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All Journal Universal Journal of Science and Technology
Peter Jeff Camaro
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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Philippine MSMEs - Impact on Sustainable Economic Development in Employment Generation, Income Inequality, and Poverty Eliza Nicole Adviento; Charlene Laine Bumanlag; Shannen Rose Fajarito; Peter Jeff Camaro
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.v1i2.86

Abstract

In the Philippines, the MSME sector is considered to be a significant driving force in boosting economic productivity addressing poverty, income inequality, and high unemployment rates. This study aims to answer, “How impactful are the role of MSMEs on employment generation, income inequality, and poverty in the Philippines?”. Most studies show that MSMEs (regressor) positively impact employment generation, income inequality, and poverty alleviation (regressands) however, some studies show that MSME negatively impacts labor productivity which affects employment generation; MSME and poverty alleviation has a negative association, whereas as MSME industries flourish, poverty incidence also increases; and MSME negatively affect income inequality wherein as MSMEs flourish, the income gap between the rich and the poor is also growing. The researchers collected regional secondary data from the Philippine Statistics Authority and published academic journal online, determined using panel least squares regression analysis to evaluate the relationship between the controlled and observed variables. The study proved that there is a negative correlation between MSMEs and employment generation, income inequality, and poverty alleviation, which means that the dependent variables have an impact on the MSMEs.
The Regional Analysis on the Relationship of Income and Economic Growth on the Savings of Filipino Households over the Business Cycles Jose Alberto Bacud; Yna Bless Nieto; Atheana Zui Patungan; Peter Jeff Camaro
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.v2i1.92

Abstract

This study analyzes the relationship of income and economic growth toward the savings of Filipino households over the business cycles. Savings has been studied to have various determinants. Thus, the researchers of this study were urged to provide empirical evidence in this topic within the economic context of the Philippines. The study would like to establish the conventional income-savings relationship and prove the causal relationship of economic growth to savings, both of which will be observed through a business cycle to understand the behavior of saving better. The researchers used Panel Data Regression analysis to find the significant predictors among the variables. It was found that the highest income range positively affects savings, and interest rates negatively affect it. Moreover, CAR was proven to have the highest average savings among other regions in the Philippines. However, it is only averaged compared to ARMM regarding Regional GDP. With this, the study provides policymakers with a better outlook on what factors they should focus on to boost savings and consequently improve investment and further economic growth.
Co-Authors Atheana Zui Patungan Charlene Laine Bumanlag Eliza Nicole Adviento Jose Alberto Bacud Shannen Rose Fajarito Yna Bless Nieto