Pengaruh Kapitalisasi Pasar Modal Syariah Terhadap Pertumbuhan Ekonomi di Indonesia pada Tahun 2015-2023

Abstract

This research aims to determine the influence of Sharia capital market capitalization on economic growth in Indonesia in 2015-2023. This research uses secondary data in the form of time series originating from the Central Statistics Agency and the Financial Services Authority for the period 2015-2023. The analysis technique used in this research is quantitative analysis techniques. The method used is the Error Correction Model (ECM) analysis method. The research results show that Sharia Stocks have a positive and significant effect on Indonesia's economic growth. Sukuk have a positive and significant effect on Indonesia's economic growth. Sharia mutual funds have a positive and insignificant effect on Indonesia's economic growth.