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Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi
Published by Universitas Muhammadiyah Ponorogo
ISSN : 1858165X     EISSN : 25287672     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi is a journal published by the Economic Faculty, Universitas Muhammadiyah Ponorogo (Unmuh Ponorogo) in collaboration with Universitas Muhammadiyah Ponorogo Research and Community Service. Published twice a year (March and September), contains six to ten articles and receive articles in the field of economic and business review studies with research methodologies that meet the standards set for publication. Manuscript articles can come from researchers, academics, practitioners, and other economic observers who are interested in research in the field of economics.
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Articles 10 Documents
 1 
Search results for , issue "Vol 18, No 2 (2023): September" : 10 Documents clear
Analysis of Government Funding Performance on Economic Growth and Human Development Index in Indonesia Prince Charles Heston Runtunuwu; Norsaidatul Akmar Mazelan; Jay Rajasekera
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp136-148

Abstract

Economic growth shows the extent to which economic activity will generate additional public income in a certain period, that is, an economy is said to experience growth if the real income of the community in a certain year is greater than the real income of the community in the previous year. Economic growth is the most important factor in development that determines the success of the development of a region/region which is measured based on the high or low levels of economic growth achieved. This study aims to analyze the effect of General Allocation Funds (DAU), Special Allocation Funds (DAK) and Revenue Sharing Funds (DBH) on Economic Growth and Human Development Index (IPM). The object of research was carried out in South Halmahera Regency in 2012-2021 using the multiple linear regression analysis testing method. The results show that the influence of the General Allocation Fund, the Special Allocation Fund and the Profit Sharing Fund simultaneously influence Economic Growth with the Human Development Index in South Halmahera Regency. While the results of partial testing, the influence of General Allocation Funds, Special Allocation Funds and Profit Sharing Funds also affect Economic Growth with the Human Development Index in South Halmahera Regency. This indicates that the greater the regional potential revenue, it will be able to increase the achievement of Economic Growth and the Human Development Index.
The Influence of Sleman City Hall on Housing Price: A Case Study using OLX Data Muhammad Naurul Muna; Romi Bhakti Hartarto; Ibnu Hajar
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp149-155

Abstract

The Special Region of Yogyakarta (DIY) is one of the provinces in Indonesia with rapid development. This is indicated by the increasing number of shopping centers and the development of tourism and educational activities. Sleman Regency is a business center in DIY Province because it has the largest number of shopping centers in DIY Province compared to other districts. This study aims to determine whether the house adjacent to Sleman City Hall, the largest shopping center in Sleman Regency, has a higher selling price. While similar studies use primary data collected in the field through questionnaires, this study contributes to the property economics literature by utilizing secondary data from the OLX dataset to estimate the selling price of the house. A total of 229 data obtained through the OLX website related to selling prices, proximity to Sleman City Hall, and property characteristics were processed using multiple regression analysis with the ordinary least squares (OLS) technique. The finding of this study is that the distance from Sleman City Hall has a negative and significant effect on the selling price of the house. Another finding from this study is that the building area and land area have a positive and significant effect on the selling price of the house. On the other hand, the distance to the asphalt road has nothing to do with the selling price of the house.
Ability Locus of Control in Mediating Islamic Attitude and Knowledge on Financial Behavior Solihatun Nisak; Rahmat Agus Santoso
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp120-135

Abstract

The primary objective of this study was conducted (1) to test the influence of financial knowledge and locus of control on financial behavior, (2) to find the impact of Islamic financial attitudes toward financial conduct and Locus of Control, (3) to investigate influence the role of locus of control as a mediator between financial knowledge and Islamic finance attitudes in relation to financial behavior. Although the model concept used in this study has been explored previously, the specific indicators for the Islamic financial attitude variable have not been studied before.This research follows an explanatory approach, which involves testing hypotheses to understand the relationships between variables. The study included a sample of 130 Muslim farmers from Tuban Regency, selected through cluster sampling. Data analysis was conducted using SmartPLS3 software, employing Path Analysis as the analytical technique.Based on the data analysis and inquiry results, the study found that Islamic financial attitudes had a positive impact on individuals' financial locus of control and financial behavior. However, financial knowledge did not significantly affect financial locus of control and behavior.Furthermore, the locus of control was identified as a mediator between Islamic financial attitudes and individuals' financial behavior, indicating that it played a role in influencing financial behavior based on their attitudes towards Islamic finance. However, the locus of control was not capable of mediating the impact of financial knowledge on financial behavior.
Research Trends in Talent Management and Career Development: Why is Promotion Important? (Bibliometric Analysis) Putra Satriya Yudha; Rr. Sri Handari Wahyuningsih; Retno Widowati
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp190-202

Abstract

This study looks for connections between global career development and trends in talent management research.  In the context of TM, career development plays an important role. This is because individual careers have significant potential to serve organizational strategic goals. After all, investment in organizational career development is beneficial not only for individuals, but also for organizational performance. For this research, the author processes Scopus index journal data using VOSviewer. This study used VOSviewer to analyze the data and map the most general and well-liked focal topics. 192 research papers in RIS format were used in this study. The Scopus database shows a fluctuation in the amount of research done on talent management and career development over the last few years and a decline in that interest.  The VOSviewer analysis map classifies the most prominent nodes so that the most significant influence is the "talent" node so that it can be. The limitation of this study is that the data source was only compiled from prior studies; thus, more analysis would be beneficial to improve the data source and the reliability of the findings.
Sustainable Business Model in Small and Medium-Sized Enterprises: A Study in Yogyakarta and Magelang Octavia Lhaksmi Pramudyastuti; Chaidir Iswanaji; Supanji Setyawan; Atika Atika; Alex Johanes Simamora
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp213-226

Abstract

This study aims to analyze Yogyakarta and Magelang Small and Medium-Sized Enterprises (hereafter) SMEs based on sustainable business model implementation. This study gives new evidence of Yogyakarta and Magelang SMEs’ businesses based on sustainable business model where Indonesian SMEs’ experience the economic crash of Covid-19. This study uses a qualitative descriptive method. Specifically, uses method of qualitative evaluative where this study evaluates SMEs business process by using sustainable business model. Research sample includes 40 SMEs in Yogyakarta and Magelang. Evaluation of SMEs’ business is based on elements of sustainable business model including key partner, key activity, key resources, value proposition, customer relationship, channels, customer segment, cost structure, revenue stream, cash flow management, pivoting plan, and ecological concern. This study uses a “yes and no” questionaries with 13 questions that refers to the elements of sustainable business. Based on the result, this study finds that most SMEs in Yogyakarta and Magelang, implement the elements of a key partner, key activity, key resources, value proposition, customer relationship, channels, cost structure, pivoting plan, and ecological concern. On the other hand, most SMEs do not implement elements of customer segment, revenue stream, and cash flow management.  Socialization and special training is needed from various parties related to the implementation of sustainable business models for SMEs.
The Influence of Total Quality Management (TQM) and Organizational Culture on Employee Job Satisfaction that Impacts Employee Performance (Case Study on Cooperatives in South Tangerang City) Hamsinah Hamsinah; Denok Sunarsi; Umi Narimawati; Afzal Sayed Munna; Avinash Pawar
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp156-168

Abstract

This study aims to determine the effect of total quality management and organizational culture on employee job satisfaction with employee performance as an intervening variable. This research uses quantitative research, which is based on data that can be calculated to produce a strong quantitative interpretation. The data analysis technique used is PLS version 3.0 (Partial Least Square) software which is a variant-based structural equation analysis (Structural Equation Model) and can perform measurement model testing as well as structural model testing. The population and sample in this study were cooperatives in the South Tangerang area. The technique used in this study was the Simple Random Sampling Technique. And the sample used in this study were 191 employees in the South Tangerang Cooperative. With the results of the study that total quality management has a significant effect on employee job satisfaction because the t-statistic value is 19,056 1,652 while the latent variable on organizational culture has an effect on the contribution to the latent variable on employee job satisfaction with a statistical value of 14,351 1,652. While the latent variable total quality management has no significant effect on employee performance because the value is 1.281 1.652. And the organizational culture variable has an effect on employee performance with a t-statistic value of 4.214 1.652. And for the variable employee job satisfaction has an effect on employee performance with a value of 5.115 1.652.
Money Demand Analysis through Business Cycle in Indonesia Isna Melati; Mahrus Lutfi Adi Kurniawan
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp203-212

Abstract

There is still debate about the role of monetary aggregates (money demand) and their nature in the domestic economy, whether there is a direct affect and indirect affect. After the 2008 crisis, monetary aggregates became a monetary policy tool that played an important role in maintaining domestic economic stability. This study aims to examine macroeconomic variables on the demand for money in Indonesia from 2000Q1-2021Q4 using the VECM approach. The business cycle is used as a proxy for the income variable with the Hodrick-Prescott Filter method on the GDP variable. The results show that income has a high degree of variability in the demand for money and there is a sensitivity in the response of the demand for money to fluctuations in domestic interest rates. The implication of this research the application of domestic interest rates at the lowest level can encourage income which can increase the demand for money in Indonesia.
Digital Technologies Application and Competitive Advantage for MSMEs Sustainability and Market Performance Dekeng Setyo Budiarto; Ayuk Amanda; Norraini Nordin
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp169-178

Abstract

The development of digital technology and intense competition have forced owners of small firms (MSMEs) to adapt technological developments to compete with competitors quickly. This study examines the effect of digitalization and competitive advantage on market sustainability and performance. This study used a qualitative method by distributing questionnaires to 166 MSMEs owners in Indonesia. The finding of this research indicate that digitalization and competitive advantage affect sustainability and market performance. This study's results suggest to MSMEs owners that technological proficiency is crucial for companies to survive in an uncertain environment.
The Association between Early Marriage Decisions and Poverty Incidents in Indonesia Najwa Khairina; Muhammad Azhar Tridharma Putra
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp227-236

Abstract

Early marriage is one of the social problems prevalent in many emerging countries, including Indonesia. Early marriage is widely believed to impact future economic outcomes negatively and is also associated with higher poverty incidence. Previous research has shown that early marriage significantly affects an individual’s future welfare and makes them vulnerable to poverty (Dahl, 2010). Research on this issue is still limited in Indonesia, and we aim to pursue the impact of early marriage decisions on poverty, using divorce, dropout, and gender as control variables. We use panel logistic regression on Indonesia Family Life Survey (IFLS) data set. We classify early married individuals as someone who marry under 18 years old, while the poverty variable is measured using the national poverty line. The logistic regression shows that early marriage is significantly associated with lower wages and poverty. The marginal effect of the logistic regression shows that an individual who marries early has a higher probability of getting into poverty, as much as 13-15%. We also found that women are more vulnerable to poverty than male with the exact status of marriage and education level. This result implies that the early marriage problem needs further attention from the policymaker. Regulation of the age of marriage should be reinforced and supported by more stringent measures from local governments.
Social Welfare Factors during Covid-19 in Indonesia in 2020-2021 Aulia Ilma Rachmah; Dwi Prasetyani; Bhimo Rizky Samudro
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 18, No 2 (2023): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v18i2.2023.pp179-189

Abstract

In general, the progress made by the state has the same goal of improving the welfare conditions of its citizens. An increase in the well-being of people in a region can be seen in the increase in wages received by that region. Unfortunately, at the end of 2019, in December to be exact, a catastrophe believed to be caused by an unknown pneumonia shook the world. The incident occurred in Wuhan, China. China recognized pneumonia as a separate novel coronavirus strain on January 7, 2020. The research method used is qualitative with panel data regression analysis using the 2020-2021 time series and cross-sections of her 34 provinces in Indonesia. The dependent variable in this study is average consumption, and independent variables include gross domestic product (GDP), average wages, number of poor people, and open unemployment rate (TPT). The results of this study are that several independent variables are relevant, the variable GDPP has a positive effect on median consumption, median wages have no effect on median consumption, the number of poor people has a negative effect on median consumption, and TPT has a positive effect on median consumption.

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