Equilibrium: Jurnal Ekonomi Syariah
Vol 12, No 1 (2024): EQUILIBRIUM

The Influence of Halal Industry on Increasing Economic Growth in Islamic Countries

Mustofa, Hafidz Zainul (Unknown)



Article Info

Publish Date
08 Jun 2024

Abstract

This study aims to analyze the halal industry's influence on economic growth in Islamic countries. The research gap in this study is that previous studies have indicated a diverse influence of halal industry variables on economic growth. Therefore, this study aims to provide a deeper understanding of the role of the halal industry in enhancing economic growth in Islamic countries. This study is quantitative research using secondary data categorized as panel data. The data consist of annual figures on Islamic Finance, Halal Food, Halal Travel, Halal Fashion, Halal Media and Recreation, and Economic Growth from 2014 to 2020 in 10 Islamic countries, obtained from the State of the Global Islamic Economy (SGIE) Report and the World Bank. The data analysis technique used is Panel VECM. The study results show that only the Islamic Finance variable positively affects economic growth in the short term. In contrast, the other variables show no effect or a negative effect on economic growth. 

Copyrights © 2024






Journal Info

Abbrev

equilibrium

Publisher

Subject

Religion Economics, Econometrics & Finance

Description

This journal encompasses original research articles, review articles, and short communications, including: Islamic Accounting, Islamic Bussines Management, Islamic Human Resource Management, Islamic Economics, Islamic Banking and ...