PENGARUH DANA INVESTASI MELALUI INSTRUMEN SUN DAN SBSN TERHADAP PERTUMBUHAN EKONOMI INDONESIA

Abstract

This research aimed to find out the effect of investment funds through instruments of government bonds (SUN) and the State Sharia Securities (SBSN)on the economic growth in Indonesia in the 2012-2020 period. Furthermore, the Indonesia economic growth was measured by units of Gross Domestic Product with production at constant prices, meanwhile, the government bunds (SUN) and the State Sharia Securities (SBSN) were measured by the number of SUN and SBSN published. This research was quantitative. This research used a saturated sampling method i.e., a sample collection method with all the population members used as the sample. Furthermore, the research sample used 36 samples consisting of economic growth, outstanding SUN, and outstanding SBSN per quarter yearin the 2012-2020 period. The research analysis method used multiple linear regression analysis with SPSS 26 version. Moreover, the data analysis technique used descriptive statistical analysis, classic assumption test, multiple linear regression, and hypothesis test. The research result concluded that government bonds (SUN) had a positive effect on Indonesia economic growth, meanwhile, the State Sharia Securities (SBSN) did not affect Indonesia economic growth.