Analyzing Patterns of Household Expenditure on Recreation and Culture in the Philippines

Date

1-2023

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Jaimie Kim B. Arias

Committee Member

Rowena A. Dorado Jaimie Kim B. Arias Gideon P. Carnaje Agham C. Cuevas

Abstract

Recreation and culture are becoming relevant in boosting economic growth and development. This highlights the observation of consumption preferences towards recreational and cultural goods. By utilizing data from the 2018 Family Income and Expenditures Survey (FIES), this study analyzes how much households spend on recreation and culture, and determines factors that may affect these expenditures.

A single-equation Working-Leser model was estimated through a Tobit analysis. Results indicate that total household expenditures, family size, urbanity, household head's age, sex, marital status, educational level, and job status were significant factors in recreation and culture expenditures in the Philippines. Furthermore, an expenditure elasticity was derived at 1.59, indicating recreation and culture as luxuries.

Results from the Tobit analysis also show that higher recreational and cultural spending is consistently related to a higher educational level of the household head. Investments in learning and upskilling are therefore essential to drive more consumption of recreation and culture goods.

Language

English

LC Subject

Household consumption, Household expenditures, Recreation and culture

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2023 E2 C33

Document Type

Thesis

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