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Contact Name
Rochmat Aldy Purnomo
Contact Email
purnomo@umpo.ac.id
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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 203 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.
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.
Ability Locus of Control in Mediating Islamic Attitude and Knowledge on Financial Behavior Solihatun Nisak; Rahmat Agus Santoso
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.pp120-135

Abstract

The primary objective of this study was conducted (1) to test the influence of financial knowledge and locus of control on financial behavior, (2) to find the impact of Islamic financial attitudes toward financial conduct and Locus of Control, (3) to investigate influence the role of locus of control as a mediator between financial knowledge and Islamic finance attitudes in relation to financial behavior. Although the model concept used in this study has been explored previously, the specific indicators for the Islamic financial attitude variable have not been studied before.This research follows an explanatory approach, which involves testing hypotheses to understand the relationships between variables. The study included a sample of 130 Muslim farmers from Tuban Regency, selected through cluster sampling. Data analysis was conducted using SmartPLS3 software, employing Path Analysis as the analytical technique.Based on the data analysis and inquiry results, the study found that Islamic financial attitudes had a positive impact on individuals' financial locus of control and financial behavior. However, financial knowledge did not significantly affect financial locus of control and behavior.Furthermore, the locus of control was identified as a mediator between Islamic financial attitudes and individuals' financial behavior, indicating that it played a role in influencing financial behavior based on their attitudes towards Islamic finance. However, the locus of control was not capable of mediating the impact of financial knowledge on financial behavior.