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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.
Arjuna Subject : -
Articles 12 Documents
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Search results for , issue "Vol 20 No 1 (2025): March" : 12 Documents clear
Rationality of Informal Sector Vendor Groups in Maintaining Business Santoso, Slamet; Wafirotin, Khusnatul Zulfa; Cahyono, Yeni; Wijayanti, Iin; Ayutika, Riza Dessy Nila
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 Role of Brand Image in Mediating Social Media Marketing and Customer Relationship on the Decision to Choose a Private University Setyowati, Trias; Widjayanti, Fefi Nurdiana; Kristiyana, Naning
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.
Does Cross-Country Income Convergence Occur? Thoifur, Ahmad
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.
Political Perspective in Geo-Map Analysis: What is the Role of World Governance Indicators in Reducing Greenhouse Emission in ASEAN Countries? Ratnadewati, Ainina; Gravitiani, Evi; Widiastuti, Nur; Wicaksono, Arsetho Teguh
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.
Electricity Consumption, Roads and Their Infrastructure; Strategies to Increase Per Capita Income and Reduce Poverty in East Nusa Tenggara Rahim, Dian Anggraeny; Isniawati, Atik
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.
Reconceptualizing Traditional Entrepreneurial Models for Women’s Economic Empowerment in Madura Firdaus, Vera; Aisyah, Aisyah; Nastiti, Dwi
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.pp42-61

Abstract

This study aims to identify the economic empowerment model of Madurese women by examining their entrepreneurial traditions, work culture, and self-efficacy. Women’s economic empowerment is a global issue highlighted in the Sustainable Development Goals (SDGs), particularly in SDG 8, which focuses on promoting decent work and economic growth. Enhancing women's economic participation contribute to overall economic development by generating employment opportunities in both large-scale industries and micro, small, and medium enterprises (MSMEs). Furthermore, women's empowerment aligns with SDG 5 on gender equality, emphasizing equal access to employment, education, self-actualization, leadership roles, and economic resources. This study underscores the urgency of facilitating women’s transformation into economically empowered individuals through entrepreneurship. A quantitative research design is employed, with primary data collected through questionnaires and supplemented by interviews, observations. The study’s population of consists of Madurese women from 10 sub-districts in Bangkalan. Using a multistage cluster sampling technique, 124 respondents were selected from five regions. Data analysis was conducted using multiple regression analysis, processed through Amos Structural Equation Modeling (SEM). The findings reveal that women's economic conditions and work culture significantly influence the entrepreneurial empowerment model. Moreover, the findings demonstrate that self-efficacy plays crucial role in directly enhancing the impact of women's economic empowerment on their entrepreneurial traditions.
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 Febrayanto, Catur Raharjo; Susiyanti, Fitri; Yulianto, Mohammad Agus; Nugraha, Muhammad Siwi; Hirbasari, Ira Amanda; Hanfan, Ahmad; Isni, Lusiana Indira
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.
The Effect of Marketing Activities on Profitability with Others Comprehensive Income as Moderation: Evidence from Southeast Asia Andriana, Ririn; Kusuma, Marhaendra; Mohd Kasim, Che Manisah; Barreto, Carlos Afonso
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.
Study on the Satisfaction Level of Lecturers and Educational Staff Towards the Quality of Remuneration Services Using the Service Quality Model at Muhammadiyah University Sorong Rawi, Rais Dera Pua; Lewenussa, Ramli; Setiawan, Hendra
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.pp24-41

Abstract

The purpose of this research is to analyze the factors that influence the quality of remuneration services for educators and educational staff at Universitas Muhammadiyah Sorong as a BLU and to analyze the impact of the quality of remuneration services on the satisfaction levels of educators and educational staff at Universitas Muhammadiyah Sorong as a BLU. The research method used is a survey with statistical testing. The sample used consists of the Implementing Elements and Academic Supporting Elements of Universitas Muhammadiyah Sorong, which represent all users of services at Universitas Muhammadiyah Sorong. Data analysis uses the Importance-Performance Analysis method. The research results show that all dimensions of remuneration service quality (tangible evidence, assurance, responsiveness, and reliability) have a positive and significant impact on satisfaction levels, except for the empathy dimension, which does not have a significant impact. The increase in satisfaction is more driven by the quick responsiveness of the remuneration service, followed by tangible evidence, reliability, and assurance. The implication for Muhammadiyah University of Sorong is the need to prioritize improvements in these dimensions in an effort to enhance the satisfaction of lecturers and educational staff through the provision of optimal remuneration services.

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