Islamic Human Development Index (IHDI), institutional quality, macroeconomics and economic growth: empirical evidence from Organization of Islamic Cooperation (OIC) countries

Widiastuti, Tika and Hadi Ryandono, Muhammad Nafik and -, Siti Zulaikha and Al Mustofa, Muhammad Ubaidillah and Atiya, Nikmatul (2023) Islamic Human Development Index (IHDI), institutional quality, macroeconomics and economic growth: empirical evidence from Organization of Islamic Cooperation (OIC) countries. In: The 8th Southeast Asia International Philanthropy Conference 2023 (SEAIPC2023), 7-9 November 2023, Waterfront Hotel, Kuching, Sarawak.

Official URL: https://seaipc.com/

Abstract

This study examines the impact of the Islamic Human Development Index (IHDI), institutional quality, and macroeconomics on economic growth in 39 Organization of Islamic Cooperation (OIC). This study used a Randomized Effect Model and panel data from 2007 to 2019. The findings indicate that the Islamic Human Development Index (IHDI) as a proxy of human quality has a positive and significant impact on economic growth (1.225). Furthermore, institutional quality (0.994) and macroeconomics variables -population (0.926) and wage (0.034)- have a positive significant impact on economic growth. This study confirms that the IHDI, which comprehensively reflects human quality from a more Islamic perspective, encourage economic growth in OIC countries.

Item Details

Item Type:	Conference or Workshop Item (Paper)
Creators:	Creators Email / ID Num. Widiastuti, Tika UNSPECIFIED Hadi Ryandono, Muhammad Nafik UNSPECIFIED -, Siti Zulaikha UNSPECIFIED Al Mustofa, Muhammad Ubaidillah UNSPECIFIED Atiya, Nikmatul UNSPECIFIED
Contributors:	Contribution Name Email / ID Num. Chief Editor Abdul Rasool, Mohamed Saladin UNSPECIFIED Chief Editor Awang Tuah, Siti Normah UNSPECIFIED Editor Muhamad Hanapiyah, Zulkefli UNSPECIFIED Editor P. Rameli, Mohd Faizal UNSPECIFIED Editor Ahmad, Siti Nurul Akma UNSPECIFIED Editor Md Jani, Syahrina Hayati UNSPECIFIED Editor Ali, Siti Mariam UNSPECIFIED Editor Wan Mohamed Saferdin, Wan Aisyah Amni UNSPECIFIED Agency Representative Rokman, Zesdyzar UNSPECIFIED Agency Representative Azhar, Nur Aleya Natasha UNSPECIFIED
Subjects:	H Social Sciences > HB Economic Theory. Demography > Economics H Social Sciences > HB Economic Theory. Demography > Macroeconomics H Social Sciences > HG Finance > Interest rates
Divisions:	Universiti Teknologi MARA, Melaka > Alor Gajah Campus > Academy of Contemporary Islamic Studies (ACIS)
Journal or Publication Title:	The 8th Southeast Asia International Philanthropy Conference 2023 (SEAIPC2023)
Event Title:	The 8th Southeast Asia International Philanthropy Conference 2023 (SEAIPC2023)
Event Dates:	7-9 November 2023
Page Range:	p. 153
Keywords:	IHDI, Institutional quality, Macroeconomic, Economic growth, OIC Countries
Date:	2023
URI:	https://ir.uitm.edu.my/id/eprint/105599

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