Penelitian Stimulus Dosen

JudulANALYSIS COMPARATIVE OF THE INFLUENCE OF SHARIA AND CONVENTIONAL MONETARY INSTRUMENT ON THE REAL SECTOR: EMPIRICAL STUDIES USING IPI INDONESIA
Nama HibahHibah Internal Penelitian
Nama ProgramPenelitian Kompetitif
Nama SkemaPenelitian Stimulus Dosen
AbstrakIndonesia implements a dual monetary policy system, namely conventional and sharia systems that run side by side. The conventional system is a system of interest, while the Sharia system is a system of profit-sharing. The role of the monetary sector in Indonesia's economic growth is very important by minimizing transaction costs or information in financial markets. To ensure the smooth flow of economic activities and enhance the productivity of individuals in the production of goods and services in the real sector. The purpose of this study is to determine the influence of Islamic and conventional monetary instruments on the real sector. This study uses quantitative methods with an Autoregressive Distributed Lag (ARDL) estimation model with the Industrial Production Index (IPI) as the dependent variable. Bank Indonesia Sharia Certificates (SBIS), Sharia Interbank Money Market (PUAS) and financing as independent variables of Islamic monetary instruments, while Bank Indonesia Certificates (SBI), Interbank Money Market (PUAB) and credit as independent variables of conventional monetary instruments. The results of this study show that Islamic and conventional monetary instruments as a whole affect the Industrial Production Index (IPI) as a real sector with an influence of 77% on Islamic monetary instruments and 45% on conventional monetary instruments. In this study, the variables that affect IPI are SBIS, PUAS, financing and interbank while SBI and credit variables do not affect IPI.
Pengusul Ahmad Suminto, S.H., M.E.
Anggota 1Dr. Muhammad Alfan Rumasukun, S.H.I., M.E.
Anggota 2
Tahun Penelitian2024
Sumber DanaUNIDA GONTOR
Dana Non DiktiIDR 0,00