Nomico is a peer-reviewed open access international journal with the aim of disseminating the results of research, study, and development in the economic and finance, particularly in the fields of (1) accounting, (2) management, (3) capital markets, (4) business law, (5) taxation, (6) information systems, as well as other areas of economics and finance. All submitted manuscripts will be reviewed by the editors and then evaluated by a minimum of two International Reviewers through a double-blind review process. This is to ensure the quality of manuscripts published in the journal. Journal title : Nomico Initials : NJ Frequency : 12 (twelve) times a year DOI : 10.62872 ISSN Online : 3046-6318 Editor in Chief : Dr. Ifada Rahmayanti, SE, MM Managing Editor : Muh. Adzam, S.Stat., M.Sc. Assistant Editor : Dr. Yusran Zainuddin. M. M Publisher : PT. Anagata Sembagi Education Accreditation : Index Copernicus International
Branding and Product Packaging Mentoring for SMEs (UMKM) to Increase Product Selling Value
Small and medium enterprises (UMKM/SMEs) in Indonesia face persistent challenges in marketing and product competitiveness, largely due to the absence of consistent branding and professional packaging. This community service study aimed to assess the impact of structured branding and packaging mentoring on the selling value of UMKM products in Yogyakarta, Indonesia. Using a participatory action research (PAR) approach, the program engaged 25 UMKM participants across five activity stages: branding workshop, logo design assistance, packaging design training, market simulation trial, and monitoring and evaluation. Quantitative pre-post assessments and qualitative interviews were employed to measure outcomes. Results demonstrated a significant increase in brand awareness (from 23% to 71%), average selling price (from IDR 8,500 to IDR 14,200 per unit), and packaging compliance with BPOM labeling standards (from 12% to 88%). Monthly revenue among participants rose by an average of 81%. The findings confirm that integrated branding and packaging mentoring constitutes an effective intervention to enhance the economic competitiveness of Indonesian SMEs, with implications for community development programs and public policy supporting UMKM sustainability
Copyright (c) 2026 Budi Margono, Hilmi Wiranawata (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role of Internal Audit in Risk Management Implementation in Regional Government Agencies (OPD) of Indragiri Hilir Regency Ria Febrina
This study aims to analyze the role of internal audit as a watchdog, consultant, and catalyst in the implementation of risk management in Regional Government Agencies (OPD) of Indragiri Hilir Regency. Risk management is a fundamental activity for any organization that wishes to achieve its strategic goals and objectives. In the context of local government, internal audit plays a strategic role not only as a supervisory body but also as a consulting partner and catalyst for change. The research employs a quantitative approach using Partial Least Square-Structural Equation Modeling (PLS-SEM) with data collected through questionnaires and interviews distributed to government internal auditors across OPD units in Indragiri Hilir Regency. The population consists of all government internal auditors in the regency, with cluster sampling used as the sampling method. The study examines three independent variables watchdog role (X1), consultant role (X2), and catalyst role (X3) and their influence on risk management implementation (Y) as the dependent variable. Findings are expected to contribute to the body of knowledge on public sector risk management and provide practical guidance for policymakers and practitioners involved in local government governance and accountability.
Copyright (c) 2026 Ria Febrina (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence of Budgeting, Human Resources, and Leadership on Transparency and Accountability in Village Fund Management with Community Participation as a Moderating Variable
This research is motivated by the importance of transparency and accountability in Village Fund management as key indicators of village governance success. Although Village Fund allocations have continuously increased, various problems remain in management practices, particularly regarding low transparency and accountability. This study aims to analyze the influence of budgeting, human resources (HRM), and leadership on transparency and accountability in Village Fund management, with community participation as a moderating variable. A quantitative approach with explanatory research design was employed, using primary data collected through structured questionnaires. The analytical technique used is Structural Equation Modeling-Partial Least Squares (SEM-PLS). Results show that budgeting, HRM, and leadership have a positive and significant influence on both transparency and accountability. Furthermore, community participation is proven to significantly strengthen these relationships. These findings indicate that good Village Fund governance is not only influenced by internal factors of the village government, but also by the active involvement of the community. Thus, improving the quality of budgeting, HRM capacity, leadership, and community participation are key to achieving optimal transparency and accountability in Village Fund management.
Copyright (c) 2026 Novriani Susanti, Achmad Hizazi, Mukhzarudfa Mukhzarudfa, Enggar Diah Puspa Arum (Author) https://creativecommons.org/licenses/by-sa/4.0
Determinants of Audit Quality in the Digital Era: The Influence of Audit Tenure, Artificial Intelligence, and Firm Complexity
The rapid development of digital technology has transformed the auditing environment, influencing the determinants of audit quality in modern organizations. The integration of digital systems, advanced data analytics, and Artificial Intelligence (AI) has changed how auditors collect, analyze, and evaluate financial information. Alongside these technological developments, traditional factors such as audit tenure and firm complexity continue to play important roles in shaping audit outcomes. This study aims to examine the influence of audit tenure, Artificial Intelligence adoption, and firm complexity on audit quality in the digital era. This research employs a quantitative approach using secondary data obtained from audited annual reports and financial statements of publicly listed companies. The sample was selected using purposive sampling, and the collected data were analyzed using multiple linear regression analysis to examine the relationships between the independent variables and audit quality. The results indicate that audit tenure and Artificial Intelligence adoption have a positive and significant effect on audit quality, suggesting that longer auditor–client relationships improve auditors’ understanding of client operations while AI enhances the efficiency and accuracy of audit procedures. Meanwhile, firm complexity does not have a significant effect on audit quality, indicating that auditors are generally capable of managing complex organizational structures through standardized audit practices and technological support. The study concludes that the transformation of the audit environment in the digital era has shifted the determinants of audit quality toward a combination of professional experience and technological capability, highlighting the strategic role of Artificial Intelligence in improving modern audit practices.
Copyright (c) 2026 Nada Cantika Putri Kadua (Author) https://creativecommons.org/licenses/by-sa/4.0
Gig Economy and the Future of Work: Opportunities and Challenges in the Modern Economy
The rapid expansion of digital platforms has transformed labor market structures and accelerated the rise of the gig economy as a prominent feature of the modern digital economy. Gig work offers flexible, task-based, and platform-mediated employment opportunities that differ substantially from traditional employment arrangements. This study aims to analyze the economic opportunities created by the gig economy, the challenges faced by gig workers, and their implications for the future of work. This study employed a qualitative descriptive method with a descriptive-analytical approach. Data were collected through semi-structured interviews with gig workers, field observations, and documentation of relevant academic and policy sources. The collected data were analyzed using qualitative content analysis, thematic analysis, and comparative interpretation to identify patterns related to flexibility, income opportunity, labor precarity, social protection, and platform governance. The findings show that the gig economy provides major advantages in terms of work flexibility, broader market access, and alternative income generation, making it attractive for youth, women, and workers with limited access to formal employment. However, these opportunities are accompanied by significant challenges, including unstable income, limited social protection, legal ambiguity, algorithmic control, and psychosocial pressure. The discussion indicates that gig work is not merely an innovative labor model but also a site of emerging labor vulnerability in the digital era. In conclusion, the gig economy reshapes the future of work by expanding labor flexibility while simultaneously intensifying the need for adaptive labor regulation and worker protection.
Asset Misappropriation: a Fraud Hexagon Theory Perspective with Integrity as a Moderating Variable in the Public Sector (An Empirical Study of Regional Government Organizations in Jambi Province)
Fraud has become a critical issue that can threaten accountability and performance in the public sector. One common form of fraud is asset misappropriation, which has the potential to cause significant financial losses to the state. This study aims to examine the effect of the fraud hexagon on asset misappropriation, with integrity as a moderating variable, within Regional Government Organizations (OPD) in the Provincial Government of Jambi. The approach used was quantitative, with data collection techniques through questionnaires distributed to state civil servants. Data analysis was conducted using the Partial Least Square (PLS-SEM) method. The results showed that pressure and opportunity significantly influenced asset misappropriation, while rationalization, capability, arrogance, and collusion did not. These findings indicate that asset misappropriation in the local government sector is more influenced by pressure and opportunity than other factors. Furthermore, integrity was proven to weaken the influence of pressure on asset misappropriation, but was unable to moderate the influence of opportunity, rationalization, capability, arrogance, and collusion. These results confirm that integrity plays a role as a value-based internal control, but cannot replace the function of a strong internal control system. Therefore, efforts to prevent asset misappropriation need to be implemented by strengthening individual integrity and improving the effectiveness of internal control systems and organizational accountability. This research contributes to the development of the fraud hexagon theory in the context of the public sector in Indonesia.
Copyright (c) 2026 Wasiatur Rizqiyah, Yudi Yudi, ⁠Rita Friyani (Author) https://creativecommons.org/licenses/by-sa/4.0
Complexity-Based Economic Growth: Integrating Productivity, Industrial Structure, and National Competitiveness
Economic growth is increasingly understood as a complexity-based process that integrates productivity, industrial structure, and national competitiveness within a unified system. This study aims to analyze how complexity-driven economic growth emerges through the interaction of these key dimensions. The research employs a qualitative approach with a descriptive-analytical design using a literature-based method. Data were collected from reputable scholarly journals and international reports and analyzed using content and thematic analysis to identify patterns related to economic complexity, productivity dynamics, and structural transformation. The findings reveal that economic complexity significantly enhances productivity by fostering diversified, interconnected, and knowledge-intensive industrial structures. Structural transformation from low-productivity sectors to advanced manufacturing and services plays a crucial role in increasing total factor productivity and strengthening global competitiveness. In addition, innovation, institutional quality, and industrial linkages are identified as key drivers of sustainable growth. However, challenges such as limited technological capacity, structural rigidity, and policy misalignment remain critical, particularly in developing economies. The discussion highlights the importance of integrated and capability-based industrial strategies to overcome these constraints. In conclusion, complexity-based economic growth provides a comprehensive framework for achieving sustainable and competitive development when supported by innovation, institutional strength, and strategic policy alignment.
Copyright (c) 2026 Moh Zaini (Author) https://creativecommons.org/licenses/by-sa/4.0
Economic Resilience in the Face of Global Crises: A Study on the Resilience of Modern Economic Systems
Economic resilience has become a critical concept in understanding how modern economic systems respond to increasingly complex global crises, including financial instability, pandemics, and geopolitical disruptions. This study aims to analyze how macroeconomic policies, structural characteristics, and institutional quality interact in shaping economic resilience. The research employs a qualitative approach using a literature-based method, with data collected from reputable international journal articles published between 2020 and 2025. Data were analyzed using qualitative content analysis and thematic analysis to identify patterns and relationships among key resilience determinants. The findings reveal that credible fiscal and monetary policies play a fundamental role in stabilizing economies, while economic diversification and complexity enhance adaptive capacity and reduce vulnerability to shocks. Institutional quality strengthens policy effectiveness and coordination, whereas human capital and innovation contribute to transformative resilience by enabling long-term structural change. The discussion highlights that economic resilience is a multidimensional and integrative process, requiring synergy across macro, structural, and institutional dimensions. In conclusion, achieving sustainable economic resilience necessitates a holistic and forward-looking approach that emphasizes adaptability, innovation, and systemic transformation in response to global uncertainties
Copyright (c) 2026 Tamrin Lanori (Author) https://creativecommons.org/licenses/by-sa/4.0
Sustainable Economy and Green Growth: Strategies for Promoting Environmentally Friendly Economic Development
Sustainable economy and green growth have become essential approaches to addressing the global challenge of balancing economic development with environmental sustainability and social welfare. This study aims to analyze how green growth strategies contribute to sustainable economic development through the integration of environmental, economic, and social dimensions. A qualitative research design with a descriptive-exploratory approach was employed. Data were collected through in-depth interviews, document analysis, and focus group discussions involving policymakers, experts, and stakeholders. The data were analyzed using thematic and content analysis to identify key patterns and relationships among variables. The results indicate that renewable energy development, green innovation, policy instruments, institutional governance, and sustainable natural resource management significantly contribute to environmentally friendly economic growth. These factors support the decoupling of economic growth from environmental degradation while promoting efficiency and long-term stability. The findings also highlight the importance of inclusive policies, such as green job creation and social protection, in ensuring equitable benefits of green growth. In conclusion, green growth is a comprehensive strategy that enables sustainable economic development by aligning economic progress with environmental protection and social inclusion. Effective implementation requires integrated policies, strong institutions, and continuous innovation.
Copyright (c) 2026 Juliani Pudjowati, Revi Sesario, Riyadatul Muthmainnah (Author) https://creativecommons.org/licenses/by-sa/4.0
Fiscal Decentralization and Regional Inequality: An Analysis of the Impact of Regional Autonomy on Inclusive Economic Growth
This study examines the impact of fiscal decentralization on regional inequality and inclusive economic growth in the context of regional autonomy. Fiscal decentralization is expected to enhance economic performance by allowing local governments to allocate resources more efficiently and respond to regional needs. However, its effectiveness in reducing inequality and promoting inclusive growth remains debatable. This research employs a quantitative approach with an explanatory design using panel data from multiple regions over a specified period. Data are collected from official government and statistical sources and analyzed using panel data regression models to assess the relationships between fiscal decentralization, regional inequality, and inclusive economic growth. The results indicate that fiscal decentralization has a positive and significant effect on inclusive economic growth, suggesting that greater fiscal autonomy supports regional economic development. However, it also has a positive impact on regional inequality, indicating that decentralization may widen disparities among regions. Furthermore, regional inequality is found to have a negative effect on inclusive economic growth, highlighting the importance of equitable development. In conclusion, fiscal decentralization can promote economic growth but does not automatically ensure inclusivity. Effective policy design, strong governance, and balanced fiscal capacity are essential to minimize inequality and achieve sustainable inclusive economic growth.
Copyright (c) 2026 Ferizaldi Ferizaldi (Author) https://creativecommons.org/licenses/by-sa/4.0
National Economic Resilience in the Shadow of Global Fragmentation: A Contemporary Political Economy Perspective
This study reinterprets economic growth in the context of global uncertainty and structural transformation, emphasizing a shift from traditional GDP-oriented approaches toward multidimensional and resilience-based frameworks. Increasing global shocks such as financial crises, pandemics, and geopolitical instability have exposed the limitations of conventional growth models and necessitated a new analytical perspective. This research employs a qualitative approach using a systematic literature review of peer-reviewed journal articles and policy reports. Data are analyzed through qualitative content analysis and a thematic interpretative framework to identify key dimensions of contemporary growth. The findings reveal that economic growth is shaped by global uncertainty, structural transformation, inclusiveness, ecological sustainability, digital innovation, institutional capacity, and advanced measurement frameworks beyond GDP. The discussion highlights a paradigm shift from “more growth” to “better, resilient, and sustainable growth,” where structural policies, diversification, and innovation play central roles. The study concludes that economic growth must be understood as an adaptive, inclusive, and sustainability-oriented process that integrates economic, social, and environmental dimensions. Such an approach provides a more comprehensive basis for policy formulation in an increasingly complex global economy
Copyright (c) 2026 Loso Judijanto (Author) https://creativecommons.org/licenses/by-sa/4.0
Reinterpreting Economic Growth in the Context of Global Uncertainty and Structural Transformation
This study reinterprets economic growth in the context of global uncertainty and structural transformation, emphasizing a shift from traditional GDP-oriented approaches toward multidimensional and resilience-based frameworks. Increasing global shocks such as financial crises, pandemics, and geopolitical instability have exposed the limitations of conventional growth models and necessitated a new analytical perspective. This research employs a qualitative approach using a systematic literature review of peer-reviewed journal articles and policy reports. Data are analyzed through qualitative content analysis and a thematic interpretative framework to identify key dimensions of contemporary growth. The findings reveal that economic growth is shaped by global uncertainty, structural transformation, inclusiveness, ecological sustainability, digital innovation, institutional capacity, and advanced measurement frameworks beyond GDP. The discussion highlights a paradigm shift from “more growth” to “better, resilient, and sustainable growth,” where structural policies, diversification, and innovation play central roles. The study concludes that economic growth must be understood as an adaptive, inclusive, and sustainability-oriented process that integrates economic, social, and environmental dimensions. Such an approach provides a more comprehensive basis for policy formulation in an increasingly complex global economy.
Toward a New Model of Economic Growth: Synthesizing Stability, Innovation, and Equity
Economic growth has long been regarded as a central objective of development policy, yet conventional growth models that emphasize capital accumulation and labor expansion increasingly face criticism for their inability to address environmental degradation, economic inequality, and structural transformation in modern economies. These limitations highlight the need for a new economic growth framework that integrates innovation, institutional stability, inclusiveness, and sustainability. This study aims to analyze the conceptual foundations of a new growth model that synthesizes these dimensions to support balanced and resilient economic development. The research employs a qualitative approach based on a systematic literature review of accredited academic journals and relevant scholarly publications. Data were collected from recent empirical and theoretical studies related to economic growth, financial inclusion, innovation, and sustainable development, and analyzed using qualitative content analysis and conceptual synthesis techniques. The findings indicate that innovation, particularly through digital technology and financial innovation, significantly enhances productivity and supports sectoral transformation. Institutional stability and effective governance strengthen the long-term impact of innovation on economic development, while inclusive financial systems expand access to economic opportunities and reduce inequality. Furthermore, sustainability-oriented policies are essential to ensure that economic growth remains environmentally responsible. In conclusion, a multidimensional growth model that integrates innovation, stability, inclusiveness, and sustainability provides a more comprehensive framework for achieving equitable and sustainable economic development.
The Role of Digital Media as a Means of Public Education for the Bina Marga and Bina Construction Service of Lampung Province in Increasing Community Collaboration through Participation in Infrastructure Development (Bandar Lampung Regional Case Study)
The development of digital technology has changed the way people interact, especially in conveying information about infrastructure projects implemented by the government. The purpose of this research is to analyze the function of digital media as a means of public education from the Bina Marga and Bina Konstruksi Office of Lampung Province in increasing community cooperation through involvement in infrastructure development in the Bandar Lampung region. This research applies a quantitative approach by using the survey method. The data collection technique is carried out by distributing questionnaires to residents of Bandar Lampung City who have access and experience in using the digital platform managed by the Bina Marga and Bina Konstruksi Office of Lampung Province. The data obtained was analyzed using multiple linear regression methods with the help of SPSS software. The results of the study show that digital media has a positive and significant impact on citizen participation. Participation measured by indicators such as planning, implementation, supervision, and evaluation indicates that implementation is the most influential indicator. In addition, digital media also plays an important role in community cooperation, and public participation is proven to be a mediation variable between digital media and community collaboration. This finding shows that the more effectively digital media is used as a public education tool, the higher the level of community involvement and cooperation in infrastructure development. This research is expected to be used as an evaluation material and recommendation for government agencies to maximize the utilization of digital media as a public education tool to increase more active and sustainable community participation in infrastructure development.
Copyright (c) 2026 Meisya Annisa, Lestari Wuryanti, Ayu Nursari (Author) https://creativecommons.org/licenses/by-sa/4.0
An Integrative Model of Financial Inclusion and Digital Literacy in Promoting Sustainable Economic Growth
Sustainable economic growth has become a central issue in development policy, particularly in developing countries that face challenges related to poverty, inequality, and limited access to financial services. Financial inclusion and digital literacy have increasingly been recognized as key drivers in supporting inclusive and sustainable economic systems. However, previous studies often examine these two factors separately, resulting in limited understanding of their integrated role in promoting sustainable development. Therefore, this study aims to analyze the relationship between financial inclusion and digital literacy and to formulate an integrative conceptual model that explains how these variables jointly contribute to sustainable economic growth. This research employs a qualitative approach using a systematic literature review method. Data were collected from peer-reviewed journal articles indexed in reputable academic databases published between 2021 and 2025, focusing on studies related to financial inclusion, digital literacy, and sustainable development. The data were analyzed using thematic and conceptual synthesis to identify patterns and theoretical linkages among the key variables. The findings indicate that financial inclusion expands access to financial services and promotes MSME development, while digital literacy enhances individuals’ ability to adopt and effectively utilize digital financial technologies. The integration of these two factors contributes to poverty reduction, economic participation, and environmentally sustainable investment. In conclusion, sustainable economic growth can be strengthened through an integrative framework that combines financial inclusion, digital literacy development, supportive ICT infrastructure, and inclusive regulatory policies.
Copyright (c) 2026 Darnilawati Darnilawati (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence of Product Innovation and Marketing Strategy on the Competitiveness of MSMEs
This study aims to analyze the effect of product innovation and marketing strategy on the competitiveness of MSMEs in Indonesia, both partially and simultaneously. A causal quantitative approach was employed, with data collected through an online questionnaire distributed via Google Form to 100 MSME owners selected using purposive sampling. The research instruments were developed using a five-point Likert scale based on Gunday et al. (2011) for product innovation (10 items), Kotler & Keller (2016) for marketing strategy (12 items), and Porter (1990) for MSME competitiveness (10 items). Following validity and reliability testing, data were analyzed using multiple linear regression with R statistical software. The results indicate that: (1) product innovation has a positive and significant effect on MSME competitiveness (β = 0.351; t = 4.807; p < 0.001); (2) marketing strategy has a positive and significant effect on MSME competitiveness (β = 0.538; t = 7.368; p < 0.001); and (3) simultaneously, product innovation and marketing strategy significantly affect MSME competitiveness with F = 58.200 (p < 0.001) and R² = 0.545, indicating that both variables explain 54.5% of the variation in MSME competitiveness. These findings imply that MSMEs in Indonesia need to synergistically integrate product innovation capabilities and digital marketing strategies to achieve sustainable competitiveness.
Copyright (c) 2026 Sri Wartini, Dewi Alima Nostalia Suseno (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of Factors Influencing Consumer Purchasing Decisions in the Digital Era
Consumer purchase behavior has undergone a fundamental transformation in the digital age due to the intricate interactions between individual traits, product qualities, digital experiences, online marketing tactics, and consumer trust. In order to combine these elements and create a conceptual framework of digital consumer behavior, this study uses a systematic literature review method, reviewing research produced between 2020 and 2026. The results show that customers' capacity to traverse digital platforms is influenced by individual variables such age, education level, digital literacy, and personal preferences. In order to lower perceived risk and boost confidence, product factors such as quality, pricing, brand reputation, and perceived value are crucial. Engagement, loyalty, and purchase decisions are all improved by positive digital experiences, tailored marketing tactics, and high levels of consumer trust. In addition to providing useful insights for business practitioners and theoretical contributions for future research, this study highlights the significance of an integrated strategy that takes into account all influencing aspects to understand digital consumer behavior.
Copyright (c) 2026 Faizin Rahmadi Akbar, Mukhid Mukhid (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role of Big Data and Artificial Intelligence in Shaping Consumer Preferences in the Digital Market
The rapid development of digital technology has transformed contemporary markets into data-driven ecosystems where consumer behavior can be continuously monitored and analyzed. The integration of Big Data and Artificial Intelligence has enabled companies to implement highly personalized marketing strategies that influence consumer decision-making processes. This study aims to analyze the role of Big Data and Artificial Intelligence in shaping consumer preferences within digital markets, particularly through mechanisms of behavioral prediction, algorithmic personalization, and repeated exposure across multiple digital touchpoints. This research employs a qualitative descriptive approach based on a systematic literature review of recent scholarly publications related to digital marketing, Big Data analytics, and Artificial Intelligence. Data were collected from reputable academic journals indexed in international databases and analyzed using thematic analysis and conceptual synthesis to identify key patterns and mechanisms through which data-driven technologies influence consumer preferences. The results indicate that Big Data enables firms to collect and analyze large volumes of behavioral data, while Artificial Intelligence transforms these data into predictive insights that generate personalized recommendations, targeted advertisements, and automated interactions. These mechanisms significantly increase consumer engagement, conversion rates, and transaction values, while simultaneously guiding consumer attention toward specific products. Consequently, consumer preferences in digital markets are not only revealed but actively constructed through algorithmic systems embedded within digital platforms. In conclusion, Big Data and Artificial Intelligence function as strategic technologies that reshape consumer preference formation by enabling firms to predict, personalize, and influence purchasing behavior in contemporary data-driven marketing environments.
Copyright (c) 2026 Putu Maha Putra (Author) https://creativecommons.org/licenses/by-sa/4.0
The Relationship between Price Stability and Output Growth within the Inflation Policy Framework
Price stability is widely recognized as a fundamental objective of macroeconomic policy because stable and predictable inflation supports investment, consumption, and long-term economic planning. Many central banks adopt inflation targeting frameworks to maintain low and stable inflation while promoting sustainable economic growth. However, the relationship between inflation control and output growth remains a subject of debate in economic literature because empirical evidence suggests that the relationship is nonlinear and context dependent. This study aims to analyze the relationship between price stability and output growth within the framework of inflation targeting policy. This research employs a qualitative descriptive approach using a systematic literature review of scholarly publications related to inflation targeting, price stability, and economic growth. Data were collected from peer-reviewed academic journals and macroeconomic studies and analyzed using thematic analysis and conceptual synthesis to identify patterns and mechanisms linking inflation control with output dynamics. The results show that price stability contributes to macroeconomic stability by reducing uncertainty and encouraging investment and production activities. However, the impact of inflation on output growth varies depending on inflation levels and policy responses. Moderate inflation may have neutral or slightly positive effects on economic activity, while high and volatile inflation tends to reduce long-term growth. Additionally, overly restrictive monetary policies aimed at controlling inflation may temporarily suppress economic output. In conclusion, the relationship between price stability and output growth is nonlinear, indicating the need for flexible and coordinated macroeconomic policies that balance inflation control with sustainable economic growth.
Copyright (c) 2026 Firayani Firayani (Author) https://creativecommons.org/licenses/by-sa/4.0
Economic Convergence Across Regions in the Era of Technological Disruption: A Dynamic Panel and Spatial Econometrics Approach
Regional economic inequality remains a major challenge in many countries, particularly in the context of rapid technological disruption and digital transformation. The concept of regional economic convergence suggests that less developed regions may grow faster than advanced regions, thereby reducing disparities in income and productivity. However, recent evidence indicates that convergence processes are increasingly influenced by technological innovation, spatial spillovers, and structural regional differences. This study aims to analyze regional economic convergence in the era of technological disruption by applying dynamic panel and spatial econometric approaches to capture both temporal dynamics and spatial interactions among regions. This research employs a quantitative approach using secondary panel data on regional economic indicators, including gross regional domestic product per capita, digital economy development, infrastructure, and human capital. The analysis applies dynamic panel estimation using the Generalized Method of Moments (GMM) to identify β-convergence, followed by spatial econometric modeling to examine spatial spillover effects between regions. The results indicate that regional convergence occurs conditionally rather than absolutely, with technological innovation and digital economy development playing important roles in shaping regional growth dynamics. Spatial econometric results reveal significant spillover effects, indicating that technological development in one region can positively influence economic growth in neighboring regions. In conclusion, regional convergence in the era of technological disruption is strongly influenced by innovation spillovers and spatial interactions, highlighting the importance of dynamic panel and spatial econometric models in analyzing regional economic development patterns.
The Effect of Job Insecurity and Minimum Wage on Labor Productivity in the Formal Sector
Labor productivity is a key driver of economic growth, yet Indonesia continues to face structural challenges related to wage policy and employment stability. This study aims to analyze the effect of minimum wage and job insecurity on labor productivity in Indonesia’s formal sector. Using a quantitative explanatory approach, the study combines secondary provincial data with primary survey data measuring perceived job insecurity. Multiple linear regression analysis, including an interaction term, is applied to examine both direct and moderating effects. The results show that minimum wage has a positive and significant effect on labor productivity, while job insecurity has a negative effect. Furthermore, job insecurity weakens the positive relationship between minimum wage and productivity, indicating that employment instability reduces the effectiveness of wage policy. These findings highlight that productivity outcomes are influenced not only by economic factors but also by employment conditions and institutional quality. The study concludes that minimum wage policy can enhance productivity when supported by stable employment conditions and effective regulatory enforcement. Without employment security, wage increases may produce limited or inconsistent productivity gains. Therefore, an integrated policy approach that combines wage regulation, employment protection, and institutional strengthening is essential to achieve sustainable productivity growth in Indonesia’s formal sector.
Copyright (c) 2026 Revi Sesario (Author) https://creativecommons.org/licenses/by-sa/4.0
International Accounting Standards Convergence and Its Impact on the Quality of Financial Reporting
The globalization of capital markets has increased the need for harmonized financial reporting standards that allow financial information to be comparable across countries. The convergence of national accounting standards with International Financial Reporting Standards (IFRS) has emerged as a global response to these challenges, aiming to improve the transparency, comparability, and credibility of financial statements. However, empirical findings indicate that the impact of IFRS convergence on financial reporting quality is not always consistent across different institutional contexts. This study aims to analyze how the convergence of international accounting standards influences the quality of financial reporting in the context of global financial reporting practices. The research employs a qualitative approach using a systematic literature review of accredited academic journal articles related to IFRS adoption and financial reporting quality. Data were collected from relevant scholarly publications and analyzed using qualitative content analysis and conceptual synthesis techniques. The findings indicate that IFRS convergence generally improves financial reporting quality by enhancing disclosure transparency, reducing earnings management, and increasing the value relevance of accounting information. Nevertheless, the effectiveness of IFRS implementation is strongly influenced by institutional factors such as regulatory enforcement, governance quality, and professional capacity. The study concludes that although IFRS convergence contributes to improving financial reporting quality, its impact varies across countries, highlighting the importance of institutional readiness and continued evaluation of accounting harmonization policies.
Copyright (c) 2026 Samsidar Samsidar (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of Job Insecurity and Minimum Wage on Labor Productivity in the Formal Sector
Labor productivity is a key determinant of economic competitiveness and sustainable growth, yet Indonesia continues to face structural challenges in its formal labor market. Minimum wage policy is frequently used to improve worker welfare, but its impact on productivity remains debated, particularly in relation to job insecurity. This study aims to analyze the effects of minimum wage and job insecurity on labor productivity in Indonesia’s formal sector. Using a quantitative explanatory design, the research combines secondary provincial data on minimum wages and productivity indicators with primary survey data measuring perceived job insecurity among formal sector workers. Multiple linear regression analysis, including an interaction term, is employed to examine direct and moderating effects. The findings indicate that minimum wage has a positive and significant effect on labor productivity, while job insecurity negatively affects productivity. Moreover, job insecurity weakens the positive relationship between minimum wage and productivity. The study concludes that minimum wage can either promote or constrain productivity depending on employment stability and enforcement conditions. Effective wage policy must therefore be accompanied by strengthened job security and institutional support to ensure sustainable productivity growth
Copyright (c) 2026 Juliani Pudjowati, Susi Tri Wahyuni (Author) https://creativecommons.org/licenses/by-sa/4.0
BMT Nu Sidey's Strategy in Realized UMKM Financing with Sharia Economic Principles
The development of Micro, Small and Medium Enterprises (MSMEs) has a strategic role in the growth of the community's economy. One of the financial institutions based on sharia concepts that plays a role in empowering and prospering MSMEs is Baitul Maal wat Tamwil (BMT). The aim of this research is to determine the application of the sharia economic principles in building and developing MSMEs in the BMT NU Sidayu area. The research method used is a qualitative approach with data collection techniques through observation, interviews and documentation. The research results show that the application of sharia economic principles at BMT NU Sidayu is able to increase access to capital, business assistance, and the welfare of MSME players. A fair, transparent and partnership-based financing system is the main factor in encouraging the development of MSMEs in the region.
Copyright (c) 2026 M. Afthon al ishaqi, Muhlis Muhlis (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Relationship Between Labor Force Size and BPJS Ketenagakerjaan Participation: A Case Study of North Sumatra Province
Labor force growth is one of the important indicators in observing the dynamics of employment in a region. However, an increase in the labor force is not always accompanied by an increase in participation in social security programs, particularly Social Security Administrator for Employment (BPJS Ketenagakerjaan). This study aims to analyze the relationship between the labor force and the level of participation in Social Security Administrator for Employment (BPJS Employment) in North Sumatra Province from August 2022 to February 2025. The study uses a quantitative method with a correlational approach, utilizing official data from the Central Statistics Agency (BPS) and Satu Data Ministry of Manpower. The analysis was conducted using manual calculations and SPSS software through Pearson's correlation test. The results of the study show a correlation coefficient value of 0.3927, indicating a moderate positive relationship between labor force growth and an increase in the number of BPJS Ketenagakerjaan participants. These findings show that although an increase in the labor force tends to be followed by an increase in the number of BPJS Ketenagakerjaan participants, other factors beyond the size of the labor force also play a role in shaping participation rates, such as the composition of formal and informal workers, economic dynamics, labor policies, and the level of corporate compliance. This study emphasizes the importance of a more targeted strategy in increasing the coverage of employment social security so that it can cover all workers, especially informal sector workers, who are dominant in North Sumatra.
Copyright (c) 2026 Nazwa Izmi Sachsiyyah, Nadia Salsabila Surbakti, Dinara Shabrina Wardhani, Jessica Catherine Oktavia Pasaribu (Author) https://creativecommons.org/licenses/by-sa/4.0
Digital Consumer Literacy as a Determinant of Trust in Digital Economic Transactions
This study examines the role of digital consumer literacy as a determinant of trust in digital economic transactions within the Indonesian context. The rapid expansion of the digital economy has increased reliance on online platforms, yet concerns regarding security, fraud, and data privacy continue to challenge consumer trust. Digital literacy is conceptualized as a cognitive and protective capability that enables consumers to evaluate information, understand digital risks, and engage safely in online transactions. This research employs a quantitative explanatory design using survey data collected from consumers who have conducted digital transactions in the past six months. Data were analyzed using Structural Equation Modeling (SEM) to assess the validity of constructs and to test the structural relationship between digital consumer literacy and trust. The findings indicate that digital consumer literacy has a positive and statistically significant effect on trust in digital economic transactions, with moderate explanatory power. Consumers with higher levels of digital literacy demonstrate stronger perceptions of platform integrity, security, and reliability. The discussion highlights that digital literacy reduces perceived risk and enhances confidence in digital systems. In conclusion, digital consumer literacy significantly contributes to the formation of trust and should be strengthened through integrated policy and educational strategies to support sustainable digital economic participation.
Copyright (c) 2026 Leonita Maharani, Sri Undartik, Muhandis Difa'iy Aziz (Author) https://creativecommons.org/licenses/by-sa/4.0
Energy Transition and Its Implications for the Structure of the National Economy
Energy transition has emerged as a central global agenda in response to climate change, decarbonization commitments, and sustainable development objectives. In fossil fuel–dependent economies, energy transition entails not only technological change but also profound structural transformations within the national economy. This study employs a qualitative descriptive–analytical approach grounded in political economy and public policy analysis to examine the implications of energy transition for national economic structures. Drawing on policy documents, academic literature, and institutional reports, the study analyzes how energy transition reshapes sectoral composition, labor markets, value distribution, and governance dynamics. The findings indicate that energy transition alters existing economic hierarchies, redistributes power among actors, and creates both opportunities for sustainable growth and risks of socio-economic disruption. The study argues that effective energy transition requires policy frameworks that integrate economic restructuring, social justice, and institutional coordination. It concludes that energy transition should be treated as a comprehensive structural economic policy to ensure equitable and sustainable national development.
Copyright (c) 2026 Loso Judijanto, Farkhatun Zaidah (Author) https://creativecommons.org/licenses/by-sa/4.0
Economic and Ecological Sustainability in Sustainable Development Planning: An Ecological Economics Approach
This study examines the integration of economic and ecological sustainability in sustainable development planning through the lens of ecological economics. Conventional development planning has historically prioritized economic growth, often neglecting ecological limits and resulting in systemic environmental degradation. Using a qualitative conceptual–normative approach, this research analyzes theoretical foundations, normative principles, and policy implications of ecological economics as an alternative development paradigm. The study draws on an in-depth review of classical and contemporary literature on sustainable development, ecological economics, and environmental policy. The findings indicate that ecological economics provides a more comprehensive framework for development planning by recognizing the economy as a subsystem of the ecosystem, emphasizing sustainable scale, equitable distribution, and ethical governance. This approach challenges growth-centered planning models and offers normative guidance for integrating ecological constraints into policy design. The study concludes that sustainable development planning requires a paradigm shift toward ecological economics to ensure long-term economic viability, environmental integrity, and social justice.
Copyright (c) 2026 Loso Judijanto, Tharienna Dhesta Kusuma Dewi (Author) https://creativecommons.org/licenses/by-sa/4.0
The Digital Circular Economy: Technological Innovation Strategies for Production and Concumption Efficiency
The increasing environmental and resource pressures associated with linear economic models have intensified interest in the circular economy as a pathway toward sustainable production and consumption. At the same time, rapid advances in digital technologies have transformed how economic systems operate, creating new opportunities to enhance efficiency through data-driven coordination and optimization. This study examines the digital circular economy as an integrated framework in which technological innovation strategies support both production and consumption efficiency. Using a qualitative descriptive–analytical approach with a conceptual–strategic perspective, the study analyzes academic literature, policy documents, and strategic reports on circular economy and digital innovation. The findings indicate that digital technologies play a critical role in enabling system-level efficiency by improving process optimization, reducing waste, enhancing transparency, and reshaping consumption behavior through digital platforms and feedback mechanisms. However, the study also finds that the transformative potential of the digital circular economy depends on the strategic integration of technology with circular principles, organizational practices, and governance frameworks. The research concludes that the digital circular economy offers a viable pathway toward sustainable efficiency only when digital innovation is aligned with systemic circular objectives rather than applied as isolated technological solutions
Copyright (c) 2026 Gusti Lanang Putu Tantra, Ngurah Wisnu Murthi (Author) https://creativecommons.org/licenses/by-sa/4.0
Financial technology-based management and finance integration strategy to realize organizational sustainability
This study aims to critically analyze the strategy of integrating financial technology-based management and finance in realizing organizational sustainability. Digital system integration is often perceived as a rational solution to fragmented organizational management, but empirical practice shows that integration does not always result in substantive strategic alignment. This study uses a qualitative approach with a theoretical-analytical qualitative design to explore the dynamics of integration, the quality of decision-making, organizational governance, and their implications for sustainability. Data were collected through in-depth interviews with strategic organizational actors, non-participatory observation, and document analysis, then analyzed using thematic and conceptual approaches. The results show that financial technology-based integration can improve operational efficiency, information transparency, and decision-making speed, but also has the potential to create an illusion of integration when focused solely on technical aspects. The dominance of financial logic, decision centralization, and systemic dependency emerge as consequences that narrow strategic flexibility. From a sustainability perspective, technological integration strengthens short-term operational resilience, but does not necessarily drive long-term strategic transformation. This study emphasizes that organizational sustainability requires a reflective, participatory, and balanced integration approach between efficiency, control, and adaptability, so that technology functions as a strategic enabler, not the ultimate goal of organizational management.
management integration, financial technology, organizational sustainability
Copyright (c) 2026 Elly Yuniar Nitawati, Nurul Iman, Noviandari (Author) https://creativecommons.org/licenses/by-sa/4.0