Pengaruh Bank Syariah terhadap Pertumbuhan Ekonomi di Indonesia
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Published:
Apr 4, 2018
Keywords:
bidirectional causality, DPK, economic growth, Islamic financing, VECM
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Abstract
Financial sector have important role to develop economic growth in the country. Aim of this study are to analyze the causality between Islamic Banking towards economic growth in Indonesia, the response of economic growth in Indonesia during the shock of Islamic banking and the contribution from Islamic banking towards economic growth in Indonesia. The data used in this study is monthly report during 2010 – 2016. Analysis of the data used Vector Error Corection Model (VECM). The results are significant effect and bidirectional causality appears between financing and Gross Dosmetic Product (GDP). Impulse Resonse Function (IRF) analysis shows that response of economic growth is different between the shock on Islamic financing and Third Party Funds (DPK). Based on Forecast Error Variance Decomposition (FEVD), financing have greatest contribution towards the effect of economic growth but DPK have less contribution. In conclusion Islamic banking should have more efficient during the allocation of DPK to financing.
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References
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Rafsanjani, H. & Sukmana, R. (2014) Pengaruh perbankan atas pertumbuhan ekonomi: studi kasus bank konvensional dan bank syariah di Indonesia, Jurnal Aplikasi Manajemen, 12(3), 492-502.
Rama, A. (2013) Perbankan syariah dan pertumbuhan ekonomi Indonesia, Signifikan: Jurnal Ilmu Ekonomi, 2(1), 35-56.
Syahfitri. (2013) Analisis kredit perbankan dan pertumbuhan ekonomi di Indonesia. [skripsi]. Bogor, Institut Pertanian Bogor.
Thierry, B., Jun, Z., Eric, D.D., Yannick, G.Z.S., & Landry, K.Y.S. (2016) Causality relationship between bank credit and economic growth evidence from a time series analysis on a vector error correction model in Cameroon, Social dan Behavioral Sciences, 235, 664-671.
Yuda, F.M. (2013) Dampak perkembangan keuangan dan keterbukaan perdagangan terhadap pertumbuhan ekonomi di Indonesia 1980-2012. [skripsi]. Bogor,Institut Pertanian Bogor.
Abduh, M. & Chowdhurry, N.T. (2012) Does islamic banking matter for economic growth in Bangladesh?. Journal of Islamic Economic, Banking and Finance, 8(3), 104-113.
[BPS] Badan Pusat Statistik. (2017) Data statistik produk domestik bruto. [internet]. [diunduh 2017 Februari 20]. Tersedia pada: http://bps.go.id
[BPS] Badan Pusat Statistik. (2017) Laporan bulanan data sosial ekonomi Mei 2017. [internet]. [diunduh 2017 Mei 30]. Tersedia pada: http://bps.go.id.
Fabya. (2011) Analisis pengaruh perkembangan sektor keuangan terhadap pertumbuhan ekonomi di Indonesia [skripsi]. Bogor, Institut Pertanian Bogor.
Firdaus, M. (2011) Aplikasi Ekonometrika untuk Data Panel dan Time Series. Bogor, IPB Press.
Furqani, H & Mulyany, R. (2009). Islamic Banking and Economic Growth: Empirical Evidence from Malaysia. Journal of Economic Cooperation and Development, 30(2): 59-74.
Gujarati, D. (2007) Dasar-dasar Ekonometrika. Jakarta, Erlangga.
Hayati, S.R. (2014) Peran perbankan syariah terhadap pertumbuhan ekonomi Indonesia, 4(1), 40-66.
Juanda, B., & Junaidi. (2012) Ekonometrika Deret Waktu: Teori dan Aplikasi. Bogor, IPB Press.
Kassim, S. (2015) Islamic finance and economic growth: the Malaysian experience. Global Finance Journal, 30,66-76.
Murni, A. (2006) Ekonomika Makro. Bandung, PT. Refika Aditama.
[OJK] Otoritas Jasa Keuangan. (2017) Statistik Perbankan Syariah. [internet]. [diunduh 2017 Februari 26]. Tersedia pada: http://ojk.go.id
Puspitasari, M. (2012) Analisis kinerja keuangan dan efisiensi intermediasi bank umum konvensional dan bank umum syariah tahun 2006-2011 [skripsi]. Bogor, Institut Pertanian Bogor.
Putri, K. (2016) Analisis kontribusi perbankan syariah terhadap pertumbuhan ekonomi Indonesia [skripsi]. Yogyakarta, Universitas Islam Negeri Sunan Kalijaga.
Rafsanjani, H. & Sukmana, R. (2014) Pengaruh perbankan atas pertumbuhan ekonomi: studi kasus bank konvensional dan bank syariah di Indonesia, Jurnal Aplikasi Manajemen, 12(3), 492-502.
Rama, A. (2013) Perbankan syariah dan pertumbuhan ekonomi Indonesia, Signifikan: Jurnal Ilmu Ekonomi, 2(1), 35-56.
Syahfitri. (2013) Analisis kredit perbankan dan pertumbuhan ekonomi di Indonesia. [skripsi]. Bogor, Institut Pertanian Bogor.
Thierry, B., Jun, Z., Eric, D.D., Yannick, G.Z.S., & Landry, K.Y.S. (2016) Causality relationship between bank credit and economic growth evidence from a time series analysis on a vector error correction model in Cameroon, Social dan Behavioral Sciences, 235, 664-671.
Yuda, F.M. (2013) Dampak perkembangan keuangan dan keterbukaan perdagangan terhadap pertumbuhan ekonomi di Indonesia 1980-2012. [skripsi]. Bogor,Institut Pertanian Bogor.