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Ronaldo Cabauatan
University of Santo Tomas, Philippines
Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Materials Science & Nanotechnology Mechanical Engineering

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The Effect of Price and Non-Price Factors on the Alcoholic Beverage Consumption of Millennials in the City of Caloocan Angel Joyce Sophia Cordero; Audre Garett Balayan; Jefferson Paspie; Ronaldo Cabauatan
UJoST- Universal Journal of Science and Technology Vol. 1 No. 2 (2022): September 2022
Publisher : Faculty of Science and Technology University of Pramita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11111/ujost.v1i2.76

Abstract

The study examines the impact of excise tax (price factor), alcohol sales restrictions, media advertisements, and health warning labels (non-price factors) on the alcoholic consumption of millennials in Caloocan City, Philippines. The study identifies whether such factors imposed and used significantly reduce alcohol use among millennials. Previous empirical research shows that all factors have either increased or decreased alcohol use. Nevertheless, excessive consumption of alcohol leads to various negative externalities which cause harmful impacts on a household or a community. This research identifies if the price and non-price factors are effective approaches or strategies for controlling the consumption of alcoholic beverages. This study uses regression analysis through Ordinary Least Squares to analyze the data gathered through a survey. The findings of the study show that imposition of excise tax and placing health warning labels has a statistically significant effect on reducing alcohol use. Meanwhile, sales restrictions and media advertisement does not have a significant impact. Furthermore, researchers recommend that policymakers impose a higher excise tax rate and place health warning labels on alcohol containers to reduce its consumption and lessen its related harms among individuals and their surroundings.
Impact of Socioeconomic Status and Parental Involvement in Students’ Academic Performance of the Undergraduate Students in a Comprehensive University during the COVID-19 Pandemic Lorenzo Roen Rumbaoa; Gabriel Vone San Jose; Joshua Andrei Sanchez; Ronaldo Cabauatan
UJoST- Universal Journal of Science and Technology Vol. 1 No. 2 (2022): September 2022
Publisher : Faculty of Science and Technology University of Pramita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11111/ujost.v1i2.81

Abstract

Academic performance has been linked to parental involvement and socioeconomic status. In today’s era, education is not a privilege but rather a right for every population around the world. This study examined the relationship between socioeconomic status and parental involvement in the academic performance of undergraduate college students. This research aims to answer the central question, does Socioeconomic status and Parental Involvement affect Student Academic Achievement? The importance of addressing this question is that economic and educational institutions may use the findings of this research as a guide for future economic and educational development. Some previous research has shown that socioeconomic status had little to no effect on student academic achievement, while parental involvement affected student academic achievement. This study used stratified random sampling wherein 14 out of 17 colleges in the comprehensive university participated. This study used an online survey with questions pertaining to monthly household income, a 16-item 4-point Likert scale pertaining to parental involvement, and the latest estimated general weighted average. Results show that socioeconomic status has no significant relationship with student academic performance, while parental involvement has a significant relationship with student academic performance. Parental involvement must also be given focus on student academic performance. Which furthermore indicates that various household income would affect students’ academic performance.
Impact of Public Debt on Economic Growth: A Panel ARDL Approach in ASEAN-5 Jane Rose Bacay; Justine Diokno; Kimberly Anne Iguiz; Ronaldo Cabauatan
UJoST- Universal Journal of Science and Technology Vol. 1 No. 2 (2022): September 2022
Publisher : Faculty of Science and Technology University of Pramita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11111/ujost.v1i2.84

Abstract

This study examined the relationship between public debt and economic growth by employing the autoregressive distributed lag (ARDL) approach developed by Pesaran and Shin (1999) in the ASEAN-5 from 1986 to 2020. This paper considered a time period wherein there exists an episode of economic uncertainties. The other variables used in this study are exchange rate, foreign exchange reserves, and world uncertainty index. The data were extracted from the World Development Indicators (WDI) of the World Bank and the International Monetary Fund (IMF). It is essential to determine whether or not debt financing is a sound fiscal policy, particularly during an economic crisis, to protect a country’s fiscal condition. The empirical analysis indicated a significant negative relationship between public debt and economic growth in the long run but an insignificant relationship in the short run. Specifically, an increase in public debt by 1% is associated with a 3.74% decrease in economic growth in the long run. This finding supports several previous studies, and it implies that governments need effective public debt management to mitigate the long-term impact of public debt. The results also suggest that public debt should be allocated to productive sectors and long-term investment projects to ensure debt sustainability.
Impact of fiscal policies of the Philippines, Thailand, and Vietnam on MSMEs and their relative effects on GDP growth John Luis Censon; Hoan Ferdinand Sanque; Richard Elliot Villegas; Ronaldo Cabauatan
UJoST- Universal Journal of Science and Technology Vol. 2 No. 1 (2023): March 2023
Publisher : Faculty of Science and Technology University of Pramita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11111/ujost.v2i1.91

Abstract

Over the years, countries from Southeast Asia have MSME sectors that play a vital role in economic development of the region. Governments have their own strategies on how to deal with their economies, through fiscal policies, that serve the best interest of the condition of their states and citizens. As MSMEs in the Philippines, Thailand, and Vietnam continues to contribute employment of the vast majority of their populations, this study examines the effects of the fiscal spending of the aforementioned countries to their MSMEs and the relationship of the increase in number of MSMEs to aggregate national economic outputs. By using panel regression analysis, this paper aims to prove that fiscal policies, as measured using annual government expenditures data, together with household consumption, and MSME employment as supporting variables, would positively affect MSME growth, leading to a favorable outcome to GDP growth. This led to this paper providing insights that government expenditure and HFCE have positive significant relationship to the number of MSMEs in the Philippines, Thailand, and Vietnam, while MSME employment is negatively significant to it. With the rise of MSMEs in the selected countries, the PLS and RE results concluded that GDP growth of these countries can be influenced by their MSME growth. The outcome of this study could help policymakers and institutions to formulate sound government measures and recommendations to ensure that opportunities provided by the MSME in their economies are maximized.
The Effects of the COVID-19 Pandemic on the Philippine Stock Exchange Index Hoshea Jello Bartolome; Renzo Philip Bautista; Miguel Antonio Sansalian; Ronaldo Cabauatan
UJoST- Universal Journal of Science and Technology Vol. 2 No. 1 (2023): March 2023
Publisher : Faculty of Science and Technology University of Pramita Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This paper investigated the effects of the COVID-19 pandemic on the Philippine Stock Exchange Index from January 31, 2020 to January 31, 2022 using Robust Least Squares Regression and Augmented Dickey-Fuller (ADF). This study explored the correlation patterns between the increasing number of weekly COVID-19 infections to the Philippine Stock Exchange Index in order to determine the risk of extreme volatility in the Philippine Stock Exchange Index. Furthermore, this study examined the short and long-run effects of COVID-19 weekly infections prior to the fluctuations of the Philippine Stock Exchange Index. This article will significantly help investors understand and further analyze the effects of the pandemic on the volatility of the Philippine stock exchange index.
Co-Authors Angel Joyce Sophia Cordero Audre Garett Balayan Gabriel Vone San Jose Hoan Ferdinand Sanque Hoshea Jello Bartolome Jane Rose Bacay Jefferson Paspie John Luis Censon Joshua Andrei Sanchez Justine Diokno Kimberly Anne Iguiz Lorenzo Roen Rumbaoa Miguel Antonio Sansalian Renzo Philip Bautista Richard Elliot Villegas