How Sukuk and Conventional Bond Affect Economic Growth? Evidence from Indonesia

Authors

  • Enny Kartini IKIP PGRI KALIMANTAN TIMUR
  • Milawati Milawati IKIP PGRI KALIMANTAN TIMUR

Abstract

This study is aimed to show how big the impact of sukuk and conventional bond toward Indonesia's economic growth in the period of 2011-2019 by using ARDL method to observe the impact on the short term and long term. The result of this study shows that on the short term, sukuk does not affect the economic growth and bonds affect the economic growth. As on the long term, sukuk affects the economic growth and bonds do not affect the economic growth. This shows that Indonesian people see sukuk better than conventional bonds in the future.

Keywords: Conventional Bond, Growth, Indonesia, Sukuk

JEL Classifications: G1, O4, O53

DOI: https://doi.org/10.32479/ijefi.10223

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Author Biographies

Enny Kartini, IKIP PGRI KALIMANTAN TIMUR

Faculty of Sosial Science Education, Economics Education Program

Milawati Milawati, IKIP PGRI KALIMANTAN TIMUR

Faculty of Sosial Science Education, Economics Education Program

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Published

2020-09-04

How to Cite

Kartini, E., & Milawati, M. (2020). How Sukuk and Conventional Bond Affect Economic Growth? Evidence from Indonesia. International Journal of Economics and Financial Issues, 10(5), 77–83. Retrieved from http://econjournals.com/index.php/ijefi/article/view/10223

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