Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2015 | 23 | nr 3 | 89--104
Tytuł artykułu

The Contribution of Islamic Banking to Indonesia's Economic Growth : the Evidence from the Vector Error Correction and Variance Decomposition Methods

Treść / Zawartość
Warianty tytułu
Języki publikacji
Purpose: The aim of this study is to empirically understand whether Islamic banks have a positive relationship to economic growth in Indonesia.

Methodology: This study examines the causal relationship amongst several selected variables: real GDP (RY), total deposit (TD), the change in the Consumer Price Index as an inflation proxy (INF), and the ratio of total imports and exports to nominal GDP (OE). In order to accomplish the research objectives of this study, a time series quarterly data spanning from the first quarter of 2003 to the last quarter of 2011 comprising of 36 data points has been used to perform an effective analysis.

Findings: The inference deduced here is twofold; First Islamic banks in Indonesia are still unable to contribute significantly to Indonesia's economic growth. Second, the relationship between Islamic banks and economic growth in Indonesia is positively but weakly correlated.

Research Limitations: For this time series research, the researcher is limited by the small amount of data (2003.Q1 to 2011.Q4). (original abstract)
Opis fizyczny
  • Universitas Trisakti, Indonesia
  • INCEIF, Postgraduate Student
  • Ajija, Setianto and Hudaifah (2010). The Contribution of Islamic Banking and Financial Institutions (IBFIs) on the Indonesian Economic Growth: The Evidence from the ARDL Bound Testing Approach. Forum Riset Perbankan Syariah II Bank Indonesia Papers. 1: 1-25.
  • Al-Yousif, Y.K. (2002). Financial Development and Economic Growth: Another Look at the Evidence from Developing Countries. Review of Financial Economics, 11: 131-150,
  • Bank Indonesia. Indonesian Islamic Banking Outlook 2011.
  • Bank Indonesia. Indonesia Banking Statistics. Jakarta: Bank Indonesia.
  • Eschenbach, F. (2004). Finance and Growth: A Survey of the Theoritical and Empirical Literature. Tinbergen Institute Discussion Paper TI 2004-039/2,
  • Fischer, S. (2003). The Importance of Financial Markets in Economic Growth. Proceeding of International Derivatives and Financial Market Conference of the Brazilian Mercantile and Future Exchange conference in Campos do Jordao, Brazil, August 20-23.
  • Indonesian Financial Statistics or Statistik Ekonomi Keuangan Indonesia Levine, R., Loayza, N. and Beck, T. (2000) Financial intermediation and growth: Causality and causes. Journal of Monetary Economics, 46: 31-77,
  • Levine, R. (2004). Finance and Growth: Theory and Evidence.Handbook of Economic Growth Carlson School of Management. University of Minnesota and the NBER.
  • Masih, Mansur, Al-Elg, Ali. and Madani, H. (2010). Causality between financial development and economic growth: an application of vector error correction and variance decomposition methods to Saudi Arabia. Applied Economics, 41(13): 1691-1699,
  • Monzerkahf (1999). Islamic Bank at the Threshold of the Third Millenium. Thunderbird International Business Review, 41: 445-460.
  • Pesaran, M.H. and Shin, Y. (2002). Long-run structural modelling. Econometric Reviews, 21: 49-87,
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.