The Influence of Tourist Arrivals, Regional Original Revenue, Foreign Direct Investment, and Domestic Investment on Gross Regional Domestic Product in the Special Region of Yogyakarta Province

Abstract

The success of regional development can be assessed through economic growth as reflected in Gross Regional Domestic Product (GRDP). The Special Region of Yogyakarta has an economic structure dominated by the tourism sector; therefore, tourist arrivals, Regional Original Revenue (ROR), and investment consisting of Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) are important factors in driving economic growth. Fluctuations in tourist arrivals and investment indicate instability in their contribution to the regional economy. This study aims to analyze the effect of tourist arrivals, ROR, FDI, and DDI on GRDP in the Special Region of Yogyakarta. The method used is multiple linear regression with time-series data for the period 2014–2024 sourced from the Central Statistics Agency. The results show that all variables simultaneously affect GRDP. Partially, tourist arrivals and ROR have a positive and significant effect, while FDI and DDI do not show a significant effect.