Perbankan Umum Syariah Jangka Panjang Dan Pendek Terhadap Pertumbuhan Ekonomi Di Indonesia (Error Correction Model)

https://doi.org/10.35912/bukhori.v1i2.1417
Published: Sep 28, 2022

Abstract:

Purpose: This study aims to analyze the influence of Islamic banking which is reflected in: assets, financing, and third party funds of Islamic banking on economic growth in Indonesia. The data used in this study is time series data in the form of quarter period 2011:Q1-2020:Q4.

Research methodology: This study uses regression analysis methods OLS (Ordinary Least Square) and ECM (Error Correction Model). The data used is time series data in the form of quarterly period 2011:Q1-2020:Q4.

Results: The results of this study indicate that the asset variable in Islamic banking has a positive and significant effect on economic growth in Indonesia in the short and long term. The financing variable in Islamic banking has a positive and significant effect on economic growth in Indonesia in the short and long term. Likewise, the DPK (Third Party Funds) variable for Islamic banking has a positive and significant impact on economic growth in Indonesia, both in the short term and in the long term.Limitations: The limitation of this research is that there are many variables outside the model that are not included in the study. Contribution: The positive performance of the financial sector will have a positive correlation with the economic performance of a country. The financial sector can be the main source of growth in the real sector of the economy.

Keywords:
1. Sharia Banking
2. Economic Growth
3. ECM (Error Correction Model)
Authors:
1 . Heru Wahyudi
2 . Nova Diah Astuti
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How to Cite
Wahyudi, H., & Astuti, N. D. (2022). Perbankan Umum Syariah Jangka Panjang Dan Pendek Terhadap Pertumbuhan Ekonomi Di Indonesia (Error Correction Model). Bukhori: Kajian Ekonomi Dan Keuangan Islam, 1(2), 129–145. https://doi.org/10.35912/bukhori.v1i2.1417
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Vol. 1 No. 2 (2022): Januari
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  2. Gujarati, DN (2012). Fundamentals of Econometrics (5th ed.). Salemba Empat, Jakarta.
  3. Harahap, SS (2008). Critical Analysis of Financial Statements . PT. King Grafindo Persada.
  4. Hayati, SR (2014). The Role of Sharia General Banking on Indonesia's Economic Growth. INDO-ISLAMICS, 24(1), 47–55.
  5. Hidayat, S., & Irwansyah, R. (2020). The Influence of Third Party Funds and Islamic Banking Financing on Indonesia's Economic Growth. Journal of Sharia General Economics and Banking, 5(1), 1–21. http://journal.um-surabaya.ac.id/index.php/Maqasid
  6. Hidayati, AN, & Filianti, D. (2021). Factors Affecting Remaining Operating Results (SHU) in Sharia Cooperatives in Surabaya in the 2014-2018 Period. Journal of Theory and Applied Islamic Economics, 6(9), 2013–2015.
  7. Jamil, M. (2017). Analysis of the Effect of Islamic Bank Financing, Investment and Government Expenditure on Economic Growth in Indonesia . 34–54.
  8. Machmud, A., & Rukmana. (2010). Islamic Banks, Theory, Policy, and Empirical Studies in Indonesia . Erlangga.
  9. Mankiw, NG (2013). Introduction to Macroeconomics . Salemba Empat, Jakarta.
  10. McKinnon, RI (1973). Money and capital in economic development . The Brookings Institution.
  11. Prihardianto, W. (2006). Study of Revenue Recognition in Islamic Banks and Conventional Banks Case Study of BNI Syariah Banks. Journal of Scientific Unity, 8(1). https://doi.org/10.31227/osf.io/tzafk
  12. Rashid, R. (2010). The Influence of Bank Performance on Third Party Funds. Muara Journal of Economics and Business, 1(2), 152–162.
  13. Rizki, MP, & Fakhruddin. (2015). INTERMEDIATION OF SHARIA COMMERCIAL BANKING AGAINST. 2, 42–55.
  14. Saragih, IS, & Irawan. (2019). The Role of Islamic Public Banking in Encouraging Indonesia's Economic Growth Rate. THE BOOK, 3(1).
  15. Sugianto, S., Yafiz, M., & Khairunnisa, A. (2021). Interaction of Investment, Third Party Funds and Financing of Sharia General Banking on Economic Growth in North Sumatra. Scientific Journal of Islamic Economics, 7(2), 1091–1100. https://doi.org/10.29040/jiei.v7i2.2601
  16. Sugiyono. (2016). Quantitative, Qualitative and R&D Research Methods. PT Alphabet.
  17. Sukirno, S. (2011a). Introduction to Macroeconomic Theory (Third). Press Eagle.
  18. Sukirno, S. (2011b). Introduction to Macroeconomic Theory (Keti Edition). Press Eagle.
  19. Supartoyo, YH, Juanda, B., Firdaus, M., & Effendi, J. (2018). The Influence of the Financial Sector of Rural Banks on the Regional Economy of the Sulawesi Region. Economics and Finance Studies, 2(1), 15–38. https://doi.org/10.31685/kek.v2i1.207
  20. Supriyanto, B., Sari, P., Economics, F., & Surakarta, UM (2019). Internal Factors Affecting Asset Growth of Islamic Commercial Banks in Indonesia for a Decade (2009-2018). 368–386.
  21. Widarjono, A. (2013). Econometrics: Introduction and Applications. Econosia.
  22. Wuryandani, D. (2020). The Impact of the Covid-19 Pandemic on Indonesia's 2020 Economic Growth and Solutions. Research Center of the Indonesian House of Representatives Expertise Board, Economics and Public Policy.
  23. Zumaidah, N., Lutfi, & Soelistyo, A. (2018). The Effect of Assets, Third Party Funds, and Credit at Commercial Banks on Economic Growth in the Provinces in Indonesia in 2013 - 2016. Journal of Economics, 2 , 251–263.