Determinan Pertumbuhan Sektor Industri di Indonesia Periode 2011 – 2020
DOI:
https://doi.org/10.14421/skiej.2023.2.1.1687Keywords:
ZIS, BI Rate, Industrial GrowthAbstract
Industrial growth is an important thing that must be considered in Indonesia's economic development. Good industrial growth will also trigger national economic development, this can be seen in the contribution of the industrial sector to the formation of the national GDP which in 2020 to reach 19.8 percent. To find out the factors that can support industrial growth, this research uses Islamic financing variables, distribution of zakat infaq alms (ZIS), inflation rates, and the BI Rate level on industrial growth in Indonesia.
The data used in this study is secondary data in the form of monthly time series data with a period of ten years starting from 2011 to 2020. To determine the effect of the independent variable used on the dependen variable will be analyzed using the Error Correction Model (ECM) method.
The results of this study simultaneously variable Islamic financing, distribution of zakat infaq and alms, inflation rate, and the BI Rate together are able to influence industrial growth in Indonesia. Partially shows that Islamic financing positively affectsn industrial growth in Indonesia. The distribution of zakat infaq and alms (ZIS), inflation rate, and BI Rate have do not affectstrial growth in Indonesia.
Downloads
Abstract viewed: 59 times
|
PDF downloaded = 66 times
References
Analyst, F., & Trust, N. (2013). The impact of macroeconomic variables on stock market index: an empirical study. 3(July), 22–29.
Andiyasa, I. G. A., Purbawangsa, I. B. A., & Rahyuda, H. (2014). Pengaruh Beberapa Indeks Saham dan Indikator Ekonomi Global terhadap Kondisi Pasar Modal Indonesia. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana,
Ardana, Y. (2016). Pengaruh Variabel Makroekonomi terhadap Indeks Saham Syariah di Indonesia: Model ECM.
Asmy, M., Rohilina, Hassama, & Fouad, A. (2009). Munich Personal RePEc Archive Effects of Macroeconomic Variables on Stock Prices in Malaysia: An Approach of Error Correction Model.
El ABED, R. (n.d.). Exploring the nexus between macroeconomic variables and stock market returns in Germany: An ARDL Co-integration approach.
Fitriyanti, I., & Herlambang, L. (2016). Analisis Pengaruh Variabel Makroekonomi Dan Harga Komoditas Terhadap Jakarta Islamic Index (Jii). Jurnal Ekonomi Syariah Teori Dan Terapan, 3(9).
Ghassani, R. D., & Sukmana, R. (2020). Pengaruh Variabel Makroekonomi terhadap Jakarta Islamic Index (JII) periode Januari 2004 Hingga Desember 2017. Jurnal Ekonomi Syariah Teori Dan Terapan
Ilahi, I., Ali, M., & Jamil, R. A. (2015). Impact of Macroeconomic Variables on Stock Market Returns: A Case of Karachi Stock Exchange. SSRN Electronic Journal.
MAJID, R. M. Y. & M. S. A. (n.d.). Macroeconomic Variables And Stock Returns In Malaysia: An Application Of The Ardl Bound Testing Approach.
Ologunde, A. O. dkk. (2006). The Effects Of Privatisation And Deregulation Policies On Nigerian Telecommunication Industry Ologunde, A. O. (Mrs.); Owoyomi, A. E.; Elumilade, D.O. And Makinde, J. Taiwo (Mrs.). The Nigerian Academic Forum, 10(1), 13.
Ozbay, E. (2009). The Relationship Between Stock Returns and Macroeconomic Factors: Evidence from Turkey.
Pathan, R., & Masih, M. (2015). Relationship between macroeconomic variables and stock market index : evidence from India. Munich Personal RePEc Archive, 2(63302), 94–108.
Ilahi, I., Ali, M., & Jamil, R. A. (2015b). Impact of Macroeconomic Variables on Stock Market Returns: A Case of Karachi Stock Exchange. SSRN Electronic Journal.
Najeeb, F., & Masih, M. (2016). Macroeconomic variables and stock returns: evidence from Singapore.
Prastiani, S. C., & Pamulang, U. (2021). The Influence Of The World Gold Price And Stock Price On The Jakarta Islamic Index. 4(1), 13–24.
Rachmawati, M., & Laila, N. (2015). Faktor Makro Ekonomi Yang Mempengaruhi Pergerakan Harga Saham Pada Indeks Saham Syariah Indonesia (ISSI) di Bursa Efek Indonesia (BEI). Jurnal Ekonomi Syariah Teori Dan Terapan.
Rosylin Mohd. Yusof and M. Shabri Abd. Majid. (2017). Centre For Socio-Economic Dynamics And Cooperation Of The University Of Bergamo Macroeconomic Variables And Stock Returns In Malaysia : An Application Of The Ardl Bound Testing Approach Author ( S ): Rosylin Mohd . Yusof And M . Shabri Abd . Majid Source. 31(4), 449–469.
RUSTYANINGSIH, D. (2018). Pengaruh Pdb, Inflasi, Nilai Tukar, Harga Minyak Dunia, Harga Emas Dunia Dan Indeks Nikkei 225 Terhadap Indeks Sektor Pertambangan Periode 2011-2016. Jurnal Ilmu Manajemen (JIM), 6(4), 609–619.
Sireesha, P. B. (2013). Effect of Select Macro Economic Variables on Stock Returns in India. International Journal of Marketing, Financial Services and Management Research, 2(6), 197–209.
Sulia Sukmawati, U., Kusnadi, I., & Ayuni, S. (2020). Pengaruh Inflasi, Pertumbuhan Ekonomi, Dan Nilai Tukar Rupiah Terhadap Harga Saham Syariah Pada Jakarta Islamic Index Yang Lesting Di Bursa Efek Indonesia Tahun 2015-2019. Jurnal Alwatzikhoebillah :
Tjandrasa, B. B., & Sutjiati, R. (2016). Effect of World Gold Price, Crude Oil Price and Interest Rate to Jakarta Composite Index. International Journal of Education and Research.
Yahya Mohd Hussin, M., Muhammad, F., Noordin, K., Fakhzan Marwan, N., Abdul Razak, A., Yahya, M., Fakhzan, N., & Abdul, A. (2012). The Impact Of Oil Price Shocks On Islamic Financial Market In Malaysia Labuan E-Journal Of Muamalat And Society. Labuan E-Journal Of Muamalat And Society, 6, 1–13.
Boediono. (2014). Ekonomi Moneter (Ketiga ed.). Yogyakarta: BPFE-Yogyakarta
Hidayat, I.C. (2017). "Analisis Pengaruh Variabel Makro Ekonomi dan Harga Emas Dunia terhadap Jakarta Islamic Index (JII) dan Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia (BEI)". SKRIPSI. Fakultas Ekonomi, Universitas Islam Indonesia
Utami, A. T., & Herlambang, L. (2016). Pengaruh Variabel Makro EkonomiHterhadap Indeks Jakarta Islamic Index (JII) Periode Januari 2010 hingga November 2015. Jurnal Ekonomi Syariah Teori dan Terapan,3 (1), 78-84.
Husnan, S. (2000). Dasar-dasar Teori Portofolio dan Analisis Sekuritas di Pasar Modal. Yogyakarta: UPP AMP YKPN.
Isnaini, N., & Ghoniyah, N. (2013). Analisis Risiko Investasi Saham Perusahaan yang Go Publik di Jakarta Islamic Index. Media Ekonomi dan Manajemen, 28 (2)
Beik, I. S., & Fatmawati, W. (2014). Pengaruh Indeks Harga Saham Syariah Internasional dan Variabel Makro Ekonomi terhadap Jakarta Islamic Index (JII). Al-Iqtishad, VI (2).
