Measuring the economic islamicity index in the archipelagic Indonesia: Does spatial role affect it?

Asnawi, Nur and Wicaksono, Ahmad Tibrizi Soni and Setyaningsih, Nina Dwi Measuring the economic islamicity index in the archipelagic Indonesia: Does spatial role affect it? Journal of Talent Development & Excellence, 12 (1). 3464-3489 Talent Development & Excell. ISSN 1869-2885

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Abstract

This research aims to measure Economic Islamicity Index through the elaboration process and adaptation of Maqashid Shariah Principles and Economics Principles, then conducted spatial mapping in Islamic economic performance in 34 Province of Indonesia. The research approach uses the Embedded Mix Method by developing Multi-Stage Weighted Index results in the Economic Islamicity Index. It was followed by testing global spatial effects with Global Moran's I analysis and testing local spatial effects through the Local Indicator of Spatial Autocorrelation (LISA) consisting of LISA Cluster Map and LISA Significance Map. The empirical results of the Economic Islamicity Index demonstrate that the Islamic economic performance of Indonesia is very central to DKI Jakarta province and Java island. Meanwhile, spatial global shows a strong spatial autocorrelation relationship with Islamic economic performance in every Indonesia province. Then, the local spatial analysis revealed a significant spatial relationship to Islamic economic performance in DKI Jakarta, South Sulawesi, West Sulawesi, West Java, Banten and central Sulawesi with surrounding areas that are divided into High-High and Low-Low categories. This research conducts the process of elaboration and adaptation of Maqashid Shariah Principles and Economics Principles to measure Economic Islamicity Index, then promote spatial role in mapping Islamic economic performance in the Indonesian archipelago

Item Type: Journal Article
Keywords: Economic Islamicity Index, Spatial Effect, Islamic Economic and Archipelagic Indonesia
Subjects: 14 ECONOMICS > 1402 Applied Economics > 140202 Economic Development and Growth
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl. Banking)
Divisions: Faculty of Economics > Department of Islamic Banking
Depositing User: Ahmad Tibrizi Soni Wicaksono
Date Deposited: 30 Jun 2020 16:08

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