Dampak Penerapan Perbankan Syari’ah Terhadap Pertumbuhan Ekonomi Negara: Kajian Perbandingan Malaysia dan Indonesia

2017 ◽  
Vol 1 (1) ◽  
pp. 37
Author(s):  
Hansen Rusliani

Penelitian ini bertujuan untuk mengetahui dampak perbankan syari’ah terhadap pertumbuhan ekonomi di Indonesia dan Malaysia. Data yang digunakan dalam penelitian ini merupakan data primer (interview) dan data sekunder dalam bentuk bulanan yang diperoleh dari Badan Pusat Statistik Ekonomi dan Keuangan Indonesia Bank Indonesia (SEKI-BI) dan Statistik Perbankan Syari’ah Bank Indonesia (SPS-BI) serta data dari Bank Negara Malaysia dan Departemen Statistik Malaysia dalam periode waktu kurun waktu 16 tahun, 2000 sampai dengan 2015. Observasi penelitian dilakukan di Indonesia dan Malaysia untuk memperkaya analisis. Penelitian ini menggunakan Vector Autoregression (VAR), Uji Kointegrasi serta dikombinasikan dengan Response Function (IRF) dan Decomposition (FEVD) untuk melihat interaksi antara faktor makro ekonomi dengan pembiayaan dalam jangka panjang. Adapun variabel yang digunakan adalah total pembiayan syari’ah (Total Syari’ah Financing) dan Gross Domestic Product (GDP) sebagai representasi pertumbuhan ekonomi. Untuk tambahan variabel digunakan Consumer Price Index (CPI) sebagai representasi tingkat inflasi. Hipotesis penelitian yaitu terdapat pertumbuhan ekonomi setiap tahunnya dikedua negara tersebut pasca krisis moneter.

2020 ◽  
Vol 42 (1) ◽  
pp. 25-33
Author(s):  
Valeria Alejandra Bustamante Zuleta ◽  
Hermes Jackson Martinez Navas

This article analyze some of the important macroeconomic indicators in Colombia,such as the Consumer Price Index (CPI), the Gross Domestic Product (GDP), the Representative Market Rate (TRM), the Oil Price (BRENT and WIT) and COLCAP. The objective is to study Colombia's economic.The analysis were obtained with artificial neural networks on Colombian indicators data for the period 2001 to 2018 of the National Administrative Department of Statistics (DANE) and Bloomberg. Concluding, for Colombia, the last two cases are highly favorable for the economy, because they will generate a greater influx of dollars, allowing positive effects on the domestic product and the consumer price index.


2021 ◽  
Vol 4 (3) ◽  
pp. 613-624
Author(s):  
Mahmood Ul Hassan ◽  
Hina Ali ◽  
Saeed Ur Rahman ◽  
Sabiha Parveen

The objective of this research is to examine the monetary policy's impact on economic growth. Variables of study are Gross domestic product, Inflation, rate of interest, Exchange rate, Money supply, Investment, and Consumer Price Index and time series data is collected from. Gross domestic product is a dependent variable and all other variables are independent and have a great effect on the explanatory variable. In this study, the Augmented dicky fuller test is used to check out the stationarity of our selected variables and after that autoregressive distributed lag model co-integration technique is applied to estimate the parameters of the model. The result shows that inflation, interest rate, and consumer price index show a negative impact on gross domestic product. While other variables such as exchange rate, money supply, and investment show a positive impact on GDP. The study recommended that the desired level of output and employment can be attained by adopting sufficient strategies that reduce inflation in the economy.


2021 ◽  
Vol 12 (3) ◽  
pp. 70
Author(s):  
Abdullah Ghazo

Gross Domestic Product (GDP) and consumer price index (CPI) are significant indicators to describe and evaluate economic activity and levels of development. They are also often used by decision makers so as to plan economic policy. This paper aims at modeling and predicting GDP and CPI in Jordan. In order to achieve this goal, the study applied the Box- Jenkins (JB) methodology for the period 1976-2019. Based on the results, ARIMA (3,1,1) found to be the best model for the GDP. In addition, ARIMA (1,1,0) was the best model for forecasting the CPI. The results were supported with the findings of the stationarity and identification rules test of time series under using AIC and SIC criterion. The forecasted values of the GDP and the CPI for the next three years (2020-2022) were (29342.12, 32095.10, 35106.36 million JD) and (128.31, 133.28, 139.28) respectively. Compared with 2019, the GDP is forecasted to decrease in 2020, while the CPI is forecasted to increase in 2020. This implies that the Jordanian economy is tending toward stagflation. After 2020, both GDP and CPI increased, which indicates that Jordanian economy is tending toward cost-push inflation.


Liquidity ◽  
2017 ◽  
Vol 6 (1) ◽  
pp. 32-37
Author(s):  
Rizky Maulana Pribadi

The objective of this research study is to study there is positive influence of Gross Domestic Product/GDP Real and Consumer Price Index of Financing Real, investigate the determinants of real financing consumtive at Islamic Bank in Indonesia and how the determinants change the real financing consumtive at Islamic Bank in Indonesia in period 2011-2016. The result show that the respond of Consumer Price Index/CPI, GDP Real, and it could be seen from its size which are 3.118983, 1.601941, 0.397987. From the result, it can be concluded that Real Financing Consumtive  is influenced by IHK, GDP Real, and Real Financing Consumtive.


2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Wily Julitawaty

The purpose of this study was to determine the persistence of inflation in major North Sumatera Province in 2007 until 2012 and value contributed Output Growth  (GDP) of North Sumatera, Exchange Rate, Interest Rate and Error Correction Term about Inflation in North Sumatera. Data is used secondary data from general Consumer Price Index  (CPI) from North Sumatera Province include Medan, Pematangsiantar, Sibolga and Padangsidempuan monthly of January 2007 until December 2012. And secondary data Consumer Price Index  (CPI) of North Sumatera Province, Gross Domestic Product of  Province Sumatera Utara, Exchange Rate and Interest Rate of BI Rate yearly of 1999 until 2012. Model is used model econometric with Autoregressive method and Error Correction Model. Result of this research with estimation of  VAR model concludes that degree of persistence of 4 town from North Sumatera Province is low. Result of estimation of model ECM concludes that Interest Rate significantly affect to inflation rate, while Gross Domestic Product of  North Sumatera Province and Exchange Rate not significantly affect to inflation rate. While ECT becomes significant correction to variable inflation rate. Where the form of error correction in the ECM suggests a long-term relationship between the variables inflation, GDP variable, the variable exchange rate and variable interest rate is comparable.


2018 ◽  
pp. 36-41
Author(s):  
Karmeliuk Hanna ◽  
Svitlana Plaskon ◽  
Halyna Seniv

In the period 1996-2017, the dynamics of the subsistence minimum, the minimum wage, the consumer price index and the gross domestic product of Ukraine are analysed. These indicators have a growing trend. The necessity to use the mathematical modelling to study social and economic indicators of living standards of the population is emphasised. The trend of the dynamics of the minimum wage in the UAH is given. It has a tendency to increase. This tendency is described by quadratic dependence. The following periods are distinguished: 1996-2010 – the smooth growth of wages in quadratic dependence; 2010-2016 years – their slowed down growth by linear dependence. From 2017, when average wage has increased two times, the period of significant wages growing begins. Minimum wage retardation from the subsistence minimum until 2017 is shown. The dynamics of the subsistence minimum, which has the same periods and regularities as the salary, is analysed. Its trend is presented. The dynamics of the consumer price index is analysed. It has been broken down into the following intervals: I (1996-2010) – steady inflation growth; II (2010-2013) – price stability; III (2014 – until now) – rapid growth of prices or inflation. The inflation forecasting for 2018 is given. It is shown that economic growth (GDP) and social standards are cyclical. The main tendencies of the influence of the gross domestic product on the minimum wage, the consumer price index, the subsistence minimum are summarized. The dependence of the minimum wage on the volume of GDP is given. Econometric models of the dependence of the minimum wage on GDP in UAH and the level of inflation from the minimum wage are presented. It is shown that GDP growth is accompanied by the minimum wage increase. It is emphasized that growth of social payments negatively affects the growth of the consumer price index. It is noted that the rate of growth of the economy is not sufficient to ensure the growth of social benefits. The recommendations for economic growth are given.


2014 ◽  
Vol 687-691 ◽  
pp. 5157-5160
Author(s):  
Yun Peng Duan ◽  
Li Min Si ◽  
Xin Wang

Economic development is one of the targets of the whole human society. In macroeconomic theory, the developments of the economy are largely driven by consumption, investment, government purchases. In economic theory, we usually use to describe the development of economy, GDP and GDP will be affected by the price level. To measure the price level, we generally use the consumer price index, commodity retail price index to describe; Investment is usually measured with fixed asset investment and gross value of industrial output. In this article, through nearly 20 years in China's gross domestic product (GDP) and gross domestic product (GDP) of some important indicators, such as the residents' consumption level, the fiscal expenditure, gross value of industrial output and commodity retail price index, the consumer price index, urban residents' income, rural residents income, such as the total energy consumption data, using SPSS software to provide the descriptive analysis, factor analysis, regression analysis and other methods of data carried on the thorough analysis, and analysis the problems reflected by some targeted Suggestions are given.


2011 ◽  
Vol 01 (05) ◽  
pp. 71-82
Author(s):  
Furrukh Bashir ◽  
Shahbaz Nawaz ◽  
Kalsoom Yasin ◽  
Usman Khursheed ◽  
Jahanzeb Khan ◽  
...  

Inflation is regarded as regressive taxation against the poor. The most visible impact of inflation in recent times is its effect on real output, relative prices, taxes and interest rates. The study focuses to examine demand side and supply side determinants of inflation in Pakistan on economic and econometric criterion and also to investigate causal relationships among some macroeconomic variables. For that purpose, study has undertaken time series data for the period from 1972 to 2010. Long run and short run estimates have been investigated using Johansen Co-integration and Vector Error Correction approached. Causal relationships have been observed using Granger causality test. Data on macroeconomic variables have been selected from Handbook on Statistics of Pakistan 2010. The findings of the study reveal that in the long run consumer price index has found to be positively influenced by money supply, gross domestic product, imports and government expenditures on the other side government revenue is reducing overall price level in Pakistan. Long run elasticities of Price level with respect to money supply, gross domestic product, government expenditures, government revenue and imports are 0.61, 0.73, 0.32, -1.37 and 0.41 respectively. In the short run, last year consumer price index and two years before government revenue are directly involved in enhancing consumer price index of current year. Improvement in gross domestic product and government expenditures is necessary but it is suggested that there should be optimal level for all of them so that price level should be stable.


2019 ◽  
Vol 8 (2) ◽  
pp. 68-81
Author(s):  
Igo Septa Saputra ◽  
Zulfanetti Zulfanetti ◽  
Jaya Kusuma Edi

This research aim to: First, analyze the development of labor force participation rate, minimum wages, consumer price index and gross regional domestic product in Jambi Province. This study use time series data between 2000-2017 with data analysis method used namely quantitative descriptive analysis and Ordinary Least Square (OLS) method. Based on the result of data processing using the OLS method in multiple regression equations in 2000-2017 results were obtained. That the average development of the labor force participation rate, minimum wage, consumer price index and gross regional domestic product fluctuative from year to year. Based on processing data obtained results: (1) Consumer price index variable have a positive and not significant effect on labor force participation rate in Jambi Province; (2) The variable minimum wages and gross regional domestic product have a positive and significant effect on minimum wages in Jambi Province. Keywords:       Labor Force Participation Rate,  Minimum Wages, Consumer Price Indexand, and Gross Regional Domestic Product.


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