Sunan Kalijaga: Islamic Economics Journal
Vol. 4 No. 2 (2025)

Impact of Islamic Economic Growth, Financial Literacy, and Inflation on Gini Ratio in Indonesia (2013-2023)

Abizar Al-Ghiffari, Hadraji Mufti (Unknown)
Budi Sekaringsih, Riswanti (Unknown)



Article Info

Publish Date
26 Dec 2025

Abstract

This study aims to analyze the effect of Islamic economic growth, financial literacy, and inflation on income inequality in Indonesia as measured by the Gini Ratio during the period 2013-2023. The method used is multiple linear regression and quadratic regression to identify the non-linear relationship between the independent variables and the Gini Ratio. The results show that financial literacy has a significant negative effect on income inequality, while inflation shows no significant effect. Islamic economic growth shows an inverted U shape quadratic relationship, which means that initially an increase in Islamic economic growth increases inequality, but after a certain point it decreases it. These findings suggest the importance of improving people's financial literacy and strengthening an inclusive Islamic economy to promote equitable income distribution in Indonesia.

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Journal Info

Abbrev

skiej

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Sunan Kalijaga: Islamic Economics Journal is an international journal published by Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Neger Sunan Kalijaga. This journal is designed to provide a forum for researchers or academicians and also practitioners ...