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North Sumatra's economic growth often experiences fluctuationsthere are changes in external and internal conditions. Studyit aims to find the Multivariate Adaptive Regression Splines model(MARS) on the GRDP growth rate in North Sumatra according to the fieldbest effort using Generalized Cross Validation (GCV) criteria. Methodquantitative research, where the data used is secondary datataken from the Central Bureau of Statistics of North Sumatra, namely Domestic Product data North Sumatra Regional Gross Regional Gross Domestic Product (GRDP) by business sector. Studyin the form of the best MARS model obtained from the piecewise-cubic model andThe level of importance of the predictor variables to the best modelobtained significantly affect the Growth Rate of Domestic ProductsGross Regional by Business Field in North Sumatra.

In economic activities, welfare is the main thing for the community. This welfare can be seen by the ability of the community to fulfill their daily needs. Micro, Small and Medium Enterprises are productive businesses that are owned and managed by individuals or business entities that have met the criteria as micro-enterprises. With the existence of MSMEs, fulfilling these needs becomes more easily accessible to people throughout Indonesia. This study aims to analyze the role of Micro, Small and Medium Enterprises (MSMEs) in the economy. MSMEs have an important role in creating economic growth, employment, and reducing social inequality. In this journal, we present a comprehensive literature review on the contribution of MSMEs to the economy and the factors that influence the success of MSMEs. We also discuss policy initiatives that support the development of MSMEs and provide recommendations for increasing the role of MSMEs in the economy.   Keywords: The Role of MSMEs, State Economic Welfare, Community Welfare  

This study aims to determine the effect of organizational capital on the firm life cycle. The sample used is a manufacturing company listed on the Indonesia Stock Exchange for the 2009-2017 period, with a total of 580 observations of data from 116 companies and using a purposive sampling method. This study uses the independent variable organization capital which is proxied by OC/TA and the dependent variable company life cycle which is proxied by the dummy life cycle classification based on cash flow, retained earnings to total assets, and retained earnings to total equity. In addition, the control variables used are company size, market-to-book ratio, leverage, return on equity, company sales growth, capital expenditure, and asset turnover ratio. The analysis technique used is multinomial logistic regression. The results showed that organizational capital has a significant effect on the firm life cycle, where companies with high organizational capital are in the introduction and decline stages, while companies with low organizational capital are in the growth and maturity stages. Development requires quality human resources (HR). This human resource can act as a factor of labor production that can master technology so as to increase economic productivity. To achieve quality human resources requires the formation of human capital (human capital). The formation of this human capital is a way to obtain a number of people who have strong characters who can be used as important capital in development. This character can be in the form of level of expertise and level of community education. The concept of human capital investment that supports economic growth has existed since the days of Adam Smith (1776), Heinrich Von Thunen (1875) and other classical theorists before the 19th century who emphasized the importance of investment. human skills. Schultz (1961) and Deninson (1962) then showed that the development of the education sector with human resources as its core focus has contributed directly to a country's economic growth, through increasing the skills and productive capabilities of the workforce.  These findings and perspectives have stimulated the interest of a number of experts to research the economic value of education (Nurulpaik, 2005). Human capital is a stock of productive abilities and knowledge found in society. Alfred Marshal once said "the most valuable of all capital is that invested in human beings" (Becker, 1975). In this case human capital is a long-term investment in the development of human resources to increase productivity. The importance of human capital is that the knowledge that exists in human resources is the driving base in increasing productivity. Human capital can be distinguished from human resources management, but can also synergize. Human capital views humans more as intangible assets and human resources management views humans as costs or costs that are detrimental to the company. The concept of human capital emerged, due to a shift in the role of human resources. Human capital arises from the idea that humans are assets that have many advantages, namely human capabilities when used and disseminated will not decrease but increase both for the individual concerned and for the organization, humans are able to transform data into meaningful information. The concept of innovation has been continuously developed by a number of experts and institutions in the last 50 years. This is based on Resource Based Theory (Barney, 1991). In the perspective of Resource Based View (RBV), internal resources and the internal environment are the main keys for determining strategies to achieve high performance (Hitt et al., 2011). Resource Based Theory (RBT) focuses on the concept of attributes of excellence that are difficult to imitate as a source of superior performance and competitive advantage (Barney, 1991). Resources based theory is the company's resources as the main driver behind the company's performance and competitiveness. Based on this resources based theory, an organization can be assessed as a collection of physical resources, human resources, and organizational resources (Barney, 1991). Barney (1991) categorizes three types of resources: Physical capital resources (technology, plant and equipment) Human capital capital (training, experience, and insight), and Organizational resource capital (formal structure)

International trade greatly affects the economic growth of a country. One indicator of economic growth is the Gross Domestic Product (GDP). This study uses the scientific method approach and hypothesis testing. Types and sources of data used are quantitative data. International Trade has several positive impacts and negative impacts on the Indonesian state. International trade and economic growth are two things that cannot be separated because it is through free markets or international trade that a country's economic growth can increase.

The implementation of the mudharabah contract among micro-enterprises in Lakapera Village, Buton Tengah Regency, demonstrates significant potential in improving the community's economic well-being. This study aims to analyze the community’s understanding of the mudharabah contract, its practical application, and the challenges faced. Using a qualitative approach, data were collected through in-depth interviews and observation. The results indicate that despite existing challenges, the positive impact of mudharabah implementation is significant for the growth of micro-enterprises.  

This study aims to analyze the effect of the open unemployment rate and inflation on economic growth in Lampung Province. The data used in this study covers the period from 2007 to 2021. The results show that the open unemployment rate has a significant negative effect on economic growth in Lampung Province. A high unemployment rate indicates a low level of labor involvement in economic activity, which has an impact on overall economic performance. 

Economic development is one of the important goals to be achieved by a country. Because basically economic development is an effort and policy with the aim of expanding employment opportunities, raising the standard of living of the people, and improving the regional regional economy. Gross Regional Domestic Product is an indicator that can be used to see economic growth in a region. North Sumatra's GRDP growth rate recorded in the Central Bureau of Statistics of North Sumatra has fluctuated. One way to find out if GRDP has increased or decreased is to use forecasting. In various fields, forecasting systems are needed that must be accurate to anticipate future events. One of the methods used is regression analysis, including polynomial and exponential regression, the data used is North Sumatra GRDP Growth Rate data from 2011 to 2021 where the X variable is the year and the Y variable is the GRDP growth rate each quarter, and the best method will be determined in this research. From the results obtained using the help of the Matlab application, the best forecasting model is by looking at the MSE which is close to zero where the MSE values are regression, namely: 1st Order Polynomial (MSE: 1.98e-05); Order 2 Polynomial (MSE: 0.0023); Order 3 Polynomial (MSE: 1.85e-04); Order 4 Polynomial (MSE: 12.65); Order 5 polynomial (MSE: 8.66); Exponential (MSE: 0.2447).

Along with the development of regions in Indonesia, followed by population growth, there will be an increase in development and settlements that affect the environment to become quite dense. This resulted in limited land and water so that cultivation activities were also limited. Banjaragung Village is a village located in Bareng District, Jombang Regency. The majority of the livelihoods of the residents of Banjaragung Village are farmers. The aquaponics technique is suitable for application in Banjaragung Village because it includes simple agricultural technology in the form of cultivating fish and plants in one bucket (Budikdamber). The aim of implementing the aquaponics program is to take advantage of narrow land by making minders so that the harvest is expected to generate creative economic opportunities in society. There are two implementation methods, namely the holding of the Budikdamber Appropriate Technology socialization which was attended by PKK mothers and the BPP (Agricultural Extension Agency) Bareng and direct demonstrations. The results obtained are an increase in public knowledge about Budikdamber, can meet family food needs, and improve the community's economy.    

Nutrition greatly influences the growth and development of children who are still in the learning process at school. The habit of snacking on children has become a common habit and is found at various socio-economic levels of society. Snacks whose cleanliness cannot be controlled by the school and which are contaminated with dust and dirt are in great demand by school children. The purpose of this service activity is to provide socialization or learning about the importance of nutritious food for children at TPQ Raudhotul Huda Wangandowo. The method used in this service is using learning methods in the form of; the lecture method is in the form of delivering theory, the second is the discussion and question and answer method, used to test participants' understanding of the material that has been delivered. The results of this activity showed that the students at TPQ Raudhotul Huda Wangandowo were very enthusiastic in listening to the material presented by us. Some students also understand about nutritious food, it is proven that they can answer questions from us

Community service activities at the Faculty of Economics, University of Surakarta (UNSA) are intended to provide practical solutions for community entrepreneurship activities. This community service activity helps solve business management problems for the community; besides that it can provide practical knowledge to the public regarding the application of accounting economics through counseling activities. The community service held by the UNSA Faculty of Economics took place in Girilayu Village, Matesih District, Karanganyar Regency. The basic problem faced by partners is business management including financial management, human resources, and marketing. The results of this UNSA Faculty of Economics community service activity can help increase the professionalism of partner businesses and are expected to stimulate the growth of new entrepreneurs.

Micro, Small, and Medium Enterprises (MSMEs) are an activity that is one of the sources of the country's economic power. The purpose of this observation activity is to determine the 7P marketing mix strategy implemented by PT Bayou Berjaya Indonesia, which started its business in the midst of a pandemic. The pandemic in Indonesia has had many negative impacts on business turnover in Indonesia, especially in the food and beverage sector The research was conducted using descriptive and observative methods by conducting in-depth interviews on the business that is My Kripick. The results of the research (the product becomes a trend maker in the West Java market. (2) Product prices can compete with the market. (3) Offline stores are the main place for increased the turnover. (4) Promotion is carried out through soft selling metode. (5) Manager level consists of two people, chief operational officer and chief marketing officer. (6) Using a ready stock system. (7) Using a unique design product.

This research discusses the development of industry 5.0 and its impact on the Indonesian economy. Industry 5.0 is a concept that integrates artificial intelligence, robotics, automation, Internet of Things (IoT), and other technologies to create more efficient and connected production systems. This study aims to analyze how the implementation of Industry 5.0 has affected Indonesia's economic sector and the challenges faced in adopting this technology. A comprehensive literature review was conducted to understand the global developments of Industry 5.0 and then applied in the Indonesian context. This research also highlights aspects such as digital infrastructure, workforce skills, and government policies that support or hinder the development of Industry 5.0 in Indonesia. It is hoped that this research can provide valuable insights for policy makers and stakeholders in understanding the contribution of Industry 5.0 to the Indonesian economy and formulating appropriate strategies to encourage sustainable economic growth.

Micro, Small Enterprises, dUMKM) play an important role in the community's economy, especially in creating jobs and driving economic growth. However, MSMEs often face challenges in dealing with increasingly fierce competition and changes in market trends. In the digital era that continues to develop, the development of digitalization of MSME businesses has become an urgent need to increase their competitiveness. The development of digitalization of MSME businesses opens up great opportunities for business growth and development. By using digital technology and online platforms, MSMEs can expand their market reach and reach potential consumers in various regions. Through digital marketing, MSMEs can promote their products or services more efficiently than traditional methods. In addition, by leveraging digital data and analytics, MSMEs can better understand consumer behavior and optimize their marketing strategies. However, the development of digitalization of MSME businesses also faces several challenges. One of them is limited access and understanding of digital technology. Many SMEs do not have sufficient knowledge or resources to utilize technology effectively. In addition, data security and privacy are important concerns for MSMEs in adopting digitization. MSMEs also have to face increasing competition from large companies that have greater resources to invest in digital technology.

Macroeconomics is the study of economic activity in a country. Macroeconomic indicators are inflation, unemployment, and economic growth. The purpose of this study is to see the effect of unemployment and inflation on economic growth in North Sumatra. This study uses the multiple regression method where the data is taken from 1998-2022 per semester. Finally, this study only shows that unemployment has a significant effect on economic growth, while inflation has no significant effect on economic growth.

This study aims to analyze the influence of the agricultural sector on the economy in Medan Province. The agricultural sector plays a vital role in the economy of a region, particularly in agrarian areas like Medan Province. The data used in this study are secondary data obtained from relevant institutions and statistical agencies. The research method employed is linear regression analysis, using the dependent variable of economic growth in Medan Province and the independent variable of agricultural sector production value. The results of the analysis indicate a positive relationship between the agricultural sector and economic growth in Medan Province. The regression results show that the production value of the agricultural sector contributes significantly to economic growth in the region. This indicates that the development of the agricultural sector has a positive impact on the economy of Medan Province. The study also identifies other factors that can influence the relationship between the agricultural sector and the economy, such as climate factors, government policies, and market factors. The findings of this research can serve as a basis for relevant stakeholders, both the government and industry players, in formulating policies and development strategies for the agricultural sector to enhance economic growth in Medan Province.  

Indonesia, with its long-term economic development plan spanning 20 years, divided into five-year medium-term plans, recognizes the importance of both foreign and domestic investments in driving its economic growth. The country presents opportunities across various sectors, as the increasing income levels can influence Indonesian consumers' interest in imported products and services. However, investing in Indonesia comes with unique risks and challenges, considering the country's dynamic context. To ensure successful investments, it is crucial for investors to understand Indonesian culture and the preferences of local consumers. This understanding can help tailor products and services to suit the local market, thus enhancing the chances of success. Additionally, the Indonesian government has implemented strategies to diversify the economy, focusing on priority sectors that can further stimulate economic growth. Foreign and domestic investments play a vital role in contributing to Indonesia's economic growth. These investments not only infuse capital into the country but also bring in technological advancements, job opportunities, and knowledge transfer. To attract investments, the Indonesian government has been implementing policies to improve the ease of doing business and create a favorable investment climate.

Poverty is a problem in a complex and multidimensional economy. Therefore it is necessary to find a solution to overcome or at least reduce the level of poverty. This study aims to analyze the effect of the level of economic growth on the level of poverty in the province of North Sumatra. The author uses library research instruments, documentation studies, internet browsing, where the data taken is secondary data from related agencies, especially the Central Bureau of Statistics of North Sumatra, and in analyzing the data using a simple linear regression analysis technique. The results of data processing show that economic growth has a negative and significant effect on poverty rates in the province of North Sumatra.

The development of international business activities coincides with the widespread phenomenon of market globalization (Cavusgil, Knight, & Riesenberger, 2008). Market globalization refers to the growing economic integration and growing interdependence of countries around the world. The purpose of writing this article is to analyze the implications of globalization for international business. The study population consists of four empirical cases: strategies of ICT producers to cope with globalization, strategies used by Brazilian companies to survive China's challenges due to globalization, strategies for globalization and corporate real estate. This method allows researchers to select cases that have the desired information or required characteristics that are useful in achieving research objectives. The internationalization of companies refers to the tendency of companies to systematically increase the international scope of their business activities, whereas globalization refers to the macrotrend-intensive economic relations between the countries of the world. Globalization is driving companies to internationalize and substantially increase the volume and type of cross-border transactions in goods, services, and capital. Also, globalization leads to the rapid spread and diffusion of products, technology and knowledge in the world. The process of globalization is a natural process which is the result of the growth and acceleration of the process of character generalization and production processes.  

In various efforts to improve the economy of the Indonesian people, the role of MSME actors is considered very important to support and sustain people's lives. Many sectors have succeeded in encouraging the government to build structure and development in improving the Indonesian economy by providing employment and fully supporting MSME actors to further develop. The position of MSMEs itself is very undoubted because they managed to survive and become the driving force of the Indonesian economy during the crisis some time ago. Likewise, the influence of globalization can lead to very tight competition in export-import activities or international trade, so that economic growth and the welfare of some people can be achieved broadly and evenly. With the government's role in supporting the competitiveness strategy and development of MSMEs, new features are needed.

Islamic banks are one of the many types of banks that implement sharia principles in their operational activities. Islamic banks play an important role in supporting economic and financial growth in Indonesia, and have become an alternative for people to save and manage their money. However, there are still many Banten UIN students who do not know about Islamic banking and how it works. The level of financial and banking literacy within the scope of UIN Banten students is an important factor that has the potential to influence their interest in saving money in Islamic banks. A low level of financial and banking literacy can make students not have adequate insight into products and services of Islamic banks, thus hindering their interest in saving at the bank. Therefore, this research is aimed at examining the effect of the literacy level of UIN Banten students regarding Islamic banks on their interest in saving in Islamic banks. This research is aimed at reviewing the level of Islamic financial literacy of students of Islamic economics and Islamic banking study programs and the influence of Islamic financial literacy levels on the use of Islamic banking products. Research categorized as quantitative research. Thus, increasing literacy around Islamic banking can strengthen the interest of UIN Banten students in saving money in Islamic banks. Keywords: Influence, literacy level, Islamic bank, interest in saving