The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected Province
In recent years, the study of the influence of religion on the economy is rising. However, in Indonesian context there is limited number of literature that specifically explores the relationship between religion and economic. To fill this gap, this article aims to investigate the effect of religion...
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| Format: | Article |
| Language: | English |
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Universitas Muhammadiyah Yogyakarta
2020-06-01
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| Series: | Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies |
| Subjects: | |
| Online Access: | https://journal.umy.ac.id/index.php/afkaruna/article/view/8247 |
| _version_ | 1818281967293038592 |
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| author | Listiono Listiono |
| author_facet | Listiono Listiono |
| author_sort | Listiono Listiono |
| collection | DOAJ |
| description | In recent years, the study of the influence of religion on the economy is rising. However, in Indonesian context there is limited number of literature that specifically explores the relationship between religion and economic. To fill this gap, this article aims to investigate the effect of religion –with religious institutions as proxies- on economic growth using panel data from 2010 to 2017 of selected provinces. This model based on the Cobb-Douglas model and estimated using fixed-effects. The result shows that economic growth positive significantly affected by Protestant and Hindu variables. On other side, there in no strong evidence that Islam and Catholic have siginificant impact on economic growth. This paper does not claim that one religion is better than others in terms of economic activity, as measured by economic growth, but rather on how the role of religious institutions on social networks encourage economic growth. An important point of this paper is that in Indonesian context, religion has significant influences on the economic growth as in many other countries. Keywords: Religion, economic growth, Indonesia, fixed-effects |
| first_indexed | 2024-12-13T00:13:32Z |
| format | Article |
| id | doaj.art-36aa87e528324fd3be39ebc326c65c74 |
| institution | Directory Open Access Journal |
| issn | 2599-0551 2599-0586 |
| language | English |
| last_indexed | 2024-12-13T00:13:32Z |
| publishDate | 2020-06-01 |
| publisher | Universitas Muhammadiyah Yogyakarta |
| record_format | Article |
| series | Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies |
| spelling | doaj.art-36aa87e528324fd3be39ebc326c65c742022-12-22T00:05:52ZengUniversitas Muhammadiyah YogyakartaAfkaruna: Indonesian Interdisciplinary Journal of Islamic Studies2599-05512599-05862020-06-01161405710.18196/AIIJIS.2020.0112.40-574173The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected ProvinceListiono Listiono0Universitas Muhammadiyah YogyakartaIn recent years, the study of the influence of religion on the economy is rising. However, in Indonesian context there is limited number of literature that specifically explores the relationship between religion and economic. To fill this gap, this article aims to investigate the effect of religion –with religious institutions as proxies- on economic growth using panel data from 2010 to 2017 of selected provinces. This model based on the Cobb-Douglas model and estimated using fixed-effects. The result shows that economic growth positive significantly affected by Protestant and Hindu variables. On other side, there in no strong evidence that Islam and Catholic have siginificant impact on economic growth. This paper does not claim that one religion is better than others in terms of economic activity, as measured by economic growth, but rather on how the role of religious institutions on social networks encourage economic growth. An important point of this paper is that in Indonesian context, religion has significant influences on the economic growth as in many other countries. Keywords: Religion, economic growth, Indonesia, fixed-effectshttps://journal.umy.ac.id/index.php/afkaruna/article/view/8247religiongrowthindonesiafixed-effects. |
| spellingShingle | Listiono Listiono The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected Province Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies religion growth indonesia fixed-effects. |
| title | The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected Province |
| title_full | The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected Province |
| title_fullStr | The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected Province |
| title_full_unstemmed | The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected Province |
| title_short | The Impact of Religious Institutions on Economic Growth in Indonesia : Evidence from Selected Province |
| title_sort | impact of religious institutions on economic growth in indonesia evidence from selected province |
| topic | religion growth indonesia fixed-effects. |
| url | https://journal.umy.ac.id/index.php/afkaruna/article/view/8247 |
| work_keys_str_mv | AT listionolistiono theimpactofreligiousinstitutionsoneconomicgrowthinindonesiaevidencefromselectedprovince AT listionolistiono impactofreligiousinstitutionsoneconomicgrowthinindonesiaevidencefromselectedprovince |