ANALISIS KAUSALITAS ANTARA KETERBUKAAN EKONOMI DAN PERTUMBUHAN EKONOMI TERHADAP FOREIGN DIRECT INVESTMENT DI NEGARA ASEAN

This study aims to determine how the development and relationship between economic openness and economic growth on Foreign Direct Investment as the dependent variable in ASEAN countries Indonesia, Malaysia, Thailand, and the Philippines. This study uses annual secondary data sourced from the World Bank from 2000 to 2019. The analytical method used in this study is Granger Causality using Eviews 12 software. The results of the analysis show that Foreign Direct Investment and Trade Openness have a one-way causality relationship, unidirectional causality from X to Y in Indonesia, Malaysia, Thailand, and the Philippines. Foreign Direct Investment and Financial Openness show that there is a unidirectional causality from X to Y in Indonesia, Malaysia, Thailand, and the Philippines. Foreign Direct Investment and Economic Growth have a one-way causality (unidirectional causality from Y to X) in Indonesia, Thailand, and the Philippines, unidirectional causality from X to Y from economic growth to Foreign Direct Investment in Malaysia.