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Contact Name
Rochmat Aldy Purnomo
Contact Email
purnomo@umpo.ac.id
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Journal Mail Official
ekuilibrium@umpo.ac.id
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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
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.
Banking Profitability Analysis: Company Cases on the Stock Exchange Indonesian Securities (BEI) Prince Charles Heston Runtunuwu; Hanafi Hussin
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 1 (2024): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i1.2024.pp73-91

Abstract

This study aims to investigate the impact of Loans to Deposit Ratio (LDR) on Return On Assets (ROA) in the context of banking institutions. LDR is used as an indicator of a bank's ability to meet obligations and credit demands, while ROA reflects the level of bank profitability. The signal theory is also adopted to explain the asymmetry of information between company management and other stakeholders. The data used in this study was obtained from banking institutions with sample consists of 25 banking companies listed on BEI during the 2016-2019 period. The results indicate that LDR has a significant impact on ROA. Higher LDR values indicate a larger amount of third-party funds channeled into credit, which in turn increases profitability through higher interest income. These findings are consistent with previous research indicating a positive relationship between LDR and ROA. The results of this study contribute to the understanding of factors influencing the financial performance of banking institutions. Banking practitioners and investors can use these findings as a basis for making better decisions in managing risks and enhancing profitability.
Halal Awareness, Brand Image, and Viral Marketing: Three Key Factors Influencing Purchasing Decisions for Halal Skin Care and Cosmetics Products in Pontianak Yasir Hudzaifah; Wulan Purnama Sari; Risa Andriyani
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 1 (2024): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i1.2024.pp42-58

Abstract

This research aims to determine the influence of halal awareness, brand image, and viral marketing on the purchasing decisions of halal skincare and cosmetic products (a study on Generation Z in  the environment of Muhammadiyah University Pontianak). The research is conducted within the Muhammadiyah University Pontianak environment. The population of this study includes all students of Muhammadiyah University Pontianak born between the years 1995-2010. The sample for this research consists of 200 students from Muhammadiyah University Pontianak. The data collection technique used is a questionnaire employing a Likert scale. The data analysis technique in this research uses Structural Equation Modeling (SEM) PLS with the SmartPLS Version 3.2.9 program. The results of this research show that halal awareness and brand image do not have a significant influence on purchasing decisions, whereas viral marketing has a positive and significant impact on purchasing decisions for halal skincare and cosmetic products among Generation Z in the Muhammadiyah University Pontianak environment. This study contributes theoretically by exploring the influence of halal product awareness, brand image, and viral marketing variables on purchasing decisions among Generation Z in a university setting. The findings enhance insights into academic literature related to halal skincare and cosmetics, even though halal product awareness and brand image are not significant. Practically, these findings provide guidance for industry practitioners to enhance marketing strategies, especially in the context of viral marketing that has proven to have a positive impact on purchasing decisions. The novelty of the research lies in its focus on Generation Z and the use of the Structural Equation Modeling (SEM) PLS analysis method, contributing to theoretical, practical, and methodological understanding in the context of marketing halal skincare and cosmetic products among Generation Z in a university environment.
Quality Improvement Efforts of DGT’s Internal Compliance Unit (Study at Yogyakarta Small Tax Office) Anika Mailina; Bachrudin K. Una; Hendi Yogi Prabowo
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 1 (2024): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i1.2024.pp92-106

Abstract

The Internal Control System is implemented in the organization as a prevention of fraud risk. The Directorate General of Taxes (DGT) already has an Internal Compliance Unit (hereinafter referred to as UKI) as the vanguard in internal control efforts. However, there are still cases of fraud and Hand-Arrest Operations at the DGT that have questioned the quality of UKI. This study aims to find the constraints experienced by UKI in carrying out internal control monitoring tasks as well as efforts that can be made to improve the quality of UKI. This research method is qualitative with a case study at the Yogyakarta Small Tax Office (STO). The types of data used are primary data and secondary data. Primary data is obtained directly from observations and interviews with informants in the field, while secondary data comes from documents, regulations, and data previously published to data users. The analysis technique was carried out by grouping data, coding, and then presenting a visualization of the results using NVivo 12 plus software. The results of the study found that the ways to improve the quality of UKI at STO are adhering to the Annual Monitoring Plan (RPT) guidelines, increasing the knowledge and soft skills of UKI staff, increasing the use of technology, segregating UKI duties and responsibilities.
Environmental Factors in Affecting Student Entrepreneurship Decision Agus Eko Sujianto; Mashudi Mashudi; Aliya Khansa
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 1 (2024): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i1.2024.pp59-72

Abstract

The aim of this research is to examine the influence of environmental factors on students' entrepreneurial decisions in Indonesia. Based on theoretical mapping and previous research, the results showed that the environmental factors in question are the internal and external environment. The research design used is quantitative, with the population consisting of alumni of the Master of Sharia Economics UIN SATU Tulungagung. Based on the distribution of questionnaires to 158 alumni, 123 respondents or 78% were obtained and the remaining 22% did not fill out the questionnaire. By analyzing data using regression, the results showed that there was a significant positive internal and external environment on entrepreneurial decisions. Respondents were motivated to become entrepreneurs because it has been their dream since birth, government policies are pro-entrepreneurship, open access to obtain financing, entrepreneurship has become a culture, and promises independence for an entrepreneur.
The Comparison of Circular Economy Analysis in Developed and Developing Countries Ratna Malisa Indriawati; Evi Gravitiani; Pramana Widya Samara
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 1 (2024): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i1.2024.pp1-17

Abstract

This study seeks to present a better understanding of knowledge about the circular economy by referring to literature studies in developed and developing countries during the observation period from 2006 to 2022. This study provides an overview of the bibliometric approach: time analysis, journal analysis, co-authorship analysis, keyword analysis, citation analysis, country analysis, and agency analysis. The level of research contribution in developed and developing countries tended to be low until 2016, increasing significantly in recent years. Keyword analysis reveals that Circular Economy has the highest contribution in 2019 for developed countries and in 2020 for developing countries. Then, the citation analysis shows that "Towards a National Circular Economy Indicator System in China: An Evaluation and Critical Analysis" has the highest citation. And China became the number one country for its contribution to circular economy publications globally. This study suggests that developed and developing countries collectively have a deeper understanding of the circular economy concept for sustainable green economic growth globally.
Inclusive Labor Market and Participation of Person with Disabilities: Case Study in Indonesia, Denmark, France, and Ireland Ananda Putri Pratama Suwitanty; Ni Putu Wiwin Setyari
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19, No 1 (2024): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i1.2024.pp149-161

Abstract

An inclusive labor market for persons with disabilities is one of the priority issues discussed in the G20, especially in the Employment Working Group (EWG) field. Typically, the number of individuals with disabilities participating in the labor market is lower than that of their non-disabled counterparts, mainly due to the company’s reluctance to hire disabled workers. This study aims to investigate the impact of disability on participation in the inclusive labor market. This research uses panel data from four countries - Indonesia, Denmark, France, and Ireland - spanning the years 2016 to 2021, sourced from the International Labor Organization (ILO). The variables used to determine the factors that influence the participation of individuals with disabilities in the labor market are their educational level, the number of disabled individuals in rural areas and their average income. By using the Fixed Effect Model, it is known that people with disabilities who have received education and the number of people with disabilities living in urban areas have a positive and significant effect on the participation of people with disabilities in the labor market. Meanwhile, the average income of people with disabilities has a negative and insignificant effect on the participation of people with disabilities in the labor market. Efforts to increase the participation of people with disabilities in the labor market are important as welfare reform, indicators of the success of inclusive development and poverty alleviation among groups of people with disabilities.