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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 221 Documents
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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.
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 Rais Dera Pua Rawi; Ramli Lewenussa; Hendra Setiawan
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.
Reconceptualizing Traditional Entrepreneurial Models for Women’s Economic Empowerment in Madura Vera Firdaus; Aisyah Aisyah; Dwi Nastiti
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.
Antecedents of Improving Service Performance Innovation in Food and Beverage Start Up Businesses Wahyuningsih, Sri Handari; Astuty, Isthofaina; Makarim, Habib Zhafran; Rizqi, Maulidyah Amalina
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20 No 2 (2025): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i2.2025.pp259-270

Abstract

Service innovation is currently a challenge for every business, including start-up food and beverage businesses in Yogyakarta. This study aims to test the importance of service performance innovation by considering positive Thriving at work behavior as a mediator, with antecedents of Leader Member Exchange (LMX) and co-worker support. The approach used in the study is a quantitative approach. The study was conducted by taking a Food and beverage startup business, a Cafe service in the Yogyakarta area. Using Path Analysis and Sobel test, the results show the influence of LMX on Thriving at work, the influence of co-worker support on thriving at work, and the influence of co-worker support on service performance innovation. The results of this study provide implications for the importance of building a model for improving business service performance innovation through positive thriving at work behavior and organizational processes, namely leader member exchange and co-worker support, especially in the context of the food and beverage business.
Analysis of the Altman, Springate, Zmijewski, and Grover Methods in Predicting Bankruptcy in Retail Electronics Sub Sector Companies Listed on the Indonesia Stock Exchange for the 2019-2022 Period Hartono, Arif; Dita, Wahyu Riskina; Ulfah, Ika Farida
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20 No 2 (2025): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i2.2025.pp341-353

Abstract

Companies with good financial conditions are able to maintain the stability of their operational activities so that profits can increase so that the company avoids the possibility of bankruptcy. The purpose of this study is to predict the potential for bankruptcy using the Altman, Springate, Zmijewski, and Grover methods and to measure the level of accuracy of each method in predicting bankruptcy in Electronic Retail Subsector Companies listed on the IDX for the 2019-2022 period. Bankruptcy is a condition that is not expected to occur in a company where the company is unable to carry out operational activities and its financial management stops. To analyze bankruptcy predictions, researchers use the Altman, Springate, Zmijewski, and Grover methods as measuring tools for predicting potential bankruptcy. This study uses a quantitative analysis method with a descriptive research type. The sample used in this study was 6 Electronic Retail Subsector companies listed on the IDX for the 2019-2022 period with a sampling method using saturated samples. Namely, all members of the population are sampled. The data collection method in this study uses financial report documentation. The results of the study show that the company that is predicted to have the most potential to go bankrupt is PT. Globe Kita Terang tbk using all four prediction methods. The bankruptcy prediction method used in this study with the highest level of accuracy is the Zmijewski and Grover method of 66.67%.
Dynamic Panel Data Analysis of the Human Development Index in Indonesia Astuti, Hartiningsih; Susilo, Joko Hadi; trifandha, siskha; Nkembo , Amon Frank
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20 No 2 (2025): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i2.2025.pp229-245

Abstract

The human Development Index is an important indicator for measuring people’s welfare. This study aims to determine the influence of household consumption, Gross Regional Domestic Product, investment, and government expenditure on the human development index (HDI) in 35 provinces in Indonesia for the period 2014-2023. Secondary data was sourced from the Central Statistics Agency and used to estimate the model, a dynamic panel approach was utilized, based on the Generalized Method of Moments. The results showed that Gross Regional Domestic Product (GRDP) has a significant influence on increasing the human development index (HDI), especially through increased consumption for education and health. In addition, achieving economic development in a country requires individual and collective human efforts in improving the quality of life. Important factors that must be built are the quality of human resources, facilities and infrastructure. Government spending focused on sectors that directly affect people's welfare can accelerate the improvement of the quality of human resources. This finding shows the importance of macroeconomic stability and fiscal policy effectiveness in supporting sustainable human development.
Uncovering The Spatial Variation of Factors Influencing Economic Growth: Empirical Evidence from East Java Santoso, Edy; Anggraini, Silvia; Hadipriyono, Teguh
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20 No 2 (2025): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i2.2025.pp246-258

Abstract

Inequality in economic growth across regions often reflects structural imbalances and the limited effectiveness of current development policies. Thus, it is essential to investigate the factors that influence regional growth dynamics. Economic growth is defined as the change in income and the production of goods and services within a specific region or country over a designated period. The varying levels of economic growth, measured by Gross Domestic Product (GDP), are expressed at constant prices during a defined timeframe. This research aims to analyze the impact of Profit-Sharing Funds (DBH), labor, and Gross Fixed Capital Formation (PMTB) on economic growth in East Java. The analysis employs Geographically Weighted Panel Regression (GWPR) to assess how each independent variable influences the dependent variable across various districts and cities in East Java. The findings reveal three regional classifications. The first classification includes regions where none of the predictor variables significantly affect economic growth, which applies to 37 districts including Trenggalek. The second classification identifies areas where LABOR does not serve as a significant predictor variable in the same 37 districts and cities across East Java. Finally, the third classification highlights regions where Profit Sharing Funds (DBH) are significantly relevant to economic growth, with the exception of Trenggalek. Additionally, Gross Fixed Capital Formation (PMTB) is identified as a significant variable for economic growth in the districts of Lumajang, Jember, Bondowoso, Situbondo, Probolinggo, Pasuruan, Sidoarjo, as well as Probolinggo City and Pasuruan.

Page 18 of 23 | Total Record : 221

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