Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Cirebon International Journal of Economics and Business
La Himmah Il Princess Choris
Universitas Airlangga, Surabaya
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
From Stability to Productivity: Integrative Framework of Moderated Elite Stability Theory and Integrated Reality Theory for Indonesia's Economic Transformation M. Shoim; La Himmah Il Princess Choris
Cirebon International Journal of Economics and Business Vol. 4 No. 1 (2026): April 2026
Publisher : Faculty of Islamic Economics and Business IAIN Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This article proposes a conceptual integration between Moderated Elite Stability Theory (MEST) and Integrated Reality Theory (IRT) to explain Indonesia's post-Reform economic transformation. MEST—in its proposed framework—describes the mechanisms for the formation of political stability through the interaction between elite concentration, elite coordination, and institutional quality. IRT describes how such stability, along with information quality, state reflective capacity, systemic entropy level, and speed of institutional evolution, affects economic productivity. A two-level mathematical model is proposed: Phase I (MEST)— ; Stage II (IRT) — , , , and as a standardized productivity index. Four theoretical propositions are formulated as initial hypotheses. Substantively, this article argues that the effectiveness of economic transformation is largely determined by the state's ability to decrease systemic entropy, build reflective capacity, and conditionally direct the speed of evolution. This model offers an initial operational framework that requires constructive validation and empirical testing..
Co-Authors M. Shoim