@phdthesis{digilib75360, month = {November}, title = {PENGARUH SAHAM SYARIAH, SUKUK, DAN REKSADANA SYARIAH TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA TAHUN 2015-2025}, school = {UIN SUNAN KALIJAGA YOGYAKARTA}, author = {NIM.: 20108010074 Dassya Anggraini Kelani}, year = {2025}, note = {Dr. Miftakhul Choiri, S.Sos.I., M.S.I.}, keywords = {Saham Syariah, Sukuk, Reksadana Syariah, Pertumbuhan Ekonomi, Vector Error Correction Model (VECM)}, url = {https://digilib.uin-suka.ac.id/id/eprint/75360/}, abstract = {This study aims to analyze the effect of Islamic stocks, sukuk, and Islamic mutual funds on economic growth in Indonesia. The data used are time series data covering the period 2015?2025, analyzed using the Vector Error Correction Model (VECM) approach. The results indicate that in the short run, Islamic stocks, sukuk, and Islamic mutual funds do not have a significant effect on economic growth. However, in the long run, the cointegration test reveals the existence of a long-term equilibrium relationship between Islamic financial instruments and economic growth, as reflected by a significant error correction term. These findings suggest that Islamic capital market instruments contribute to economic growth through long-term investment financing and capital accumulation mechanisms.} }