Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Vol 5 No 5 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah

Determinant of Indonesia’s Gdp : Corporate Sukuk as Mediator

Maula Arsyadanil Haq (Pascasarjana UIN Maulana Malik Ibrahim Malang)
Salwa Nabila Nihaya (UIN Maulana Malik Ibrahim Malang, Indonesia)



Article Info

Publish Date
27 Nov 2022

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.

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Journal Info

Abbrev

alkharaj

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

AL-KHARAJ: The Journal of Islamic Economics, Finance & Business is a scientific journal published by the Center for Research and Strategic Studies (PRKS) of the Institute of Islamic Religion (IAI) National Laa Roiba Bogor. This journal contains scientific papers from academics, researchers and ...