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Contact Name
Rochmat Aldy Purnomo
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purnomo@umpo.ac.id
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ekuilibrium@umpo.ac.id
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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
Does Management Efficiency have any Influence on Job Satisfaction? Nurul Badriyah; Abid Muhtarom; Yunni Rusmawati DJ; Titin Titin; Mahameru Rosy Rochmatullah; Chabib Hasan Imam Al Farid; Ardyan Firdausi Mustoffa
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 2 (2024): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i2.2024.pp260-275

Abstract

Recently, there has been a growing global need for washing services worldwide. This surge has significantly influenced the growth of washing enterprises in all nations, including Indonesia. Nevertheless, this nation's expansion of the laundry sector has led to fierce rivalry. Many laundry businesses have failed to compete because they could not effectively implement efficient human resource management. This study aims to analyze the impact of efficiency management on employee satisfaction by identifying remedies to maintain the sustainability of the laundry sector. This study primarily examines the management of human resource efficiency, emphasizing four dimensions: leadership style, work environment, rewards, and work motivation. This study examines the role of employee performance accomplishment as a mediator. This study uses structural equation modeling (SEM) approaches to quantitatively test data from 135 respondents. The results of this study suggest that the leadership style, work environment, and rewards that align with employee preferences have a substantial impact on employee job satisfaction. It means that efficient human resource management that emphasizes these three dimensions is critical to the success of laundry businesses facing intense competition. Theoretically, this study has successfully addressed the gap in previous studies. Practically, this study can provide valuable information to practitioners in enhancing the competitive edge of their laundry business.
Impacts of Sanitation Practices on Human Development: A Decade-Long Analysis of the Malang District Angga Dheta Shirajjudin Aji; Sapta Suhardono; I Wayan Koko Suryawan; Wisnu Prayogo
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 2 (2024): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i2.2024.pp276-288

Abstract

This study explores the influence of various sanitation practices on the Human Development Index (HDI) in the Malang District from 2011 to 2020. Employing a multiple linear regression analysis, the research examines the relationship between the HDI and five critical sanitation practices: access to wastewater treatment plants, open defecation prevalence, septic tank usage, and direct waste disposal into water bodies and onto land. Secondary data was sourced from the Badan Pusat Statistika of Malang District, ensuring robust and authoritative information spanning over a decade. Preliminary diagnostics were performed to affirm the data's suitability for regression analysis. The results indicated a significant negative impact of direct disposal into water bodies on HDI, emphasizing the critical role of effective waste management practices in promoting human development. The study underscores the need for integrated policy approaches that address sanitation infrastructure improvements, environmental protection, and education on public health practices. This paper contributes to the literature by quantifying the effects of sanitation on human development over an extended period. It offers evidence-based recommendations for policymakers to support sustainable development goals in the region.
Kangaroo Market Phenomenon: Identification and Impact on Indonesia’s Economic Growth Saifullah Fatah; Hardius Usman
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 19 No 2 (2024): September
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v19i2.2024.pp289-308

Abstract

The stock market holds a crucial role in a country's economy, including Indonesia. As an indicator, the Jakarta Composite Index (JCI) experiences volatility alongside changes in the Indonesian economy. The presence of a kangaroo market in JCI returns can pose a risk of future economic slowdown, making it crucial for monetary authorities to intervene to stabilize the stock market. Therefore, this study identifies the kangaroo market phenomenon, structural economic changes, and the impact of the kangaroo market phenomenon on Indonesia's economic growth. The study focuses on many variables, including JCI returns, kangaroo market, and economic growth from Q3 1995 to Q4 2023. By using the Hodrick-Prescott Filter to define a kangaroo market as JCI returns that lack a deterministic trend, have high volatility, and deviate by one standard deviation from their volatility trend, the results show that most kangaroo phenomena occur during undervaluation. Following the kangaroo market phenomenon, Indonesia's economy underwent five structural changes based on the multiple breakpoint test. Using dynamic linear regression, the overvaluation kangaroo phenomenon negatively affects Indonesia's economic growth, while the undervaluation kangaroo phenomenon has no impact but shows a positive direction.
Rationality of Informal Sector Vendor Groups in Maintaining Business Slamet Santoso; Khusnatul Zulfa Wafirotin; Yeni Cahyono; Iin Wijayanti; Riza Dessy Nila Ayutika
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.pp196-207

Abstract

Informal sector vendors have now penetrated every city. This phenomenon is interesting to study further, especially their rational efforts to maintain their business. This study aims to determine how the rationality of informal sector vendor groups works in running and maintaining their business. Studying rationality becomes important because, for base consideration, it is important that they run in the group so that they are capable of maintaining their efforts until the moment. This study uses a social definition paradigm with a qualitative approach and a case study research type. The data collection methods used are in-depth interviews and observations. Data analysis uses interactive model analysis with data validity checks by triangulation. The study results show that informal sector vendors do not run informal sector vendors individually and separately, but their vendors are run in groups. The existence of these groups is important because they can help each other or help each other, support each other's vendors by maintaining harmony and mutual respect between each other so that they can run and maintain their business. The rationality of informal sector vendors is included in the type of value rational action (Werk Rational).
The Role of Brand Image in Mediating Social Media Marketing and Customer Relationship on the Decision to Choose a Private University Trias Setyowati; Fefi Nurdiana Widjayanti; Naning Kristiyana
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.pp208-228

Abstract

This research aims to examine the impact of social media marketing and consumer relationships on the decision-making process regarding enrollment in private universities, as well as to assess their influence on the brand perception of these institutions. Additionally, it seeks to analyze how the perceived brand image affects the decision to enroll in a private university. The study targeted new students entering private universities in Jember Regency for the 2023/2024 academic year, using proportional random sampling methods for data collection via questionnaires. Statistical analysis and hypothesis testing were conducted using SEM-PLS methodology. Findings indicate that social media marketing significantly affects the decision to enroll in a private university, while consumer relationship factors do not. Moreover, both social media marketing and consumer relationships impact the brand image of private universities, which subsequently influences enrollment decisions. Indirect testing reveals that brand image serves as a mediating factor in the relationship between social media marketing, consumer relationships, and the decision to enroll in a private university.
Does Cross-Country Income Convergence Occur? Ahmad Thoifur
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.pp62-75

Abstract

Income is one of the most popular dimensions for measuring welfare and development; hence, comparing welfare and well-being among countries can be conducted by comparing their per capita income. While income convergence is a certain implication in neoclassical growth theory, it does not always occur empirically. This study aims to investigate whether income convergence occurs among economies. Employing data from 93 countries from 1980 to 2022 obtained from the World Bank, the two-way fixed effect panel model is implemented to verify the existence of β-convergence. The result shows that the initial per capita gross domestic product, representing income, negatively affects income growth, indicating that β-convergence occurs in terms of global and club convergence. This implies that poor countries grew faster than affluent countries. After β-convergence is confirmed, σ-convergence is analyzed by measuring the income dispersion across countries over time. σ-convergence exists if the dispersion declines as time passes. The result shows that σ-convergence exists only among G20, OECD, lower-middle-income, higher-middle-income, and high-income countries. This fact implies that the income gap between poor and rich countries within those groups shrinks over time. In contrast, the income gap among low-income countries did not experience a significant decline during the period. Therefore, international organizations and partnerships must pay more attention to and assist lower-income countries to achieve higher growth rates.
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.
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.
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.
Impact of the Covid 19 Pandemic on the Quality of Good Local Government Governance in Indonesia Khairudin Khairudin
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.pp113-142

Abstract

The aim of this research is to assess the impact of the Covid-19 pandemic on the quality of good local government governance. This study involved all provincial governments in Indonesia with observation years 2019 and 2020. The assessment of the quality of good regional governance was measured using the Principal Component Analysis method. The test was carried out by comparing the value of the good regional governance index in the year before the Covid-19 outbreak with the value of the good regional governance index in the year of the Covid-19 outbreak. The findings showed that the governance index of all provincial governments in 2020 decreased by an average of 0.68 points or 10.82% so that the Covid-19 Pandemic in Indonesia has reduced the quality of regional governance. Therefore, all stakeholders need to be more serious in building the principles of good governance from planning to control to maintain quality, even in crisis situations.

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