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All Journal Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Proceeding ISETH (International Summit on Science, Technology, and Humanity)
Firliana Rizki Ramadhina
Universitas Muhammadiyah Surakarta
Computer Science & IT Economics, Econometrics & Finance Engineering Medicine & Pharmacology Social Sciences Other

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Impact of Global Geopolitical Tension and Economic Uncertainty on Economic Growth in 3 Countries OIC Firliana Rizki Ramadhina; Inda Fresti Puspitasari
Proceeding ISETH (International Summit on Science, Technology, and Humanity) 2025: Proceeding ISETH (International Summit on Science, Technology, and Humanity)
Publisher : Universitas Muhammadiyah Surakarta

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Abstract

Purpose: The study aims to examine the impact of geopolitical tension and global economic uncertainty on economic growth. The dependent variable in this study is GDP Growth, while the independent variables in this study are Geopolitical Risk Index (GPR), World Uncertainty Index (WUI), Oil Prices, and Gold Prices).Methodology: This study uses a quantitative panel data analysis method in three OIC countries (Saudi Arabia, Indonesia, and Malaysia) for the period 2020 M01-2024 M12. Results: The Best model in this study is Fixed Effect Model (FEM). The results show that World Uncertainty Index (WUI) and Oil Prices have a positive and significant effect on economic growth, while Gold Prices have a negative and significant effect. Meanwhile, GPR has no significant effect on economic growth. Applications/Originality/Value: Results of this study can be a suggestion for government to maintain economic growth with implication expansionary fiscal policies such as increasing Infrastructure spending, creating labor intensive programs, and providing energy subsidies.
Digital Strategy and Green Strategy on Business Sustainability: Exploring the Moderating Role of Innovation Eni Setyowati; Zana Zein Hardimanto; Dyah Titis Kusuma Wardani; Firliana Rizki Ramadhina
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 2 (2026): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i2.2026.pp476-489

Abstract

The urgency of this study stems from the critical need to understand business sustainability among micro-enterprises in Surakarta, a city characterized by a relatively low density of such businesses within Central Java. Optimizing strategic practices is essential for maintaining competitiveness. This study aims to analyze the direct effects of digital and green strategies on business sustainability, as well as the moderating role of innovation in these relationships. Cross-sectional data were collected from 385 micro-enterprise owners and analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach via SMART-PLS software. Empirical findings indicate that both green strategies and digital strategies have a statistically significant positive direct impact on business sustainability. Conversely, innovation exerts a negative effect on the relationship between green strategies and business sustainability. This suggests that the intensity of innovation, when combined with the implementation of green strategies, imposes a temporary operational burden on enterprises due to resource constraints. These results offer valuable insights for policymakers and micro-enterprise owners regarding the need to balance eco-friendly innovation with available resources.
Co-Authors Eni Setyowati Inda Fresti Puspitasari Zana Zein Hardimanto