Pengaruh Pembiayaan Syariah dan Pertumbuhan Investasi Syariah Terhadap Pertumbuhan Ekonomi Indonesia

Abstract

This study aims to analyze the effect of Islamic Financing and Islamic Investment on Indonesia’s Economic Growth using the Autoregressive Distributed Lag (ARDL) method. The data used are quarterly time series data from 2014 to 2024. The data obtained from official sources such as the Otoritas Jasa Keuangan (OJK), Badan Pusat Statistik (BPS), and Bank Indonesia (BI). The result show that partially, Islamic Financing has no significant effect on Indonesia’s Economic Growth. Meanwhile, Islamic Investment has a significant effect on Economic growth. Simultaneously, both Islamic Financing and Islamic Investment have a significant effect on Indonesia’s economic growth. Based on the cointegration test, there is a long term relationship between Islamic Financing, Islamic Investment, and Economic Growth. However, in the long term relationship, only Islamic Investment has a significant effect on Indonesia’s Economic Growth.