The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in Indonesia
As an investment intervention policy, NIL is present to grant legal certainty to investors and invite more investment. Its existence has possible impacts on investment decisions. However, the studies of its effect are limited, focusing only on specific NIL versions and sectors. To fill this gap, the...
| Main Authors: | , |
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| Format: | Article |
| Language: | Indonesian |
| Published: |
Pusat Pembinaan, Pendidikan, dan Pelatihan Perencana Bappenas
2021-08-01
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| Series: | The Journal of Indonesia Sustainable Development Planning |
| Subjects: | |
| Online Access: | http://journal.pusbindiklatren.bappenas.go.id/lib/jisdep/article/view/151 |
| _version_ | 1797397434195771392 |
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| author | Wildatul Fitri Tatiara Toshihiro Kudo |
| author_facet | Wildatul Fitri Tatiara Toshihiro Kudo |
| author_sort | Wildatul Fitri Tatiara |
| collection | DOAJ |
| description | As an investment intervention policy, NIL is present to grant legal certainty to investors and invite more investment. Its existence has possible impacts on investment decisions. However, the studies of its effect are limited, focusing only on specific NIL versions and sectors. To fill this gap, the present paper investigates the impact of NIL introduction on the investment decisions of foreign and domestic investors in Indonesia by utilizing all NIL versions and business field-level data of the planned investment values from 2005 to 2018. The analysis shows, first, the NIL introduction may generate the investment inflows from both FDI and DDI. Second, there was a parallel movement of crowding-in effect between foreign and national firms responding to the investment opportunities open to both parties. This study suggests that more detailed and transparent information should be provided in the NIL to guarantee its effectiveness. |
| first_indexed | 2024-03-09T01:09:58Z |
| format | Article |
| id | doaj.art-b18cc78d0bfe4357a9ec624a6245fd3f |
| institution | Directory Open Access Journal |
| issn | 2721-8309 2722-0842 |
| language | Indonesian |
| last_indexed | 2024-03-09T01:09:58Z |
| publishDate | 2021-08-01 |
| publisher | Pusat Pembinaan, Pendidikan, dan Pelatihan Perencana Bappenas |
| record_format | Article |
| series | The Journal of Indonesia Sustainable Development Planning |
| spelling | doaj.art-b18cc78d0bfe4357a9ec624a6245fd3f2023-12-11T07:28:40ZindPusat Pembinaan, Pendidikan, dan Pelatihan Perencana BappenasThe Journal of Indonesia Sustainable Development Planning2721-83092722-08422021-08-012216017510.46456/jisdep.v2i2.151151The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in IndonesiaWildatul Fitri Tatiara0Toshihiro Kudo1Master of Economic Planning and Development Policy, Faculty of Economics and Business University of Indonesia, Depok, IndonesiaThe National Graduate Institute for Policy Studies (GRIPS), Tokyo, JapanAs an investment intervention policy, NIL is present to grant legal certainty to investors and invite more investment. Its existence has possible impacts on investment decisions. However, the studies of its effect are limited, focusing only on specific NIL versions and sectors. To fill this gap, the present paper investigates the impact of NIL introduction on the investment decisions of foreign and domestic investors in Indonesia by utilizing all NIL versions and business field-level data of the planned investment values from 2005 to 2018. The analysis shows, first, the NIL introduction may generate the investment inflows from both FDI and DDI. Second, there was a parallel movement of crowding-in effect between foreign and national firms responding to the investment opportunities open to both parties. This study suggests that more detailed and transparent information should be provided in the NIL to guarantee its effectiveness.http://journal.pusbindiklatren.bappenas.go.id/lib/jisdep/article/view/151negative investment listinvestment decisionscrowding effectforeign direct investmentdomestic direct investment |
| spellingShingle | Wildatul Fitri Tatiara Toshihiro Kudo The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in Indonesia The Journal of Indonesia Sustainable Development Planning negative investment list investment decisions crowding effect foreign direct investment domestic direct investment |
| title | The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in Indonesia |
| title_full | The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in Indonesia |
| title_fullStr | The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in Indonesia |
| title_full_unstemmed | The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in Indonesia |
| title_short | The Impact of Negative Investment List (NIL) Introduction on Investment Decisions of Foreign and Domestic Investors in Indonesia |
| title_sort | impact of negative investment list nil introduction on investment decisions of foreign and domestic investors in indonesia |
| topic | negative investment list investment decisions crowding effect foreign direct investment domestic direct investment |
| url | http://journal.pusbindiklatren.bappenas.go.id/lib/jisdep/article/view/151 |
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