DETERMINANTS OF THE ECONOMY IN ORGANIZATION OF ISLAMIC COOPERATION (OIC) COUNTRIES FROM 1991 TO 2015

This research aimed to discover the influence of government expenditure, unemployment, and minimum wage of OIC's member countries on the economy. This research used data by the World Bank with a quantitive approach and were analyzed by using panel data analysis. According to the result, government expenditure, unemployment, and minimum wage have a significant influence on the economy (GDP) in the OIC Countries. Government expenditure significantly affects the decreasing of the economy in the OIC Countries. On the other hand, unemployment significantly affects the decreasing of the economy in The OIC countries. And minimum wage significantly affects the increasing of the economy in The OIC Countries.

Keywords: OIC, GDP, government expenditure, unemployment, minimum wage.

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