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Abstract

This study aims to determine the effect of investment, total debt, net debt, and real GDP growth on unemployment rates in the Asian OIC countries. This research uses a quantitative method with panel data regression. By using common effect model, the results shows investment had a significant effect on reducing the unemployment rate, while the total debt, net debt, and real GDP growth variables had no significant effect.

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Author Biographies

Ahmada Khoirul Umam, Airlangga University Surabaya

Ahmada Khoirul Umam is a second-year syariah economic student at the Airlangga University. He received a bachelor's degree in syariah economy from Airlangga University. He is interested in Islamic economy, economic development and Islamic ethics

Onny Herlambang Putra Wardhana, Airlangga University Surabaya

Onny Herlambang P.W. is a second-year syariah economic student at the Airlangga University. He is interested in Islamic economy, accountancy and economic development