The Impact of zakat on economic growth in 5 state in Indonesia

Suprayitno, Eko ORCID: (2020) The Impact of zakat on economic growth in 5 state in Indonesia. International Journal of Islamic Banking and Finance Research, Vol. 4 (1). pp. 1-7. ISSN 2576-4144 (Online)

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This study aims to reveal the impact of zakat distribution on macroeconomic in 5 state In Indonesia, by using ECM analysis. The motivation of the current research lies on the belief of a large number of economists that zakat does not affect macro economy because 2.5 percent is perceived insignificant. This issue leads to a high curiosity about the impact of zakat distribution in Indonesia. This study finds that zakat has a significant and positive relationship with economic growth. The results of the ECM analysis show that the distribution of zakat positively influences on economic growth. The long-run elasticity of zakat variable is positive and significant.

Item Type: Journal Article
Keywords: Zakat; Economic Growth; Consumption
Divisions: Faculty of Economics > Department of Islamic Banking
Depositing User: Eko Suprayitno
Date Deposited: 23 Sep 2020 00:59


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