Journal of Islamic Economic and Business Research
Vol. 4 No. 2: December 2024

Stabilizing Economic Growth Since Covid-19 Pandemic: Evidence from OIC Country

Ariyani, Diyah (Unknown)
Waharini, Faqiatul Mariya (Unknown)



Article Info

Publish Date
20 Dec 2024

Abstract

This research investigated how the government stabilized its economy in terms of government spending during the global crisis of the COVID-19 pandemic. This study also tried to identify whether there is a difference in the amount of government spending from the aspect of government spending before the global crisis of the COVID-19 pandemic and after the global crisis of the COVID-19 pandemic. The data covered all members of the Organization of Islamic Cooperation (OIC) spread across 4 continents. In looking at which factors affect economic growth, multiple linear regression is used, and a comparative test is carried out by conducting a Different Paired Sample T-Test. After testing in this study, researchers found that there were differences in government policies in terms of government spending carried out before the global crisis of the COVID-19 pandemic and after the global crisis of the COVID-19 pandemic. The independent variables used in the study had a significant positive influence except for the population. This research also shows that the government's efforts to maintain economic growth by increasing government spending are policies that have been implemented globally. This research is expected to provide recommendations for policies that can be implemented by the government in an effort to stabilize the economy, including increasing per capita income, increasing the human development index, and increasing trade activities abroad and domestically.

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Journal Info

Abbrev

jiebr

Publisher

Subject

Religion Economics, Econometrics & Finance

Description

Journal of Islamic Economic and Business and Research is a scientific journal which has specialization of research in Islamic Economic and Business Research. Islamic Economic and Business Research is strategic issues in the world because its role and benefit to societies. Therefore, this issue need ...