Macroeconomic Effects on Economic Growth in Muslim Countries: Political System as A Moderating Variable
Journal: EKONOMIKA SYARIAH Journal of Economic Studies
Year: 2023

&lt;p&gt;This study seeks to explore the role of the political system in supporting the influence of macro variables on economic growth in the world's Islamic countries. Data obtained from the world bank during 2010-2021. The econometric model used in the research is the Generalized Method of Moments (GMM). The main finding is that the political system has a significant negative effect on growth. This negative effect is caused by the low value of the political index determined by world governanc