Maula Arsyadanil Haq
Pascasarjana UIN Maulana Malik Ibrahim Malang

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Determinant of Indonesia’s Gdp : Corporate Sukuk as Mediator Maula Arsyadanil Haq; Salwa Nabila Nihaya
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 5 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (916.151 KB) | DOI: 10.47467/alkharaj.v5i5.2303

Abstract

This study aims to analyze the impact of the Money Supply and Inflation on Gross Domestic Product (GDP) mediated by Corporate Sukuk. The research method utilizes descriptive quantitative approach using secondary data that accessed through the websites of the BPS, KEMENDAG, BI, and OJK from 2011 to 2020. The information investigation in this study uses path anaysis and sobel test with eviews 12 application to analyze the impact of free factors on subordinate variable. This study indicate that in the first regression analysis the money supply has a significant positive effect on corporate sukuk. Meanwhile, inflation has a significant negative effect on corporate sukuk. In the second regression analysis, the effect of money supply, inflation, and corporate sukuk on GDP shows that the money supply and corporate sukuk have a significant positive effect on GDP. Meanwhile, inflation has no significant effect on GDP. The results of the Sobel test state that corporate sukuk mediate the relationship between the effect of money supply and inflation on GDP.