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The Contribution of Saving and Loan onn Economic Growth, The Case of Indonesia

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  • Muhammad Fadli Hanafi
  • Berly Martawardaya
  • Andi M. Alfian Parewangi

Abstract

In order to systematically analyze how savings collected from the budget surplus and loan distributed for investment by economic sectors, working capital by economic sectors, and loan affect growth in the long term. The research uses the Solow and Swan model as explained by Mankiw, Romer, and Weil (1992). Type of data is data panel using OLS and GMM estimation technique, and also Granger Test using VECM for the long run bidirectional analysis Savings and Loan perform positive and significant role on economic growth

Suggested Citation

  • Muhammad Fadli Hanafi & Berly Martawardaya & Andi M. Alfian Parewangi, 2014. "The Contribution of Saving and Loan onn Economic Growth, The Case of Indonesia," EcoMod2014 7238, EcoMod.
    • Handle: RePEc:ekd:006356:7238
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    References listed on IDEAS

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    1. Parewangi, Andi M. Alfian & Iskandar, Azwar, 2020. "The Nexus of Islamic Finance and Poverty," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 61(2), pages 111-139, December.

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