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Nur Sandi Marsuni
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Balance: Jurnal Ekonomi
Published by Universitas Muhammadiyah Makassar
ISSN : 18582192     EISSN : 26865467     DOI : 10.26618/jeb
Core Subject : Economy,
Economics, Econometrics & Finance
Balance: Jurnal Ekonomi has p-ISSN 1858-2192 and e-ISSN 2686-5467 published by the Development Economics Study Program of the Faculty of Economics and Business, Muhammadiyah University of Makassar, this journal publishes research articles in the field of Economics. This journal publishes research studies that use various qualitative and/or quantitative methods and approaches in the field of Economics. This journal aims to develop concepts, theories, perspectives, paradigms, and methodologies in the scope of Economics published twice a year, namely June and December. The scope of Balance: Journal of Economics covers Economics and Development, Economic Behavior, Islamic Economic System, International Economy as well as applied sciences of Statistical Economics, Macro and Micro. Article submissions are made using the Balance: Jurnal Ekonomi template accompanied by supporting documents in the form of: a statement of authorship, ethics, and a copyright statement, which can be downloaded on the main page of the Balance: Jurnal Ekonomi website. Balance: Jurnal Ekonomi has been single-reviewed by peer reviewers. The decision to accept or not accept scientific articles in this journal is the right of the Editorial Board based on recommendations from peer reviewers.
Arjuna Subject : -
Articles 375 Documents
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Implementation of Time Management Using the Critical Path Method (CPM) in the Construction of School Buildings Romadhani, Ocarullyta; Badi’ah, Roudlotul; Wicaksono, Arian Yusuf
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.17010

Abstract

Delays in school building construction projects are a recurring challenge that can significantly impact overall project timelines and budgets. This study aims to analyze time efficiency in project implementation by applying the Critical Path Method (CPM) to identify activities that have the greatest influence on the project's completion time. A descriptive quantitative approach was employed, with primary data collected through interviews and project documentation obtained from CV Prima Karya, a construction company actively involved in school building projects. The research utilized network planning and POM-QM for Windows software to generate a project schedule and calculate the earliest and latest start and finish times, slack, and critical activities. Results indicate that nine key activities lie on the critical path, including preparation, earthwork, foundation, concrete, iron work, roof covering, aluminum, wood, and key-glass installations. Acceleration analysis showed that reducing the project duration from 33 to 30 days increased the overall cost from IDR 179,584,643 to IDR 216,497,434. The cost slope analysis highlighted the additional expenses incurred due to time reduction on critical path tasks. The study concludes that CPM is effective for optimizing project duration and managing potential delays. It is recommended that companies adopt CPM during the planning phase to reduce inefficiencies and cost overruns. Future research should compare CPM with other scheduling techniques such as PERT or Gantt Charts to determine the most effective approach under varying project conditions.
A Theoretical Study of Multicollinearity and Linearity in Econometric Models for Economic Research Naufal, Muhammad Jiyad; Ompusunggu, Dicky Perwira; Sinaga, Rika Angelina; Sitohang, Marwindi Dola Anggia; Gunawan, Teresia Novita; Simatupang, Magdalena; Salsabila, Nur Syifa; Simanullang, Tesalonika; Hutasoit, Bobin Trianko
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.17031

Abstract

Multiple linear regression is a central analytical tool in econometric research used to model the relationship between a dependent variable and multiple independent variables. However, the accuracy and validity of such models are highly dependent on classical assumptions, particularly multicollinearity and linearity. Multicollinearity, characterized by high correlations among predictor variables, can inflate standard errors and obscure the true effects of individual variables. Linearity, meanwhile, ensures that the relationships between variables follow a straight-line pattern, which is essential for valid estimation and inference. This theoretical study aims to deepen the understanding of both assumptions, explore their causes, impacts, and identify methodological approaches for detection and correction. Employing a descriptive literature review method, the study synthesizes insights from contemporary econometric research to provide a conceptual framework for handling these issues. Key findings highlight that multicollinearity often arises from overlapping variables, small samples, and measurement errors, and can be addressed through variable elimination, transformation, or penalized regression techniques such as ridge and lasso regression. Linearity violations, frequently resulting from model misspecification or temporal dependencies, may be mitigated using data transformations, polynomial regression, or robust regression approaches. The study concludes that proper diagnostic tools and corrective strategies are essential for improving model reliability and enhancing the credibility of econometric findings in economic research.
Social Welfare in the Perspective of the Newspaper and Human Rights: Conceptual Study of Implementation in Orphanages AM, Memi Pratiwi; Abubakar, Achmad; Sohrah, Sohrah
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.17345

Abstract

This conceptual study explores the integration of Qur’anic principles on human rights and social welfare with a focus on orphanages as institutions that uphold the rights and dignity of vulnerable children. By employing a qualitative approach through thematic (maudu’i) interpretation of selected Qur’anic verses, supported by hadith and scholarly literature, this study investigates the implementation of Islamic values—such as justice, compassion, and social responsibility—in the operational frameworks of orphanages in Indonesia. Findings reveal that although the Qur’an does not explicitly articulate modern legal terminology of human rights, its core teachings promote universal principles including the right to life, dignity, education, and protection for orphans and the needy. Orphanages are seen as practical embodiments of these principles, providing care, shelter, education, and emotional support. However, many face systemic challenges, including limited resources, poor management, and lack of integration with broader social programs. This study contributes to the discourse by highlighting the need for institutional reform that aligns with both Qur’anic mandates and international human rights standards. Practical recommendations include enhancing institutional capacity, improving transparency, encouraging government–civil society collaboration, and fostering community involvement. The research underscores the Qur’an’s relevance as a moral foundation for social justice and offers a holistic framework for improving the welfare of orphans through faith-based and rights-based approaches.
Determinants of Gross Regional Domestic Product (GRDP) in Berau Regency Puspitasari, Lisa
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.18301

Abstract

This study aims to analyze the influence of the Human Development Index (HDI) and population size on the Gross Regional Domestic Product (GRDP) in Berau Regency. Economic growth, as reflected by GRDP, serves as a key indicator of regional development and is shaped by both human capital and demographic dynamics. HDI includes essential components such as education, health, and standard of living, which collectively reflect the quality of human resources. Meanwhile, population size is closely related to labor availability and consumption potential, both of which contribute to regional economic performance. This research utilizes secondary data sourced from the Central Bureau of Statistics (BPS) of Berau Regency covering the period from 2016 to 2022. Multiple linear regression analysis is employed to assess the relationship between the variables. The results reveal that the F-calculated value (14.578) exceeds the F-table value (6.94), indicating that HDI and population size simultaneously have a statistically significant effect on GRDP. Additionally, the significance value of 0.015—being less than the 0.05 threshold—confirms that both variables positively and significantly influence regional economic output. Based on these findings, it is recommended that local government authorities formulate strategic development policies that focus on enhancing the Human Development Index and maximizing the economic benefits of population growth to promote sustainable development. However, this study is limited by the use of only two independent variables and data confined to a single region and time frame, which may restrict the generalizability of the findings. Future research should consider incorporating additional variables, such as labor force participation, investment, or technological advancement, and expanding the geographical scope to provide more comprehensive insights.
Analyzing the Impact of Labor Force and Unemployment on Poverty Rates in Gowa District Ua, A. Nur Achsanuddin; Rusdi, Muh.; Maulana, Fajar
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.18603

Abstract

This study aims to analyze the influence of labor force participation and unemployment on poverty rates in Gowa Regency, Indonesia. Employing a quantitative research design, the study utilizes time series data from 2014 to 2023, collected through observation and documentation techniques. The data were analyzed using multiple linear regression with the assistance of SPSS version 2.5. The findings reveal that labor force participation has a negative but statistically insignificant effect on poverty rates. This is evidenced by a t-value of -1.120, which is lower than the critical value of 1.894, and a significance level of 0.300 (p > 0.05). These results suggest that while higher labor participation may contribute to reducing poverty, the relationship is not statistically significant. Additionally, unemployment is found to have a positive but similarly insignificant effect on poverty, with a t-value of 0.010 and a significance level of 0.992 (p > 0.05). These findings indicate that changes in labor force participation and unemployment rates do not have a significant direct impact on poverty levels in the region. The study contributes to the discourse on labor market dynamics and socioeconomic development, providing empirical evidence for policymakers in designing effective poverty alleviation strategies
The Influence of Interest Rates and Exchange Rates on Investment in Indonesia Hakib, Andi; Sonia, Belinda Girly; Kahar, Kahar
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.18608

Abstract

This study aims to analyze the influence of interest rates and exchange rates on investment in Indonesia. A quantitative research approach was employed, utilizing secondary data in the form of time series obtained from the Central Statistics Agency (BPS) and Bank Indonesia for analysis. The data were processed using multiple linear regression analysis, complemented by classical assumption tests and hypothesis testing. Data analysis was conducted using the Statistical Package for the Social Sciences (SPSS) version 22. The findings of the study reveal that interest rates have a significant negative effect on investment in Indonesia. This indicates that rising interest rates tend to discourage investment, as the cost of capital becomes more expensive, thereby reducing incentives for both domestic and foreign investors. On the other hand, the exchange rate has a significant positive effect on investment, implying that an appreciation of the domestic currency correlates with increased investment levels. A stronger currency may reduce the cost of imported capital goods and materials, thereby supporting investment growth. These results emphasize the critical role of effective monetary policy in regulating interest rates and maintaining exchange rate stability to foster a conducive investment climate. Policymakers are advised to consider the dynamics between macroeconomic indicators and investment flows in designing sustainable economic strategies. Overall, the study contributes to a deeper understanding of macroeconomic determinants influencing investment behavior in developing economies such as Indonesia.
Path Analysis of HDI Mediating Poverty and Unemployment Effects on Economic Growth in Indonesia Hasibuan, Andriansyah; Nasution, Kautsar Fatin Dharmawan; Fadiya, Feny; Pratiwi, Audina; Silaban, Putri Sari Margaret Julianty
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.18623

Abstract

Economic growth remains a central goal in Indonesia's development agenda, yet it is often hindered by persistent poverty and unemployment. This study investigates the mediating role of the Human Development Index (HDI) in the relationship between poverty, unemployment, and economic growth across 11 provinces in Indonesia during the 2014–2023 period. Using a quantitative approach and panel data analysis, the study employs path analysis to examine both direct and indirect effects. The results indicate that poverty significantly reduces HDI, and HDI significantly mediates the effect of poverty on economic growth. However, HDI does not significantly mediate the relationship between unemployment and economic growth. The Fixed Effect Model (FEM) was selected as the most appropriate model based on Chow, Hausman, and Lagrange Multiplier tests. The Sobel test confirms the significant mediating role of HDI in the poverty–growth pathway, but not in the unemployment–growth linkage. These findings underscore the importance of enhancing human development as a strategic policy tool to mitigate the negative impacts of poverty on growth. Conversely, the lack of mediation in the unemployment pathway suggests the need for direct employment generation programs. This study contributes to the literature by highlighting the nuanced role of HDI in regional development and offers practical implications for policymakers in aligning social and economic priorities.
Village Budget Use for Infrastructure: Case of Beringin Jaya, South Baebunta, North Luwu Jam’an, Andi; Asdar, Asdar; Fiqrizal, Fiqrizal
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.18625

Abstract

This study aims to analyze the utilization of the Village Budget (APBDes) for infrastructure development in Beringin Jaya Village, South Baebunta District, North Luwu Regency, and to identify the key factors affecting its effectiveness. A mixed-methods approach was employed, combining both quantitative and qualitative data, primarily drawn from the 2022 Village Budget documents. The data were analyzed using qualitative techniques, including data reduction, presentation, and verification. The results indicate that the allocation of the Village Budget significantly contributes to improving community welfare through infrastructure development. However, several challenges hinder its effectiveness, particularly in the planning, implementation, and monitoring phases. These challenges include limited financial resources, misalignment between infrastructure projects and community needs, low levels of community participation, and environmental threats such as flooding. To enhance the effectiveness and sustainability of rural infrastructure development, this study recommends improving village governance, promoting inclusive and participatory planning, and strengthening disaster risk mitigation strategies. These measures are essential to ensure that infrastructure development is both impactful and resilient in the long term.
Influence of Poverty and HDI on Economic Growth Through Unemployment in Sulawesi, 2011–2023 Damara, M. Deni; Noer, M. Raihan; Ananda, Bunga; Sitohang, Cindy Eleonora; Silaban, Putri Sari Margaret Julianty
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.18628

Abstract

This study investigates the influence of poverty and the Human Development Index (HDI) on economic growth, with unemployment serving as a mediating variable, across five provinces in Sulawesi from 2011 to 2023. Economic growth remains a critical indicator for regional development, and understanding the role of socioeconomic factors such as poverty, education, health, and labor dynamics is essential for policy formulation. The study employs a quantitative research design using panel data analysis, integrating path analysis techniques and the Sobel test to identify both direct and indirect effects among the variables. The empirical results show that poverty has no statistically significant effect on either the unemployment rate or economic growth, indicating that poverty alone may not directly influence macroeconomic performance in this context. Conversely, HDI exhibits a significant influence on both unemployment and economic growth, reinforcing the crucial role of education, health, and overall human development in shaping economic outcomes. However, the unemployment rate does not mediate the relationship between either poverty or HDI and economic growth, suggesting that other mechanisms may be more relevant in translating human development into economic progress. These findings emphasize the limited mediating role of unemployment and highlight the strategic importance of investing in human capital. As such, policy recommendations should prioritize improving access to quality education and healthcare services, while also promoting job creation programs. These initiatives are essential to foster inclusive, resilient, and sustainable economic growth across Sulawesi’s diverse provinces.
SWOT Analysis and Marketing Strategy in Hajj and Umrah Travel Business PT Prima Unggul Global Representative Maros S, Abdillah Reyhan; Pasigai, Moh. Aris; Salam, Abdul
Jurnal Ekonomi Balance Vol. 21 No. 1 (2025): June 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/jeb.v21i1.18629

Abstract

The purpose of this research is to explore the marketing strategy of Hajj and Umrah travel at PT. Prima Unggul Global, Maros Representative, using a SWOT analysis approach. This study is a descriptive research employing a qualitative method. Data were collected through interviews with seven informants, including company leadership, marketing staff, finance staff, tour guides, administrative personnel, Hajj/Umrah guides, and Hajj/Umrah agents. The data collection methods used in this study include observation, interviews, and documentation. Based on the results obtained through SWOT analysis, it can be concluded that PT. Prima Unggul Global, Maros Representative, possesses numerous internal strengths. By leveraging these strengths in conjunction with external opportunities, the company can optimize its marketing strategies to increase the number of pilgrims, ultimately advancing and expanding the business. Furthermore, by addressing both internal weaknesses and external threats, the company can develop anticipatory strategies to mitigate potential declines in the number of pilgrims. This proactive approach ensures that competitive pressures do not hinder the growth and sustainability of the travel business.

Page 36 of 38 | Total Record : 375

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