The Effect Of Investment Financing, Non Investment And Consumer Price Index On Economic Growth In Indonesia: A Simulation Model Approach

Muhammad, Nasir and Asmuni, Asmuni and Saparuddin, Siregar (2020) The Effect Of Investment Financing, Non Investment And Consumer Price Index On Economic Growth In Indonesia: A Simulation Model Approach. Journal Of Critical Review, 7 (1). ISSN 2394-5125

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Abstract

This study aims to analyze the effect of Islamic finance and consumer price indexes on economic growth in Indonesia. This study was conducted in 33 provinces for 7 years from 2011-2017. The research model uses the panel data model. The result regarding Financing shows that Financing provided by Islamic Commercial Banks are very useful in promoting economic growth, especially if the proportion of investment financing is greater than non-investment. Research also shows that most Indonesian provinces are still in quadrants II, III and IV. It shows that the allocation of investment financing in each province is still relatively low. However, there is sufficient evidence that investment financing can improve economic growth. Furthermore, non-investment financing has a negative effect. Meanwhile, the consumer price index has a positive effect on economic growth in Indonesia. The recommendations of this study are government and related agencies should focus on increasing investment financing to increase a higher economy as well as it is necessary to control the Consumer Price Index.

Jenis Item:	Artikel
Subjects:	300 Social sciences > 330 Economics > 336 Public finance
Divisions:	Artikel (Jurnal, Koran, Majalah)
Pengguna yang mendeposit:	Ms Novita Sari
Date Deposited:	04 Sep 2020 22:33
Last Modified:	04 Sep 2020 22:33
URI:	http://repository.uinsu.ac.id/id/eprint/9447

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