Research Article
The Impact of Islamic Social Finance, Gender Development Index and Inflation on Indonesia’s Economic Growth in 2011-2020
@INPROCEEDINGS{10.4108/eai.19-7-2022.2328254, author={Fatimatuzzahra Fatimatuzzahra and Muhammad Anwar Fathoni}, title={The Impact of Islamic Social Finance, Gender Development Index and Inflation on Indonesia’s Economic Growth in 2011-2020}, proceedings={Proceedings of the 3rd International Conference of Islamic Finance and Business, ICIFEB 2022, 19-20 July 2022, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={ICIFEB}, year={2023}, month={4}, keywords={economic growth gender development index inflation islamic social finance}, doi={10.4108/eai.19-7-2022.2328254} }- Fatimatuzzahra Fatimatuzzahra
Muhammad Anwar Fathoni
Year: 2023
The Impact of Islamic Social Finance, Gender Development Index and Inflation on Indonesia’s Economic Growth in 2011-2020
ICIFEB
EAI
DOI: 10.4108/eai.19-7-2022.2328254
Abstract
Economic growth is the goal that every country wants to achieve. Economic growth is one of the indications of whether or not a country is developing. Over the past 10 years, economic growth has been volatile and has shown a downward trend in 2020 due to the Covid-19 pandemic. This study aims to investigate the impact of Islamic social finance, Gender Development Index (IPG) and Inflation on Indonesia's economic growth in vulnerable periods from 2011 to 2020. The approach used in this study is a quantitative approach based on secondary data taken from Gross Regional Domestic Product (GRDP) data on the basis of constant prices, Islamic social finance, Gender Development Index, and Inflation. The data analysis method used is in the form of a time series regression which consists of a data stationarity test, an optimum lag test, a cointegration test, and a granger causality test. The results of this study show that the variables of Islamic social finance, gender development index, and inflation simultaneously have a significant positive influence on Indonesia's economic growth. Meanwhile, partially, the study found mixed results, including the Islamic social finance and the Gender Development Index (IPG) had a positive and significant impact, while inflation was positive but not significant on Indonesia's economic growth.