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Analisis Kontribusi Perbankan Syariah dan Pasar Modal Syariah Terhadap Pertumbuhan Ekonomi
This study aims to empirically investigate the impact of the Islamic finance sector, namely banking and capital markets, on economic growth in Indonesia. The model used in this study is the ARDL approach, error correction model and Granger causality with quarterly data from 2000 to 2020. This study found that in the long term Islamic banking savings had a significant positive effect on economic growth. Likewise, Islamic banking financing has a significant positive effect on economic growth. Furthermore, the Islamic capital market also has a positive influence on economic growth but the portion is very small. This study also found a causal relationship between variables. Among them, Islamic banking savings support the feedback hypothesis, while Islamic banking financing supports the growth-led hypothesis. However, for the capital market, the results of a causal relationship state that there is no relationship between the capital market and economic growth, which means that it supports the neutrality hypothesis theory. The results of this study are expected to be a reference in providing the right policies to accelerate the growth of Islamic finance in Indonesia, considering the large potential of the Muslim population and the achievements that Indonesia has obtained in the field of Islamic finance to date.Keywords: Indonesia, ARDL, Islamic banking deposits, Islamic banking financing, Islamic capital market.Ada Tabel
Call Number | Location | Available |
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13118 | PSB lt.2 - Karya Akhir | 1 |
Penerbit | Depok Program Studi Bisnis Islam Fakultas Ekonomi dan Bisnis UI., 2021 |
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Edisi | - |
Subjek | Economic growth Capital market Islamic banking |
ISBN/ISSN | - |
Klasifikasi | - |
Deskripsi Fisik | xi, 61 p. ; diagr. ; 30 cm |
Info Detail Spesifik | - |
Other Version/Related | Tidak tersedia versi lain |
Lampiran Berkas | Tidak Ada Data |