Kontribusi Instrumen Moneter Syariah dan Konvensional Terhadap Inflasi di Negara OKI

This study aims to determine the impact of Open Market Operation Sharia (OMOS), Open Market Operation Conventional (OMOC), and Interest Rates on inflation in OIC countries. This study employed a quantitative approach to the panel data technique. From 2012q2 to 2021q4, the sampled nations were Indonesia, Malaysia, Bahrain, and Pakistan. Using the Chow Test and the Hausman Test, the best models were chosen. The findings indicated that OMOS has a negative but insignificant impact on inflation. OMOC has a substantial negative impact on inflation. Consequently, interest rates have a substantial positive effect on inflation. This study can help central banks evaluate OMOS, OMOC, and interest rates to control inflation. Economic research on OMOS and inflation is limited. Researchers discovered that few previous studies discuss OMOS specifically. This study, therefore, seeks to fill in the gap

PENGARUH ENERGI TERBARUKAN, EMISI KARBON, DAN FOREIGN DIRECT INVESTMENT TERHADAP PERTUMBUHAN EKONOMI NEGARA ANGGOTA OKI

Climate change is currently an important topic to talk about. Member countries of the Organization of Islamic Cooperation are one of the regions of the country that are vulnerable to climate change due to high exposure and low adaptive capacity. This study aims to determine the effect of renewable energy, carbon emissions, and FDI on economic growth for two groups of low-income and middle-income OIC countries. Data is obtained from the World Development Indicators for the period 2000-2015. This study uses panel data analysis techniques. The result show that simultaneously renewable energy, carbon emissions and FDI have a significant effect on economic growth for both group. Partially for both group, the empirical study found that renewable energy had a significant negative effect on economic growth. Carbon emissions have a significant positive effect on economic growth, while FDI only has a significant effect for the middle-income group of OIC countries. This finding can be a suggestion for the OIC to continue encouraging the energy transition while taking into account the economic conditions of these countries

The Correlation of Financial Development on Energy Consumption: A Study Case in Indonesia

The relationship between energy consumption and financial development is still uncertain. This study aims to analyses the correlation between energy consumption, financial development, and energy price. This study will use regression model, ordinary least square (OLS) with time series data from 2002-2014. The result show that the regression model is statistically significant, but only energy price that positively significance to determine the model