The Nexus Between Zakat, Population, Scientific and Technical Journal Articles, and Economic Growth: Panel Data Analysis in Muslim Countries
Nurrizka Puji Lestari (a*), Sri Herianingrum (b)

(a) Islamic Economics Study Program, Faculty of Economic and Business, Airlangga University, Surabaya, Indonesia
*nurrizka.puji.lestari-2023[at]feb.unair.ac.id
(b) Islamic Economics Study Program, Faculty of Economic and Business, Airlangga University, Surabaya, Indonesia

Abstract

This study aims to investigate the impact of zakat levels, population, and scientific and technical journal articles on economic growth. This study is based on a panel data model applied to a sample of seven Muslim-majority countries from 2007 to 2020. The findings show that zakat level, population, and scientific and technical journal articles all have a significant positive relationship with GDP per capita. These findings can be used as a foundation for the government to improve the national economy as a policymaker by optimizing zakat, population, and encouraging an increase in scientific and technical journal articles. Several empirical studies, primarily using panel data, have examined the impact of zakat on economic growth. As a result, this study seeks to add to the body of knowledge on the subject. This provides compelling evidence for the importance of zakat in a country with the largest Muslim population.

Keywords: Economic Growth, Journal Articles, Population, Zakat

Topic: Islamic social finance