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Contact Name
Rochmat Aldy Purnomo
Contact Email
purnomo@umpo.ac.id
Phone
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Journal Mail Official
ekuilibrium@umpo.ac.id
Editorial Address
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Location
Kab. ponorogo,
Jawa timur
INDONESIA
Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi
ISSN : 1858165X     EISSN : 25287672     DOI : -
Core Subject : Economy,
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 221 Documents
Analysis of Local Tax Efforts in Supporting Increasing Ponorogo Regency’s Original Local Government Revenue Arif Hartono; Yeni Alvionita
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (296.675 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp164-175

Abstract

This research was conducted at the Agency for Revenue, Financial Management, and Regional Assets of Ponorogo Regency, which aims to make an analysis of local tax efforts (tax effort) in supporting the increase in Ponorogo Regency's Original Local Government Revenue. This study uses analysis methods of local tax elasticity, analysis of local tax contributions, analysis of local tax effectiveness, and analysis of local tax efforts. The final results of this study showed that the average elasticity of local taxes during 2014-2020 is 2.30, meaning that the elasticity of local taxes in Ponorogo Regency falls within the elastic criteria. This shows the elasticity relationship between the growth rate of local taxes and the growth of GDP towards Local Revenue. The average rate of local tax contributions during 2013-2020 was 26.91% with moderate criteria. This means that local tax receipts during 2013-2020 are not the largest source of Local Revenue, as it only provides income to Local Revenue of 26.91% on average during the research year. The average rate of effectiveness of local taxes during 2013-2020 was 116.84% with very effective criteria. This means that local tax receipts during 2013-2020 illustrate the ability of local governments in realizing local revenues with targets set based on the potential of the regional rill. The average tax effort for 7 years (2014-2020) is 1.89%. This shows that the level of local tax efforts in Ponorogo regency has decreased over the last 7 years. The decrease in the level of tax effort occurs due to the decrease in GDP. Based on the results of the analysis, the Regional Government of Ponorogo Regency through the Original Local Government Revenue, Financial and Asset Management Agency can continue to improve the local tax collection mechanism because it is proven to be able to provide a large contribution to Original Local Government Revenue.
The Performance of MSMEs: a Comprehensive Approaches based on Resource, Customers, Suppliers, and Characteristics of MSMEs Sri Wahjuni Latifah; Ahmad Waluya Jati; Mudrifah -
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (370.655 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp176-189

Abstract

This study focuses on MSMEs performance evaluation because they have unique features such as not having a quantifiable objective, not having a record of company operations, but being able to absorb surrounding labor and improve the community's welfare. MSMEs' short-term objective is to annex the company's profit and sales performance. This research aims to construct a measurement model of MSMEs Performance based on resource factors, customers, suppliers, and characteristics of MSMEs in influencing MSMEs' performance. The data was collected by spreading questioner through google form to MSMEs managers assisted by PLUT Batu city and Malang City. The data analysis techniques are carried out qualitatively, and hypothesis testing is carried out with SEM-PLS analysis. The results showed that the factors of resources, customers, and characteristics of MSMEs could measure MSMEs performance, while the supplier factor does not affect the performance of MSMEs
Effects of Poverty, Income Inequality and Economic Growth to Environmental Quality Index (EQI) in 33 Province in Indonesia 2014-2019 Anisa Bella Pertiwi; Aulia Hapsari Juwita; Suryanto Suryanto
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (220.372 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp154-163

Abstract

Shifting from the agriculture sector to the service sector has made Indonesia's economy rapidly grow and therefore a degradation in environmental quality. The degradation of the Environmental Quality Index (EQI) in 2019 is mostly caused by an increasing water pollution level. Income inequality and poverty in Indonesia is a problem that also causing the EQI degradation. There are 2 purposes of this article which are (1) to find out the effect of income inequality, poverty, and economic growth toward EQI (2) to find if there is causality between economic growth and EQI. The approach used in this article is a quantitative approach with a type of data is secondary data. This article used panel regression with Random Effect Model (REM) by combining cross-section data from 33 provinces in Indonesia and time-series data from 2014 – 2019. The causality between economic growth and EQI is calculated by using Granger Causality. The result shows that (1) economic growth and income inequality have a negative significant relationship toward EQI, but poverty hasn’t affect to EQI (2) There is no causality between economic growth and EQI because EQI can not affect economic growth.
The Growth Pattern and Potential Development of Manufacturing Industry in East Java Ida Nuraini; Arfida Boedi Rochminarni; Happy Febrina Hariyani
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (567.145 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp129-138

Abstract

The manufacturing industry in East Java has an important role in supporting the economy so that its development must be evenly distributed throughout all districts and cities. This research aims to: 1) measuring the performance of the manufacturing industry, 2) mapping the growth patterns of the manufacturing industry, 3) describing which district/cities in East Java have the potential to be developed and 4) knowing which variables determine the performance of the manufacturing industry. The research objects are 9 cities and 29 districts. The data used is secondary data sourced from the Central Statistics Agency. The data is processed by sharing output contribution analysis, labor absorption contribution, Klassen typology analysis and panel data regression analysis. The results showed that the performance of the industrial sector was very low and uneven between regions, the rate of employment in the industrial sector was also low in all regions. The growth pattern of the industrial sector in 22 districts/cities in the Relatively Underdeveloped classification and 15 districts/cities in the Potential classification and 1 district in the Forward Depressed classification. Inflation variables and the number of business units have a significant effect on industry performance.  For this reason, it is recommended that local governments be able to control the inflation rate and be able to provide stimulus or policies to the industrial sector in order to increase productivity and performance.
Strengthening Institutional Capacity of Guitar Cluster: Implementation of DEA and MACTOR Muzakar Isa
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (254.844 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp107-116

Abstract

This study aims to analyze the efficiency level of the use of guitar input and the output acquisition in guitar production and to analyze the influence and interests of stakeholders in the guitar industry. This study used a mixed-method approach. The research object is guitar business units that conduct production process, in which many business units only perform the production process with subcontracts from collectors and large producers. Efficiency and stakeholder analysis were used to determine the level of business efficiency and mapping of stakeholders in the guitar cluster. The results show the efficiency level of the guitar business was low. In general, the guitar business had not been efficient in using input and producing output. The inputs that led to the insufficient business were the number of labors and labor costs, while the outputs that caused inefficient business are turnover and profit of the business unit. The cluster organization needed to be improved by involving various key stakeholders in the development of guitar clusters and maintaining the sustainability of the guitar business.
A Study of Service Speed and Servicescape as a Basic Strategy to Improve Loyalty by Evaluating Customer Satisfaction at PT. Bank Mandiri Persero (Solo Branch) Siti Fatonah; Tulus Haryono; Pramesty Wahyu Istyaningsih
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (355.003 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp190-197

Abstract

This study aims to determine and analyze empirically the effect of service speed and servicescape on customer satisfaction and loyalty at PT. Bank Mandiri Persero (Solo Branch). The analysis technique used was the validity test and reliability test, linearity test, regression analysis, path analysis, t test, F test, determination coefficient test and correlation analysis. Hypothesis Test Results indicated that service speed has a positive and significant effect on customer satisfaction and servicescape has a positive and significant effect on customer satisfaction. Service speed has a positive and significant effect on customer loyalty. Servicescape has a positive and significant effect on customer loyalty. Customer satisfaction has a positive and significant effect on customer loyalty. The results of F in the second equation showed that the value of F = 288.445, with a significance of 0.000 0.05, so it can be concluded together that the independent variables have a significant effect on customer loyalty at PT. Bank Mandiri Persero (Solo Branch). The results of the R2 value can be explained by the variable service speed, servicescape, and customer satisfaction as an intervening variable of 92.6% and the remaining 7.4% explained by other variables outside the research model in the form of interest rates, service quality, and so on. The results of the path analysis showed that: the indirect effect of service speed on loyalty is an effective route. The indirect effect of the servicescape on loyalty is an effective route. Based on these results, the use of customer satisfaction mediation is proven, so it is expected that PT. Bank Mandiri Persero (Solo Branch) pays more attention to the level of customer satisfaction in order to increase customer loyalty.
The Mediation of Islamic Social Reporting to Influence the Islamic Corporate Governance on Firm Value (Study on Islamic Banking in Southeast Asia 2012-2016) Sardiyo Sardiyo; Martini Martini
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (277.467 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp139-153

Abstract

This study investigates Islamic social reporting as an intervening variable between Islamic corporate governance to firm value. The method used purposive sampling with the samples of 11 sharia banks listed on Bursa Malaysia and Indonesia in 2012-2016. The analysis used path analysis with warp partial least square to examine the mediation effect of Islamic social reporting. Indicators for measuring Islamic corporate governance used accountability, transparency, responsibility, and fairness. Indicators measured firm value using price to book value ratio and price to earnings ratio. Indicators for measuring Islamic social reporting used investment and finance, products and services, labor, community, environment, and corporate governance. The results described Islamic corporate governance had a significant positive effect on firm value. Islamic corporate governance showed a significant positive impact on Islamic social reporting. Islamic social reporting had a significant negative effect on firm value, so it is concluded that Islamic social reporting is unable to mediate between the influence of Islamic corporate governance on firm value. This confirms that sharia banking with good Islamic corporate governance would improve Islamic social reporting and firm value, while Islamic social reporting runs well could not respond to investors as information needed in decision making to increase firm value.
Analysis of MSMEs Recovery using Digital Technology in the Covid-19 Pandemic Era Aviza Dwi Amalia; Fadilla Citra Melati
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16, No 2 (2021): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (456.445 KB) | DOI: 10.24269/ekuilibrium.v16i2.2021.pp117-128

Abstract

The goal of this study is to examine the MSMEs sector's defense and recovery from the COVID-19 pandemic's slump. Not only is the COVID-19 epidemic wreaking havoc on people's health, but it's also wreaking havoc on the global economy, which has seen a substantial drop. Because the MSMEs sector was formerly a large contributor to Indonesia's Gross Domestic Product, it is one of the sectors most hit by the COVID-19 epidemic. More than half of all MSMEs had previously gone bankrupt and had to close their doors. The drop in product demand resulted in a fall in MSMEs actors revenue turnover, which had an impact on the laid-off workforce. However, in light of the current circumstances and conditions, the government and MSMEs owners are not powerless to find a way out of this downturn. In this epidemic era, the government has partnered with digital e-commerce platforms like as Lazada, Shopee, Bukalapak, Tokopedia, and others to give facilities for MSMEs players to survive and grow their businesses. Furthermore, MSMEs owners take use of the potential of social media to advertise their MSMEs goods, allowing them to continue their company without having to meet with potential customers face to face. Even though the COVID-19 epidemic has not yet finished, this is projected to turn MSMEs into national economic restorers.
Total Factor Productivity Calculation of the Indonesian Micro and Small Scale Manufacturing Industry Endang Rostiana; Horas Djulius; Gugum Mukdas Sudarjah
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 17, No 1 (2022): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (891.897 KB) | DOI: 10.24269/ekuilibrium.v17i1.2022.pp54-63

Abstract

The purpose of this research is to determine the total factor productivity (TFP) of Indonesia's micro and small-scale manufacturing industries. The production function estimation approach established by Levinsohn-Petrin as the basis for computing TFP is employed in this study, with value added as the dependent variable and the value of labor costs and capital value proxied by the value of investment as the independent variables. This study uses secondary data from the Central Statistics Agency (BPS), which includes 23 sub-sectors of Indonesia's micro and small scale manufacturing industries that are included in the 2-digit ISIC, with the exception of the ISIC code 19 sub-sector, and covers the years 2010 to 2019, excluding 2016. The TFP value in the micro-scale Indonesian manufacturing industry was often higher than the TFP value on the small scale, according to this study. This research also demonstrates that low-tech sub-sectors, such as the food processing industry, have low productivity. On a small size, the estimated TFP value shows a decreasing trend, but on a micro scale, the estimated TFP value indicates an increasing trend.
Global Crisis and Economic Fundamentals: Its Impact on Foreign Direct Investment in ASEAN Countries Idah Zuhroh; Harpiyansa Harpiyansa
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 17, No 1 (2022): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (557.799 KB) | DOI: 10.24269/ekuilibrium.v17i1.2022.pp91-101

Abstract

Foreign direct investment has an important role in the running of a country's economy. This study aims to analyze the role of macroeconomic fundamentals consisting of Gross Domestic Product (GDP), interest rates, exchange rates, and exports in influencing Foreign Direct Investment (FDI) in the ASEAN 6 region (Indonesia, Malaysia, Singapore, Thailand, the Philippines, and Vietnamese). The data used are from 1990-2019 sourced from the World Bank and UNCTAD. The method used is panel data regression and time series with the best model selection, namely the Random Effect Model. The results of panel data analysis show that GDP, interest rates, exchange rates, and exports are the determinants of FDI in ASEAN 6 with a significant probability value. The positive direction coefficient is indicated by the GDP and exchange rate variables, while interest rates and exports indicate a negative direction coefficient. The results of the time-series data confirm that each country has similar results in the panel data analysis, but interest rates in Malaysia have the largest negative effect on FDI in Malaysia. Meanwhile, the exchange rate and exports contributed positively with the largest coefficient for Indonesia. The 1998 and 2008 economic crises were also found to have a negative impact on FDI but not significantly in some countries. 

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