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ANALYSIS OF THE INFLUENCE OF FINANCIAL INSTITUTIONS AND BANKING STABILITY ON THE HUMAN DEVELOPMENT INDEX IN BRICS Monika Sapitri; Siti Rohima; Mu’izzuddin Mu’izzuddin
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10061

Abstract

This study aims to examine the relationship between financial institutions and banking stability and the Human Development Index. The BRICS countries, specifically Brazil, Russia, China, India, Indonesia, and South Africa, were sampled. Secondary data from the UNDP, IMF, and World Bank were used. The analysis technique used in this study was panel data regression for the period 2000–2022. The results of the fixed effect model estimation indicate that financial institutions and banking stability have a positive and complementary effect on improving the Human Development Index (HDI) in BRICS countries. Inclusive financial institutions promote access to basic services. Banking stability strengthens economic confidence and supports the financing of social development.
The Effects of Household Consumption, Open Unemployment Rate and Domestic Investment on Regional Gross Domestic Product in 32 Provinces Of Indonesia M. Reizky Satria Latuconsina; Sela Indra Lestari; Siti Rohima; Anna Yulianita; Muhammad Subardin
Danadyaksa: Post Modern Economy Journal Vol. 4 No. 2 (2026): Post Modern Economy Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/danadyaksa.v4i2.891

Abstract

This study examines the effects of household consumption, open unemployment rate, and domestic investment on Regional Gross Domestic Product (GRDP) in 32 provinces of Indonesia during 2014–2025. Using secondary panel data comprising 384 observations, the study applies panel data regression with the Common Effect Model, Fixed Effect Model, and Random Effect Model. Based on the Chow, Hausman, and Lagrange Multiplier tests, the Fixed Effect Model is selected as the appropriate model. The results show that household consumption has a positive and significant effect on GRDP, while the open unemployment rate has a negative and significant effect. Domestic investment has a positive and significant effect on GRDP. Simultaneously, all three variables significantly affect GRDP. These findings highlight the importance of strengthening household consumption and local production, reducing unemployment through productive employment, and improving the quality and productivity of domestic investment to support regional economic development.