The Effect of Islamic Financial Inclusion on Economic Growth: A Case Study of Islamic Banking in Indonesia

Autor:	Fauziyah Adzimatinur, Vigory Gloriman Manalu
Rok vydání:	2021
Předmět:	Inflation Financial inclusion Error correction model Third party media_common.quotation_subject Industrial production index Economics Islam Financial system General Medicine Islamic banking media_common
Zdroj:	Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences. 4:976-985
ISSN:	2615-3076 2615-1715
Popis:	This research aims to examine the effects of financial inclusion in Islamic banking on economic development in Indonesia. The economic growth indicator is represented by the Industry Production Index (IPI) while the financial inclusion indicator is represented by the amount of Third Party Funds, the amount of financing, the number of Third Party Funds accounts, and the number of financing accounts. The data used is time series from January 2011 to February 2020. The Vector Error Correction Model (VECM) is used to analyze the data. The results show that in the long run, inflation has a positive effect, while in the short term, inflation has a positive effect on lag one and has a negative effect on lag 2. While the financial inclusion indicator shows that the financial inclusion of Islamic banking in Indonesia has a positive effect on economic growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::061df4d4451fe743d92a21a8b23e8f49 https://doi.org/10.33258/birci.v4i1.1699 Zobrazit plný text záznamu