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

Enny Kartini and Milawati Milawati
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Enny Kartini: Faculty of Social Science Education, Economics Education Program, IKIP PGRI Kaltim, Indonesia
Milawati Milawati: Faculty of Social Science Education, Economics Education Program, IKIP PGRI Kaltim, Indonesia

International Journal of Economics and Financial Issues, 2020, vol. 10, issue 5, 77-83

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 (search for similar items in EconPapers)
JEL-codes: G1 O4 O53 (search for similar items in EconPapers)
Date: 2020
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