The Effect of Islamic Financing, Indonesia Sharia Stock Index(ISSI), and Distribution of Zakah, Infaq and Sadaqah (ZIS) on Economic Growth in Indonesia

Fera Widyanata, Saadah Yuliana

2018

Abstract

This research aims to analyze the effect of the short-run and long-run of Islamic Financing, Indonesia Sharia Stock Index (ISSI), and the distribution of Zakah, Infaq and Sadaqah (ZIS) on Economic Growth during the period 2011 to 2015. This research uses secondary data, it is a quarterly time series data with 24 quarterly observation period, since the first quarter of 2010 until the fourth quarter of 2015. The analysis techniques of this research is Error Correction Model (ECM). The result of the research shows that there is effect or an equilibrium between the short-run towards the long-run of the independent variable Islamic Financing on the dependent variable GDP. While the independent variable Indonesia Sharia Stock Index (ISSI) only gives long-run effect on the dependent variable GDP. Conversely, the independent variable Zakah, Infaq and Sadaqah (ZIS) only gives short-run effect on the dependent variable GDP. Thus, Islamic Financing and distribution of Zakah, Infaq and Sadaqah contribute to the increase of economic growth in the short-run. Indonesia Sharia Stock Index (ISSI) and Islamic Financing contribute to the increase of economic growth in the long-run.

Paper Citation

in Harvard Style

Widyanata F. and Yuliana S. (2018). The Effect of Islamic Financing, Indonesia Sharia Stock Index(ISSI), and Distribution of Zakah, Infaq and Sadaqah (ZIS) on Economic Growth in Indonesia.In Proceedings of the 4th Sriwijaya Economics, Accounting, and Business Conference - Volume 1: SEABC, ISBN 978-989-758-387-2, pages 356-367. DOI: 10.5220/0008440203560367

in Bibtex Style

@conference{seabc18,
author={Fera Widyanata and Saadah Yuliana},
title={The Effect of Islamic Financing, Indonesia Sharia Stock Index(ISSI), and Distribution of Zakah, Infaq and Sadaqah (ZIS) on Economic Growth in Indonesia},
booktitle={Proceedings of the 4th Sriwijaya Economics, Accounting, and Business Conference - Volume 1: SEABC,},
year={2018},
pages={356-367},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008440203560367},
isbn={978-989-758-387-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th Sriwijaya Economics, Accounting, and Business Conference - Volume 1: SEABC,
TI - The Effect of Islamic Financing, Indonesia Sharia Stock Index(ISSI), and Distribution of Zakah, Infaq and Sadaqah (ZIS) on Economic Growth in Indonesia
SN - 978-989-758-387-2
AU - Widyanata F.
AU - Yuliana S.
PY - 2018
SP - 356
EP - 367
DO - 10.5220/0008440203560367