The Multiplier Effect of Portfolio Investment on Economic Growth in Indonesia: A Case for the Manufacturing and Financial Sectors 2010–2020

Zhaditya Pradana Putra Mars () and Fx Sugiyanto ()
Additional contact information
Zhaditya Pradana Putra Mars: Department of Economics and Development Studies, Faculty of Economics and Business, Universitas Diponegoro, Semarang
Fx Sugiyanto: Department of Economics and Development Studies, Faculty of Economics and Business, Universitas Diponegoro, Semarang

Diponegoro Journal of Economics (DJOE), 2024, vol. 13, issue 4, 69-80

Abstract: This research aims to understand how the multiplier effect of portfolio investment affects economic growth in Indonesia. Using a panel Fixed Effects Model analysis with quarterly data ranging from 2010 to 2020, the findings suggest that the portfolio investment multiplier effect positively influences economic growth. However, its overall impact is lower than the estimation, and only the manufacturing sector has a meaningful impact on economic growth.

Keywords: Portfolio Investment; Capital Market; Economic Growth; Keynesian (search for similar items in EconPapers)
JEL-codes: F36 O47 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ejournal3.undip.ac.id/index.php/jme/article/view/45479/32739 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:dipjoe:5479

Access Statistics for this article

Diponegoro Journal of Economics (DJOE) is currently edited by Aris Munandar

More articles in Diponegoro Journal of Economics (DJOE) from Faculty of Economics and Business, Universitas Diponegoro Contact information at EDIRC.
Bibliographic data for series maintained by Aris Munandar ().