DETERMINASI INVESTASI DAN PASAR MODAL SYARIAH TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

Mohammad Yusuf; Reza Nurul Ichsan; Saparuddin Saparuddin

Mohammad Yusuf Program Studi Ekonomi Pembangunan, Fakultas Sosial Sains, Universitas Pembangunan Panca Budi
Reza Nurul Ichsan Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Pembinaan Masyarakat Indonesia
Saparuddin Saparuddin Program Pascasarjana Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, UIN Sumatera Utara

Abstract

Economic growth is a development in economic activity that causes goods and services produced in society to increase from one period to another. This study aims to analyze the effect of investment on economic growth, to analyze the effect of the Islamic capital market on economic growth. Based on the results of the regression test, it is known that the investment variable has a positive and insignificant contribution to economic growth in Indonesia. Islamic capital market variables have a positive and insignificant contribution to economic growth in Indonesia. And when a scaling test was carried out together, the investment variable, the market for Islamic capital, had a positive and insignificant contribution to Indonesia's economic growth.

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