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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| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2012
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| Online Access: | http://irep.iium.edu.my/25707/ http://irep.iium.edu.my/25707/1/Islamic_securities_markets-_economic_growth_nexus.pdf |
| _version_ | 1848779506628689920 |
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| author | Abduh, Muhamad |
| author_facet | Abduh, Muhamad |
| author_sort | Abduh, Muhamad |
| building | IIUM Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T15:18:52Z |
| format | Proceeding Paper |
| id | iium-25707 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:18:52Z |
| publishDate | 2012 |
| recordtype | eprints |
| repository_type | Digital Repository |
| 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 Proceeding Paper 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 |
| spellingShingle | HC Economic History and Conditions Abduh, Muhamad Islamic securities market-economic growth nexus: evidence from Indonesia |
| title | 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_short | Islamic securities market-economic growth nexus: evidence from Indonesia |
| title_sort | islamic securities market-economic growth nexus: evidence from indonesia |
| topic | HC Economic History and Conditions |
| 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 |