Islamic securities market-economic growth nexus: evidence from Indonesia

Islamic securities market-economic growth nexus: evidence from Indonesia

The purpose of this study is to evaluate the dynamic effects of Islamic securities markets development on economic growth, particularly in Indonesia. The model estimation used to uncover the relationship is autoregressive distributed lag (ARDL). This study uses quarterly time series data [2000:Q1-20...

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Main Author: Abduh, Muhamad
Format: Conference or Workshop Item
Language:English
Published: 2012
Subjects:
HC Economic History and Conditions
Online Access:http://irep.iium.edu.my/25707/
http://irep.iium.edu.my/25707/
http://irep.iium.edu.my/25707/1/Islamic_securities_markets-_economic_growth_nexus.pdf
id iium-25707
recordtype eprints
spelling iium-257072012-09-12T00:14:28Z http://irep.iium.edu.my/25707/ Islamic securities market-economic growth nexus: evidence from Indonesia Abduh, Muhamad HC Economic History and Conditions The purpose of this study is to evaluate the dynamic effects of Islamic securities markets development on economic growth, particularly in Indonesia. The model estimation used to uncover the relationship is autoregressive distributed lag (ARDL). This study uses quarterly time series data [2000:Q1-2011:Q4] for the variable of Jakarta Islamic Index to represent Islamic securities and real GDP. The result shows that the relationship is following supply-leading view, which means that there is evidence of long run influence of Islamic securities markets development towards Indonesia economic growth but not vice versa. Hence, developing Islamic financial markets can be one way to boost the economy in Indonesia. 2012 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/25707/1/Islamic_securities_markets-_economic_growth_nexus.pdf Abduh, Muhamad (2012) Islamic securities market-economic growth nexus: evidence from Indonesia. In: International Conference on Political Science, Public Admnistration and Peace Studies: Civil society, politics and development in ASEAN countries, 6-7 Sept. 2012, International Convention Center, Prince of Songkhla University, Hat Yai, Thailand. http://aseanpspa.psu.ac.th/index.php
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Abduh, Muhamad
Islamic securities market-economic growth nexus: evidence from Indonesia
description The purpose of this study is to evaluate the dynamic effects of Islamic securities markets development on economic growth, particularly in Indonesia. The model estimation used to uncover the relationship is autoregressive distributed lag (ARDL). This study uses quarterly time series data [2000:Q1-2011:Q4] for the variable of Jakarta Islamic Index to represent Islamic securities and real GDP. The result shows that the relationship is following supply-leading view, which means that there is evidence of long run influence of Islamic securities markets development towards Indonesia economic growth but not vice versa. Hence, developing Islamic financial markets can be one way to boost the economy in Indonesia.
format Conference or Workshop Item
author Abduh, Muhamad
author_facet Abduh, Muhamad
author_sort Abduh, Muhamad
title Islamic securities market-economic growth nexus: evidence from Indonesia
title_short Islamic securities market-economic growth nexus: evidence from Indonesia
title_full Islamic securities market-economic growth nexus: evidence from Indonesia
title_fullStr Islamic securities market-economic growth nexus: evidence from Indonesia
title_full_unstemmed Islamic securities market-economic growth nexus: evidence from Indonesia
title_sort islamic securities market-economic growth nexus: evidence from indonesia
publishDate 2012
url http://irep.iium.edu.my/25707/
http://irep.iium.edu.my/25707/
http://irep.iium.edu.my/25707/1/Islamic_securities_markets-_economic_growth_nexus.pdf
first_indexed 2023-09-18T20:38:17Z
last_indexed 2023-09-18T20:38:17Z
_version_ 1777409193451454464

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