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Foreign Direct Investment and it is Influence on International Trade of the Economic Growth of the Philippines Rosda Mangindalat; Rahmat Olii
Journal of Business Technology and Economics Vol. 1 No. 2 (2024): Journal of Business Technology and Economics
Publisher : Pijar Pustaka Widyadhana

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Abstract

This research aims to investigate the relationship between Foreign Direct Investment (FDI) and international trade on Philippine economic growth. With economic growth being a major focus in the country's development, it is important to understand the contribution of FDI and international trade to achieving the Philippines' economic growth goals. The research method used is multiple linear regression to look at the economic growth of the Philippines from 2000-2022. There are two types of variables independent and dependent variables and economic growth in the relevant time period. The data used includes time series and cross-country data to strengthen the validity of the results. The analysis finds a substantial positive coefficient indicating a positive association between labor and GDP in the Philippines. For foreign direct investment (FDI), however, a negative inverse correlation was discovered, indicating the need for additional research. Additionally, the trade variable displayed a negative coefficient, suggesting that more investigation is required to fully comprehend its influence on economic growth. According to the report, to achieve sustainable growth, policies for maximizing the benefits of trade and foreign investment on the nation's development need to be reevaluated.
Probing the Nexus Effect of CO2 Emissions, Fossil Fuels, Energy Imports and Economic Growth on Renewable Energy Consumption in OIC Member Countries in Southeast Asia: Evidence from Panel Data Estimations Rahmat Olii
West Science Nature and Technology Vol. 2 No. 02 (2024): West Science Nature and Technology
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsnt.v2i02.959

Abstract

In recent years, the role of renewable energy sources has increased in the amount of energy consumed worldwide. Much remains unknown about the components that influence renewable energy consumption. This article addresses this issue for the Southeast Asian countries that are members of the Organization of Islamic Cooperation (OIC): Indonesia, Malaysia and Brunei Darussalam. Besides having major energy resources, the region is well suited for renewable energy development as it can measure the effects of carbon dioxide emissions, fossil fuels, energy imports, and economic growth. In this study, we found that there is no statistically significant difference in renewable energy consumption in previous years; economic growth and concurrent increases in carbon dioxide and fossil fuel emissions do not have a positive impact on renewable energy use in the OIC region of Southeast Asia; and the impact of energy imports has a significant impact on the consumption of renewable energy. In addition, how the findings of this study impact policy is discussed.