The Impact of Islamic Financial Inclusion on Economic Growth in Asia: Evidence from Indonesia and Iraq

• Autores: Ali Hasaan, Saidin Mansyu, Sabbar Dahham Sabbar, Omer Mohamed Taha Alkanan, Muryani Arsal, Julian M. Hashim, Amro Halfaoui
• Localización: UCJC Business & Society Review, ISSN-e 2659-3270, Vol. 21, Nº. 1, 2024, págs. 84-127
• Idioma: inglés
• Títulos paralelos:
  • El Impacto de la Inclusión Financiera Islámica en el Crecimiento Económico en Asia: Evidencia de Indonesia e IrakBusiness and Society ReviewUCJC(Formerly known as Universia Business Review)Hurriah Ali Hasan1Saidin Mansyur2Sabbar Dahham Sabbar3Omer Mohamed Taha Alkanan4Muryani Arsal5Hasyim M6Amro Halfaoui6
• Enlaces
  • Texto completo
• Resumen
  • español

    Este estudio examinó la relación entre la inclusión financiera islámica y el desarrollo económico en Indonesia e Irak utilizando datos de panel desde 2000 hasta 2014. El estudio utilizó variables como el crecimiento del PIB per cápita, la educación, la inflación, el consumo gubernamental, la apertura comercial, el crédito interno, los préstamos de instituciones financieras islámicas, el estado de derecho y la calidad regulatoria. Los hallazgos mostraron una variación significativa entre países y períodos en lo que respecta al desarrollo económico, la educación y la adopción de finanzas islámicas. El análisis de correlación reveló relaciones tanto positivas como negativas entre las variables. Las pruebas de raíz unitaria de panel y de dependencia entre secciones destacaron la necesidad de utilizar métodos avanzados para analizar los datos de panel. Las pruebas de co-integración de panel sugirieron evidencia de una relación a largo plazo entre la inclusión financiera islámica y el desarrollo económico. Los estimadores FMOLS demostraron la importancia y dirección de las relaciones. El estudio proporcionó información sobre el papel de la inclusión financiera islámica en la promoción del desarrollo económico en Indonesia e Irak, enfatizando los posibles beneficios de integrar las finanzas islámicas en los sistemas financieros de estos países

  • English

    This study examined the relationship between Islamic financial inclusion and economic development in Indonesia and Iraq using panel data from 2000 to 2014. The study used variables such as GDP per capita growth, education, inflation, government consumption, trade openness, domestic credit, loans by Islamic financial institutions, the rule of law, and regulatory quality. The findings showed significant variation across countries and periods regarding economic development, education, and the adoption of Islamic finance. Correlation analysis revealed both positive and negative relationships between the variables. Panel unit root and cross-sectional dependency tests highlighted the need for advanced methods to analyze panel data. Panel co-integration tests suggested evidence of a long-term relationship between Islamic financial inclusion and economic development. The FMOLS estimators demonstrated the significance and direction of the relationships. The study provided insights into the role of Islamic financial inclusion in promoting economic development in Indonesia and Iraq, emphasizing the potential benefits of integrating Islamic finance into the financial systems of these countries

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