cover
Contact Name
Rochmat Aldy Purnomo
Contact Email
purnomo@umpo.ac.id
Phone
-
Journal Mail Official
ekuilibrium@umpo.ac.id
Editorial Address
-
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 236 Documents
Sustainable Village Fund Allocation for Indigenous Communities: A Culturally Responsive Analysis of the Baduy of Indonesia Sumantri, Joko
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 1 (2026): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i1.2026.pp72-92

Abstract

This study examines the misalignment between Indonesia’s standardized Village Fund allocation system and the socio-cultural realities of indigenous communities, highlighting the need for Indigenous Budgeting Systems that better reflect customary governance structures and local priorities. Drawing on participatory budgeting theory, indigenous governance frameworks, and SDG Localization, the study critiques the limitations of uniform fiscal accountability mechanisms and develops a budgeting approach grounded in Local Wisdom-Based Development. The research employs qualitative fieldwork, including in-depth interviews with Baduy leaders, government officials, and financial managers, complemented by document analysis and thematic mapping. A weighted relevance scoring system is used to assess the alignment between all 17 SDGs and both the existing and proposed budgeting models. Findings indicate that the Baduy community rejects the current arrangement due to administrative burdens, documentation requirements, and infrastructure-oriented spending that conflict with customary norms. SDG 1, SDG 2, SDG 13, SDG 15, and SDG 16 emerge as the most relevant to Baduy development priorities. The proposed framework supports Village Fund Reform by emphasizing direct cash assistance, agricultural land expansion, and simplified accountability mechanisms aligned with oral traditions and customary law. The study situates its contribution within ongoing scholarly debates on indigenous public finance and SDG implementation, drawing on qualitative insights from the Baduy case to inform the design of more culturally responsive and context-sensitive budgeting reforms.
Sustainable Development in Central Sulawesi: A Quadrant Approach and Variables that Shape Sustainability nurnaningsih; Yohan, Yohan; Tallesang, Mukhtar; Rafika, Ika; Suirlan, Rita; Sindika Sari, Nurfadila; Christiani , Indah; Mustika
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 1 (2026): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i1.2026.pp268-287

Abstract

Sustainable development in Central Sulawesi is demonstrated by long-term disparities between regions, which highlight the imbalance between economic, social, and environmental aspects. This study set out to examine the regional sustainability performance and explain the underlying structural factors that contribute to the existing disparities. This study uses secondary data from 2021 to 2024 to create a Sustainable Development Index (SDI) and combines it with quadrant analysis to identify patterns of regional sustainability. It also uses data regression panels to test the main economic, social, and environmental determinants. The research results show that no regency or city has achieved a completely balanced sustainability position, with areas spread across the quadrants of underutilization, overexploitation, and ecological emergency. The econometric results show that human development, unemployment dynamics, and environmental quality excert a profound impact on sustainability, while economic growth and per capita GDP do not have a significant effect. Model fixed effects confirm there is strong structural heterogeneity across regions, highlighting the importance of spatial and institutional context. This study contributes to theory by improving the understanding of sustainable development and regional development, and it shows that regional sustainability inequality is formed in a structural way and cannot be explained just by growth-based indicators.
Digital Mindfulness, Algorithms, and Sustainability in Shopee Loyalty: Moderated by Consumer Spirituality and Digital Intelligence Abdul Rauf; Ismayudin Yuliyzar; Eka Hendra Priyatna; Ahmad Shabudin Ariffin; Liza Nora
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 1 (2026): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i1.2026.pp219-249

Abstract

The rapid growth of e-commerce platforms has intensified competition, making customer loyalty a strategic imperative. However, existing loyalty models often overlook the interplay between digital awareness, algorithmic personalization, and value-based consumption. This study aims to examine the direct and moderating effects of digital mindfulness, recommendation algorithms, and product sustainability on customer loyalty, with consumer spirituality and digital intelligence as moderators. Using a quantitative approach, data were collected from 250 Shopee users in Tangerang Raya and analyzed through Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results reveal that all three main variables significantly influence customer loyalty, with recommendation algorithms showing the strongest effect. Furthermore, consumer spirituality and digital intelligence positively moderate most relationships, although two interaction paths were statistically insignificant. The study contributes to the literature by integrating cognitive, technological, and ethical dimensions into loyalty formation. Its novelty lies in the dual moderation framework and the inclusion of spiritual and digital competencies as behavioral amplifiers. These findings offer theoretical enrichment and practical guidance for e-commerce platforms seeking to foster long-term loyalty through personalized, mindful, and value-driven strategies.
Productivity Changes in The Manufacturing Industry of East Java: An Application of the Malmquist Index Decomposition Analysis Utomo, Selamet Joko; Prabowo, Tripitono Adi; Prasetyo, Alvin Sugeng
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 1 (2026): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i1.2026.pp288-308

Abstract

This study examines the productivity performance of East Java’s total manufacturing industry using the Malmquist Productivity Index (MPI) approach, which decomposes productivity growth into Technological Change (TECH), Technical Efficiency Change (TECCH), and Scale Efficiency Change (SECH). The results show that the Total Factor Productivity Change (TFPCH) for the overall industry is greater than one, indicating a positive growth in productivity during the study period. The increase in SECH further suggests that industries are operating closer to their optimal scale of production. The findings imply that sustained productivity improvement requires continuous innovation, investment in technology, human capital development, and stronger supply chain integration. Therefore, strengthening local input industries, enhancing industrial clusters, and promoting digital transformation are essential strategies to ensure sustainable and competitive industrial growth in East Java’s manufacturing sector.
Public Spending and Income Inequality: Evidence from Indonesia Nazah Lailatus Syarifah; Yozi Aulia Rahman
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 1 (2026): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i1.2026.pp20-34

Abstract

Income inequality represents a persistent structural challenge that poses a serious threat to inclusive economic development in Indonesia. This study investigates the impact of public expenditure on education, health, and social protection, GRDP per capita, and poverty on income inequality across 34 provinces in Indonesia during the 2015–2023 period. The analysis applies the System Generalized Method of Moments (Sys-GMM) to address dynamic panel characteristics and intertemporal persistence, allowing for consistent and reliable parameter estimation. The empirical findings indicate that lag income inequality, education expenditure, per capita GRDP, and poverty significantly contribute to higher income inequality. In contrast, public spending on health and social protection does not exhibit a statistically significant effect. Overall, the results suggest that fiscal policy, particularly public expenditure allocation, has not yet operated optimally as an instrument for reducing inequality, highlighting the importance of more targeted and equity-oriented fiscal interventions.
Do Public Transfers Crowd Out Private Transfers to the Elderly? Evidence from Indonesia Evi Yulia Purwanti; FX Sugiyanto; Akhmad Syakir Kurnia
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 21 No 1 (2026): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v21i1.2026.pp182-198

Abstract

This research explores the potential for government transfer programs to replace or ‘crowd out’ private assistance, with a particular focus on the significant rise in public transfers in Indonesia. Previous studies have not thoroughly examined the relationship between public transfers and the existing network of private transfers. This study adds to the empirical literature on intergenerational transfers by investigating the crowding-out effects between public and private transfers in Indonesia. This research draws on data from wave 5 of the Indonesian Family Life Survey (IFLS-5), with 2,240 selected samples of adult children and elderly parent pairs (dyads). Probit models and ordinary least squares were used to estimate and examine the robustness of the connection between private and public transfers. This study reveals that pension benefits reduce adult children’s propensity to transfer income to elderly parents. This finding reinforces the crowding-out effect hypothesis. Meanwhile, social assistance benefits lead to an increased likelihood of adult children transferring finances to elderly parents, creating a crowding-in effect on private transfers due to public transfers in the form of social assistance. The findings indicate that the needs and capabilities of both parents and children are crucial factors influencing the flow of intergenerational transfers.