The Influence Of The Regional Income and Expenditure Budget (APBD), Gross Regional Domestic Product (GRDP), and The Human Development Index (HDI) On Foreign Investment In 5 Provinces Of The Northern Sumatera Region
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| Issue | Vol 9 No 1 (2026): Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA) | |
| Section | Articles | |
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Copyright (c) 2026 Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA)  This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. |
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| DOI: | https://doi.org/10.32734/lwsa.v9i1.2744 | |
| Keywords: | Regional Revenue and Expenditure Budget Gross Regional Domestic Product Human Development Index Foreign Investment | |
| Published | 2026-03-09 |
Abstract
This study has three independent variables used, namely the regional income and expenditure budget (APBD), gross regional domestic product (GRDP), and the human development index (HDI). This study uses a type of Quantitative research with the Regression Panel Data method with a research time period of 2017 to 2021. The data used was obtained from the official website of the Ministry of Finance for Regional Budget data, the data used was obtained from the official website of the Central Statistics Agency (BPS) for Gross Regional Domestic Product data, the Human Development Index, and for data obtained from the official website of the Central Statistics Agency (BPS) for Foreign Direct Investment (FDI). The results showed a simultaneous effect on Foreign Direct Investment in the 5 provinces of the northern Sumatra region. APBD GRDP variables, and HDI used can explain Foreign Direct Investment by 0.560338 or 56.03%. While the remaining 44.97% is explained by other factors.
