Interplay of Islam and Economic Growth: Unveiling the Long-run Dynamics in Muslim and Non-muslim Countries
Faruq Umar Quadri, Oluwaseun Oladeji Olaniyi, Olugbenga Olaposi Olaoye
Asian Journal of Education and Social Studies · pp. 483–498 · Published 30 Dec 2023
10.9734/ajess/2023/v49i41226Abstract
This study delves into the intricate relationship between Islam and economic growth, examining how Islamic teachings impact economic policies and developmental outcomes. Using data from 47 countries over the period 2010-2021, and to achieve our research objectives the CS-ARDL estimating technique by Chudik et al. was employed. The research reveals that Islam positively influences economic growth in Muslim countries in the long run, with a less significant impact in non-Muslim countries. The study emphasizes the role of Islamic education in shaping the behavior of the Muslim population and its subsequent impact on economic growth. Recommendations include prioritizing investment in Islamic education to enhance human capital, fostering long-term economic plans that align with the positive influence of Islamic teachings, and leveraging education to contribute to sustained economic growth.
Cited by 36
Olugbenga Olaposi, Olaoye, Faruq Umar Quadri, Oluwaseun Oladeji Olaniyi · Journal of Economics, Management and Trade · 2024
Chinasa Susan Adigwe · Asian Journal of Economics, Business and Accounting · 2024
Samuel Oladiipo Olabanji, Oluseun Babatunde Oladoyinbo, Christopher Uzoma Asonze, Tunbosun Oyewale Oladoyinbo, Samson Abidemi Ajayi, Oluwaseun Oladeji Olaniyi · Asian Journal of Economics, Business and Accounting · 2024
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Samuel Oladiipo Olabanji, Tunbosun Oyewale Oladoyinbo, Christopher Uzoma Asonze, Chinasa Susan Adigwe, Olalekan Jamiu Okunleye, Oluwaseun Oladeji Olaniyi · Asian Journal of Economics, Business and Accounting · 2024
Yewande Alice Marquis, Tunbosun Oyewale Oladoyinbo, Samuel Oladiipo Olabanji, Oluwaseun Oladeji Olaniyi, Samson Abidemi Ajayi · Asian Journal of Advanced Research and Reports · 2024
Tunbosun Oyewale Oladoyinbo, Samuel Oladiipo Olabanji, Oluwaseun Oladeji Olaniyi, Olubukola Omolara Adebiyi, Olalekan Jamiu Okunleye, Adegbenga Ismaila Alao · Asian Journal of Advanced Research and Reports · 2024
Samuel Oladiipo Olabanji, Oluwaseun Oladeji Olaniyi, Chinasa Susan Adigwe, Olalekan Jamiu Okunleye, Tunbosun Oyewale Oladoyinbo · Asian Journal of Research in Computer Science · 2024
Samuel Oladiipo Olabanji, Yewande Alice Marquis, Chinasa Susan Adigwe, Samson Abidemi Ajayi, Tunbosun Oyewale Oladoyinbo, Oluwaseun Oladeji Olaniyi · Asian Journal of Research in Computer Science · 2024
Aisha Temitope Arigbabu, Oluwaseun Oladeji Olaniyi, Chinasa Susan Adigwe, Olubukola Omolara Adebiyi, Samson Abidemi Ajayi · Asian Journal of Research in Computer Science · 2024
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