Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal International Journal of Multidisciplinary: Applied Business and Education Research
Vyron Peter L. Santos
Bulacan State University
Civil Engineering, Building, Construction & Architecture Computer Science & IT Economics, Econometrics & Finance Environmental Science Medicine & Pharmacology

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
A Research Study on the Effect of Inflation on Human Development Index in the Philippines (2000-2023) Hartzelle R. Capule; Dorothy Mae B. Pascual; Vyron Peter L. Santos; Vince Amiel S. M. Villavicencio
International Journal of Multidisciplinary: Applied Business and Education Research Vol. 7 No. 9 (2026): International Journal of Multidisciplinary: Applied Business and Education Rese
Publisher : Future Science / FSH-PH Publications

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11594/ijmaber.07.09.03

Abstract

Inflation is one of the most important macroeconomic indicators, as persistent changes in the general price level can affect economic conditions and household welfare. This study examines whether inflation affects the Human Development Index (HDI) in the Philippines from 2000 to 2023. A quantitative time-series research design was employed, using secondary data from the Philippine Statistics Authority (PSA) and the United Nations Development Programme (UNDP). The study uses a single-variable time-series framework to examine the temporal relationship between inflation and HDI within the Philippines while accounting for serial dependence in the data. Ordinary Least Squares (OLS) regression was used as the baseline model, followed by diagnostic tests and a Generalized Least Squares (GLS) model with an AR(1) error structure to correct for autocorrelation and improve the reliability of the estimates. The findings indicate that inflation has a negative but statistically insignificant effect on HDI (p = 0.2515), explaining only 5.93% of its variation. These findings suggest that inflation alone is insufficient to be considered the primary driver of human development in the Philippines, which is likely influenced by broader economic and structural factors such as access to education, healthcare, and social protection rather than short-term price movements. While maintaining price stability remains economically important, it should be complemented by sustained investments in human capital and social services to support long-term human development. Future research may incorporate additional variables and alternative econometric approaches to capture the multidimensional determinants of human development.
Co-Authors Dorothy Mae B. Pascual Hartzelle R. Capule Vince Amiel S. M. Villavicencio