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ISLAMIC ECONOMICS AND INDUSTRIAL TRADE TOWARD SUSTAINABLE ECONOMIC DEVELOPMENT IN INDONESIA
Roikhan Aziz Mochamad1) Acep R. Jayaprawira2) Purbawati Setyaningsih3)

1 | Universitas Islam Negeri Syarif Hidayatullah Jakarta, email: roikhan.ma[at]uinjkt.ac.id
2 | Badan Pengelola Keuangan Haji, email: acepjayaprawira[at]bpkh.go.id
3 | Praktisi, email: p.setyaningsih[at]gmail.com


Abstract

ABSTRACT The results of this research are that Agi exports, domestic investment and Ziswaf have a significant positive effect on economic growth in long-term, while exports have a significant negative effect on GDP economic growth. PMDN investment internal variable, Agi export and Export external variables and Ziswaf religiosity variable provide almost all the information needed to predict the dependent variable of GDP, and simultaneously affect GDP economic growth with a value of determination 98 percent. For the short term the estimation results show that ziswaf has a significant positive effect on GDP economic growth with a value of determination of 26 percent. This research analyzes the effect of investment, international agricultural trade and socio-economic conditions on sustainable economic growth, in the short and long term. Qualitative data was taken from BPS, Baznas, ACT Global Waqf and research on BWI in the form of secondary data from March 2017 to December 2018. The Used Error Correction Model (ECM) Methodology. This implies in the future, domestic investment institutions need to consider the long- term programs in the international trade of the agricultural sector with high economic value and manage agricultural production aspects well and sustainably to improve the performance of positively balances international trade thus increasing GDP in real sector. Economic growth accompanied by sustainability is the best choice. Products and halal logistics is a must. Governments need to develop alternative policies to dismantle the old approach with a new way as a new era.

Keywords: Keywords: Stability Economics, Sustainable Economic Development, Industrialization, Agriculture in International Trade, Economics of the Arts and Literature, Islamic Sosio Economics JEL Classifications: C62, Q01, E2, F21, Z11, Z12

Topic: Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/aLMQCe7m3K4u

Conference: THE 4th ANNUAL ISLAMIC FINANCE CONFERENCE (AIFC 2019)

Plain Format | Corresponding Author (Roikhan Aziz Mochamad)

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