COVID-19 AND THE DECLINE IN INVESTMENT IN WEST NUSA TENGGARA: INDONESIA

Authors

  • Eka Kadharpa Utama Dewayani Universitas Muhammadiyah Malang
  • Yanti Mayasari Ginting Institut Bisnis dan Teknologi Pelita Indonesia
  • Muhammad Azizurrohman Sekolah Tinggi Pariwisata Mataram
  • Risky Angga Pramuja Universitas Muhammadiyah Malang

DOI:

https://doi.org/10.34209/equ.v26i1.5939

Abstract

This research examines the effects of the COVID-19 pandemic on investment in West Nusa Tenggara (NTB), Indonesia. Using a combination of quantitative data from the Republic of Indonesia's Investment Coordinating Board and qualitative data from the Head of the Office of Investment and One Stop Integrated Services, the study investigates investment realization by district and city, sector, and investor's country of origin. The analysis reveals that even prior to the COVID-19 outbreak, investment levels in NTB were declining due to a series of natural disasters, including an earthquake in 2018. The pandemic further exacerbated the decline in investment, with many investors opting to delay their investments in the region. However, some sectors such as mining, tourism, and transportation showed improvements during the period. The findings highlight the challenges faced by West Nusa Tenggara in attracting investment and achieving regional development goals. The study emphasizes the importance of understanding a region's potential and creating favorable investment conditions to stimulate economic growth.

Keywords: Covid-19, Investment, NTB

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Published

2024-02-26

Issue

Vol. 26 No. 1 (2023): EQUITY

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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