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All Journal Journal of Halal Industry Studies
Munajar Munajar
Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga
Religion Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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Pengaruh sektor industri halal terhadap pertumbuhan ekonomi di 15 negara top global ekonomi May Husnul Khotimah; Dina Oktaviani; Munajar Munajar
Journal of Halal Industry Studies Vol. 5 No. 1 (2026): Journal of Halal Industry Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jhis.v5i1.2710

Abstract

This study examines the role of the halal industry in promoting economic growth across the top 15 global countries listed in the State of the Global Islamic Economy Index (SGIEI). The research gap arises from inconsistencies in previous empirical findings on the contribution of each halal industry subsector to economic growth, as well as from the limited number of studies that integrate all major subsectors using recent data. A quantitative approach is employed using secondary panel data covering six halal industry subsectors: halal food, Islamic finance, Muslim-friendly tourism, modest fashion, halal pharmaceuticals and cosmetics, and media and recreation, during the 2023–2024 period in the top 15 global economy countries. The data are obtained from the State of the Global Islamic Economy (SGIEI) and the World Bank. Panel data regression analysis is applied, with the Random Effect Model (REM) selected as the most appropriate estimation model. The findings indicate that the halal food and Muslim-friendly tourism subsectors have a positive and significant impact on economic growth. In contrast, the other halal industry subsectors do not demonstrate a statistically significant effect.
Co-Authors Dina Oktaviani May Husnul Khotimah