Analisis pengaruh pembiayaan dan makro ekonomi terhadap pertumbuhan ekonomi indonsia
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Institusion
Universitas Islam Negeri Sumatera Utara Medan
Author
Nasir, Muhammad
Subject
332 Financial economics
Datestamp
2020-09-01 07:00:11
Abstract :
This study aims to analyze the impact of Islamic finance and macroeconomic indicators on economic growth in Indonesia. This study was conducted in 33 provinces for 7 years from 2011-2017. The research model uses panel data model. The results of the study prove that there is enough evidence that investment financing can promote economic growth. Furthermore, non-investment financing and macroeconomic indicators such as the Consumer Price Index, poverty, unemployment have a negative effect. Meanwhile the human development index have a positive effect on economic growth in Indonesia. In addition, the contribution of financing is still relatively small on economic growth in Indonesia, as evidenced by the results of the R-Square in the first model of only 20,67 percent. There are differences in the level of contribution of financing among provinces, most provinces must allocate at least half of the total funding for investment financing to encourage economic growth. At the same time some other provinces have to allocate more. The recommendations of this study are that the government must establish regulations in which in favor of Islamic commercial banks. It is an urge for serious efforts to boost investment financing of which will have a positive impact on economic growth and at the same time maintaining macroeconomic indicators especially on controlling the Consumer Price Index, poverty and unemployment.
This study aims to analyze the impact of Islamic finance and macroeconomic indicators on economic growth in Indonesia. This study was conducted in 33 provinces for 7 years from 2011-2017. The research model uses panel data model. The results of the study prove that there is enough evidence that investment financing can promote economic growth. Furthermore, non-investment financing and macroeconomic indicators such as the Consumer Price Index, poverty, unemployment have a negative effect. Meanwhile the human development index have a positive effect on economic growth in Indonesia. In addition, the contribution of financing is still relatively small on economic growth in Indonesia, as evidenced by the results of the R-Square in the first model of only 20,67 percent. There are differences in the level of contribution of financing among provinces, most provinces must allocate at least half of the total funding for investment financing to encourage economic growth. At the same time some other provinces have to allocate more. The recommendations of this study are that the government must establish regulations in which in favor of Islamic commercial banks. It is an urge for serious efforts to boost investment financing of which will have a positive impact on economic growth and at the same time maintaining macroeconomic indicators especially on controlling the Consumer Price Index, poverty and unemployment.
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