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May 3, 2024Islamic Economics and Finance in Focus.

Islamic Social Finance and Macroeconomic Dynamics: Unveiling Connections Through Time Series Analysis

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Authors

EREluvia Nanda RahayuLPLaila Masruro Pimada

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Overview

Examines zakat's influence on economic growth and poverty in Indonesia, suggesting improved distribution strategies.

Key Points

  • Zakat distribution positively affects economic growth, poverty reduction, and human development in both short and long terms.
  • Estimates indicate significant effects of zakat on economic indicators over a decade, from 2011 to 2022.
  • Analysis utilized vector error correction model on 48 samples to explore relationships between zakat and key economic variables in Indonesia's context, examining long-term dynamics alongside immediate impacts of zakat distribution across sectors like health and education .

Cite This Study

Rahayu et al. (2024) studied this question.

synapsesocial.com/papers/68e6bbd2b6db64358763c8d2https://doi.org/10.21776/ieff.2024.03.02.04
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Analyses of Relationship between Economic Growth and Zakat Distribution: Some Comparative Studies between Indonesia and Malaysia2024 · 3 citations
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  4. 4The Prospect of Zakat Growth in Indonesia and its Effect on Economic Growth in Indonesia2024
  5. 5Long term nexus between digitalization and macroeconomy on zakat collection in Indonesia2025 · 1 citations