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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 12 Documents
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Search results for , issue "Vol 20, No 1 (2025): March" : 12 Documents clear
Impact of the Covid 19 Pandemic on the Quality of Good Local Government Governance in Indonesia Khairudin Khairudin
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp113-142

Abstract

The aim of this research is to assess the impact of the Covid-19 pandemic on the quality of good local government governance. This study involved all provincial governments in Indonesia with observation years 2019 and 2020. The assessment of the quality of good regional governance was measured using the Principal Component Analysis method. The test was carried out by comparing the value of the good regional governance index in the year before the Covid-19 outbreak with the value of the good regional governance index in the year of the Covid-19 outbreak. The findings showed that the governance index of all provincial governments in 2020 decreased by an average of 0.68 points or 10.82% so that the Covid-19 Pandemic in Indonesia has reduced the quality of regional governance. Therefore, all stakeholders need to be more serious in building the principles of good governance from planning to control to maintain quality, even in crisis situations.
Identifying Critical Infrastructure for Local Economic Development in Rapidly Growing Small Towns Catur Raharjo Febrayanto; Fitri Susiyanti; Mohammad Agus Yulianto; Muhammad Siwi Nugraha; Ira Amanda Hirbasari; Ahmad Hanfan; Lusiana Indira Isni
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp76-96

Abstract

Brebes Regency, Indonesia, exhibits significant economic growth but also the highest poverty rate in Pekalongan Residency, indicating uneven development. This study identifies local economic potential and prioritizes infrastructure needs for sustainable economic growth in rapidly developing small towns within Brebes Regency, Indonesia. Data were collected through Focus Group Discussions (FGDs) and supplemented by secondary data from relevant Local Government Agencies (OPDs), providing insights on existing infrastructure, potential economic activities, and necessary facilities for local development. The analysis utilized qualitative descriptive methods, regression to assess economic growth trends, and Klassen's typology to classify economic activities. Findings indicate significant opportunities in key sectors such as agriculture and fisheries, highlighting the urgent need for targeted infrastructure investments, including rice mills, fish hatcheries, and vocational training centers, to bolster these sectors. The study concludes that strategic infrastructure development, informed by both primary and secondary data sources, is essential for maximizing economic potential and fostering sustainable growth in Brebes Regency's small towns. This research supports informed policy decisions regarding resource allocation and infrastructure planning, contributing to equitable development and enhanced economic resilience in the region.
Rationality of Informal Sector Vendor Groups in Maintaining Business Slamet Santoso; Khusnatul Zulfa Wafirotin; Yeni Cahyono; Iin Wijayanti; Riza Dessy Nila Ayutika
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp196-207

Abstract

Informal sector vendors have now penetrated every city. This phenomenon is interesting to study further, especially their rational efforts to maintain their business. This study aims to determine how the rationality of informal sector vendor groups works in running and maintaining their business. Studying rationality becomes important because, for base consideration, it is important that they run in the group so that they are capable of maintaining their efforts until the moment. This study uses a social definition paradigm with a qualitative approach and a case study research type. The data collection methods used are in-depth interviews and observations. Data analysis uses interactive model analysis with data validity checks by triangulation. The study results show that informal sector vendors do not run informal sector vendors individually and separately, but their vendors are run in groups. The existence of these groups is important because they can help each other or help each other, support each other's vendors by maintaining harmony and mutual respect between each other so that they can run and maintain their business. The rationality of informal sector vendors is included in the type of value rational action (Werk Rational).
The Effect of Marketing Activities on Profitability with Others Comprehensive Income as Moderation: Evidence from Southeast Asia Ririn Andriana; Marhaendra Kusuma; Che Manisah Mohd Kasim; Carlos Afonso Barreto
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp143-160

Abstract

This research aims to know moderated of others comprehensive income in link of marketing activities on the profitability of financial sector firm in the Southeast Asia region. Research on profitability determination has been widely conducted, but testing the moderating role of Others Comprehensive Income (OCI) in link marketing activities on financial profitability in financial sector companies has not been widely conducted. This is important because financial sector companies have large financial assets. The source of funding comes from funding funds that are inseparable from marketing activities. Ownership of large financial assets has an impact of other comprehensive income (OCI), especially the type of unrealized earnings from adjustment assets include financial types that are ready to be realized (AFS). Observation data of 612 from the financial statements of a sample of 153 financial sector companies in 2020 - 2023 in five Southeast Asian countries, namely Indonesia, Thailand, Malaysia, Singapore, and the Philippines. Data analysis using Moderated Regression Analysis and showing the results that the existence of OCI in financial sector companies is proven to strengthen the positive impact activities of marketing to ROA or profitability. The originality of this study is to test OCI’s moderated in link marketing activities on profitability. Large OCI AFS ownership in financial sector companies is important information for investors regarding future profitability, because AFS will be realized in the future, and its realization will certainly affect net income.
Does Cross-Country Income Convergence Occur? Ahmad Thoifur
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp62-75

Abstract

Income is one of the most popular dimensions for measuring welfare and development; hence, comparing welfare and well-being among countries can be conducted by comparing their per capita income. While income convergence is a certain implication in neoclassical growth theory, it does not always occur empirically. This study aims to investigate whether income convergence occurs among economies. Employing data from 93 countries from 1980 to 2022 obtained from the World Bank, the two-way fixed effect panel model is implemented to verify the existence of β-convergence. The result shows that the initial per capita gross domestic product, representing income, negatively affects income growth, indicating that β-convergence occurs in terms of global and club convergence. This implies that poor countries grew faster than affluent countries. After β-convergence is confirmed, σ-convergence is analyzed by measuring the income dispersion across countries over time. σ-convergence exists if the dispersion declines as time passes. The result shows that σ-convergence exists only among G20, OECD, lower-middle-income, higher-middle-income, and high-income countries. This fact implies that the income gap between poor and rich countries within those groups shrinks over time. In contrast, the income gap among low-income countries did not experience a significant decline during the period. Therefore, international organizations and partnerships must pay more attention to and assist lower-income countries to achieve higher growth rates.
The Role of Brand Image in Mediating Social Media Marketing and Customer Relationship on the Decision to Choose a Private University Trias Setyowati; Fefi Nurdiana Widjayanti; Naning Kristiyana
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp208-228

Abstract

This research aims to examine the impact of social media marketing and consumer relationships on the decision-making process regarding enrollment in private universities, as well as to assess their influence on the brand perception of these institutions. Additionally, it seeks to analyze how the perceived brand image affects the decision to enroll in a private university. The study targeted new students entering private universities in Jember Regency for the 2023/2024 academic year, using proportional random sampling methods for data collection via questionnaires. Statistical analysis and hypothesis testing were conducted using SEM-PLS methodology. Findings indicate that social media marketing significantly affects the decision to enroll in a private university, while consumer relationship factors do not. Moreover, both social media marketing and consumer relationships impact the brand image of private universities, which subsequently influences enrollment decisions. Indirect testing reveals that brand image serves as a mediating factor in the relationship between social media marketing, consumer relationships, and the decision to enroll in a private university.
Stakeholder Collaboration Strategy in the Development of Gegesik Kulon Tourism Village: A MACTOR Analysis Irma Suryahani; Dicky Satria Ramadhan; Suharno Suharno
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp179-195

Abstract

This study explores the development strategy of Gegesik Kulon, a potential tourism village in Cirebon that uniquely combines travel with cultural preservation. However, it faces challenges such as suboptimal tourism management and low carrying capacity among stakeholders. Additionally, this area has the highest poverty rate in Cirebon Regency. By utilizing the MACTOR method, this study identifies the involvement of stakeholders in the development process of the Gegesik Kulon Tourism Village. Through purposive sampling based on the Quadruple Helix concept, the study highlights the importance of collaboration among academics, local governments, tourists, and business actors. The results indicate that the main actors include Kuwu Gegesik Kulon, the Tourism Awareness Group, the Cirebon Regency Culture and Tourism Office, and academics, all of whom play a crucial role in the development of village tourism. These findings advocate for a development strategy that emphasizes stakeholder integration to promote sustainable tourism, ultimately aiming to enhance the economic viability and integrity of Gegesik Kulon's cultural tourism.
Political Perspective in Geo-Map Analysis: What is the Role of World Governance Indicators in Reducing Greenhouse Emission in ASEAN Countries? Ainina Ratnadewati; Evi Gravitiani; Nur Widiastuti; Arsetho Teguh Wicaksono
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp161-178

Abstract

This study aims to analyze whether world governance indicators can reduce greenhouse gas emissions in ASEAN countries. The data used is panel data of 11 ASEAN member countries in the period 2013 – 2020 with justifications before and after the Paris Agreement with panel regression methods and mapping using orange data mining geo maps. Empirical results show that political stability no violence, government effectiveness, corruption control, and the implementation of the Paris Agreement are able to reduce the amount of greenhouse gas emissions. It was concluded that the success of the Paris Agreement will occur when committed countries dare to carry out economic transformation. However, to achieve this, significant adjustments are needed, and all parties must have a uniform vision for achieving the net zero carbon target.
The Influence of Knowledge Management and Learning Organization on Competitive Advantage in Startups in Malang City with Organizational Creativity as a Mediating Variable (A Study on Startup Companies at Stasion Malang) Enaldi, Enaldi; Utami, Hamidah Nayati; Afrianty, Tri Wulida
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp1-23

Abstract

This study explores the impact of learning organization and knowledge management on competitive advantage, with organizational creativity as a mediating variable, within Malang’s startup ecosystem. Using a quantitative approach and Partial Least Squares Structural Equation Modeling (PLS-SEM), data were collected from 104 startups. Results reveal that Learning Organization (β=0.289, p0.05) and Knowledge Management (β=0.260, p0.05) significantly enhance Competitive Advantage. Both Learning Organization (β=0.249, p0.05) and Knowledge Management (β=0.523, p0.05) positively influence Organizational Creativity, which subsequently strengthens Competitive Advantage (β=0.374, p0.05). Organizational Creativity partially mediates the impact of Learning Organization (β=0.093, p0.05) and Knowledge Management (β=0.196, p0.05) on Competitive Advantage. The model shows that 50.9% of what affects creativity in organizations and 65.5% of what affects their competitive advantage can be understood from the data. This highlights how important creativity and knowledge are for staying competitive over time. Findings emphasize the strategic value for startups in integrating learning and knowledge frameworks to maintain competitive positioning. Findings emphasize the strategic value for startups in integrating learning and knowledge frameworks to maintain competitive positioning. These insights apply not just to startups but also to industries like manufacturing, healthcare, and education. By focusing on learning, managing knowledge well, and encouraging creativity, these sectors can boost innovation, work more efficiently, and become more adaptable. This will help them stay competitive over time.
Electricity Consumption, Roads and Their Infrastructure; Strategies to Increase Per Capita Income and Reduce Poverty in East Nusa Tenggara Dian Anggraeny Rahim; Atik Isniawati
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20, No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp97-112

Abstract

Low electricity consumption, restricted road length, and insufficient road infrastructure are believed to contribute to low per capita income and high poverty rates in East Nusa Tenggara. To substantiate this hypothesis, a study was undertaken in that province and the population are 21 districts and one city. This study analyzed data from 2019 to 2023 and utilized the Panel Data Regression analysis method. The findings of this study indicate that electricity consumption significantly impacts the increase in per capita income. Conversely, to alleviate poverty, the variable of road length exerts a significant influence. However, road infrastructure variables have shown no effect on boosting per capita income or reducing poverty. Formulation of strategies to diminish poverty while augmenting per capita income was conducted through the Analytical Network Process (ANP) analysis tool, involving nine stakeholders and decision-makers within the region.  ANP is a supportive tool in decision-making processes  that has many criterias and sub criterias. The agreed-upon strategy focuses on three primary priorities: enhancing community electricity consumption, extending road lengths, and enhancing road infrastructure.

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