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The research investigates the short and long-term effects of Sharia capital market and macroeconomic variables on Indonesia’s economic growth.

Analysis The Influence of Sharia Capital Market and Sharia Macroeconomic Variables on Indonesia’s Economic Growth

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The research investigates the short and long-term effects of Sharia capital market and macroeconomic variables on Indonesia’s economic growth.
Used secondary time series data from 2017-2021
Applied vector autoregression (VAR) and vector error correction model (VECM) for analysis
Focused on variables like ISSI, corporate sukuk, household consumption, and inflation
In the short term, ISSI, corporate sukuk, household consumption, and inflation did not significantly affect GDP.
In the long run, ISSI and corporate sukuk had a significant negative effect on GDP, while inflation showed a positive effect.
Household consumption had no significant long-term effect on GDP, and overall, the variables did not significantly impact GDP when analyzed together.

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Quantitative analysis determines how Sharia financial variables impact economic growth in Indonesia, highlighting significant relationships.

Huda et al. (2023) studied this question.

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Quantitative analysis determines how Sharia financial variables impact economic growth in Indonesia, highlighting significant relationships.