cite

Rinusara, N. M. (2025). Unveiling the Anomalous Effect of Foreign Investment on Yogyakarta’s Regional Economy: A Spatial Durbin Model Approach. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 11(3), 1940-1952. https://doi.org/10.35870/jemsi.v11i3.4256
Article Information

This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.

  • Issue: Vol. 11 No. 3 (2025)

  • Section: Articles

  • Published: 2025-06-01

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Author Biographies
Novita Mukti Rinusara, Diponegoro University
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Program Studi Ilmu Ekonomi, Fakultas Ekonomika dan Bisnis, Universitas Diponegoro, Kota Semarang, Indonesia.

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